Last C$0.51 CAD
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As of 3:03 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

petra petroleum inc (PTL) Snapshot

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07/15/14 - C$0.58
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petra petroleum inc (PTL) Details

Petra Petroleum Inc. is engaged in the evaluation, acquisition, exploration, and development of oil and gas properties primarily in Mediterranean, north Africa, and the Middle East regions. The company was formerly known as Fortress Petroleum Inc. and changed its name to Petra Petroleum Inc. in August 2008. Petra Petroleum Inc. is based in Vancouver, Canada.

Founded in 1988

petra petroleum inc (PTL) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$300.0K
Chief Financial Officer
Total Annual Compensation: C$75.0K
Chairman of the Board and Member of Compensat...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

petra petroleum inc (PTL) Key Developments

Petra Petroleum Inc. Signs Lease Agreement with Greek Government for Ioannina Block

Petra Petroleum Inc. announced that the Greek Government signed a Lease Agreement for the Ioannina block with the consortium of Petra Petroleum and Energean Oil & Gas. Ioannina is an onshore block, located in Epirus, North Western Greece, covering an area of 4,187 square kilometers. The area has analogues of proven and producing oil fields in Albania, Italy and the wider region of the Adriatic Sea, leading Energean and Petra to estimate that up to 100 million barrels of oil or 2 trillion cubic feet of natural gas could potentially be discovered. The investment programme for the planned three exploration phases over 7 years, will consist of 2D seismic data reprocessing, geological surveys, new seismic data acquisition in the 1st phase and the drilling of two wells during phases 2 and 3. The consortium consists of Petra Petroleum (20% working interest) and Energean (80% working interest and Operator). The lease agreement is subject to Greek Parliament ratification.

Petra Petroleum Inc. Appoints Pete Hughes as Vice President, Corporate Development

Petra Petroleum Inc. announced that Mr. Pete Hughes has been appointed as Vice President, Corporate Development with immediate effect. Mr. Hughes has a strong business development, commercial and executive management background. He has over 40 years of international petroleum industry experience, including 18 years in a variety of senior commercial and management roles with Texaco Inc., where he was Vice President, Contracts and Negotiations in the Worldwide Growth Division. Subsequently, Mr. Hughes was CEO of Penton Energy Inc. and Concorde Oil & Gas PLC. His most recent position was as an advisor to Wintershall's Global Business Unit in Germany, which was responsible for the company's new country entry strategy development and execution.

Petra Petroleum Inc., Annual General Meeting, Jan 15, 2014

Petra Petroleum Inc., Annual General Meeting, Jan 15, 2014., at 09:30 Pacific Standard Time. Location: Suite 1703, 595 Burrard Street. Agenda: To receive the audited consolidated financial statements of the corporation for the financial year ended August 31, 2013; to fix the size of the board of directors of the corporation at five members; to elect the board of directors for the ensuing year; to appoint Davidson & Company LLP, Chartered Accountants, as the auditors of the corporation for the ensuing year, at a remuneration to be fixed by the board of directors; to consider and, if thought appropriate, to pass, with or without variation, an ordinary resolution approving the stock option plan of the corporation; and to transact such other business as may be properly brought before the Meeting or any adjournment thereof.


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