BRÈVE

sur Southern ITS International, Inc. (NASDAQ:SITS)

Pure Oil & Gas Inc. Achieves Milestones and Secures Funding

Pure Oil & Gas Inc., a subsidiary of Southern ITS International, Inc., reported significant advancements in its drilling operations. The company, based in Scottsdale, AZ, manages 14 operating wells and has secured $6 million in fresh funding to bolster its current and future projects.

Over recent months, the company has increased production volumes dramatically, with an estimated 1,980 barrels produced in September, up from 175 in June. This growth reflects improved operational efficiencies and strategic well placements.

Plans are in place to complete an additional five wells by year's end, aimed at increasing production capabilities and reinforcing its market position. Jeremy Larsen, President of Pure Oil & Gas, expressed optimism about the company's progress and future growth prospects.

R. H.

Copyright © 2024 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.

Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève

Voir toutes les actualités de Southern ITS International, Inc.