- The strategic venture marks a milestone in the company’s expansion into the energy sector, demonstrating GEMXX’s commitment to diversification and growth
- The project will be overseen by Dinesh Kumar Sarraf, the former chairman and managing director of Oil and Natural Gas Corporation Ltd, India’s leading exploration and production company
- The drilling of the four test wells is set to begin in the coming months, with expected results providing valuable data on the region’s oil potential
GEMXX (OTC: GEMZ), a publicly traded exploration company engaged in gold, gemstones, oil, and gas, has announced the signing of a Definitive Agreement with Latin Energy Partners (“LEP”) to drill four test wells in a promising geological formation in Latin America. This strategic venture represents a significant milestone in GEMXX’s expansion into the energy sector, highlighting the company’s dedication to diversification, growth, and enhancing shareholder value. For more information, visit (https://ibn.fm/wW3Jo).
Latin Energy Partners is a rising independent exploration and production company focused on discovering substantial hydrocarbon reserves in Latin America, an area with significant untapped potential. LEP leverages extensive intellectual property and deep regional geological knowledge in its…
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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