Amazing Energy Oil and Gas Co. Enters into Agreement with Gulf South Securities, Inc.
Amazing Energy Oil and Gas Co. (OTCQX: AMAZ) is pleased to announce the
execution of a non-binding Letter of Intent, which relates to the
acquisition of Gulf South Securities, Inc., a firm specializing in the
raising of both drilling and corporate capital.
Jed Miesner, CEO of the Company, announced, “The team at Gulf South has
a proven track record of delivering the capital for continued and
accelerated drilling on our acreage position. We see a very attractive
opportunity to move ahead when well costs have declined significantly in
the past year. The addition of Gulf South’s capital raising and
geological experience will be a valuable addition to our team.”
Cautionary Statement: Statement of future events or conditions in this
release are forward-looking statements. Actual future results, including
project plans and schedule and resource recoveries could differ
materially due to changes in market condition affecting the oil and gas
industry or long term oil and gas price levels; political or regulatory
developments; reservoir performance; the outcome of future exploration
and development efforts; technical or operating factors; the outcome of
future commercial negotiations, and other factors.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160309006419/en/
Copyright Business Wire 2016
Source: Business Wire
(March 9, 2016 - 5:26 PM EST)
News by QuoteMedia
www.quotemedia.com