NetworkNewsBreaks – GEMXX Corp. (GEMZ) Collabora
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GEMXX (OTC: GEMZ) today announced its entry into a definitive agreement with Latin Energy Partners (“LEP”) to drill four test wells in a highly promising geological formation in Latin America. The strategic venture marks a significant milestone in GEMXX’s expansion into the energy sector, demonstrating the company’s commitment to diversification and growth. According to the announcement, the project will be led by Dinesh Kumar Sarraf, the former chairman and managing director of India’s premier exploration and production company, Oil and Natural Gas Corporation Ltd. “We are thrilled to collaborate with Latin Energy Partners and leverage Mr. Sarraf’s unparalleled expertise in the oil and gas industry,” said Richard Clowater, CEO of GEMXX Corporation. “This partnership aligns with our strategic goals of resource diversification and capitalizing on high-potential opportunities in the energy sector. The drilling of these test wells is a crucial step towards unlocking significant value for our shareholders.”
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