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To: GARY P GROBBEL who wrote (40448)9/27/2005 11:28:48 AM
From: GARY P GROBBEL  Read Replies (1) | Respond to of 120411
 
ELC now up .08 to .84...see pr...prior posts



To: GARY P GROBBEL who wrote (40448)9/28/2005 1:26:52 PM
From: GARY P GROBBEL  Read Replies (1) | Respond to of 120411
 
PTLD now offer .52...spiked to .77 couple of days ago and 4.00 earlier this year..i added here...am building quite a position...2.8m shares out, no pref..oil/gas prod plus field work...new mgmt predicting profitability by 3rd qtr-

Message 21740703








Press Release Source: Petrol Industries, Inc.

Petrol Industries to Provide Products and Services to the Oil and Gas Industries
Tuesday August 16, 1:50 pm ET

SHREVEPORT, La.--(BUSINESS WIRE)--Aug. 16, 2005--Petrol Industries (Pink Sheets::PTLD) announced today that the newly appointed Board of Directors has concluded from an extensive financial review of the company's infrastructure, Petrol Industries' focus will be to provide products and services to the oil and gas industries.
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Petrol Industries' recent change of management has resulted in a newly appointed Board of Directors whose main objective is to increase yearly revenues with a forecast of profitability by the end of the 3rd quarter.

The Company also announced that they are finalizing a contract with a mid-sized operator who will be using Petrol for all of its oilfield services. In addition, Petrol is in the process of expanding its equipment line with the acquisition of an additional drilling rig, pulling units, trucks and various downhole tools and parts. With the completion of the acquisition, Petrol Industries will be one of the largest contract service providers in the area.

Management was quoted as saying, "Due to the demand and higher energy prices, there is a severe shortage of oilfield equipment, pulling units and drilling rigs along with a lack of skilled labor. Many current lease owners lack the equipment and skilled professionals necessary to service their wells, therefore, are seeking independent contractors. Petrol Industries has had a reputation of having the expertise to handle such demands and the current market conditions are in a position to capitalize on it. By focusing on oilfield services, the Company is line to achieve a steady flow of revenue immediately."

About Petrol Industries, Inc.

Petrol Industries are 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.

Forward-Looking Statements