PetroGas Co (PTCO)
PetroGas Company is primarily involved in the exploration and extraction of crude oil and natural gas. Its operations encompass seven oil wells, which span approximately 714 acres across the Burns and Rogers leases. These assets are situated in Frio and Atascosa counties, Texas. Established in 2014, the firm was initially named America Resources Exploration, Inc., before officially rebranding as PetroGas Company in January 2016. The company maintains its headquarters in Houston, Texas, and operates as a subsidiary of Rise Fast Limited.
Sector: Crude Petroleum & Natural Gas
Industry: Oil & Gas Exploration & Production
PetroGas Company
OTC:PTCOEnergy · Oil & Gas Exploration & Production
$0.0002
Mkt Cap$5K
Float2.96M
O/S23M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income$9K
Total Assets$0
Free Cash Flow-$30K
Debt & Equity
Total Debt$175K
Total Equity-$344K
Shares Outstanding
Short Interest
Split History3 splits · 3 reverse
- 1:80Reverse splitAug 31, 202180 shares → 1
- 1:100Reverse splitMar 19, 2019100 shares → 1
- 1:100Reverse splitOct 5, 2017100 shares → 1
Balance Sheet Details
Assets$387
Liabilities$344K
Accounts Receivable$0
Accounts Payable$24K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 |
| Revenue | $0 | $0 | $0 | $0 | $0 | $166 | $2K | $2K | $2K | $0 | $0 | $0 |
| YoY Growth | - | - | - | - | - | -89.3% | 3.2% | -39.5% | - | - | - | - |
| Cost of Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $84K | $0 | $0 |
| Gross Profit | $0 | $0 | $0 | $0 | $0 | $166 | $2K | $2K | $2K | -$84K | $0 | $0 |
| Gross Margin | - | - | - | - | - | 100.0% | 100.0% | 100.0% | 100.0% | - | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $25K | $38K | $44K | $140.03M | $27K | $119K | $41K | $57K | $106K | $308K | $30K | $342 |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $84K | $0 | $0 |
| Total Operating Expenses | $25K | $38K | $44K | $140.03M | $27K | $119K | $41K | $57K | $106K | $392K | $30K | $342 |
| Operating Income (EBIT) | -$25K | -$38K | -$44K | -$104.03M | -$27K | -$119K | -$39K | -$55K | -$104K | -$392K | -$30K | -$342 |
| Operating Margin | - | - | - | - | - | -71847.6% | -2516.1% | -3688.4% | -4167.1% | - | - | - |
| Interest Expense | $50K | $53K | $59K | $57K | $90K | $101K | $89K | $116K | $2K | $57K | $0 | $0 |
| Interest Income | $0 | $0 | $59 | $57 | $90 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $34K | -$53K | -$59K | -$57K | -$90K | -$101K | -$118K | -$115K | -$2K | -$900K | $485 | $0 |
| Income Before Tax (EBT) | $9K | -$91K | -$103K | -$140.09M | -$117K | -$220K | -$157K | -$170K | -$105K | -$1.21M | -$29K | -$342 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$27K | $0 | $0 |
| Net Income | $9K | -$91K | -$103K | -$176.09M | -$206K | -$322K | -$157K | -$170K | -$105K | -$1.21M | -$29K | -$342 |
| Net Income Margin | - | - | - | - | - | -193683.7% | -10140.2% | -11325.8% | -4239.3% | - | - | - |
| Supplementary Data | ||||||||||||
| EPS | 0.00 | -0.00 | -0.00 | -15.87 | -0.05 | -0.08 | -41.78 | -92.81 | -2846.03 | -1208626.00 | -29491.00 | -2.74 |
| Diluted EPS | 0.00 | -0.00 | -0.00 | -15.87 | -0.05 | -0.08 | -41.78 | -92.81 | -2846.03 | -1208626.00 | -29491.00 | -2.74 |
| Weighted Average OS | 23.00M | 22.46M | 21.05M | 11.10M | 3.87M | 3.80M | 3.59M | 3.59M | 37 | 0 | 131 | 125 |
| EBITDA | $59K | -$38K | $0 | -$275 | $5K | -$57K | -$3K | $55K | -$20K | -$308K | -$29K | $0 |
| EBITDA Margin | - | - | - | - | - | -34399.4% | -222.3% | 3676.4% | -802.3% | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $387 | $5K | $1K | $0 | $6K | $178 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $387 | $5K | $1K | $0 | $6K | $178 |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $387 | $5K | $1K | $0 | $6K | $178 |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29K | $28K | $0 | $0 | $9K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29K | $28K | $0 | $0 | $9K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $0 | $0 | $0 | $0 | $0 | $0 | $387 | $34K | $29K | $0 | $6K | $9K |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $19K | $24K | $28K | $18K | $16K | $18K | $24K | $21K | $15K | $10K | $400 | $0 |
| Short-Term Debt | $250K | $250K | $270K | $270K | $306K | $0 | $133K | $29K | $0 | $55K | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | -$29K | -$4K | $0 | $0 | $0 |
