Wednesday, September 15, 2010

Beacon Equity Research Featured Company: Grid Petroleum Corp. (GRPR.OB)

Grid Petroleum is an oil and gas production company based in Denver and focused on North America, with its international headquarters in London.

Oil price volatility cannot change the fact that global energy demand continues to increase unabated, and GRPR is positioning itself to take advantage of this constantly rising energy demand from countries like China.

With assets in Wyoming’s premier gas field, the Jonah Field, including the primary SE Jonah Prospect (8-15 trillion cubic feet estimated) in the Greater Green River Basin in the Rocky Mountains, GRPR is well-positioned with 4,000 acres of high-impact, substantially proven acreage with the potential to support up to 300 wells. This gives GRPR a huge footprint in a relatively low-risk, world-class location that is flanked by some of the biggest names in the sector.

Organized around an acquisitive strategy which seeks out additional high-yield, low-cost assets, and which is squarely focused on boosting domestic US drilling in order to meet critical energy infrastructure demands, GRPR pursues growth through farm-ins, partnerships and outright acquisition.

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