(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 to serve as Vice President of Operations.
Mr. Marshall was a co-founder and CFO of Criterion Energy Partners. He began his career as a technical oil and gas analyst before being elevated to corporate development roles. Most recently, he was a Vice President within the Energy and Infrastructure group at Credit Suisse’s Investment Bank where he coordinated and created extensive technical and economic analysis of oil and gas assets. Throughout his career, he has worked on numerous transactions exceeding $80 billion dollars in value. Sean holds an MBA from Rice University, and a BA in Political Science and Philosophy from The University of Houston.
Sean’s duties and responsibilities will include field management, reserves analysis, and financial modeling with a focus on optimizing, assessing, and managing oil and gas fields either owned or under consideration by G2. In addition, the VP of Operations will also assist the CEO and the management team in raising the capital necessary to finance the target acquisitions.
Simultaneously G2 would like to announce that David Whitby’s contract as COO has expired and will not be renewed at this time.
Slawek Smulewicz commented: “First I would like to thank Mr. Whitby for his service over the last 12 months. However, G2 is continuing its process of restructuring and the hiring of Sean Marshall represents G2’s commitment to add “boots on the ground” and take advantage of the local connections, expertise, and capital that this brings. G2 is delighted to add Sean to the team, and we look forward to maximizing the value we see ahead of us.”
On Behalf of the Board,
“Slawek Smulewicz”
Slawek Smulewicz
CEO
For further information, please contact:
John Costigan
VP Corporate Development
O: +1 604 620 8589
E: jcostigan@g2.energy
W: WWW.G2.ENERGY
About G2 Energy Corp.
G2 is a junior oil and gas producer listed on the CSE exchange. It's 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, 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 is targeting top tier projects with operating netbacks and infrastructure facilities which will fast track overall oil and gas production growth.
The Canadian Securities Exchange has neither approved nor disapproved the information contained herein.
Forward Looking Statements Caution
Statements in this press release regarding 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 of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. The Company provides forward-looking statements for the purpose of conveying information about current expectations and plans relating to the future, including expectations regarding the Company's ability to meet its outstanding obligations, and readers are cautioned that such statements may not be appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions may not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities may not be achieved. These risks and uncertainties include but are not limited to those identified and reported in the Company’s public filings under the Company’s SEDAR profile at www.sedar.com. The Company's ability to meet its outstanding obligations could differ materially from those currently anticipated due to factors such as: the performance of facilities and pipelines, commodity prices, price volatility, price differentials and the actual prices received for the Company’s products, royalty regimes and exchange rates, the availability of capital, labour and services, the creditworthiness of industry partners, G2’s ability to acquire additional assets,unexpected increases in operating costs, and risks associated with potential future lawsuits and regulatory actions made against the Company including but not limited to being found in default of the Company's obligations to Cloudbreak. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially.
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