Grid Petroleum Reports On Development Plan Of Unconventional Shale, Results Of Partners Meeting
DENVER, May 7, 2012 /PRNewswire/ — Grid Petroleum Corporation (OTC.BB: GRPR.OB) (“The Company”) is pleased to announce the following points of information and development which are the results of a Kreyenhagen Trend Partners meeting held in April of 2012.
Solimar Energy Limited as operator has been active on the Kreyenhagen Trend Prospect:
All Kreyenhagen Trend leases have been renewed with the first lease requiring payment at end of 2012 – Approximately $10,000 of lease payments will be due from Grid petroleum Corp in October 2012 as per the 2nd settlement agreement negotiated last fall.
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