Petro River Oil Corp (OTCPK:PTRC) insider have most recently took part in a trading activity. On Jan 2, 2018 Cohen Scot, EXECUTIVE CHAIRMAN bought 36,218 shares having total worth of $51,792 at the price of $1.43 per share, following the transaction a total of 2,979,951 shares owned by Cohen Scot.
Petro River Oil Corp, formerly Gravis Oil Corp is a corporation organized under the laws of the Province of Alberta, Canada. It was originally incorporated under the Company Act on February 8, 2000 under the name ‘Brockton Capital Corp.’ Its main business activity has been the acquisition, exploration and development of a number of unproven heavy oil properties in the United States. Its activities to date have included analysis and evaluation of technical data, preparation of geological models, acquisition of mineral rights, exploration and development drilling, conceptual engineering, construction and operation of thermal demonstration projects. It is a non-conventional oil company with emphasis on North American heavy oil projects. It has operatorship of, and own prospective oil and gas leases in Missouri, Kansas, Kentucky and Montana. The principal market that it competes in is the North American energy market, specifically the North American oil market. Its business model is dependent on the use of thermal recovery technologies to recover previously uneconomic oil and gas reserves that have now been made economically viable by increases in the price of oil and the development of new technologies in Canada.
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