PetroGas Company is an oil and gas exploration and production firm engaged in acquiring developing and operating oil and gas leases primarily in Texas. The company was originally incorporated as Alazzio Entertainment Corp in 2014 and later changed its focus to energy assets after acquiring oil and gas leases in 2015. It holds a 99 point 5 percent working interest in three producing leases covering 714 acres in the Eagle Ford Shale formation located in Atascosa and Frio Counties Texas. These leases are known as the Burns C Theo Rogers C and Theo Rogers A and D leases and provide access to the Kyote field Olmos D reservoir. In addition PetroGas Company owns a 94 percent interest in Seabourn Oil Company LLC a Texas limited liability company. The firm also maintains various overriding royalty interests and royalty interests in properties located in Texas Ohio and Utah. The firm continues to evaluate additional lease opportunities in the Permian Basin and the Rocky Mountain region to diversify its asset base. PetroGas Company maintains a lean organizational structure with a small executive team focused on acquisition evaluation and investor relations.

PetroGas Company generates revenue from the sale of crude oil and natural gas produced from its working and net revenue interests in its leased properties. The company’s income stream includes proceeds from the sale of oil and gas from the Burns and Rogers leases in Texas. It also receives payments from overriding royalty interests associated with leases in Oklahoma Texas and Utah. Additional revenue is derived from royalty interests acquired in Texas and Ohio which provide a share of production without operational costs. The firm does not operate midstream or downstream facilities and relies on third party purchasers for its hydrocarbons. The company periodically reviews its royalty portfolios for potential divestiture to generate non operating cash flow. PetroGas also explores joint venture arrangements with partners to share development costs on selected leases.

PetroGas Company operates as a small cap independent producer in the highly competitive United States oil and gas sector. It faces competition from larger integrated companies such as ExxonMobil Chevron and from independent producers like Continental Resources EOG Resources and Pioneer Natural Resources. The company’s strategy emphasizes acquiring distressed leases at discounted prices during periods of low commodity prices. This approach allows PetroGas to build a low cost reserve base without the need for substantial capital intensive drilling programs. By focusing on established plays such as the Eagle Ford Shale and the Kyote field the firm leverages existing infrastructure and service availability. Management believes that its disciplined acquisition model provides a competitive edge in securing value accretive assets. The company’s balance sheet remains relatively unleveraged providing financial flexibility to pursue acquisition opportunities. PetroGas believes that disciplined capital allocation and a focus on low cost assets will enable it to deliver long term shareholder value.

PetroGas Company sells its crude oil and natural gas to a variety of downstream customers including refiners petroleum marketers and utilities. These customers are primarily located in the Gulf Coast region and across the United States where demand for hydrocarbons remains steady. The company does not disclose the names of specific purchasers in its public filings. Its sales are typically conducted under short term contracts tied to prevailing market prices for oil and gas. By selling to a diversified buyer base PetroGas aims to reduce reliance on any single customer and to mitigate credit risk. The firm’s sales team works closely with purchasers to ensure timely delivery and accurate measurement of hydrocarbon volumes. PetroGas adheres to industry standard practices for quality testing and transportation of its crude oil and natural gas.