November 18, 2013
PetroTech Oil and Gas Inc. (OTC: PTOG) (the "Company" or Petrotech"), today announced that they have entered into a joint venture with Rolling Hills Oil and Gas LLC of
(RR) to obtain financing for two 20,000 foot Completion and work over rigs. The joint venture calls for Rolling Hills to arrange funding from one of their equipment lines, and PTOG would, once purchased and manufactured per specs, will contract the two rigs with one of the major producers in
such as Halcon Resources, and Continental Resources.
"This is an opportunity for our company to participate in a venture to secure a huge revenue source over the next Three to Five years that will exceed anything we have done to date, with no expense on our part or any additional debt to our company."
Said Eddie Schilb
president of Petro Tech Oil and Gas, "These two rigs once put into production will bring in
per day at 24 days per month "
About Continental Resources:
Continental Resources, Inc. (NYSE: CLR), based in
, is focused on the exploration and production of onshore oil-prone plays and is a Top 10 independent oil producer in the United States. The Company has a long and successful history of developing its industry-leading leasehold and production in the nation's premier oil play, the Bakken of
, as well as significant positions in
in its recently discovered SCOOP play and the Northwest Cana play. In 2013, the Company will celebrate 46 years of operation.
About Halcon Resources:
Halcón Resources Corporation (Halcón) (NYSE:HK) is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich assets in
the United States
. While Halcón is a new venture, we operate on a proven strategy used in prior, successful ventures. We have an experienced staff and use the most advanced technology, enabling us to make informed and effective business decisions. Spanish for hawk, Halcón embraces the vision and agility to become a resource powerhouse in the oil and gas industry.
About Rolling Hills Oil and Gas LLC;