Petron Energy II, Inc. Reports Update on 2015 Plan

Petron II provides update on annual plan


DALLAS, Texas, Feb. 4, 2015 (GLOBE NEWSWIRE) -- via PRWEB - Petron Energy II, Inc. ("Petron II" or the "Company") (OTCQB: PEII) Petron Energy II, Inc. announces update on its 2015 plan.

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, the transportation of natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary. The Company's operations are based in the United States.

This morning, Petron Energy II, Inc. announced that on January 6, 2015 it reported on the company's 2015 Plan. The company stated that it would focus on three key areas, 1) Increasing daily production rates; 2) Improving financing flexibility and 3) Reducing liabilities.

Floyd Smith, President and CEO of Petron Energy II, Inc. states, "We are very excited to announce that we have engaged a consulting group which is assisting with designing our comprehensive approach to the three key components within the 2015 campaign. We are currently sourcing debt financing to address our immediate need to increase daily production rates. Additionally, we are moving expeditiously to begin reducing liabilities on our balance sheet; this process is expected to take a few months to complete. However, once completed we hope to possess a healthier balance sheet which will improve our financing flexibility and provide more debt financing opportunities to continue with the development of all lease assets."

With oil prices in the mid $40 range, Petron Energy II, Inc. believes that the timing could not be better to pursue shallow well acquisitions.

Floyd Smith, President and CEO of Petron Energy II, Inc. goes on to say, "As a way to increase production immediately we have identified and started our due diligence process on two shallow well acquisitions which has existing production and drilling locations. We believe with oil price in the mid $40 range that this is a buyers' market and acquisitions are very key to creating value both in terms of revenue and asset growth. We strongly believe that completing our three key goals in 2015, we have a great opportunity to create value in the company."

The Company will report results as soon as they are available.

About Petron Energy II, Inc.:

Petron Energy II, Inc. is a Dallas-based, oil and gas exploration and production company. For further information about the company, please visit our website http://www.petronenergyii.com.

Contact:
Investor Relations Contact:
Synergy: 888-259-9173

Notice Regarding Forward-Looking Statements

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. Forward-looking statements are based on current expectations rather than historical facts and they are indicated by words or phrases such as "anticipate," "could," "may," "might," "potential," "predict," "should," "estimate," "expect," "project," "believe," "plan," "envision," "continue," "intend," "target," "contemplate," or "will" and similar words or phrases or comparable terminology. We have based such forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward- looking statements are only predictions and involve known and unknown risks and uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, many of which are beyond our control. These factors include, but are not limited to, the time to consummate the proposed development, completion and extraction; the timing and extent of changes in market conditions and prices for natural gas and oil; the timing and extent of the company's success in discovering, developing, producing and estimating reserves; the economic viability of, and the company's success in drilling, the company's ability to fund the acquisition, development, completion and extraction of oil and gas assets and the company's planned capital investments; the company's future property acquisition or divestiture activities; increased competition; and any other factors listed in the reports the company has filed and may file with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on these forward-looking statements, which reflect the company's expectations only as of the date they were made. The company undertakes no obligation to update or revise any forward-looking statements to reflect new information or the occurrence of unanticipated events or otherwise.

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