Precision Petroleum (OTCBB: PPTO) Highlighted as Oil Penny Stock With Huge Upside Potential

Oil Penny Stock Precision Petroleum PPTO.OB leads the stocks to watch on our oil penny stocks list at Wall Street Grand. Wall Street Grand LLC, a leader in Investor Relations in the small-cap arena, is pleased to announce to the investment community and Wall Street Grand club members that it has initiated coverage on Precision Petroleum Corp. - OTCBB: PPTO. To view our profile sign up to our winning stock newsletter at www.WallStreetGrand.com.

Gerard Adams, President of Wall Street Grand LLC, stated "I have been telling our members to play oil since $35 from our oil report (http://www.wallstreetgrand.com/oilprofile.html). The main thing that caught my eye when researching PPTO was the fact that the company was making major acquisitions of already producing wells that are making money. Many small-cap companies acquire acres of land that they have to develop and drill to find out if there is oil in the ground but PPTO is one step ahead. Also, technically PPTO is trading near its 52 week low and whenever it has gone to this level it has found its has made a nice bounce. In my opinion, I think we could see a big bounce from the current support level."

Just recently, PPTO announced that they have acquired an 88% working interest of the White No. 12-1 Well in Pottawatomie County, Oklahoma. This well has been online for one year and it has previously generated over $200,000 in net profits! Based on current production records, The White 12-1 already produces in excess of 300 barrels per month! Operating and lifting costs are at industry minimums. In addition, the Company has a salt water disposal (SWD) well nearby at its disposal for direct injection. The importance of onsite water disposal facilities is critical for reduced costs and environmental purposes. Check it out - http://finance.yahoo.com/news/Precision-Petroleum-iw-1800487288.html?x=0

The President of the company, Richard Porterfield, stated "The Company has to date acquired 11 producing leases and will continue to search out further producing locations."

Also, PPTO recently acquired a working interest in an oil and gas lease in Garvin County, Oklahoma which represents the 13th working interest purchased by the Company just in the past few months!

PPTO is an independent energy company engaged in the acquisition, exploration and development of oil and natural gas properties in North America. PPTO's objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low risk opportunity. As well, PPTO aims to define larger projects that can be developed with Joint Venture partners.

PPTO has entered into a joint venture agreement which grants the company first right of refusal on a Montana based oil, Gas and Coal property. Phase 1 of this project is with focus on developing an initial 1600 acre segment after an in depth engineering program. From data obtained by the engineering program results, this 1600 acre's is where management intends to drill the first 10 wells.

Add PPTO to your radar immediately and start your research!

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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.

Disclaimer:

Wall Street Grand's stock profiles are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company.  Wall Street Grand has been compensated Forty-Five thousand dollars by a third party, BTL Media Corp. for a one month contract on PPTO. Never invest into a stock we discuss unless you are prepared to lose your entire investment. WSG may or may not trade the stocks mentioned in this alert which can affect the price of the stock. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country. For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html