GEMXX Corp. (GEMZ) Enters Alliance with Latin Ener
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Posted On: 05/31/2024 5:25:07 PM
GEMXX Corp. (GEMZ) Enters Alliance with Latin Energy Partners to Advance Groundbreaking Developments in Oil Exploration in Latin America
- GEMXX recently entered a significant partnership with Latin Energy Partners that has seen the two companies define terms to jointly drill four test wells in a promising geologic formation in a Latin American country
- The partnership is part of GEMXX’s plans to strategically expand its current successful business model, diversifying its business portfolio, and exploring new underground resource opportunities
- Latin America has large tracts and regions of under-explored sedimentary basins which hold significant oil and gas resources potential
- Preliminary explorations in the two basins suggest potential for more than 1 billion barrels each of recoverable oil, positioning GEMXX and Latin Energy Partners in the global oil and gas market
GEMXX (OTC: GEMZ), a mine-to-market gold, gemstone, and jewelry producer with global reach, is looking to expand into energy projects and position itself as a significant player in the energy market. This goal is part of the company’s strategic expansion plans, exploring important new underground resource exploration opportunities.
“We are confident in our ability to adapt, innovate, and capitalize on new growth opportunities. With a strong focus on expansion and strategic partnerships, we are well-positioned to navigate the evolving market landscape and drive long-term success for our shareholders,” said Richard Clowater, CEO of GEMXX, of the company’s strategic expansion plans (https://nnw.fm/9k3FO ).
In line with its goals to expand its business model and become a significant player in the energy market, the company has been actively negotiating with key strategic partners. The negotiations have so far netted a significant partnership with Latin Energy Partners (“LEP”), an emerging leader and independent E&P company involved in the exploration of significant hydrocarbon reserves in Latin America.
According to a recent announcement, GEMXX and LEP have defined the terms to jointly drill four test wells in a promising geological formation in a Latin American country. This partnership marks a landmark move for both companies in their oil exploration and development pursuits. The partnership particularly aligns with GEMXX’s long-term goals, with CEO Clowater expressing his company’s eagerness to join forces with LEP, combining their expertise to fully harness the potential of two promising target basins in the Latin American country (https://nnw.fm/oJLIe ).
Preliminary explorations in the two basins have revealed extensive sedimentary deposits conducive to oil and gas systems. And with estimates suggesting these basins may hold more than 1 billion barrels each of recoverable oil, GEMXX and LEP are ideally positioned to establish a footprint in the global oil and gas market.
“Our alliance with GEMXX provides us with the expert manpower necessary to elevate our project to global standards. We are setting the stage for groundbreaking developments in oil exploration,” commented Dinesh Kumar Sarraf, Chairman of the Board at LEP.
Mr. Sarraf lends his years of experience to both the partnership and LEP, having previously worked as the chairman and managing director of Oil and Natural Gas Corporation Ltd., India’s premier Exploration and Production (“E&P”) company. Leveraging his expertise, strategic insights, and the support of a team of distinguished energy industry experts, Mr. Sarraf is now steering LEP toward giant (500-million barrel) and super-giant (3-billion+ barrel) oil fields previously overlooked in Latin America.
According to LEP, Latin America has large tracts and regions of under explored sedimentary basins, which hold significant hydrocarbon resources potential. “The Chaco and Parana basins, in particular, have been proven to host all of the necessary elements for material, commercial petroleum systems including world-class, organic-rich source rocks, highly permeable reservoirs, and structural regimes capable of forming large, billion barrel oil fields and trillion cubic feet gas fields,” LEP says on its website (https://nnw.fm/zApTG ).
LEP further notes that although conventional and unconventional oil and gas systems have been identified in both basins, they remain heavily unevaluated and ready for exploitation with contemporary exploration and development technology. Therefore, the strategic partnership between LEP and GEMXX positions the two companies to enter these underexplored regions and potentially begin maturing the oil resources into developed reserves and selling petroleum to the lucrative markets of South America.
