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Petrolia Energy Corp
710 N Post Oak, Suite 400
Phone: (832) 941-0011p:832 941-0011 HOUSTON, TX  77024  United States Ticker: BBLSQBBLSQ
Filed for Bankruptcy on 8/6/2024
Case #24-33653, filed in the U.S. Bankruptcy Court for the Southern District of Texas (Houston)(Chapter 7)
Business Summary
Petrolia Energy Corporation is engaged in oil and gas exploration, development, and production. The Company's Slick Unit Dutcher Sand (SUDS) field is located in Creek County, Oklahoma. It is approximately 1,670 acres and the SUDS East unit is approximately 860 acres. Its Twin Lakes San Andres Unit (TLSAU) field is located in Chaves County, New Mexico. The Company has a 25% working interest in approximately 41,526 acres in the Luseland, Hearts Hill, and Cuthbert fields, located in Southwest Saskatchewan and Eastern Alberta, Canada. The Company has a 50% working interest in approximately 28,000 acres located in the Utikuma Lake area in Alberta, Canada. The property is an oil-weighted asset producing a total of approximately 500 Barrels Per Day (bpd) of light oil. The Company's subsidiary, Askarii Resources LLC, is a private Texas-based oil and gas service company.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/202312/31/2022YesYesYes--

Industries
SIC Code Description
1311 Crude petroleum and natural gas
5020 Furniture and homefurnishings

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board James E.Burns 53 5/1/2018
Chief Executive Officer Mark A.Allen 9/1/2021 9/15/2020
Independent Director IvarSiem 77 4/12/2018 4/12/2018
Independent Director Leo B.Womack 77 12/31/2018 8/16/2014
Director/CEO Leo B.Womack 77 12/31/2018 8/16/2014

Business Names
Business Name
Askarii Resources, LLC
BBLS
BBLSQ
4 additional Business Names available in full report.

General Information
Outstanding Shares: 199,375,604 (As of 11/15/2023)
Shareholders: 279
Stock Exchange: OTC
Federal Tax Id: 861061005
Fax Number: (512) 697-8466


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Wednesday, November 20, 2024