EP3OIL, Inc. Begins Development of Oil Production of the Windy Pointe Oil Reserve in Central Texas
HOLIDAY ISLAND HLDGS INC (HIHI)
NASDAQ:AMEX Investor Relations:
quotes.wsj.com/hihi
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Source: GlobeNewswire
PLANT CITY, Fla., March 07, 2024 (GLOBE NEWSWIRE) -- Holiday Island Holdings, Inc. - soon to be EP3OIL, Inc. -(OTC: HIHI) has funded a $500,000 development of Windy Pointe Oil Field. Though a joint venture with the Royal Family Oil Investment, LLC., EP3OIL has acquired the rights and will begin drilling on a 40-acre oil field located in Central Texas. The Royal Family Oil Investment has agreed to provide the remaining funds necessary over the next 60 days. EP3OIL will receive 20% of the net revenue from oil production for the management and overseeing of this project. Glenn Klinker is quoted: “EP3OIL is excited to offer joint ventures as a way to partner with high net worth families, or individuals interested in getting into a turn key opportunity in the oil business.“ The Royal Family Oil and Gas, LLC General Partner, Mr. Jose “Perry” Taveras, said: “ We are very excited to be working with a great partner in EP3OIL, and we are looking forward to a long and mutually beneficial
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News
- EP3Oil Enters Into an LOI For Drilling on the Windy Pointe Oil Reserve in TexasGlobeNewswire
- Holiday Island Holdings, Inc. Secures a Letter of Intent to Enter Into a Joint Venture With a Highly Experienced International Oil Company to Drill for Oil in Texas [Yahoo! Finance]Yahoo! Finance
- Holiday Island Holdings, Inc. Secures a Letter of Intent to Enter Into a Joint Venture With a Highly Experienced International Oil Company to Drill for Oil in TexasGlobeNewswire