Barrel Energy, Inc. announced a private placement of convertible note at an interest of 8% per annum for gross proceeds of $25,000 on December 23, 2020. The securities issued are convertible into common stock of the company at $0.10 per share or 70% of the lowest trade five days prior to conversion, with an maturity period of one year from date of issuance. The securities are issued to EROP Capital.