Petrotech to purchase Foxfire leases in Corsicana, Texas

PetroTech Oil and Gas Inc.

PetroTech Oil and Gas Inc. (OTC: PTOG) has entered into a letter of intent with Foxfire Inc. of Corsicana, Texas, to acquire Foxfire’s existing leases that contain two wells with a production of approximately 290 barrels of oil per month, and gross revenue of about $324,000 annually.

PetroTech plans to complete the transaction before year’s end.

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