[b]EGOH READ THIS PR DONT MISS THIS ONE[/b]
Eagle Oil Holding Company, Inc. (OTC: EGOH) (the "Company") today announced that it has received a "Letter of Intent" with a new registered operator in Texas for the start-up of oil field operations.
Pursuant to the Agreement, within the next 30 days, and after the due diligence requirements are completed and approved, the new Operator plans to begin the reconditioning of an initial group of 5 wells at the Company's East Texas field, and increase the groups of wells at 5 well intervals, until the total reaches 20 wells in the first round of development. Additionally, the Operator plans to also service the compliance requirements of the Texas Rail Road Commission.
The Agreement represents the continuing Company strategy to capitalize on its oil assets through outsourcing the reconditioning of its wells and restoring pumping operations with no additional capital from the Company. The Agreement will potentially include up to 120 wells. More details will be forth coming in the next few weeks.
About Eagle Oil: Eagle Oil (EGOH) (www.eagleoilholdingco.com) is an independent energy company in the East Texas oil and gas region. The Company owns a 73% working interest in 173 wells on its 927 acres located in the Historic Woodbine Oil Field.
The Operator is a Texas company that has been active in the US oil and gas market, including its own energy operations and production.
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "should," "intends," "will," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
Contact: Eagle Oil Holding Company, Inc. (209) 736-4530
SOURCE Eagle Oil Holding Company, Inc.
EGOH READ THIS PR DONT MISS THIS ONE Eagle Oil Holding
Top 10 Most Recent News Articles
ACLS Expands Fellowship Program for Emerging Scholars
Expanding Opportunities in Religious Scholarship Here's something you don't see every day: a program that's actually trying to bridge academia and the practical world. The American Council of Learned Societies (ACLS) is rolling out its second wave of their Graduate Internships on the Spiritual Infrastructure of the Future for 2027, backed by the Templeton Religion Trust....
Continue Reading
Island Pacific Opens 22nd Store in Eagle Rock, L.A.
Winning the Grocery Game One Store at a Time Here's the scoop—Island Pacific Seafood Market just rolled up the shutters on their 22nd supermarket at 4044 N. Eagle Rock Boulevard in the bustling hub of Glassell Park, Los Angeles. This ain't just some ho-hum store opening; it's a celebration rooted in Filipino heritage, smack in the middle of Northeast L.A., where culture...
Continue Reading
Choosing Lakefront Flooring: A Practical Guide for Owners
Understanding Lakefront Challenges Owning a lakefront rental sounds like a dream, right? But the reality involves a mixed bag of conditions that can chew up flooring faster than a pair of puppy claws on exposed oak. We're talking about moisture, sand, and constant guest traffic making these properties a hot mess if you're not careful. Waterproof Vinyl: The Smart Bet...
Continue Reading
ImmunoGenesis Showcases STING Agonist Progress at SITC
STING Agonists: The Next Frontier in Glioblastoma Treatment? Out there in the weeds of immunotherapy, ImmunoGenesis is gearing up for its moment at the SITC 2026 Annual Meeting with its STING agonist, IMGS-203. The stakes are skyscraper-high as this novel treatment makes a play against recurrent glioblastoma (GBM)—one tough cookie in the realm of brain cancers....
Continue Reading
Ecovyst Ups Outlook Amid Strong Q3 Results
A Bold Leap Forward Ecovyst, mighty in the sulfuric acid trade, just dropped news hotter than a griddle on a sizzling morning. Sales surged by 51% in Q3 to a solid $308.6 million, credited to smart moves and timely acquisitions. Not just puffery here; these folks are redirecting the narrative and it's showing in the numbers. Imagine a company selling parts of itself to...
Continue Reading
DarioHealth Taps Palumbo to Drive Healthcare Evolution
Strategic Leadership for an Evolving Market Prepare your portfolios, folks. DarioHealth Corp. (NASDAQ:DRIO) is gearing up to ride a seismic shift in healthcare. John R. Palumbo's appointment as Chairman of the Board marks a bold move as Dario looks to dominate the new convergence of consumer-directed and payer-funded healthcare. This isn't just a change of guard; it's a...
