GEMXX Corp. (GEMZ) Plans to Fully Harness Potentia
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Posted On: 07/16/2024 4:33:04 PM
GEMXX Corp. (GEMZ) Plans to Fully Harness Potential of Two Promising Target Basins in Latin America, Bolstered by Recent Strategic Addition to Primary Investment Target’s Board
- GEMXX recently announced the addition of Ali S. Abood to the board of its primary investment target, Latin Energy Partners (“LEP”)
- The company signed in early June a definitive agreement with LEP to drill four test wells in a highly promising geological formation in Latin America
- GEMXX and LEP are joining forces to fully harness the potential of two target basins estimated to hold more than 1 billion barrels each of recoverable oil
- The strategic addition of Mr. Abood to LEP’s board aligns with its commitment to strengthening its investment portfolio and expanding its influence in the global energy sector
- Mr. Abood brings a wealth of experience in international business, finance, and consultancy, having held senior directorships and advisory roles in multiple multinational corporations and done consultancy work for defense, engineering, and technology firms
GEMXX (OTC: GEMZ), a mine-to-market gold, gemstone, and jewelry producer with global reach, earlier this month signed a definitive agreement with Latin America Partners (“LEP”), an emerging leader and an independent E&P company involved in exploring significant hydrocarbon reserves in Latin America. The agreement kickstarted a collaboration to drill four test wells in a highly promising geological formation in Latin America, representing a significant milestone in the company’s expansion into the energy sector (https://nnw.fm/8nif6 .
LEP is guided by Dinesh Kumar Sarraf, the Chairman of the Board. The former Chairman and Managing Director of India’s premier E&P company, Oil and Natural Gas Corporation Ltd (“ONGC”), Mr. Sarraf is leveraging his extensive experience and strategic acumen to guide LEP toward identifying and developing 500-million-barrel (giant) and 3-billion+-barrel (super-giant) oil fields in Latin America. He leads a team of distinguished energy industry experts who, for decades, have been actively involved in global oil and gas exploration. This team has since expanded following a recent strategic addition.
As GEMXX announced in a recent news release, Ali S. Abood has joined the board of Latin Energy Partners (https://nnw.fm/pNMzJ ). The addition, GEMXX notes, aligns with its commitment to strengthening its investment portfolio and expanding its influence in the global energy sector.
“We are thrilled to announce Ali S. Abood has joined the board of Latin America Partners,” said Richard Clowater, CEO of GEMXX. “His extensive experience and proven track record in securing significant business relationships and funding will be invaluable as we continue to expand our investments in the energy sector. We are confident that Mr. Abood’s leadership and insights will drive substantial growth and success for Latin Energy Partners.”
Mr. Abood brings a wealth of experience in international business, finance, and consultancy. He has held senior directorships and advisory roles in multiple multinational corporations operating in a myriad of sectors, including mining, energy, commodity trading, and financial services. Notable roles include key positions at Esso (Exxon) and the National Commercial Bank of Saudi Arabia. He has also consulted for defense, engineering, and technology firms.
Mr. Abood is particularly known for his negotiation skills and high-level political and senior business contacts in the Middle East, Africa, and around the world. He boasts an entrepreneurial spirit and employs innovative marketing strategies that have seen him consistently secure substantial business deals for his clients. Mr. Abood is an expert in arranging funding through international government credit agencies and syndicated loans; this expertise has been crucial to facilitating major business transactions. As a result, GEMXX and its primary investment target, LEP, believe he is well-positioned to contribute to LEP’s strategic growth and success, a belief that Mr. Abood also holds.
“My extensive experience in international business and finance, particularly in the energy sector, has prepared me well for this exciting role. No other onshore oil blocks have this multi-billion-barrel potential. I look forward to leveraging my expertise to secure key business relationships and funding opportunities that will drive Latin Energy Partners to new heights,” conveyed Mr. Abood.
The collective experience of the team at LEP will be crucial in ensuring the success of the venture with GEMXX, which is expected to span the initial drilling phase through to potential full-scale production. According to GEMXX, preliminary explorations in two target basins have presented promising results. In particular, the results have revealed extensive sedimentary deposits perfect for successful oil and gas systems, with estimates suggesting these basins may hold more than 1 billion barrels each of recoverable oil. The estimates position GEMXX and LEP to establish a footprint in the global oil and gas market.
