(TheNewswire)
Vancouver, British Columbia – TheNewswire - October 11, 2023 G2 Energy Corp.(CSE:GTOO ) ( FWB:UD9) (the "Company" or "G2") announced today, that it has appointed Malcolm Burke, aVancouver business executive, to the Company’s Board ofDirectors.
Mr. Burke brings a broadly based, internationalbusiness background to the G2 board of directors. His corporatefinance activities cover a broad spectrum of both private and publiccompanies. These include US-focused commercial and multi-family realestate syndication, oil and gas operations principally in Texas andNew Mexico plus high-level involvement in aquaculture, filmproduction, and mining. Mr. Burke and his business colleagues wereresponsible for raising in excess of $250 million to fund theseventures. Through his Primary Ventures entity, Malcolm has developed aglobal network of business leaders including notable figures on theCanadian business landscape.
Malcolm Burke commented: “I believe the combination of timing,industry economics, and an impressive new operating team will enableG2 to rapidly execute its strategic production plan. Earlierchallenges have been addressed and the opportunity for significantgrowth is excellent.”
Slawek Smulewicz added: “Malcom brings a depth of knowledgeacross a wide range of industries, (Including oil and gas in Texas),and adds a valuable perspective to our strategic planning. We havealready benefited from his counsel and financial connections. Thisappointment acknowledges his present and future value to ourcompany”.
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 that objectives, strategicgoals and priorities may not be achieved. These risks anduncertainties include but are not limited to those identified andreported in the Company’s public filings under the Company’s SEDARprofile at www.sedar.com. The Company's ability to meet itsoutstanding obligations could differ materially from those currentlyanticipated due to factors such as: the performance of facilities andpipelines, commodity prices, price volatility, price differentials andthe actual prices received for the Company’s products, royaltyregimes and exchange rates, the availability of capital, labour andservices, the creditworthiness of industry partners, G2’s ability toacquire additional assets, unexpected increases in operating costs, and risks associated withpotential future lawsuits and regulatory actions made against theCompany including but not limited to being found in default of theCompany's obligations to Cloudbreak. Although the Company hasattempted to identify important factors that could cause actualactions, events or results to differ materially from those describedin forward-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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