2023-06-12 09:57:17 ET
- G2 Energy ( OTCPK:GTGEF ) has initiated an application process to the Texas Railroad Commission to become the operator of its cornerstone-producing asset , the Masten Unit in Cochran county, Texas.
- G2 has assembled an experienced operating team of local oil industry professionals that can advance the Masten Unit in a safe and efficient manner under the direction of G2’s COO, David Whitby.
- G2 is expecting to become the Operator of Records, as defined by the Texas Railroad Commission, in a few weeks period, and is gearing up for the transition to start immediately.
- "Our first priority will be to initiate a low-cost work-over program on 6 of our existing wells following our capital raise. We anticipate a substantial increase in both our production and the resultant cash flow within 90 days.” said Slawek Smulewicz, CEO.
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G2 Energy to become the operator of its cornerstone asset