TRULEUM, INC.

Truleum, Inc. engages in the acquisition, drilling and development of oil and gas properties. The company is headquartered in Golden, Colorado and currently employs 1 full-time employees. The company went IPO on 2016-06-27. The firm is principally seeking to restart, rework and/or recomplete production from historic working interest/net revenue interest sites developed by others who have discontinued their operations due to economic conditions or costs. Its focus of operation is in the Mid-Continent and Rocky Mountain regions. The company operates the Logan Project. Its acquired leases comprise approximately 2,080 gross acres of developed and undeveloped proven production in the Cherokee Uplift in central Oklahoma, including 34 well bores. In addition, the Logan Project contains additional probable reserves (all non-producing or undeveloped) of 4,645,290 mcf of gas and 1,429,780 barrels of oil. The firm sells oil and natural gas on the spot market.

Peers: ConocoPhillips Cross Timbers Royalty Trust Permianville Royalty Trust Epsilon Energy Ltd MV Oil Trust North European Oil Royalty Trust PermRock Royalty Trust PHX MINERALS INC. Primeenergy Resources Corp

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Market Cap: $65.36 Million