Continue Reading
Fixify's AI Solution Boosts MSP Service Capacity
Unleashing AI on the MSP Help Desk Chaos Look, managed service providers (MSPs) are always grappling with a circus act—juggling customer growth against swelling staffing costs. Fixify tossed its hat in the ring with a new tool that promises to let the AI do the heavy lifting on those routine IT support tickets. They said, 'Why not let the bots take the grunt work?' Now,...
Continue Reading
Risk Map 2027: Navigating Travel Safety Worldwide
Navigating the Complexities of Global Travel Safety Here's the thing folks—a traveler's peace of mind isn't just about sun hats and passports anymore. We're talking pressing global safety dynamics as revealed in the 2027 Risk Map. This ain't your average vacation checklist; it's a deep dive into the evolving tapestry of global security. Whether you’re hopping from the...
Continue Reading
Riley Permian's Q3: Cash Flow Boost & Debt Cut
Riley Permian is striding with a swagger through the third quarter of 2026, and you’ve got to tip your hat to them for all the right moves. But don’t get comfy, there's a fair bit to unpack, and not all of it will make you want to reach for the champagne. Oil Production and Cash Flow Surge Setting the pace, Riley cranked up oil production by a hearty 20% from the...
Continue Reading
GomSpace Eyes SEK 1.6 Billion Revenue by 2030
Cracking Open GomSpace's Q3 Gains You don't just stumble upon profitability in this market; that's for sure. GomSpace, however, seems to have a knack for finding its stride amidst the chaos. In their latest earnings report, it looks like they're not just coasting—they're powering through with profitable growth in the third quarter. Who would have thought? These folks...
Continue ReadingTop 5 Most Recently Viewed Articles
Aspo Plc Launches Innovative Incentive Plans to Enhance Growth
Aspo Plc Implements New Incentive Programs for Employees Aspo Plc has made a significant move to foster growth and enhance employee motivation by introducing updated remuneration strategies. These adjustments are set to take effect in 2025 and are aimed at aligning the performance of key employees with the overall strategic goals of the company. Aligning Interests Through...
Continue Reading
Trifork Teams Up with Replik: Innovating Legal Services
Trifork Partners with Replik for Legal Tech Innovation In an exciting development in the legal tech sector, Trifork Group AG has forged a strategic partnership with Replik A/S, acquiring a 10% stake in the company. This alliance is set to enhance Replik's growth trajectory by broadening its product range and integrating advanced technology and artificial intelligence into...
Continue Reading
Leverage Welcomes Jarett Hughes as First CEO and President
Leverage Appoints Jarett Hughes as New Leader Leverage has announced the appointment of Jarett Hughes as its inaugural president and chief executive officer. This new advocacy organization aims to enhance the economic well-being and opportunities available to older Coloradans. Backed by a significant investment from the Next50 Foundation, Leverage intends to collaborate...
Continue Reading
RBC Adjusts Randstad Price Target Amid Market Uncertainty
RBC Capital Lowers Randstad's Stock Price Target RBC Capital has recently adjusted its outlook on Randstad (RAND:NV), a prominent player in the staffing industry. The investment firm has reduced its price target for Randstad's stock from €49.00 to €46.00. Along with this modification, RBC has retained its Sector Perform rating, indicating a balanced view on the...
Continue Reading
Legal Class Actions: Investors Urged to Act for Their Rights
Investors Encouraged to Take Action In light of recent class action lawsuits, investors are encouraged to reach out to legal experts regarding their rights. The Law Offices of Frank R. Cruz are reminding shareholders of significant lawsuits impacting the companies Quanex Building Products Corporation (NYSE: NX), Jasper Therapeutics, Inc. (NASDAQ: JSPR), and KBR, Inc....
Continue Reading