Petro River Oil Corp. (OTCPK:PTRC) acquired 66.67% stake in LBE Partners, LLC from ICO Liquidating Trust, LLC for $0.33 million on September 24, 2018. Petro River issued 0.3 million common stock at par value of $0.0001 to ICO Liquidating. Petro River Oil Corp. (OTCPK:PTRC) completed the acquisition of 66.67% stake in LBE Partners, LLC from ICO Liquidating Trust, LLC on September 24, 2018. Petro River Oil Corp. recorded the purchase of LBE Partners using the acquisition method of accounting.