Blue Water Petroleum Profile
Blue Water Petroleum Corp., an exploration stage company, is engaged in the acquisition, exploration, and development of oil and gas properties in the United States. The company’s sole project is the Blue Water Project located in Big Horn County, Montana.
Business Strategy
The company’s business strategy is to develop the Blue Water Project and to acquire a portfolio of other exploration and development prospects in the United States. Its business strategy includes various elements, such as negotiated acquisitions of properties and retaining operational control and significant working interest.
Seasonality
The company’s business is temperature-sensitive. Colder temperatures during the winter months in Montana limit the ability of the company’s operators to drill holes and water wells.
History
The company was founded in 2009. It was incorporated in the state of Nevada in 2009. The company was formerly known as Degaro Innovations Corp. and changed its name to Blue Water Petroleum Corp. in July 2013.
