PTOG – Oil Production Tanks Ordered, and Roads Are Being Set for the New Lease Acquisition at PetroTech Oil and Gas in Nowata, Oklahoma

BEDFORD, Texas, October 24, 2013 /PRNewswire/ — PetroTech Oil and Gas, Inc. (OTC: PTOG) announces they have ordered New Oil Production Tanks, and roads are being set at their new acquisition in Nowata, Oklahoma. Salt-water tanks have already been delivered and the reworking of the first five wells of their new acquisition of the 80-acre lease in Nowata, Oklahoma is under way. The lease known, as the Brown lease, has 12 existing oil and gas wells and one disposal well that PetroTech and Cavu Resources, has begun reworking. The project is an expected $400,000 investment with over $175,000 committed to date, with an expected first five wells online within 30 days, and the balance of the 7 wells online by mid December, and a plan to have all wells producing anywhere from 270 Barrels per month to 600 Barrels per month, with revenue of $27,000.00 to $60,000.00 per month. Added with 4 gas wells, which will bring in an additional $4000.00 a month.

http://www.publicwire.com/2013/10/24/ptog-oil-production-tanks-ordered-and-roads-are-being-set-for-the-new-lease-acquisition-at-petrotech-oil-and-gas-in-nowata-oklahoma/