Petrolia Energy Corp

Petrolia Energy Corporation is an international Oil & Gas company, headquartered in the energy capital of the world, Houston, Texas. With over 80 years of global operational and management experience in all aspects of the energy industry, Petrolia explores energy development potential in oil, gas, solar and wind. The companys core focus is on implementing cutting edge technology, including its own ground-breaking proprietary technologies, to improve recoverability of existing oil and gas fields.  Petrolias team of experts have an outstanding record of converting non-compliant and uneconomical oil and gas fields into producing and profitable assets. In working to achieve these ends, we insist upon being a good neighbor and partner to the communities in which we operate. This can only be consistently achieved by regulatory-compliant operations which embrace the concepts of environmental stewardship.  We are honored by our position as stewards to the environment, and operate accordingly – if it is not safe, it is not done. We firmly believe we can maximize profitability while protecting our environment and benefitting our communities.

Operational Overview

When Petrolia Energy began in 2012, we started with a singular focus, to acquire and develop new prospects in oil rich Texas.  Over the last few years, we have evolved into a more dynamic enterprise and have earned the respect of the industry as an experienced, capable and cost-effective operator. With the integration of new technology in the Energy sector, we have been able to find opportunity in re-engineering of resource-in-place assets. in well established Oil & Gas regions of the United States.

Since then, We have established a clearly defined strategy to acquire, enhance and develop high-quality, resource-in-place assets. Weve focused our acquisition efforts in well established Oil & Gas regions of the United States, including the Permian Basin and have recently expanded our ownership interests outside the United States. With recent acquisitions in Canada and Indonesia we continue to grow our production base, in such plays as the significant producing formations like the Bakken play.   With a clearly defined strategy to acquire, enhance and strong focus on acquiring high-quality, resource-in-play assets.

Southwest Saskatchewan/Southeast Alberta

Our southwest Saskatchewan/ southeast Alberta assets are located in the Basal Mannville and Bakken resource plays. We own a 28% non-operated interest in three separate leases that are all currently producing. With 94% of the land located on the Saskatchewan side of the border; the three leases show a significant potential for infill drilling and EOR implementation to maximize the production levels of our assets.  Our Basal Mannville play is currently waterflooded the current operator has begun implementing a growth plan that includes increased drilling activity and further expansion and development of the waterflood program which has shown significant improvements in decline rates and estimated recovery factors.  The Bakken Play has not implemented any significant enhanced recovery methods to date but are indicating positive results through preliminary testing.  With a total of 64 sections (approximately 41,526 acres) of land (62 net sections), there are also approximately 34 sections of undeveloped land.

SUMATRA

Through the recent acquisition of Bow Energy Ltd., Petrolia Energy holds a significant interest in both conventional and non-conventional PSCs and a non-conventional JSA in the Sumatra region of Indonesia.