Petron Energy II, Inc. (Petron
or the Company) was formerly known as Petron Energy Special Corp. and was incorporated in June 2007 under the laws
of the State of Texas; and, on April 2011, was reincorporated in the state of Nevada. Pursuant to a Plan of Merger, the parent
company, Petron Energy Special Corp. was merged into its wholly owned subsidiary, Petron Energy II, Inc. The surviving entity was
Petron Energy II, Inc. The effective date of the Plan of Merger was January 3, 2012.
The Company is engaged primarily in the acquisition,
development, production, exploration for and the sale of oil, gas and gas liquids in the United States. As of December 31, 2011
the Company is operating in the states of Texas and Oklahoma. In addition, the Company operates two gas gathering systems located
in Tulsa, Wagoner, Rogers and Mayes counties of Oklahoma. The pipeline consists of approximately 132 miles of steel and poly pipe,
a gas processing plant and other ancillary equipment. The Company sells its oil and gas products primarily to a domestic pipeline
and to another oil company.