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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Petrotech Oil And Gas, Joint Venture With Rolling Hills Oil And Gas North Dakota Has Obtained The First Contract With A Multibillion Dollar Industry Giant To Provide Completion Rigs

Stocks in this article: CLR HK

The cost and recovery of a project will be dependent on size of structure and depth; the cost will range depending on type of formation and type of treatment design. Hopefully, per project we will capture an additional 20% to 40% of oil in place. Attempting to do this in a period of 5 years as opposed to the original 20% of oil that has already been produced; which may have taken ten to twenty years. Each successful project is estimated to have a six to twelve month payout.

For more information please go to our websites, which can be found at:  http://petrotechog.com

Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.



Website:  http://www.petrotechog.com  Phone: + 888-568-7111 Email:  info@petrotechog.com  Investor Relations Gabriel Rodriguez  E Relations Group +1-623-255-5750

SOURCE PetroTech Oil and Gas Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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