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Petron Energy II, Inc. Announces Acquisition of New Lease in Oklahoma

Petron Energy II, Inc. Announces Acquisition of New Lease in Oklahoma

DALLAS, TX–(Marketwired – Jul 26, 2013) – Petron Energy II, Inc. (OTCBB: PEII) announces acquisition of new lease in Oklahoma.

Petron Energy II, Inc., together with its subsidiaries, engages in the acquisition and development of properties for the production of crude oil and natural gas, transporting natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary, in the United States.

Floyd Smith, President and CEO of Petron Energy II, Inc., states, “Recently we acquired the 200 acre ‘Applegate’ lease in Wagoner County, Oklahoma. Several possible reservoirs are present including the Pennsylvanian Dutcher, the Simpson Wilcox, Burgen, and Tyner sands.”

Smith goes on to say, “This type of lease is congruent with our development plan, in that it has ‘shallow’ oil and gas potential which can be water/natural gas flooded for maximum production rates.” Smith further states, “The Applegate lease is surrounded by the Dutcher reservoir, the Dutcher has been a proven oil and natural gas producing reservoir in the area since mid-1920 and is an excellent reservoir for flooding operations which is our specialty.”

NOTICE: This news release contains “forward-looking statements” (statements which are not historical facts) made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.