(TheNewswire)
Vancouver, British Columbia – TheNewswire - July 26, 2023. G2 Energy Corp. (CSE:GTOO ) , ( FWB:UD9) ( the "Company" or "G2") ispleased to announce today, that further to itsnews releases date June 12, 2023 and July 18, 2023, it has appointed Oilwell Operators Inc., of Pampas Texas(“ OilwellOperators ”) to be the Operator on Record ofits cornerstone producing asset, the Masten Unit in Cochran County.Oilwell Operators has been registered as such, with the RailwayCommission, until the license can be officially transferred to G2Energy Corp.
Oilwell Operators, Inc. is a 4th generation Texas basedoil and gas upstream company. Established in 1969, but with rootstracing back to 1922, Oilwell Operators has operated thousands ofwells throughout Texas, Oklahoma, and Kansas. Oilwell Operators has aproven track record based on decades of experience, learnedefficiencies, and a philosophy of trust in people andprocesses.
RJ Cree, President of Oilwell Operators commented“ We view our clients as ourpartners. As such, Oilwell Operators is committed to ensuring ourpartner’s properties produce at the highest qualitylevel .”
Slawek Smulewicz, CEO of G2, added “ The OilwellOperators team has already made an immediate impact on our productionin the last 24 hours. The benefits of working with an experienced teamlike Oilwell Operators are significant in terms of fast-trackingproduction increases and on the ground assistance with theidentification of future local opportunities. We look forward todeveloping a long term and successful partnership between G2 andOilwell Operators. ”
On Behalf of the Board,
“ SlawekSmulewicz ”
Slawek Smulewicz
CEO
For further information, please contact:
John Costigan
VP Corporate Development
O: +1 604 6208589
E: jcostigan@g2.energy
W: WWW.G2.ENERGY
About G2 EnergyCorp.
G2 is a junior oil and gas producer listed on the CSEexchange. It's primary focus is to acquire and develop additionaloverlooked, low risk, high return opportunities in the oil and gassector. G2's strategy is to obtain a portfolio of risk-managedproduction and development opportunities onshore, U.S.A. In May 2022,G2 acquired the Masten Unit in the Permian Basin, Texas. The MastenUnit is the Company's first producing asset. G2 is targeting top tierprojects with operating netbacks and infrastructure facilities whichwill fast track overall oil and gas production growth.
The Canadian Securities Exchange hasneither approved nor disapproved the information containedherein.
Forward Looking StatementsCaution
Statements in this press releaseregarding the Company which are not historical facts are“forward-looking statements” that involve risks and uncertainties.Such information can generally be identified by the use offorwarding-looking wording such as “may”, “expect”,“estimate”, “anticipate”, “intend”, “believe” and“continue” or the negative thereof or similar variations. Sinceforward-looking statements address future events and conditions, bytheir very nature, they involve inherent risks and uncertainties. TheCompany provides forward-looking statements for the purpose ofconveying information about current expectations and plans relating tothe future, including expectations regarding the Company's ability tomeet its outstanding obligations, and readers are cautioned that suchstatements may not be appropriate for other purposes. By its nature,this information is subject to inherent risks and uncertainties thatmay be general or specific and which give rise to the possibility thatexpectations, forecasts, predictions, projections or conclusions maynot prove to be accurate, that assumptions may not be correct and thatobjectives, strategic goals and priorities may not be achieved. Theserisks and uncertainties include but are not limited to thoseidentified and reported in the Company’s public filings under theCompany’s SEDAR profile at www.sedar.com. The Company's ability tomeet its outstanding obligations could differ materially from thosecurrently anticipated due to factors such as: the performance offacilities and pipelines, commodity prices, price volatility, pricedifferentials and the actual prices received for the Company’sproducts, royalty regimes and exchange rates, the availability ofcapital, labour and services, the creditworthiness of industrypartners, G2’s ability to acquire additional assets, unexpected increases in operating costs,and risks associated with potential future lawsuits and regulatoryactions made against the Company including but not limited to beingfound in default of the Company's obligations to Cloudbreak. Althoughthe Company has attempted to identify important factors that couldcause actual actions, events or results to differ materially fromthose described in forward-looking information, there may be otherfactors that cause actions, events or results not to be asanticipated, estimated or intended. There can be no assurance thatsuch information will prove to be accurate as actual results andfuture events could differ materially.
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