Barrel Energy, Inc. announced a private placement of one convertible note at a price of $30,000 for proceeds of $30,000 on December 31, 2020. The transaction includes participation from The notes bears interest rate of 8% per annum .The notes are convertible into common stock of the company at $0.10 per share or 70% of the lowest trade five days prior to conversion, with an maturity period of one year from date of issuance.