(TheNewswire)
Vancouver, B C - TheNewswire - December 30, 2022 - G2 Energy Corp. (CSE:GTOO ) ( FWB:UD9) (the " Company " or " G2 ") is pleased to confirm that further toits default announcement on October 28, 2022, and subsequent bi-weeklyannouncements on November 14, 2022, November 28, 2022, and December16, 2022, G2 completed today the filing of its audited annualfinancial statements for the year ended June 30, 2022, accompanyingmanagement's discussion and analysis, related CEO and CFOcertifications, AB and ON Form 13-501F1's - Class 1 and 3B Reporting IssuersParticipation Fee , and Forms 51-101 F1, F2 andF3 - Oil and gas annualdisclosure filings (together, the" AnnualFilings "). The Annual Filings are availablefor review under G2's profile on SEDAR at wwww.sedar.com.
The Company is also pleased to confirm that it hasfiled its unaudited financial statements for thethree-month period ended September 30, 2022, accompanying management'sdiscussion and analysis, and related CEO and CFO certifications(together, the " Q1Filings ") that were due to be filed onNovember 29, 2022. The Q1 Filings are available for review under theCompany's SEDAR profile.
As a consequence, the Company will apply for revocationof the management cease trade order issued by the British ColumbiaSecurities Commission in respect of the delayed Annual Filings inaccordance with National Policy 12-202 Revocation of Certain Cease TradeOrders .
On Behalf of the Board,
“ Sam Wong ”
Sam Wong
CFO
For further information, please contact
John Costigan
VP Corporate Development
O: +1 778 7754985
W: WWW.G2.ENERGY
About G2 EnergyCorp.
G2 Energy Corp. is a profitable junior oil and gasproducer listed on the CSE exchange. It's primary focus is to acquireand develop additional overlooked, low risk, high return opportunitiesin the oil and gas sector. G2's strategy is to obtain a portfolio ofrisk-managed production and development opportunities onshore, U.S.A.In May 2022, G2 acquired the Masten Unit in the Permian Basin, Texas.The Masten Unit is the Company's first producing asset. G2 istargeting top tier projects with operating netbacks and infrastructurefacilities which will fast track overall oil and gas productiongrowth.
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. The Company providesforward-looking statements for the purpose of conveying informationabout current expectations and plans relating to the future,including expectations forthe effects of the change of business of G2 to oil andgas, and readers arecautioned that such statements may not be appropriate for otherpurposes. By its nature, this information is subject to inherent risksand uncertainties that may be general or specific and which give riseto the possibility that expectations, forecasts, predictions,projections or conclusions may not prove to be accurate, thatassumptions may not be correct and that objectives, strategic goalsand priorities may not be achieved. These risks and uncertaintiesinclude but are not limited those identified and reported in theCompany’s public filings under the Company’s SEDAR profile atwww.sedar.com. Statementsrelating to “reserves” are also deemed to be forward-lookingstatements, as they involve the implied assessment, based on certainestimates and assumptions, that the reserves described exist in thequantities predicted or estimated and that the reserves can beprofitably produced in the future. Actual results could differ materiallyfrom those currently anticipated due to factors such as: the performance of wells, the availabilityand performance of facilities and pipelines, the geologicalcharacteristics of G2's properties, prevailing weather and break-upconditions, commodity prices, price volatility, price differentialsand the actual prices received for the Company’s products, royaltyregimes and exchange rates, the application of regulatory andlicensing requirements, the availability of capital, labour andservices, the creditworthiness of industry partners, and G2’sability to acquire additional assets. Although the Company has attempted toidentify important factors that could cause actual actions, events orresults to differ materially from those described in forward-lookinginformation, there may be other factors that cause actions, events orresults not to be as anticipated, estimated or intended. There can beno assurance that such information will prove to be accurate as actualresults and future events could differ materially.
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