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Barrel Energy Inc (OTCMKTS: BRLL) Investors Looking for a Big Week Ahead as Co Set to Go “Pink Current” and Update Shareholders on Recent Progress

Barrel Energy Inc (OTCMKTS: BRLL) has been on the rise in recent months from lows of $0.001 in February the stock recently surpassed $0.03 and is under…

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This article was originally published by Microcap Daily
Barrel Energy Inc (OTCMKTS: BRLL) has been on the rise in recent months from lows of $0.001 in February the stock recently surpassed $0.03 and is under heavy accumulation. The Company is on the verge of going “pink current” having gotten their filings up to date and will soon begin to issue press releases once OTCMarkets gives the green light. While the Company does have $8 million in debt and not a particularly attractive balance sheet, the stock was one of the greatest runners of 2021 skyrocketing from $0.0035 on January 31, to highs of $0.86 per share in February making many penny stock speculators rich overnight. This is why some big-time penny stock investors are accumulating BRLL once again now that it is moving steadily northbound. Volume has picked up with BRLL trading $150,000 in dollar volume on Thursday and about $50,000 on Friday.

According to BRLL management via twitter: “Today we are officially pink limited. We expect to be pink current within the next couple of weeks. Our team has already begun the process for Form 211 to get solicited quotations. Upon Pink Current we will apply to have the CTO revoked in Canada. We look forward to updating our shareholders in the coming weeks with progress made over the last 12 months. The BRLL team would also like to thank our shareholders for patience in the last year.”

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Barrel Energy Inc (OTCMKTS: BRLL) is a Nevada corporation, incorporated January 17, 2014, which was engaged historically in the oil and gas sector of the energy industry. In January 2019, the Company terminated the agreement. The Company entered into an agreement in the lithium exploration business but terminated the contract. The Company has leased land in central California to grow hemp for extracting CBD and the use of fiber in clothing and other materials. The Company has reengaged in the lithium battery business under new agreement subsequent to the filing of this report. On April 11, 2019, the Company amended its articles of incorporation to increase its number of authorized shares of common stock from 75,000,000 to 450,000,000. 

Microcapdaily gave the heads up on BRLL on January 31, 2021 when the stock was $0.0035 right before it ran to $0.86 per share. We stated in our article: “Barrel Energy Inc (OTCMKTS: BRLL) is making a swift move up the charts after the Company reported management is in discussions with St-Georges Eco-Mining Corp. a Canadian public company engaged in the development of new Lithium extraction technologies regarding several sites for their Lithium processing technology centers within the southwest U.S. Barrel is considering location sites with a specific eye toward cost efficiency and process permitting. Access to infrastructure, sufficient power, transport and nearby source material and demand are all factors for project viability. The Company’s lead development site is situated on a roughly 30 acre property that is now zoned for industrial activities located in Nevada just 18.5 miles from the Tesla Gigafactory 1. BRLL is quickly getting noticed by investors trading $20 million in dollar volume on Friday alone.” 

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BRLL

The Company is led by CEO Craig Alford who has wide-ranging global business development and operational experience having worked in over 30 countries. He has served as a director and within executive management for a number of public companies and has played a key role in successfully raising millions of dollars in equity. Mr. Alford has been responsible for the direct expenditure and budgeting of hundreds of millions of dollars and has developed comprehensive economic analysis for billion-dollar M & A transactions. Mr. Alford holds an Honours Bachelor of Science and a Master’s Degree in Science.  

The Company’s chairman Harp Sangha has been a founder, CEO and board member of several public companies and brings over 30 years of entrepreneurial, operational and capital market experience to Barrel Energy Inc. In 1986 he started his career as Investment Advisor and gained his affinity for raising capital for numerous startups and early-stage public companies. Mr. Sangha’s dedication and continued global business ventures have established many valuable industry contacts and relationships with institutional clients worldwide. 

There was a lot to get excited about on BRLL back in late early 2021, when we reported on the Company saying at the time: “the Company just opened up its research and technology center in Las Vegas, NV situated on a roughly 30-acre property that is now zoned for industrial activities located in Nevada just 18.5 miles from the Tesla Gigafactory 1. The facility will strengthen Barrels’ green-energy and Electric Vehicles (EVs) product development and various collaborative technology efforts. Barrel recognizes the current deficiencies, as well as the massive potential, in the Lithium-ion battery supply chain as market and environmental forces propel the coming dominance of Zero-Emission vehicles with companies like Tesla, GM, Ford, Apple and others drive this vital technology. BRLL just signed an MOU for a partnership with Roshan Energy Technologies Pvt. Ltd located in Hyderabad, India, for Lithium Battery development and production in India and North America. As part of the venture, Barrel will become a majority stakeholder in Roshan allowing Barrel Energy the platform for expansion into the massive India market and into international markets. Roshan and Barrel plan on establishing a U.S. based manufacturing unit for key battery designs within Roshan’s line of Lithium products. India is at the forefront of innovation and technology and represents one of the largest markets for Electric Vehicles (EVs) worldwide with plans to become an all-EV nation by 2030.” 

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BRLL was one of the greatest runners of 2021 skyrocketing from $0.0035 on January 31, to highs of $0.86 per share in February making many penny stock speculators rich overnight. This is why some big-time penny stock investors are accumulating BRLL once again now that it is moving steadily northbound. Volume has picked up with BRLL trading $150,000 in dollar volume on Thursday and about $50,000 on Friday. According to BRLL management via twitter: “Today we are officially pink limited. We expect to be pink current within the next couple of weeks. Our team has already begun the process for Form 211 to get solicited quotations. Upon Pink Current we will apply to have the CTO revoked in Canada. We look forward to updating our shareholders in the coming weeks with progress made over the last 12 months. The BRLL team would also like to thank our shareholders for patience in the last year.” We will be updating on BRLL when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with BRLL.

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Disclosure: we hold no position in BRLL  either long or short and we have not been compensated for this article.

The post Barrel Energy Inc (OTCMKTS: BRLL) Investors Looking for a Big Week Ahead as Co Set to Go “Pink Current” and Update Shareholders on Recent Progress first appeared on Micro Cap Daily.

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