FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SIEM IVAR
2. Issuer Name and Ticker or Trading Symbol

Petrolia Energy Corp [ BBLS ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

710 N. POST OAK RD., STE. 512
3. Date of Earliest Transaction (MM/DD/YYYY)

7/24/2018
(Street)

HOUSTON, TX 77024
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   7/24/2018     P    468750   A $0.065   1885416   I   American Resources Offshore Inc.  
Common Stock   8/15/2018     P    547755   A $0.064   2433171   I   American Resources Offshore Inc.  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants to Purchase Common Stock   $0.10   8/17/2018     A      20000       8/17/2018   8/17/2019   Common Stock   20000     (1) 20000   I   American Resources Offshore Inc.  
Convertible Promissory Note   $0.10   8/17/2018     A      $20000       8/17/2018   10/17/2018   (2) Common Stock   200000   (3) $20000   $20000   I   American Resources Offshore Inc.  
Options to Purchase Common Stock   $0.10   9/30/2018     A      250000       9/30/2018   9/30/2020   Common Stock   250000     (4) 250000   D    

Explanation of Responses:
(1)  As additional consideration for entering into the Convertible Promissory Note on the same date (as described in the table above), the Issuer granted the Reporting Person one-year warrants to purchase one share of the Issuer's common stock at an exercise price of $0.10 per share for each dollar loaned pursuant to the Convertible Promissory Note. Exempt pursuant to Rule 16b3(d).
(2)  The Convertible Promissory Note was due on October 17, 2018.
(3)  Not including any shares issuable upon conversion of accrued interest. The Convertible Promissory Note accrues interest at the rate of 12% per annum until paid in full, which interest is convertible into shares of common stock on the same terms as the principal amount of the debt. Exempt pursuant to Rule 16b3(d).
(4)  Issued in consideration for services rendered. Exempt pursuant to Rule 16b3(d).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SIEM IVAR
710 N. POST OAK RD., STE. 512
HOUSTON, TX 77024
X



Signatures
/s/ Ivar Siem 11/7/2018
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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