“We are eager to combine our expertise to fully harness the potential of these promising basins,” commented Clowater in a May 14 news release announcing the partnership with LEP (https://nnw.fm/C6ycZ ).
For more information, visit the company’s website at www.GEMXX.com.
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 announced the addition of Ali S. Abood to the board of its primary investment target, Latin Energy Partners (“LEP”)
- The company signed in early June a definitive agreement with LEP to drill four test wells in a highly promising geological formation in Latin America
- GEMXX and LEP are joining forces to fully harness the potential of two target basins estimated to hold more than 1 billion barrels each of recoverable oil
- The strategic addition of Mr. Abood to LEP’s board aligns with its commitment to strengthening its investment portfolio and expanding its influence in the global energy sector
- Mr. Abood brings a wealth of experience in international business, finance, and consultancy, having held senior directorships and advisory roles in multiple multinational corporations and done consultancy work for defense, engineering, and technology firms
GEMXX (OTC: GEMZ), a mine-to-market gold, gemstone, and jewelry producer with global reach, earlier this month signed a definitive agreement with Latin America Partners (“LEP”), an emerging leader and an independent E&P company involved in exploring significant hydrocarbon reserves in Latin America. The agreement kickstarted a collaboration to drill four test wells in a highly promising geological formation in Latin America, representing a significant milestone in the company’s expansion into the energy sector (https://nnw.fm/8nif6 .
LEP is guided by Dinesh Kumar Sarraf, the Chairman of the Board. The former Chairman and Managing Director of India’s premier E&P company, Oil and Natural Gas Corporation Ltd (“ONGC”), Mr. Sarraf is leveraging his extensive experience and strategic acumen to guide LEP toward identifying and developing 500-million-barrel (giant) and 3-billion+-barrel (super-giant) oil fields in Latin America. He leads a team of distinguished energy industry experts who, for decades, have been actively involved in global oil and gas exploration. This team has since expanded following a recent strategic addition.
As GEMXX announced in a recent news release, Ali S. Abood has joined the board of Latin Energy Partners (https://nnw.fm/pNMzJ ). The addition, GEMXX notes, aligns with its commitment to strengthening its investment portfolio and expanding its influence in the global energy sector.
“We are thrilled to announce Ali S. Abood has joined the board of Latin America Partners,” said Richard Clowater, CEO of GEMXX. “His extensive experience and proven track record in securing significant business relationships and funding will be invaluable as we continue to expand our investments in the energy sector. We are confident that Mr. Abood’s leadership and insights will drive substantial growth and success for Latin Energy Partners.”
Mr. Abood brings a wealth of experience in international business, finance, and consultancy. He has held senior directorships and advisory roles in multiple multinational corporations operating in a myriad of sectors, including mining, energy, commodity trading, and financial services. Notable roles include key positions at Esso (Exxon) and the National Commercial Bank of Saudi Arabia. He has also consulted for defense, engineering, and technology firms.
Mr. Abood is particularly known for his negotiation skills and high-level political and senior business contacts in the Middle East, Africa, and around the world. He boasts an entrepreneurial spirit and employs innovative marketing strategies that have seen him consistently secure substantial business deals for his clients. Mr. Abood is an expert in arranging funding through international government credit agencies and syndicated loans; this expertise has been crucial to facilitating major business transactions. As a result, GEMXX and its primary investment target, LEP, believe he is well-positioned to contribute to LEP’s strategic growth and success, a belief that Mr. Abood also holds.
“My extensive experience in international business and finance, particularly in the energy sector, has prepared me well for this exciting role. No other onshore oil blocks have this multi-billion-barrel potential. I look forward to leveraging my expertise to secure key business relationships and funding opportunities that will drive Latin Energy Partners to new heights,” conveyed Mr. Abood.
The collective experience of the team at LEP will be crucial in ensuring the success of the venture with GEMXX, which is expected to span the initial drilling phase through to potential full-scale production. According to GEMXX, preliminary explorations in two target basins have presented promising results. In particular, the results have revealed extensive sedimentary deposits perfect for successful oil and gas systems, with estimates suggesting these basins may hold more than 1 billion barrels each of recoverable oil. The estimates position GEMXX and LEP to establish a footprint in the global oil and gas market.
“We are eager to combine our expertise to fully harness the potential of these promising basins,” commented Clowater in a May 14 news release announcing the partnership with LEP (https://nnw.fm/C6ycZ ).
For more information, visit the company’s website at www.GEMXX.com.
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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