(TheNewswire)
Vancouver, British Columbia - TheNewswire - September 19, 2023 - G2 Energy Corp. (CSE:GTOO ) ( FWB:UD9) ( the "Company" or "G2") announces today, that it has hired Sean Marshall of Houston Texas toserve as Vice President of Operations.
Mr. Marshall was a co-founder and CFO of CriterionEnergy Partners. He began his career as a technical oil and gasanalyst before being elevated to corporate development roles. Mostrecently, he was a Vice President within the Energy and Infrastructuregroup at Credit Suisse’s Investment Bank where he coordinated andcreated extensive technical and economic analysis of oil and gasassets. Throughout his career, he has worked on numerous transactionsexceeding $80 billion dollars in value. Sean holds an MBA from RiceUniversity, and a BA in Political Science and Philosophy from TheUniversity of Houston.
Sean’s duties and responsibilities will include fieldmanagement, reserves analysis, and financial modeling with a focus onoptimizing, assessing, and managing oil and gas fields either owned orunder consideration by G2. In addition, the VP of Operations will alsoassist the CEO and the management team in raising the capitalnecessary to finance the target acquisitions.
Simultaneously G2 would like to announce that DavidWhitby’s contract as COO has expired and will not be renewed at thistime.
Slawek Smulewicz commented: “ First I would like to thank Mr. Whitby forhis service over the last 12 months. However, G2 is continuing itsprocess of restructuring and the hiring of Sean Marshall representsG2’s commitment to add “boots on the ground” and take advantageof the local connections, expertise, and capital that this brings. G2is delighted to add Sean to the team, and we look forward tomaximizing the value we see ahead of us.”
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, by their very nature, theyinvolve inherent risks and uncertainties. The Company providesforward-looking statements for the purpose of conveying informationabout current expectations and plans relating to the future, includingexpectations regarding the Company's ability to meet its outstandingobligations, and readers are cautioned that such statements may not beappropriate for other purposes. By its nature, this information issubject to inherent risks and uncertainties that may be general orspecific and which give rise to the possibility that expectations,forecasts, predictions, projections or conclusions may not prove to beaccurate, that assumptions may not be correct and that objectives,strategic goals 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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