Petrox Resources Corp.

TSX VENTURE : PTC


Petrox Resources Corp.

June 02, 2014 16:30 ET

Petrox Resources Announces the Acquisition of Producing Properties

CALGARY, ALBERTA--(Marketwired - June 2, 2014) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.

Petrox Resources Corp. (TSX VENTURE:PTC) (the "Corporation" or "Petrox") is pleased to announce that, further to its news release of May 21, 2014, the Corporation has now completed the acquisition of certain oil and gas properties located in the Fletwode area of Saskatchewan for $2,100.000. These properties include six oil producing wells with a combined producing rate of approximately 40 barrels per day and a total proven plus probable reserve of 166 mbbl.

"We are very excited to complete this acquisition. With this acquisition completed, we will continue to look for further opportunities for company growth and development," said Edwin Tam, the President and CEO of Petrox.

Neither the TSX Venture nor its regulation services provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Petrox Resources Corp.
    Edwin Tam
    President and CEO
    (403) 270 - 2290 or (403) 237 - 8330
    (403) 228 - 3013 (FAX)

    Petrox Resources Corp.
    Alan Chan
    CFO
    (403) 270 - 2290 or (403) 237 - 8330
    (403) 228 - 3013 (FAX)
    www.petroxresources.ca