Petrolia Energy Corporation (OTCMKTS:BBLS) Files An 8-K Financial Statements and ExhibitsItem 9.01 thereof to include the required financial statements and pro forma financial information. This Current Report on Form 8-K does not amend or modify the Original Report, except as to Item 9.01.
The title “SUD’s Properties” represents the oil and gas-producing properties included in the Purchase and Sale agreement. Note that from January 1, 2015 through March 2015, SUD’s Properties were owned by, and the accounting records were included in, Jovian Resources LLC. During this period, Jovian Resources LLC owned additional oil and gas properties (working interests) to the SUDS Properties that were sold to Petrolia Energy Corporation.
Item 9.01 Financial Statements And Exhibits.
(a)Financial Statements of Businesses Acquired
The Audited Statements of Direct Revenues and Operating Expenses for the years ended December 31, 2015 and 2014, and the notes thereto, relating to the Acquired Assets, including the related report of the independent registered public accounting firm, are filed as Exhibit 99.1 to this Form 8-K/A. The Unaudited Statements of Revenues and Direct Expenses for the Six Months ended June 30, 2016 and 2015, are filed as Exhibit 99.2 to this Form 8-K/A.
(b) Pro Forma Financial Information.
The Unaudited Pro Forma Combined Statement of Operations of Petrolia Energy Corp. as of December 31, 2015 and Unaudited Pro Forma Combined Statements of Operations for the six months ended June 30, 2016, are filed as Exhibit 99.3 to this Form 8-K.
(d) Exhibits
Petrolia Energy Corp ExhibitEX-99 2 ex99-1.htm EX-99.1 Petrolia Energy Corporation 8-K Exhibit 99.1 PETROLIA ENERGY CORPORATION FINANCIAL STATEMENTS REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Stockholders Petrolia Energy Corporation Houston,…To view the full exhibit click here
About Petrolia Energy Corporation (OTCMKTS:BBLS)
Petrolia Energy Corporation, formerly Rockdale Resources Corporation, is a domestic oil exploration and production company. The Company focuses on new oil wells in established areas of oil production. It is focused on acquisitions in the Southwest United States. The Company’s core area of operations is in the Minerva-Rockdale Field in Rockdale, Texas. The Company’s lease position offers the potential for approximately 100 new drilling locations. The Minerva-Rockdale Field is located approximately 30 miles Northeast of Austin and approximately 50 square miles in size. The main producing formation for this field is the Upper Cretaceous Navarro Group of sands and shale’s. The Company’s Slick Unit Dutcher Sands (SUDS) Field consists of approximately 2,600 acres located in Creek County, Oklahoma. Twin Lakes San Andres Unit (TLSAU) Field is approximately 50 miles from Roswell, Chavez County, New Mexico and consists of approximately 4,870 acres with over 130 wells.
