- In an expansion of operations, GEMXX plans to finance the exploration of extensive oil reserves, specifically targeting giant fields with reserves of 500 million barrels and super-giant fields with over 3 billion barrels located primarily in Latin America
- By leveraging a comprehensive network in the oil and gas sector, GEMXX plans to develop strong strategic partnerships and secure funding to propel exploration efforts quickly
- GEMXX has also announced Richard Clowater as the new Chief Executive Officer and Chairman of the Board, and the appointment of Deane Preston to its Board of Directors, effective May 15, 2024
GEMXX (OTC: GEMZ), an established mine-to-market gem enterprise, has announced that the company is actively broadening its business framework to incorporate private equity funding for oil and gas (“O&G”) exploration ventures. With a large network of global relationships and several strategic alliances recently established, GEMXX is setting the stage to finance the exploration of extensive oil reserves, specifically targeting giant fields with reserves of 500 million barrels and super-giant fields with over 3 billion barrels located primarily in Latin America (https://ibn.fm/gi2e3).
This initiative represents the company’s strategy for onshore O&G exploration opportunities that balance moderate risk and high potential returns. GEMXX is focusing on basins that have been historically neglected and are significantly underexplored yet are believed, based on thorough…
NOTE TO INVESTORS: The latest news and updates relating to GEMZ are available in the company’s newsroom at https://ibn.fm/GEMZ
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