BOCA RATON, Fla., Feb. 4 /PRNewswire/ -- International PetroReal Oil
Corporation (CDNX: IOC.V) (Pink Sheets: IOCIF) has been watching the economic
growth of China as it hits a six-year high of 9.1%. Retail sales have
galloped ahead by the same amount. When you look at the World of Profits in
the e-Dispatch, you'll know that the Hang Seng stock market in Hong Kong
gained a great deal of momentum last week from news that fourth-quarter
Chinese growth zoomed ahead by almost 10%... on top of third-quarter growth of
9.6%. When one considers that this has happened in spite of the ongoing
scare of SARS, it is nothing short of amazing that China's economy is
sizzling.
Karl Rollke, CEO of International PetroReal Oil Corporation, said, "As
China's growth propels the world's economy, oil is to be watched very
closely." Mr. Rollke went on to say, "Oil and gas will become more and more
important as a source of energy for years to come because of Asian
requirements, and we expect an upward movement in price. China will continue
to be a major buying force in accumulating supplies for their growing
economy."
Expanding economies around the world have the oil and gas drilling
companies on the rise again, developing new oil and gas fields for further
exploration. This current development to increase proven reserves, especially
within the United States by opening over 8 million new acres in Alaska, is
creating new opportunities for companies like PetroReal.
International PetroReal Oil Corporation has been planning for this as they
seek out proven oil and gas properties for their growing company. As the
major oil and gas companies start new exploration, they divest more of their
smaller proven revenue-producing properties in the United States. This is
where PetroReal utilizes their team of experienced oil and gas professionals
to research and purchase proven oil and gas assets.
As PetroReal continues to purchase these types of proven revenue-producing
oil and gas properties with positive cash flow, their stock is bound to
respond to new highs.
For more information, visit: http://www.petroreal.com.
C. Wilson for International PetroReal Oil Corporation
Tel: 561-367-8545
Cliff002003@yahoo.com
This release was issued through eReleases(TM). For more information,
visit http://www.ereleases.com.
SOURCE International PetroReal Oil Corporation
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Related links:
http://www.petroreal.com
CONTACT:
C. Wilson for International PetroReal Oil
Corporation, +1-561-367-8545, Cliff002003@yahoo.com
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