Petro River Announces Update on New Osage Drilling Program

NEW YORK, April 9, 2019 /PRNewswire/ — Petro River Oil Corp. (PTRC) (“Petro River” or the “Company”), an independent oil and gas exploration company that utilizes 3D seismic technology to discover and develop oil and gas reserves in proven oil and gas basins, is pleased to provide an update on the progress of its drilling program in Osage County, Oklahoma.

In March 2019, the Company successfully completed drilling the South Red Eagle 3-35 well located in the West Blackland field in Osage County. This is the first of ten wells the Company plans to drill in 2019. The Company currently expects that the next two wells will be drilled in April 2019. The Company will announce initial production rates following completion of these initial three wells.

“We are happy with the progress of our 2019 drilling program in Osage County. We look forward to further development of our domestic operations in Osage County, Oklahoma as well as Horizon Energy Partner’s operations in Kern County, California, and the offshore projects in the North Sea, both Denmark and the United Kingdom,” said Stephen Brunner, President of Petro River.

About Petro River Oil Corp (PTRC)

Petro River Oil Corp. (PTRC) is an independent energy company with core holdings in Osage County, Oklahoma. Petro River’s strategy is to apply modern technology, including 3D Seismic analysis, to exploit hydrocarbon-prone resources in historically prolific plays and under-explored prospective basins to build reserves and to create value for the Company and its shareholders. Petro River owns a 14.52% equity interest in Horizon Energy Partners, LLC, and the Company’s president, Stephen Brunner, is also a member of the Board of Managers of Horizon Energy Partners, LLC. For more information, please visit our website at http://www.petroriveroil.com/.