PetroGas Company Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021

PetroGas Company has working interests in certain oil and gas properties. The Company's properties include Ellis County, Hemphill County, Madison County, Shelby County and Emergy County. Ellis County is an overriding royalty interest (ORR), which is located in Oklahoma. Hemphill County is an ORR located in Texas. Madison County is a wellbore interest, which is located in Texas. Shelby County is a wellbore interest, which is located in Texas. Emergy County is a lease purchase located in Utah. It also has a working interest in the Burns and Rogers leases. The Burns and Rogers Leases provide exploration and production opportunities in the Kyote Field pay zone, near the Eagle Ford Shale play with access to available rig crews and other vendor-servicers, due to their close proximity to San Antonio, Texas. The Burns and Rogers Leases holds about seven oil wells. The Company is also seeking to acquire producing and non-producing leases.