HOUSTON, TX--(Marketwired - September 19, 2016) - Petrolia Energy Corporation's (OTC PINK: BBLS) (OTCQB: BBLS) ("Petrolia" or the "Company"), stock will trade on the OTCQB® Venture Marketplace (OTCQB) beginning tomorrow, September 20, 2016, at 8:30 a.m. Central Daylight Time (9:30 a.m. Eastern Daylight Time). The ticker symbol for Petrolia's stock will remain "BBLS".
The Securities and Exchange Commission (SEC) considers the OTCQB an "established public market" for the purpose of determining the public market price when registering securities with the SEC for resale.
Zel C. Khan, Petrolia's President and CEO, commented, "We believe that uplisting onto the OTCQB Venture Marketplace will enable Petrolia's story to reach a larger institutional and private investor audience. We are optimistic that listing on the OTCQB will help drive Petrolia value due to the exchange's stringent financial reporting standards, management certification, compliance requirements, trading liquidity, and broader investor appeal. We see this uplisting as the next logical step as we continue to implement our business model and create a world-class energy company for our shareholders."
For additional information, please refer to Petrolia's filings with the SEC, which can be accessed on our website at www.petroliaenergy.com.
Petrolia Energy Corporation (OTCQB: BBLS) trades on the OTCQB Venture Market for early stage and developing U.S. and international companies. OTCQB listed companies are required to be current with SEC reporting requirements and undergo an annual verification and management certification process. Investors can find realtime quotes and market information for Petrolia on www.otcmarkets.com.
About Petrolia Energy Corporation
Petrolia Energy Corporation is headquartered in Houston, Texas, the energy capital of the world. With over 80 years of operational and management experience throughout the energy industry, the Company explores oil and gas development opportunities. Petrolia Energy's core focus is on the utilization of new technology as well as the implementation of its own proprietary technologies in order to improve the recoverability of existing oil fields.
Petrolia Energy Corporation's team of experts has an outstanding record of converting oil fields into compliant, producing, and profitable entities. Petrolia Energy Corporation is committed to achieving these results by being a good neighbor and partner in the communities in which we operate. This can only be achieved long term with regulatory compliant operations that embrace the concepts of environmental stewardship.
As excellent stewards to the environment, our goal is to improve the environment; both on the field and in the surrounding communities we serve. We firmly believe we can maximize a field's profitability for our shareholders while protecting the environment and enhancing the community.
Certain information in this press release constitutes forward-looking statements within the meaning of applicable securities laws, including, but not limited to, statements regarding well production, use of proceeds, future drilling, operating expenses, and additional funding. Any statement that does not contain a historical fact may be deemed to be a forward-looking statement. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "should," "expect," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential," or "continue," the negative of such terms, or other comparable terminology, although not all forward-looking statements contain such identifying words.
Forward-looking statements are subject to a number of assumptions, risks, and uncertainties, many of which are beyond the Company's control, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Such assumptions, risks, and uncertainties include, among others, those associated with exploration activities, oil and gas production, marketing and transportation, costs of operations, loss of markets, volatility of oil and gas prices, reserve and future production estimates, environmental risks, competition, inability to access sufficient capital from internal and external sources, general economic conditions, litigation, and changes in regulation and legislation. Readers are cautioned that the foregoing list is not exhaustive.
Additional information on these and other factors that could affect Petrolia's operations or financial results is available by contacting Petrolia. The forward-looking statements contained in this press release are made as of the date of this press release, and Petrolia does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by applicable law.
Source: Petrolia Energy Corporation