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PTCO on OTC

PetroGas Co

PetroGas Co is an American crude petroleum and natural gas company, incorporated in Nevada.1 It is headquartered in Houston, Texas.1 Its shares trade on OTC under the symbol PTCO.1

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Last updated Oct 21, 2026.

Overview

$9.0KNet income, fiscal 20252

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  • TickerPTCO on OTC1
  • IndustryCrude Petroleum & Natural Gas1
  • HeadquartersHouston, Texas1
  • Incorporated inNV3
  • Business address2800 Post Oak Boulevard, Suite 4100, Houston, Tx 770563
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3

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We were incorporated under the name Alazzio Entertainment Corp. on January 24, 2014, under the laws of the State of Nevada. Our original business plan was to operate photo booth rentals.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Revenue5678$0 in 2022
0$500$1.0K$1.5K$2.0K2018: $1.5K$1.5K20182019: $1.6K$1.6K2019+3%2020: $166$1662020−89%2021: $0$020212022: $0$02022
Operating income56789-$140.0M in 2022+252669% since 2018
-$150.0M-$100.0M-$50.0M02018: -$55.4K-$55.4K20182019: -$39.0K-$39.0K2019−30%2020: -$119.3K-$119.3K2020+206%2021: -$26.7K-$26.7K2021−78%2022: -$140.0M-$140.0M2022+524118%
Net income56789-$140.1M in 2022+82252% since 2018
-$150.0M-$100.0M-$50.0M02018: -$170.1K-$170.1K20182019: -$157.2K-$157.2K2019−8%2020: -$220.4K-$220.4K2020+40%2021: -$116.5K-$116.5K2021−47%2022: -$140.1M-$140.1M2022+120108%
Fiscal year20182019202020212022
Revenue$1.5K5$1.6K6$1667$08$08
Gross profit
Operating expenses$140.0M9
Operating income-$55.4K5-$39.0K6-$119.3K7-$26.7K8-$140.0M9
Interest$115.6K5$89.0K6$101.1K7$31.6K12$57.0K9
Income tax
Net income-$170.1K5-$157.2K6-$220.4K7-$116.5K8-$140.1M9
Earnings per share
Earnings per share (diluted)
Shares (weighted, basic)
Shares (weighted, diluted)

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What it owns

What PetroGas Co reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Properties, in its own words

TRACT 1: Roger f Theo “A” and “D” Lease 335 acres of land, more or less, being all of the Leopold Menetrier Survey No 1347, A-510 and A-583, Frio and Atascosa Counties, Texas, more commonly referred to as the Rogers “A” Lease, Wells #3, #7, and #8, and the Rogers “D” Lease, Well #9, as to and only as to those rights from the surface down to 100 feet below the base of the Olmos-D-Reservoir as encountered at the subsurface depth of 3,566 feet in The Texaco Jane Burns “B” Well No. 28; Subject to Oil, Gas and Mineral Lease, dated November 2, 1946, from K. T. Tidwell and wife Olga Tidwell, and Theo Rogers and wife Veta Rogers to Shell Oil Co„ recorded in Volume 184, Page 358, Deed Records of Atascosa County, Texas, as amended by instrument dated July 27, 1951, recorded in Volume 208, Page 511 of the Deed Records of Atascosa County, Texas.

Rogers, Theo “C”: 219 acres of land, more or less, being all of the Irene L. Menetrier Survey No. 1346, A-584, Cert 48 , Pat 330 Vol. 29, Atascosa County, Texas, more commonly referred to as the Rogers “C” Lease, Well #5, as to and only as to those rights from the surface down to 100 feet below the base of the Olmos-D-Reservoir as encountered at the subsurface depth of 3,566 feet in The Texaco Jane Burns “B” Well No. 28, save and except the northeast 102.4 acres thereof, the southwest line of which is parallel with the northeast line of said survey; Subject to Oil, Gas and Mineral Lease, dated July 27, 1951, from Theo Rogers and wife Veta Rogers, and K.T. Tidwell and wife Olga Tidwell and to Miller Royalty Company and C.C. Dauchy, recorded in Volume 209, page 581, Deed Records of Atascosa County, Texas.

The rest of Item 2

TRACT 2: Jane Burns “C” Lease Tract 2: 160 acres of land, more or less. being the north 160 acres. in the form of a square, of the Francis Oerelling Survey No. 1336, A-532 and A-654, Frio and Atascosa Counties, Texas, and the northeast and northwest lines of this 160-acre tract lying upon the northeast and northwest lines respectively of said survey, and the southeast and southwest lines of the 160-acre tract being parallel with the northwest and northeast lines respectively, of said survey, as to and only as to those rights from the surface down to 100 feet below the base of the Olmos -D- Reservoir as encountered at the subsurface depth of 3,566 feet in the Texaco Jane Burns “B” Well No. 28.

On November 30, 2016, our company acquired various royalty interests in Texas for $10,485. On December 14, 2016, our company acquired two oil and gas leases in Ohio for $2,705. On January 1, 2017, our company acquired the lease for three oil and gas properties for $4,975.

Item 2 of the 10-K filed Jun 30, 2025.4

Leadership

Who has led PetroGas Co, and when. Pick a name to see everywhere that person has worked.

