(TheNewswire)
Vancouver, BritishColumbia – TheNewswire - August 10, 2023 - G2Energy Corp. (CSE:GTOO ) , ( FWB:UD9) ( the "Company" or"G2") announcestoday, that it has signed a service agreement with Energy BackOffice Solutions, LLC (“ EBOS” ) a Texas Corporation. By engaging EBOS, G2 reiterates it'scommitment to improving efficiency and transparency, and positionsitself for future growth. EBOS’s oil and gas back office servicesare utilized by operated and non-operated working interest owners,royalty and mineral owners, and investors throughout Texas, Oklahoma,Arkansas, and Kansas.
Slawek Smulewicz said:“ Byengaging EBOS we are essentially adding a new team with deep oil andgas experience to deliver a comprehensive documentation service thatdeals with everything from the detailed monthly reporting of ouroperating assets to annual Tax reporting and any reports directed byG2. This is a continuation of our strategy as the new operators of theMasten unit to rectify the opacity of the previous operator and addadditional value and complete transparency for our shareholders andstakeholders. ”
To reiterate, the company’s financing(the “ Financing ”) remainsopen at this time as it has received an extension from the Canadian Securities Exchangeupon which the final closing of the Financing has been extended untilOctober 9, 2023.
On Behalf of the Board
“Slawek Smulewicz”
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, eventsor results to differ materially from those described inforward-looking information, there may be other factors that causeactions, events or results not to be as anticipated, estimated orintended. There can be no assurance that such information will proveto be accurate as actual results and future events could differmaterially.
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