LAS VEGAS, May 07, 2024 (GLOBE NEWSWIRE) -- via IBN - GEMXX Corporation (OTC:GEMZ) ("GEMXX" or the "Company"), GEMXX Corporation is strategically expanding its business model to include private equity funding for oil and gas (O&G) exploration. Leveraging its many relationships around the world, and newly formed strategic partnerships, this new business channel will fund exploration of giant (500 million barrels) and super-giant (3 billion+ barrels) oil fields in Latin America.
The addition of this new business channel represents a calculated move to tap into moderate-risk, high-reward onshore O&G opportunities. The targeted focus is on overlooked and very underexplored basins, which Company research confirms are the correct conditions to hold substantial oil reserves. Utilizing an extensive O&G network including major global players, GEMXX aims to forge robust strategic partnerships and secure essential capital to quickly advance these ambitious exploration projects.
Currently, GEMXX is in final negotiations to secure financing for an impressive four-well, wildcat drilling program aimed at discovering vast O&G reserves. For this initiative, the Company is strategically shifting towards private equity funding. GEMXX aims to enhance its presence in the global energy market but also create maximum shareholder value by ensuring lucrative returns on investment.
Further, GEMXX is very pleased to ...