For more information, visit the company’s website at www.GEMXX.com/investors.
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 recently entered a significant partnership with Latin Energy Partners that has seen the two companies define terms to jointly drill four test wells in a promising geologic formation in a Latin American country
- The partnership is part of GEMXX’s plans to strategically expand its current successful business model, diversifying its business portfolio, and exploring new underground resource opportunities
- Latin America has large tracts and regions of under-explored sedimentary basins which hold significant oil and gas resources potential
- Preliminary explorations in the two basins suggest potential for more than 1 billion barrels each of recoverable oil, positioning GEMXX and Latin Energy Partners in the global oil and gas market
GEMXX (OTC: GEMZ), a mine-to-market gold, gemstone, and jewelry producer with global reach, is looking to expand into energy projects and position itself as a significant player in the energy market. This goal is part of the company’s strategic expansion plans, exploring important new underground resource exploration opportunities.
“We are confident in our ability to adapt, innovate, and capitalize on new growth opportunities. With a strong focus on expansion and strategic partnerships, we are well-positioned to navigate the evolving market landscape and drive long-term success for our shareholders,” said Richard Clowater, CEO of GEMXX, of the company’s strategic expansion plans (https://nnw.fm/9k3FO ).
In line with its goals to expand its business model and become a significant player in the energy market, the company has been actively negotiating with key strategic partners. The negotiations have so far netted a significant partnership with Latin Energy Partners (“LEP”), an emerging leader and independent E&P company involved in the exploration of significant hydrocarbon reserves in Latin America.
According to a recent announcement, GEMXX and LEP have defined the terms to jointly drill four test wells in a promising geological formation in a Latin American country. This partnership marks a landmark move for both companies in their oil exploration and development pursuits. The partnership particularly aligns with GEMXX’s long-term goals, with CEO Clowater expressing his company’s eagerness to join forces with LEP, combining their expertise to fully harness the potential of two promising target basins in the Latin American country (https://nnw.fm/oJLIe ).
Preliminary explorations in the two basins have revealed extensive sedimentary deposits conducive to oil and gas systems. And with estimates suggesting these basins may hold more than 1 billion barrels each of recoverable oil, GEMXX and LEP are ideally positioned to establish a footprint in the global oil and gas market.
“Our alliance with GEMXX provides us with the expert manpower necessary to elevate our project to global standards. We are setting the stage for groundbreaking developments in oil exploration,” commented Dinesh Kumar Sarraf, Chairman of the Board at LEP.
Mr. Sarraf lends his years of experience to both the partnership and LEP, having previously worked as the chairman and managing director of Oil and Natural Gas Corporation Ltd., India’s premier Exploration and Production (“E&P”) company. Leveraging his expertise, strategic insights, and the support of a team of distinguished energy industry experts, Mr. Sarraf is now steering LEP toward giant (500-million barrel) and super-giant (3-billion+ barrel) oil fields previously overlooked in Latin America.
According to LEP, Latin America has large tracts and regions of under explored sedimentary basins, which hold significant hydrocarbon resources potential. “The Chaco and Parana basins, in particular, have been proven to host all of the necessary elements for material, commercial petroleum systems including world-class, organic-rich source rocks, highly permeable reservoirs, and structural regimes capable of forming large, billion barrel oil fields and trillion cubic feet gas fields,” LEP says on its website (https://nnw.fm/zApTG ).
LEP further notes that although conventional and unconventional oil and gas systems have been identified in both basins, they remain heavily unevaluated and ready for exploitation with contemporary exploration and development technology. Therefore, the strategic partnership between LEP and GEMXX positions the two companies to enter these underexplored regions and potentially begin maturing the oil resources into developed reserves and selling petroleum to the lucrative markets of South America.
For more information, visit the company’s website at www.GEMXX.com/investors.
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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