Porto Energy Corp. (PNRXF)
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Porto Energy Corp. Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Joseph Patrick Ash CEO | OTC GREY Exchange | 736883109 CUSIP |
| US Country | 10 Employees | 15 Mar 2022 Last Dividend | - Last Split | - IPO Date |
Overview
Porto Energy Corp. stands as a development stage company primarily focused on the exploration of crude oil and natural gas within Portugal. Established in 1993 and operating out of its headquarters in The Woodlands, Texas, the company takes a significant stance in the energy sector through its exploration activities. With a portfolio that spans seven concessions, Porto Energy Corp. holds a 100% working interest in areas including Aljubarrota-3, Torres Vedras-3, Sao Pedro de Muel-2, Cabo Mondego-2, Rio Maior-2, Zambujal, and Peniche. These areas collectively cover an impressive expanse of approximately 1.6 million net acres in the Lusitanian Basin of Portugal, positioning Porto Energy Corp. as a key player in the exploration and potential development of energy resources in the region.
Products and Services
- Crude Oil Exploration - Porto Energy Corp. engages in the exploration of crude oil within the Lusitanian Basin of Portugal. This service is crucial for identifying viable sources of crude oil, potentially leading to the extraction and sale of oil, thus contributing to the global energy market.
- Natural Gas Exploration - Alongside crude oil, the company also explores for natural gas. This involves detailed geological and geophysical analysis to locate gas reserves which, if discovered in significant quantities, can be developed further for commercial use.
