Company Pledge Petroleum Corp.

Pledge Petroleum Corp., formerly Propell Technologies Group, Inc., is an oil exploration and production (E&P) acquisition company. The Company focuses on building a base of producing assets by using technology, including Plasma Pulse well treatment, which uses no acidization, hydrofracking or other chemicals. The Company's segment is the Plasma Pulse Technology for the petroleum industry. Through its subsidiaries, Novas Energy USA, Inc. and Novas Energy North America, LLC (NENA), the Company intends to manage oil production using the Plasma Pulse Technology. The Plasma Pulse Technology is an Enhanced Oil Recovery methodology and process. The Plasma Pulse Technology utilizes a down-hole tool that is lowered into vertical wellbores to the perforated oil producing zone. The Plasma Pulse Technology is suitable for oil wells as deep as approximately 12,000 feet.

Number of employees: 1