Energy Holdings International, Inc. (EGYH) Establishes EnergyVest 1 Bahamas For The Benefit Of The Joint Venture With Rasan Energy Holding Company (K.S.C.) Of Kuwait To Acquire North America Proven Oil And Gas Assets
PR Newswire - Mon Dec 01, 7:00AM CST
Energy Holdings International, Inc. (OTC-PINK: EGYH) has incorporated and established EnergyVest 1 for the benefit of the Joint Venture with Rasan Energy Holding Company (K.S.C.) whereby Rasan will provide $60 million USD investment funds for the acquisition of proven oil and gas properties in the United States and Canada. The joint venture will be owned 50/50 between Energy Holdings International, Inc. and Rasan Energy Holding and will be jointly owned and operated via the new holding company EnergyVest 1.