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Posted On: 05/14/2024 4:34:20 PM
Post# of 186
NetworkNewsBreaks – GEMXX Corporation (GEMZ) Makes ‘Landmark Move,’ Enters Oil and Gas Exploration and Development Partnership
GEMXX (OTC: GEMZ), a leading provider of exquisite gemstone jewelry, has announced a partnership with Latin Energy Partners Inc. (“LEP”) that both companies are calling a “landmark move” in the pursuit of oil exploration and development. The strategic collaboration is designed to support the company’s expansion of its business mode. According to the announcement, the agreement outlines terms for the two companies to jointly drill four test wells in a promising geological formation in a Latin America country. The agreement is based on promising preliminary explorations in two target basins that have shown extensive sedimentary deposits conducive to successful oil and gas systems. The companies noted that estimates suggest these basins may hold more than one billion barrels each of recoverable oil, creating an extraordinary opportunity for both GEMXX and LEP to establish a footprint in the global oil and gas market. An emerging leader and an independent E&P company, LEP is involved in exploring significant hydrocarbon reserves in Latin America, one of the world’s underexplored hydrocarbon regions. “We are excited for this strategic partnership with Latin Energy Partners, which perfectly aligns with our long-term goals,” said GEMXX CEO Richard Clowater in the press release. “We are eager to combine our expertise to fully harness the potential of these promising basins.”
NOTE TO INVESTORS: The latest news and updates relating to GEMZ are available in the company’s newsroom at https://nnw.fm/GEMZ
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
GEMXX (OTC: GEMZ), a leading provider of exquisite gemstone jewelry, has announced a partnership with Latin Energy Partners Inc. (“LEP”) that both companies are calling a “landmark move” in the pursuit of oil exploration and development. The strategic collaboration is designed to support the company’s expansion of its business mode. According to the announcement, the agreement outlines terms for the two companies to jointly drill four test wells in a promising geological formation in a Latin America country. The agreement is based on promising preliminary explorations in two target basins that have shown extensive sedimentary deposits conducive to successful oil and gas systems. The companies noted that estimates suggest these basins may hold more than one billion barrels each of recoverable oil, creating an extraordinary opportunity for both GEMXX and LEP to establish a footprint in the global oil and gas market. An emerging leader and an independent E&P company, LEP is involved in exploring significant hydrocarbon reserves in Latin America, one of the world’s underexplored hydrocarbon regions. “We are excited for this strategic partnership with Latin Energy Partners, which perfectly aligns with our long-term goals,” said GEMXX CEO Richard Clowater in the press release. “We are eager to combine our expertise to fully harness the potential of these promising basins.”
NOTE TO INVESTORS: The latest news and updates relating to GEMZ are available in the company’s newsroom at https://nnw.fm/GEMZ
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
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