President

  1. Huang Yu2015

Chief financial officer

  1. Mark Corrao2015
20202025
Board members and other officers (3)

Former names

  • America Resources Exploration Inc.May 26, 2015 to Feb 17, 20163
  • Alazzio Entertainment CorpMay 30, 2014 to Apr 22, 20153

Timeline

  1. Oct 28, 20248-K Change of auditor19
  2. May 29, 20248-K Change of auditor20
  3. Apr 23, 20248-K Entered a material agreement; Other events21

Filings

22 filings to the SEC since October 2021: 4 annual reports, 14 quarterly reports, 3 major events, 1 other. The latest 20:

  1. Feb 5, 202610-Q EDGAR
  2. Nov 3, 202510-Q EDGAR
  3. Aug 12, 202510-Q EDGAR
  4. Jun 30, 202510-K EDGAR
  5. Jan 22, 202510-Q EDGAR
  6. Nov 6, 202410-Q EDGAR
  7. Oct 28, 20248-K EDGAR
  8. Jul 31, 202410-Q EDGAR
  9. Jun 26, 202410-K EDGAR
  10. May 29, 20248-K EDGAR
  11. Apr 23, 20248-K EDGAR
  12. Jan 23, 202410-Q EDGAR
  13. Oct 30, 202310-Q EDGAR
  14. Aug 7, 202310-Q EDGAR
  15. Jul 10, 202310-K EDGAR
  16. Jun 30, 2023NT 10-K EDGAR
  17. Feb 8, 202310-Q EDGAR
  18. Nov 1, 202210-Q EDGAR
  19. Aug 1, 202210-Q EDGAR
  20. Jun 27, 202210-K EDGAR

The 22 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How PetroGas Co is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPetroGas Co1
  • CIK0001609258
  • Employer ID (EIN)98-11535164
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inNevada4
  • Fiscal year endsMarch 311
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address2800 Post Oak Boulevard, Suite 4100, Houston, TX 770561
  • Phone(806) 375-33381
  • Shares outstanding22,996,680 as of Jan 27, 202611
  • Public float$126.8K as of Sep 30, 20244
  • AuditorBoladale Lawal & CO, Lagos, Nigeria PCAOB ID 69934
  • On EDGAR sinceMay 30, 20141
  • Filings102 in all: 10-Q (35), 8-K (24), 10-K (11), NT 10-Q (7), 10-Q/A (5), 3 (5), NT 10-K (4), 4 (2)1
    All 15 form types

    S-1/A (2), UPLOAD (2), 8-A12G (1), CORRESP (1), DEF 14C (1), EFFECT (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Jun 30, 2025
    Quarterly report (10-Q) Feb 5, 2026
    Latest 8-K (8-K) Oct 28, 2024

Risk factors and legal proceedings

The risks PetroGas Co names in Item 1A of its 10-K filed Jun 30, 2025: 22 risks under these headings, as written.4

  • Risks Related to Our Oil and Gas Operations
  • If our exploration and development programs prove unsuccessful, we may not be able to continue operations.
  • Application, interpretation and enforcement of government tax and other legislation is inconsistent making it difficult for us to ensure that we are compliant which could lead to penalties.
  • We face competition which could adversely affect our ability to significantly penetrate the oil and gas market in the U.S., which may make it difficult to attain profitability.
  • Compliance, interpretation and enforcement with evolving environmental laws and regulations may impact our expenses in a negative manner, which would directly impact our profit margins.
  • Drilling, exploring for and producing oil is a high risk activity with many uncertainties that could adversely affect our business, financial condition and results of operations.
  • Oil prices are volatile, and a decline in oil prices could significantly affect our business, financial condition and results of operations and our ability to meet our capital expenditure requirements and financial commitments.
  • Future economic conditions in the U.S. and international markets could materially and adversely affect our business, financial condition and results of operations.
  • We are subject to complex governmental laws and regulations that may adversely affect the cost, manner and feasibility of doing business.
  • Environmental laws and regulations may expose us to significant costs and liabilities.
  • Our business requires significant capital expenditures and we may not be able to obtain needed capital or financing on satisfactory terms or at all.
  • Currently, all of our properties are located in eleven (11) counties, making us vulnerable to risks associated with having our production concentrated in a small area.
The other 11 risks
  • Market conditions or transportation and infrastructure impediments may hinder our access to oil markets or delay our production or sales.
  • The unavailability or high cost of drilling rigs, equipment, materials, personnel and oilfield services could adversely affect our ability to execute our drilling and development plans on a timely basis and within our budget.
  • Competition in the oil and gas industry is intense, and most of our competitors have resources that are greater than ours.
  • Operating hazards or other interruptions of our operations could result in potential liabilities, for which we do not have insurance.
  • Our results are subject to quarterly and seasonal fluctuations.
  • Risks Relating to an Investment in our Securities
  • Compliance with changing regulation of corporate governance and public disclosure will result in additional expenses.
  • Because of the early stage of development and the nature of our business, our securities are considered highly speculative.
  • We may, in the future, issue additional common shares that would reduce investors’ percent of ownership and may dilute our share value.
  • Broker-dealers may be discouraged from effecting transactions in our shares because they are considered penny stocks and are subject to the penny stock rules thereby potentially limiting the liquidity of our shares.
  • Our common stock may experience extreme rises or declines in price, and you may not be able to sell your shares at or above the price paid.
  • A decline in the price of our common stock could affect our ability to raise further working capital, it may adversely impact our ability to continue operations and we may go out of business.

Sources

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