Petrol Oil and Gas, Inc. engages in the exploration, development, and production of oil and gas. It also involves in the development of Coalbed Methane gas production projects located in the Cherokee Basin along the Kansas and Missouri border. As of December 31, 2004, the company had approximately 169,000 gross acres of mineral leases in Coffey County, Kansas; and the adjacent counties of Anderson, Osage, Lyon, Franklin, Woodson, Wilson, and Neosho, as well as Cass and Bates counties in western Missouri. As of the same date, it had net proved gas reserves of 12.69 billion cubic feet. The company was organized in 2000 as Euro Technology Outfitters and changed its name to Petrol Oil and Gas, Inc. in 2002. Petrol Oil and Gas is based in Las Vegas, Nevada.