0001415889-18-001177.txt : 20180724 0001415889-18-001177.hdr.sgml : 20180724 20180724162110 ACCESSION NUMBER: 0001415889-18-001177 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180724 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180724 DATE AS OF CHANGE: 20180724 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Petro River Oil Corp. CENTRAL INDEX KEY: 0001172298 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 980611188 FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-49760 FILM NUMBER: 18966726 BUSINESS ADDRESS: STREET 1: 55 5TH AVENUE STREET 2: SUITE 1702 CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: 469-828-3900 MAIL ADDRESS: STREET 1: 55 5TH AVENUE STREET 2: SUITE 1702 CITY: NEW YORK STATE: NY ZIP: 10003 FORMER COMPANY: FORMER CONFORMED NAME: GRAVIS OIL Corp DATE OF NAME CHANGE: 20110627 FORMER COMPANY: FORMER CONFORMED NAME: MEGAWEST ENERGY CORP. DATE OF NAME CHANGE: 20070328 FORMER COMPANY: FORMER CONFORMED NAME: BROCKTON CAPITAL CORP DATE OF NAME CHANGE: 20020426 8-K 1 form8k-07242018_010756.htm


 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 24, 2018

 

PETRO RIVER OIL CORP.

(Exact name of Registrant as specified in its Charter)

 

 



Delaware

000-49760

9800611188

 

(State or other jurisdiction

of incorporation)

(Commission File No.)

(IRS Employer

Identification No.)

 

 


55 5th Avenue, Suite 1702

New York, New York 10003

 

(Address of principal executive offices)

 


 

(469) 828-3900

 

(Registrant’s Telephone Number)

 


 

Not Applicable

 

(Former name or address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐



























 







Item 8.01 Other Events.

 

On July 24, 2018, Petro River Oil Corp. (the “Company”) issued a press release announcing the discovery of its largest oil field to date with the Company’s successful drilling of the Arsaga 25-2 exploration well, located on its core acreage in Osage County, Oklahoma. A copy of the press release is attached hereto as Exhibit 99.1, and is incorporated by reference herein.

 

Item 9.01 Financial Statements and Exhibits.

 

See Exhibit Index.

 








SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 




 

 

PETRO RIVER OIL CORP.





Date: July 24, 2018

 

By:

 /s/ Scot Cohen

 

 

 

Scot Cohen

 

 

 

Executive Chairman

 

 

 








EXHIBIT INDEX

 

 

Exhibit No.

 

Description

 

 

 

99.1


Press Release issued by Petro River Oil Corp., dated July 24, 2018






EX-99 2 ex99-07242018_010758.htm Secconnect.com

PETRO RIVER DISCOVERS LARGEST OIL FIELD IN THE COMPANY’S HISTORY


Petro River Oil Corp (PTRC) (“Petro River” or the “Company”), an independent oil and gas exploration company that utilizes 3D seismic technology to discover and develop oil and gas reserves in proven oil and gas basins announced today the discovery of its largest oil field with the successful drilling of the Arsaga 25-2 exploration well in Osage County, Oklahoma.  


The Arsaga 25-2 exploration well was the first of three exploration wells outlined in the Company’s 2018 drilling program. The Arsaga well was spud on July 9, 2018 and drilled to a depth of approximately 2,750 feet. Preliminary results indicate 30 feet of productive Mississippian Chat formation, with an estimated ultimate recovery of 50,655 barrels of oil equivalent. The Company plans to provide a 30-day initial production rate, or IP rate in September 2018.  Our estimates on ultimate recovery per well are based on the reserve report dated May 1, 2018 prepared by Cawley, Gillespie & Associates ("CGA"), an independent petroleum engineering firm.


“The discovery in the Arsaga field has given the Company continued confidence in our ability to effectively use 3D seismic imaging technology to discover overlooked prospects. The development of the Arsaga field, with approximately 2,000 prospective acres and up to 100 well locations, will be the focus of our activity for the next couple of years,” said Petro River president Stephen Brunner.  


ABOUT: PETRO RIVER OIL CORP (OTC: PTRC)


Petro River Oil Corp. (OTCBB: PTRC) is an independent energy company with its core holdings in Osage County, Oklahoma. Petro River’s strategy is to apply modern technology, such as 3D Seismic analysis, to exploit hydrocarbon-prone resources in historically prolific plays and underexplored prospective basins to build reserves and to create value for the Company and its shareholders. Petro River owns a 14.52% equity interest in Horizon Energy Partners, LLC and its president, Stephen Brunner, is also a member of the Board of Managers of Horizon Energy Partners, LLC. For more information, please visit our website at www.petroriveroil.com.


FORWARD-LOOKING STATEMENTS

This news release contains forward-looking and other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward looking statements. These forward looking statements, projections and statements are subject to change and could differ materially from final reported results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which



they are made. Petro River assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, Petro River undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect to the matters discussed above. Readers should also carefully review the “Risk Factors” in Petro River’s annual report on Form 10-K, its quarterly reports on Form 10-Q, and other reports filed with the SEC under the Securities Exchange Act of 1934, as amended.


For additional information about Petro River Oil, please visit http://petroriveroil.com/ or contact:Investor Relationsir@petroriveroil.comtelephone: (469) 828-3900