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.

To read more, click here.

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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.

To read more, click here.

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Grid Petroleum Corp: Enters into Letter of Intent to Acquire a 10 % Working Interest in the Garcia #3 Well

DENVER, May 3, 2012 /PRNewswire/ – Grid Petroleum Corp. (GRPR.OB) : The Board of Directors are pleased to announce that Grid Petroleum has entered into a letter of Intent to acquire a Ten percent working interest, Seven point five percent net revenue interest, from a third party interest holder of the Garcia #3 well. (10.0 % WI, 7.5% NRI)

This Letter of Intent is subject to the establishment of an acceptable, ironclad drilling start date for the Garcia #3 Well, which start date is to be determined and agreed to prior to definitive documentation completion.

It is anticipated that the drilling start date will be announced and the closing of this transaction will take place prior to May 10, 2012.

To read more, click here.

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