November 18, 2013
PetroTech Oil and Gas Inc. (OTC: PTOG) (the "Company" or Petrotech"), PetroTech 's joint venture with Rolling Hills announced this afternoon that Rolling Hills has obtained the first executed contract to provide completion rigs with Halcon Resources, a multibillion-dollar industry leader in the Bakken Shale play, and other major areas of the US. The contract will provide for one-year probation period and will generate
a day per rig, plus additional charges for additional services.
"We believe that once both rigs are manufactured and working full time per 24 hour period, the two rigs could generate over
Said Eddie Schilb
president of Petro Tech Oil and Gas, " The contracts require two stages and execution of the two contracts for completion, but we have completed the first part and are confident in completing the balance" he added, we will keep our shareholders up to date once everything is done.
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;