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
HOLIDAY ISLAND HLDGS INC (HIHI)
NASDAQ:AMEX Investor Relations:
quotes.wsj.com/hihi
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Source: GlobeNewswire
PLANT CITY, Fla., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Holiday Island Holdings, Inc., dba EP3OIL, (OTC: HIHI) – operating in the Secondary Recovery of Oil & Gas Industry – has accepted a Letter of Intent to enter into a Joint Venture wherein it will receive $2.5 million from a highly experienced international oil company - Supeca Oil - to develop the Drummond Oil Field located in West Texas. Projections on this field, as reported by Benchmark Petroleum Partners, indicated a significant increase in gross revenue of oil production over its life. Glenn Klinker, CEO and Chairman of EP3OIL, says: “I am so happy with the confidence investors have instilled in EP3OIL and our ability to produce highly rewarding oil production.” Our recently appointed Vice President and Marketing Director for Latin America, Mr. Alverico Asencio, says: “EP3OIL is very excited to be working with such a knowledgeable and experienced company.” Mr. Asencio and his team are looking forward to this JV, which is e
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News
- EP3OIL, Inc. Begins Development of Oil Production of the Windy Pointe Oil Reserve in Central TexasGlobeNewswire
- 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. is Developing Multiple Income Producing Oil Wells in West Texas [Yahoo! Finance]Yahoo! Finance
- Holiday Island Holdings, Inc. is Developing Multiple Income Producing Oil Wells in West TexasGlobeNewswire