OverviewSuggest Edit

Petro River Oil Corp. is an independent energy company focused on the exploration and development of conventional oil and gas assets with low discovery and development costs, with activities in Oklahoma and California in the United States, and Northern Ireland, Denmark and the U.K in Western Europe.

The company focuses on developing its existing properties while continuing to pursue acquisitions of oil and gas properties with upside potential. Petro River Oil Corp. intends to grow its resources and production through exploration activities and development of identified potential drilling locations, and through acquisitions that meet the Company’s strategic and financial objectives.

TypePublic
Founded2000
HQNew York, US
Websitepetroriveroil.com

Latest Updates

Employees (est.) (Apr 2019)4
Revenue (FY, 2019)$1.6 M(+128%)
Share Price (Jan 2020)$0.2 (+22%)

Key People/Management at Petro River Oil

Stephen Brunner

Stephen Brunner

President
David Briones

David Briones

CFO
John Wallace

John Wallace

Director
Frederick Zeidman

Frederick Zeidman

Director
Jonathan Rudney

Jonathan Rudney

Operating Partner
Mike MacKey

Mike MacKey

Operating Partner
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Petro River Oil Office Locations

Petro River Oil has offices in New York and Houston
New York, US (HQ)
Benjamin N. Cardozo School of Law/Brookdale Center, 55 5th Ave #1702
Houston, US
4582 Kingwood Dr Ste E, Kingwood
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Petro River Oil Financials and Metrics

Petro River Oil Revenue

Petro River Oil's revenue was reported to be $1.65 m in FY, 2019
USD

Revenue (Q2, 2020)

270.9k

Net income (Q2, 2020)

743.1k

EBIT (Q2, 2020)

(263.9k)

Market capitalization (8-Jan-2020)

3.1m

Closing stock price (8-Jan-2020)

0.2

Cash (31-Oct-2019)

754.4k
Petro River Oil's current market capitalization is $3.1 m.
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

436.4k184.7k372.2k2.1m87.9k26.6k723.4k1.6m

Revenue growth, %

1052%(96%)

General and administrative expense

1.9m623.1k4.2m4.6m3.1m4.1m3.6m1.7m

Operating expense total

1.9m623.1k4.2m4.6m3.1m4.1m3.6m1.7m
Quarterly
USDQ2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

104.8k87.3k117.7k1.0m1.2m488.3k62.8k18.3m5.4m7.1k8.8k16.2k250.9k574.1k410.4k340.0k322.5k270.9k

Cost of goods sold

3.0m

Gross profit

2.4m

Gross profit Margin, %

45%
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

300.3k5.7m8.4m1.0m774.8k631.2k47.3k1.2m

Accounts Receivable

302.5k31.4k52.0k42.7k8.4k308.1k129.0k

Prepaid Expenses

71.7k58.4k40.3k52.8k207.8k612.0206.2k

Inventories

25.0k
Quarterly
USDQ2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

6.2k47.7k5.0m4.2m9.2m3.4m2.7m1.5m763.3k526.1k1.3m2.8m2.0m1.4m1.2m462.9k844.5k4.6k101.2k2.1m1.1m754.4k

Accounts Receivable

45.1k21.1k43.8k819.0k277.8k134.9k903.08.0k9.8k8.7k18.4k106.0k211.2k194.5k118.3k102.4k93.9k

Prepaid Expenses

26.2k76.8k48.9k30.0k39.5k33.0k85.9k59.6k46.0k91.8k39.0k37.2k32.4k28.6k58.4k6.1k4.3k2.4k43.5k29.2k

Current Assets

32.3k124.5k5.1m4.2m9.3m4.3m3.2m1.8m940.6k25.0m11.5m8.5m7.6m29.0m30.6m30.3m2.1m221.9k384.9k2.3m1.2m877.8k
Annual
USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(10.1m)(2.3m)(9.0m)(6.3m)(12.0m)(2.6m)(20.3m)

Depreciation and Amortization

333.6k25.1k98.1k722.7k281.8k25.9k157.4k683.2k

Accounts Payable

697.9k99.5k

Cash From Operating Activities

(3.6m)(670.2k)(2.9m)(3.4m)(1.8m)(2.2m)(346.4k)(468.5k)
Quarterly
USDY, 2019

Financial Leverage

1.4 x
Show all financial metrics

Petro River Oil Online and Social Media Presence

Embed Graph

Petro River Oil Blogs

North Sea Oil: A Resurgent Benchmark Basin

Credit: The Intercontinental Exchange Crude oil from the North Sea forms the basis for global oil prices and is the foundation of the Brent crude oil price. The durability of this price benchmark comes from its ability to reflect global market conditions and its seaborne capacity which means it can …

World Will Continue to ‘Gulp’ North Sea Oil, OPEC Chief says

Credit: David McPhee, Energy Voice The world will continue to “gulp” North Sea oil despite the growth of other energy markets, according to the Organisation of Petroleum Exporting Countries’ (OPEC) chief. Mohammed Barkindo, secretary general for OPEC, said that leading up to 2040 oil and gas will co…

Giant North Sea Redevelopment Can Help End False Perceptions, says Former Oil Boss

Credit: Allister Thomas, Energy Voice A giant North Sea project could help disprove false perceptions on redeveloping old fields, according to a former oil boss. It was only last year that exploration drilling hit rock bottom in the UK sector with just eight wells drilled, the lowest level since the…

Exploration: Do Not Write the North Sea Off

Credit: Allister Thomas, Energy Voice New North Sea discoveries have acted as a “beacon” for the rest of the industry, according to the Oil and Gas Authority’s (OGA) head of exploration. It was only last year that exploration drilling hit rock bottom in the UK sector with just eight wells drilled, t…

UK Oil Production Up 9% In First Quarter

Credit: Tsvetana Paraskova, OilPrice The UK’s crude and natural gas liquids (NGL) production increased by 9 percent annually to reach 1.18 million bpd in the first quarter of 2019, S&P Global Platts quoted statistics from the UK Department of Business, Energy & Industrial Strategy as showing…

Petro River Announces Update on Successful California Drilling

Grapevine and Mountain View Projects Gain Traction in 2019 New York, NY, March 12, 2019 Petro River Oil Corp. (PTRC) (“Petro River” or the “Company”), an independent oil and gas exploration company that utilizes 3D seismic technology to discover and develop oil and gas reserves in proven oil and gas…
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Petro River Oil Frequently Asked Questions

  • When was Petro River Oil founded?

    Petro River Oil was founded in 2000.

  • Who are Petro River Oil key executives?

    Petro River Oil's key executives are Stephen Brunner, David Briones and John Wallace.

  • How many employees does Petro River Oil have?

    Petro River Oil has 4 employees.

  • What is Petro River Oil revenue?

    Latest Petro River Oil annual revenue is $1.6 m.

  • What is Petro River Oil revenue per employee?

    Latest Petro River Oil revenue per employee is $411.3 k.

  • Who are Petro River Oil competitors?

    Competitors of Petro River Oil include Abraxas, Petroquest Energy and Maverick Natural Resources.

  • Where is Petro River Oil headquarters?

    Petro River Oil headquarters is located at Benjamin N. Cardozo School of Law/Brookdale Center, 55 5th Ave #1702, New York.

  • Where are Petro River Oil offices?

    Petro River Oil has offices in New York and Houston.

  • How many offices does Petro River Oil have?

    Petro River Oil has 2 offices.