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We were incorporated in Colorado in 2002. In 2015, the Company became active in
the exploration and production of oil and gas properties. In 2016 the Company
formally changed its name to Petrolia Energy Corporation and redomiciled from
Colorado to Texas.
Petrolia Energy Corporation explores for, develops, and produces crude oil,
natural gas liquids (NGLs) and natural gas in producing basins in the United
States of America and Canada. PEC's principal oil and gas assets are further
described in "Plan of Operation" below.
As of December 31, 2022, PEC's total estimated net proved reserves were 1,065
thousand barrels of oil equivalent (MBoe), of which approximately 1,060 thousand
barrels (MBbl) were crude oil and condensate reserves and approximately 29
million cubic feet (MMcf), or 5 MBoe, were natural gas reserves.
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