Petrolia Energy, trading under the symbol BBLS on the OTCMKTS, is a Canada-headquartered upstream oil and gas company focused on the exploration, development and production of hydrocarbon resources. Its core activities encompass identifying onshore prospects, securing exploration and production licenses, and applying modern drilling and reservoir-management techniques to unlock value in both conventional and unconventional formations. The company seeks to advance its position through methodical seismic analysis, well drilling and production optimization.
A significant portion of Petrolia Energy’s operations is concentrated in the Banat region of Western Romania, where it holds several onshore exploration licenses in the Transylvanian Basin. These permits cover acreage with established lists of discovered hydrocarbons, enabling the company to pursue near-term production targets alongside exploratory drilling. In addition to its European footprint, Petrolia Energy maintains interest in select North American assets, including appraisal and development leases in the United States where it applies horizontal drilling and hydraulic fracturing to extract unconventional gas and oil.
Established in the late 1970s and rebranded over the decades to reflect its evolving global focus, Petrolia Energy has leveraged strategic acquisitions and farm-in agreements to build a diversified portfolio of upstream assets. The company’s history includes early-stage exploration in Western Canada before redirecting its capital to higher-potential emerging basins overseas. Investment in geological and engineering expertise has underpinned its ability to advance projects from seismic interpretation through to well completion and production ramp-up.
Petrolia Energy’s executive leadership team combines decades of upstream oil and gas experience, with backgrounds spanning petroleum engineering, corporate finance and international project management. The board and senior management drive an operational strategy centered on cost-efficient drilling, disciplined capital allocation and adherence to industry best practices in environmental and safety standards. With a focus on enhancing cash flow, growing reserves and de-risking exploration upside, the company aims to deliver sustainable long-term value for its shareholders.
AI Generated. May Contain Errors.
