Grid Petroleum Estimated 41,000,000 Barrels Oil in Place

- May 3rd, 2011

Grid Petroleum Corp. (OTC:GRPR) completes the acquisition of Joaquin Basin Resources Inc.

Grid Petroleum Corp. (OTC:GRPR) completes the acquisition of Joaquin Basin Resources Inc.

The press release is quoted as saying:

The Company is pleased to announce that it has determined the primary asset of the company, the 4,000 acre Kreyenhagen Trend leases, contain the same target zones of production as the neighboring Kreyenhagen Ranch.

Click here to access the entire press release

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