| Other Current Liabilities | $173K | $143K | $101K | $68K | -$43K | $225K | -$104 | $0 | $4K | $118K | -$6K | $0 |
| Total Current Liabilities | $790K | $716K | $645K | $542K | $409K | $315K | $85 | $57K | $22K | $183K | $6K | $3K |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $43K | $43K | $111K | $241K | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $84K | $84K | $84K | $126K | $84K | $216 | $84K | $84K | $84K | $0 | $0 |
| Total Long-Term Liabilities | $0 | $84K | $84K | $84K | $126K | $126K | $259 | $194K | $324K | $84K | $5.6M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5.6B | $0 |
| Total Liabilities | $790K | $799K | $728K | $626K | $535K | $441K | $344K | $252K | $346K | $267K | $6K | $3K |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $0 | $0 |
| Common Stock | $23K | $23K | $21K | $21K | $48 | $4K | $301 | $30K | $30K | $1K | $8K | $6K |
| Retained Earnings | -$142.28M | -$142.29M | -$142.2M | -$142.1M | -$2.01M | -$1.89M | -$1.67M | -$1.51M | -$1.34M | -$1.24M | -$30K | -$57 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $141.47M | $141.47M | $141.45M | $141.45M | $1.47M | $1.45M | $1.33M | $1.27M | $997K | $970K | $21K | $0 |
| Total Equity | -$790K | -$799K | -$728K | -$626K | -$535K | -$441K | -$344K | -$217K | -$317K | -$267K | -$29 | $6K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $0 | $0 | $0 | $0 | $0 | $0 | $387 | $34K | $29K | $0 | $6K | $9K |
| Supplementary Data | ||||||||||||
| Total Debt | $250K | $250K | $270K | $270K | $271K | $239K | $175K | $111K | $241K | $55K | $0 | $3K |
| Net Debt | $250K | $250K | $270K | $270K | $271K | $239K | $175 | $106K | $240K | $55K | -$6K | $3K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 | 2020-03-31 | 2019-03-31 | 2018-03-31 | 2017-03-31 | 2016-03-31 | 2015-03-31 | 2014-03-31 |
| Operating Activities | ||||||||||||
| Net Income | $9K | -$91K | -$103K | -$140.09M | -$117K | -$220K | -$157K | -$168K | -$105K | -$1.21M | -$29K | -$342 |
| Depreciation & Amortization | $0 | $0 | $44K | $140.03M | $32K | $62K | $65K | $110K | $84K | $84K | $0 | $342 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | -$62K | $0 | $0 | $0 | $760K | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $140M | $0 | $90K | $0 | $0 | $0 | $31K | $0 | $0 |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$5K | -$4K | $10K | $2K | -$2K | $666 | $4K | $6K | $8K | $5K | $400 | $0 |
| Other Working Capital | $50K | $57K | -$10K | $57K | $58K | $39K | $24K | $6K | -$129 | $0 | $6K | $0 |
| Total Working Capital Change | $50K | $53K | $69K | $59K | $56K | $40K | $28K | $12K | $8K | $5K | $6K | -$3K |
| Other Non-Cash Items | -$89K | -$4K | -$44K | -$140.03M | $0 | $62K | $29K | -$3K | -$84K | $55K | -$485 | $2K |
| Net Cash from Operating | -$30K | -$42K | -$34K | -$33K | -$29K | -$28K | -$35K | -$50K | -$98K | -$275K | -$24K | -$342 |
| Investing Activities | ||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$235 | -$28K | -$77K | $0 | -$51K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$235 | -$28K | -$54K | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$235 | -$28K | -$54K | $0 | -$51K |
| Financing Activities | ||||||||||||
| Debt Repaid | - | - | - | - | -$22K | -$28K | -$30K | -$30K | -$241K | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $270K | $55K | $150K | $24K | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10K |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $30K | $42K | $34K | $33K | $7K | $28K | $30K | $24K | -$114K | $268K | $6K | $53K |
| Net Cash from Financing | $30K | $42K | $34K | $33K | $29K | $28K | $30K | $54K | $127K | $322K | $30K | $53K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $0 | $0 | $0 | $0 | -$387 | -$5K | $4K | $1K | -$6K | $6K | $1K |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | -$30K | -$42K | -$34K | -$33K | -$29K | -$28K | -$35K | -$50K | -$98K | -$275K | -$24K | -$342 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$235 | -$28K | -$77K | $0 | -$51K |
| Free Cash Flow | -$30K | -$42K | -$34K | -$33K | -$29K | -$28K | -$35K | -$50K | -$126K | -$352K | -$24K | -$52K |
| Cash at Beginning | $0 | $0 | $0 | $0 | $0 | $387 | $5K | $1K | $0 | $6K | $178 | -$4K |
| Cash at End | $0 | $0 | $0 | $0 | $0 | $0 | $387 | $5K | $1K | $0 | $6K | -$3K |