PTLD .41...these types of contracts are going to change the dynamics here for PTLD quite a bit...i have followed this company for years....and always made money on this stock....kicker here is that there are only 2.8m shares outstanding and they declare on only 2.4m...and there is no pref....on a run earlier this year in March the momentum, caused by demand and so few shares avail, got it as high as 4.00...unfortunately for me i was out at 2.00...now w/this new service they will be putting up some solid numbers in addition to their oil/gas holdings which do produce....and they state more contracts are coming...as this is a conservative mgmt company i believe the contracts will in fact come in........vol is already 80,000 and stock is up .08 at .41...
Petrol Industries Announces Their First Service Contract, Which Should Yield Over 2 Million Annually
Tuesday August 23, 6:00 am ET
SHREVEPORT, La.--(BUSINESS WIRE)--Aug. 23, 2005--Petrol Industries, Inc. (OTCBB:PTLD - News) announced today that the Company has signed an exclusive service contract with Four Star Oil Company. Petrol Industries will provide all labor, equipment and oilfield services to Four Star which will enable them to put their oil and gas leases in full operation.
Petrol Industries' management stated, "With this first contract alone, we could generate approximately $190,000.00 or more per month in revenue and over $2,280,000 annually. This excludes the sale of parts, which could produce an additional $50,000.00 per month gross."
Management also stated that this is a first of a series of service contracts that Petrol Industries will be announcing. The Company will be filing an 8K within the next week which will demonstrate how Petrol has reversed its financial outlook of negative losses to asset positive. The Company is also discussing the possibility of acquiring all shareholder stock holdings with 5 shares or less.
About Petrol Industries, Inc.
Petrol Industries is a provider of products and services to the oil and gas industry. The Company provides and integrates products and services through exploration, development, production, operation and maintenance in the Louisiana and Texas regions. |
