Petrolia Energy Corp. engages in the exploration and development of oil and gas properties. The company is headquartered in Houston, Texas and currently employs 0 full-time employees. The company went IPO on 2008-01-14. The firm's Slick Unit Dutcher Sand (SUDS) field is located in Creek County, Oklahoma. The company is approximately 1,670 acres and the SUDS East unit is approximately 860 acres. Its Twin Lakes San Andres Unit (TLSAU) field is located in Chaves County, New Mexico. The firm has a 25% working interest in approximately 41,526 acres in the Luseland, Hearts Hill, and Cuthbert fields, located in Southwest Saskatchewan and Eastern Alberta, Canada. The firm has a 50% working interest in approximately 28,000 acres located in the Utikuma Lake area in Alberta, Canada. The property is an oil-weighted asset producing a total of approximately 500 Barrels Per Day (bpd) of light oil. The firm's subsidiary, Askarii Resources LLC, is a private Texas-based oil and gas service company.
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As of August 2026, Petrolia Energy Corp BBLSQ is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Petrolia Energy Corp using these criteria to determine its compliance status.
Muslim investors may consider investing in Petrolia Energy Corp if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Petrolia Energy Corp by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Petrolia Energy Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Petrolia Energy Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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