We have excellent connections in the “patch”, and they all are confirming that now is the time to acquire existing proven reserves and be in the oil business as an operator. The downturn took the heat out of the market and returned acquisition prices for producing reserves to reasonable levels. Our methodology is simple. We look for troubled proven reserves in fields shut in due to bankruptcies, environmental issues, and/or poor management.
We then study, calculate, and acquire reserves through our interests in Petrolia Energy, Inc. Leo Womack is the Chairman of Petrolia Energy Corp. a microcap, fully reporting, bulletin board company (OTCBB: BBLS). We operate three fields, located in Texas, Oklahoma, and New Mexico with 1P reserves in excess of 5 million barrels of oil. Full details are available at www.petroliaenergy.com.