Petrotech Oil & Gas, Inc. (OTCPK:PTOG) and Pangean Energy LLC entered into a contract to acquire mineral interests in leases in North Dakota, Bakken Shale Formations for $28.8 million on June 13, 2013. The acquisition price will be paid through a combination of cash, stock and interest in the development of the wells. The transaction is subject to final due diligence by Petrotech and Pangean and legal title opinions.

Petrotech Oil & Gas, Inc. (OTCPK:PTOG) and Pangean Energy LLC cancelled the acquisition of mineral interests in leases in North Dakota, Bakken Shale Formations on June 13, 2014.