Grid Petroleum Corp. (GRPR) Updates Operations in Texas and California
Grid Petroleum Corp. reported on the company’s oil and gas operations in the United States. The company is involved in various exploration and development projects in California and Texas. Grid Petroleum is working on final negotiations with a private oil and gas company on purchasing a 5,000 acre lease tract in the central portion of Texas. The company estimates that the property may hold reserves of approximately 20 million barrels of oil and 15 billion cubic feet of natural gas. Grid Petroleum said that the Central Texas property has multiple drilling opportunities for a number of different oil and gas…