PetroShale Inc.

Description

PetroShale Inc. is an independent natural resource company that is primarily engaged in the oil and gas production business and operates in the energy sector. PetroShale Inc. is listed on the Toronto Venture Stock Exchange, its ticker symbol is PSH.

The oil and gas company also trades on the OTCQB – the United States market – with the symbol PSHIF. The Calgary-based company acquires, explores, and develops oil and gas-weighted projects for the production of oil and gas. PetroShale operates a diversified portfolio of oil-weighted projects in the key economic areas of Bakken and Three Forks, in the northern part of Dakota.

The Bakken region hosts a petrol system with numerous prospective zones, including:

Middle Bakken

Pronghon (also known as Sanish)

Lodgepole

Three Forks Benches zone which includes four subparts

According to the 2020 results, the company reported its crude oil and natural gas reserves under three categories:

• Tight Oil – working interest of 51.77 billion barrels (Mbbl)

• Shale Gas – working interest of 58.63 billion cubic feet (Mmcf)

• Natural Gas Liquids – working interest of 10.76 billion barrels (Mbbl)

• Oil Equivalent – working interest of 72.31 billion barrels of oil equivalent (Mboe)

The company is acquiring additional oil-weighted grounds and assets based on the land potential and exploration opportunities within the region. The oil field portfolio of the company is contiguous and located within key parts of the reservoir, which includes Antelope, South Berthold, and Fort Berthold areas.

The advanced completion and production technologies with frequent exploration and drills enable the company to exploit the upside potential and improve the recovery rate. It is focused on increasing the oil and gas resource potential for the development of its portfolio assets to maximize the overall value of the company and maximize the returns to shareholders.