Welcome to our dedicated page for PETROLIA ENERGY news (Ticker: BBLS), a resource for investors and traders seeking the latest updates and insights on PETROLIA ENERGY stock.
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Petrolia Energy Corporation has issued a letter to shareholders emphasizing its commitment to accountability and transparency. Key objectives include protecting shareholder interests, becoming current in SEC filings, optimizing asset value, managing corporate debt, and resolving ongoing litigation. The company is pursuing re-registration of its common stock and aims to obtain OTCQB Market quotation. Ongoing litigation with former executives poses uncertainty, with outcomes still unknown. The company is on track to file its quarterly report for Q3 2022 this month, demonstrating progress since the change of control in October 2021.
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