Grid Petroleum Corp. (OTCBB: GRPR) has provided further details on its most recent acquisition of Joaquin Basin Resources Inc.
The acquisition of Joaquin Basin Resources and its mineral leasehold rights to approximately 4,000 acres of oil and gas property in the prolific central California San Joaquin Basin will complement Grid’s existing Jonah Field assets. The acquisition also confirms the company’s strategy of focusing on onshore oil assets in California, which the Grid believes is highly prospective.
The San Joaquin Basin is a world class oil and gas region, and is home ...