UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  March 8, 2017

 

PETRO RIVER OIL CORP.

(Exact name of Registrant as specified in its Charter)

 

 

Delaware

000-49760

9800611188

(State or other jurisdiction

of incorporation)

(Commission File No.)

(IRS Employer

Identification No.)

 

55 5 th  Avenue, Suite 1702

New York, NY 10003

(Address of principal executive offices)


(469) 828-3900

(Registrant s Telephone Number)


Not Applicable

(Former name or address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))  





Item 8.01 Other Events.

 

Petro River Oil Corp. (the  Company ) issued a press release today announcing that the Bureau of Indian Affair s (BIA) Branch of Enforcement and Lease Compliance has completed an Environmental Assessment (EA) concerning the approval of drilling permits for the Company s Osage County, OK concession. A copy of the press release is attached hereto as Exhibit 99.1, and is incorporated by reference herein.


Item 9.01 Financial Statements and Exhibits.


See Exhibit Index.





Exhibit No.


  

Description


99.1

  

Press Release, dated March 8, 2017







SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 










 

 

PETRO RIVER OIL CORP.





Date: March 8, 2017

 

By:

 /s/ Scot Cohen

 

 

 

Scot Cohen

 

 

 

Executive Chairman

 

 

 













Exhibit Index

 




Exhibit No.


  

Description


99.1

  

Press Release, dated March 8, 2017






Petro River Satisfies Environmental Assessment Requirement for Drilling Permit

NEW YORK, NY, March 8, 2017 Petro River Oil Corp. (OTC Pink: PTRC) ( Petro River or the Company ), an independent oil and gas exploration company utilizing the latest 3-D seismic technology, announced today that the Bureau of Indian Affair s (BIA) Branch of Enforcement and Lease Compliance has completed an Environmental Assessment (EA) concerning the approval of drilling permits for the Company s Osage County, OK concession.

This is one of the final hurdles needed to obtain drilling permits in Osage and we are pleased to be in compliance with the BIA, which issued a Finding of No Significant Impact concerning our Pearsonia West concession, said Stephen Brunner, president of Petro River Oil.

We are fully funded for this phase of our Development program and look forward to the validation of our advanced technology exploration efforts, Brunner continued.

The document reads in part; Based on the [Finding of No Significant Impact], the BIA also determined that it is appropriate to approve the drilling permits for the well(s) described above.

The Pearsonia West Concession in Osage County, Oklahoma includes 106,500 contiguous acres centered on the structural trend of the Pearsonia-Blackland-Foraker fields.  These fields have produced in excess of 20 million barrels of oil through vertical well development and is close to fields that have produced 200 million barrels of oil through vertical production since the early 1900s.

The Company recently reprocessed 35 square miles of 3-D seismic data which defined 4,480 acres of structural closures and multiple Pennsylvanian channel and Mississippian chat formations.  As a result, Petro River and its operating partners are in the process of securing permits to drill four wells by April 2017.  The program will test the first 1,610 acres of the defined structural closure, which has prospective resource potential of 2.5 million barrels of oil.  Results are expected by June 2017.

An additional 55 square miles of 3-D seismic is planned to be shot by the Company in the southern portion of the concession in 2017. Assuming success in the initial drilling phase, the Company anticipates providing scalable and repeatable vertical drilling opportunities within the concession boundaries.

ABOUT: PETRO RIVER OIL CORP.

Petro River Oil Corp. (OTC Pink: PTRC) is an independent energy company with its core holdings in Northeast Oklahoma and Kern County, California. Petro River s strategy is to apply modern technology, such as 3-D Seismic analysis to exploit hydrocarbon-prone resources in historically prolific plays and underexplored prospective basins to build reserves and to create value for the Company and its shareholders.

For more information, please visit our website at  www.petroriveroil.com .





FORWARD-LOOKING STATEMENTS.

This news release contains forward-looking and other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward looking statements. These forward looking statements, projections and statements are subject to change and could differ materially from final reported results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. Petro River assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, Petro River undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect to the matters discussed above. Readers should also carefully review the Risk Factors in Petro River s annual report on Form 10-K, its quarterly reports on Form 10-Q, and other reports filed with the SEC under the Securities Exchange Act of 1934, as amended.

For additional information about Petro River Oil, please visit  http://petroriveroil.com/  or contact:

Investor Relations

ir@petroriveroil.com

telephone: (469) 828-3900