Oil and Gas

Grid Petroleum Corp. (OTC:GRPR) reported the development of the Kreyenhagen Trend acreage and also progressed through its Joint Venture Partner Solimar Energy Limited.

Grid Petroleum Corp. (OTC:GRPR) reported the development of the Kreyenhagen Trend acreage and also progressed through its Joint Venture Partner Solimar Energy Limited.

The press release is quoted as saying:

Solimar Energy is the “Operator” of the 4,000 acre Kreyenhagen Trend leases and as such determines the overall timing of the development plan and work schedule for the Kreyenhagen Trend acreage.It is anticipated that an initial technical study and drill site selection will begin as early as October of 2011. Permitting will take place upon completion of drill site selection.
Grid Petroleum continues to benefit by the data collection and further development of Solimar’s other holdings in the San Joaquin Basin of central California, in particular the nearby 10,000 acre Kreyenhagen Ranch property

Click here to access the entire press release

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