Today.
G2 Energy signs service deal with Texas co. Energy Back
2023-08-10 12:11 ET - News Release
Mr. Slawek Smulewicz reports
G2 ENERGY ANNOUNCES SIGNING OF AGREEMENT WITH ENERGY BACK OFFICE SOLUTIONS
G2 Energy Corp. has signed a service agreement with Energy Back Office Solutions LLC (EBOS), a Texas corporation. By engaging EBOS, G2 reiterates its commitment to improving efficiency and transparency, and positions itself for future growth. EBOS's oil and gas back office services are utilized by operated and non-operated working interest owners, royalty and mineral owners, and investors throughout Texas, Oklahoma, Arkansas and Kansas.
Slawek Smulewicz said: "By engaging EBOS we are essentially adding a new team with deep oil and gas experience to deliver a comprehensive documentation service that deals with everything from the detailed monthly reporting of our operating assets to annual tax reporting and any reports directed by G2. This is a continuation of our strategy as the new operators of the Masten unit to rectify the opacity of the previous operator and add additional value and complete transparency for our shareholders and stakeholders."
To reiterate, the company's financing remains open at this time as it has received an extension from the Canadian Securities Exchange upon which the final closing of the financing has been extended until Oct. 9, 2023.
About G2 Energy Corp.
G2 is a junior oil and gas producer listed on the Canadian Securities Exchange. Its primary focus is to acquire and develop additional overlooked, low-risk, high-return opportunities in the oil and gas sector. G2's strategy is to obtain a portfolio of risk-managed production and development opportunities onshore, United States. In May, 2022, G2 acquired the Masten unit in the Permian basin, Texas. The Masten unit is the company's first producing asset. G2 is targeting top-tier projects with operating netbacks and infrastructure facilities which will fast-track overall oil and gas production growth.