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): May 8, 2017
 
PETRO RIVER OIL CORP.
(Exact name of Registrant as specified in its Charter)
 
 
Delaware
000-49760
98-00611188
(State or other jurisdiction
of incorporation)
(Commission File No.)
(IRS Employer
Identification No.)
 
205 East 42nd Street, Fourteenth Floor
New York, NY 100017
 
(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))
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2) ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

 
 

 
 
 
Item 8.01 Other Events.
 
Petro River Oil Corp. (the  Company ) issued a press released dated May 8, 2017 announcing a new oil field discovery  in its’ concession in Osage County, Oklahoma . 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.
 
 
 
 
 
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: May 8, 2017
 
By:
 /s/ Scot Cohen
 
 
 
Scot Cohen
 
 
 
Executive Chairman
 
 
 
 
 
 
 
 
 
 
Exhibit Index
 
 
 
 
Exhibit No.
 
  
Description
 
99.1
  
Press Release, dated May 8, 2017
 
 
 
 
 
Exhibit 99.1

FOR IMMEDIATE RELEASE
 
PETRO RIVER DISCOVERS OIL FIELD IN OSAGE COUNTY, OKLAHOMA
 
CONFIRMS EXPLORATION TECHNIQUE UTILIZING 3D SEISIMIC TECHNOLOGY; PLANS TO SPUD ADDITIONAL WELLS IMMEDIATELY
 
NEW YORK, NY, May 8, 2017  Petro River Oil Corp . (OTCBB: PTRC) (“Petro River” or the “Company”), an independent oil and gas exploration company, announced today a new oil field discovery in its’ 106,500 acre concession in Osage County, Oklahoma upon successfully drilling the Chat 2-11 exploration well.
 
The Chat 2-11 was drilled to a depth of 2,800 feet into the Mississippian Chat. Initial results indicate up to 20 feet of oil productive formation, following flow and fracking tests, the Company plans to confirm IP rates. Additional wells are being planned to evaluate the extent of this chat field discovery.
 
The Company is also planning to drill the Channel 1-3 to test a Red Fork channel sand and the Chat 1-30 to test a separate chat field. These structures were identified utilizing 3D seismic technology, indicating a potential of over 2.5 million barrels of oil.
 
“This discovery confirms that our exploration technique utilizing 3-D seismic is working,” said Stephen Brunner, president of Petro River. “We plan to spud two other wells, the Channel 1-3 based on the data from logs of the Channel 1-11 which found approximately 45 feet of tight non-productive Red Fork sand, and the Chat 1-30 a separate chat structure test. Also, we plan to shoot more seismic along the southern part of our concession later this year.”
 
ABOUT: PETRO RIVER OIL CORP (OTC: PTRC)
 
Petro River Oil Corp. (OTC: 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. Petro River owns a 20% equity interest in Horizon Energy Partners, LLC and its’ president, Stephen Brunner, is also a member of the Board of Managers of Horizon Energy Partners, LLC.
 
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