Petron Energy II, Inc. announced its progress report on rework and pipeline operations in Oklahoma.

Petron Energy II, Inc., together with its subsidiaries, engages in the acquisition and development of properties for the production of crude oil and natural gas, transporting natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary, in the United States.

Floyd Smith, President and CEO of Petron Energy II, Inc., states, "Petron Energy II, Inc. recently finalized terms on a credit facility agreement with TCA Global Master Fund ("TCA"), pursuant to which TCA shall extend to the Company a revolving line of credit for the maximum amount of $5 million dollars." For more details regarding the TCA Agreement, please consult the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on May 7, 2013. In connection with the TCA Agreement, "we are pleased to report that we received our first tranche of funding from TCA under this agreement."

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