OPERATIONS

Tennessee Colony Field Project

Petralis Energy Resources (PER) purchased 2,680 acres held by 6 producing wells on June 16th, 2019

Petralis has spent roughly $1.4mm on the purchase on a Phase I

The next Phase II will include:

Three horizontal wells (1 – Lower Rodessa (Gloyd), 2 – Middle Rodessa (Oil Shale))