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Nexera Energy Inc. (EMBYF) is an energy company based in Southwest Texas, with a focus on oil production. The company operates the Lavernia, Wooden Horse, and Stockdale Horizon Projects. Nexera also owns Production Resources Inc., a South Texas oil company. Recently, Nexera announced a proposed non-brokered private placement offering of convertible unsecured debentures to raise up to $650,000. The proceeds from this offering will be utilized by Production Resources Inc. to expand its oil and gas services by pursuing a cement services branch, which includes plugging and abandoning wells owned by the company and other operators in the South Texas region. This strategic move aims to generate additional revenues while saving costs for the company. The corporation is committed to transparent financial reporting and adheres to regulatory guidelines to provide accurate and timely information to its investors.
Nexera Energy Inc. (OTC PINK:EMBYF) announced a drilling contract with Unison Drilling Inc. to commence horizontal drilling on three wells at the Stockdale Horizon project in South Texas. The operations are expected to take 3-6 weeks, targeting depths of approximately 6,400 feet. CEO Shelby Beattie highlighted that this initiative aims to boost revenue and reflects the company's strategy to aggressively pursue high-impact drilling opportunities. Nexera operates several oil-producing properties in South Texas, enhancing its growth potential.
Nexera Energy Inc. (OTC PINK: EMBYF) has engaged Investor Cubed Inc. for investor relations services in Canada, effective August 2, 2022. Investor Cubed will manage communications, introduce new investors, and oversee social media campaigns for a monthly fee of CDN$7,500. The agreement also includes issuing 1,200,000 stock options at $0.10 per share, vesting quarterly. CEO Neil Simon expressed optimism about Nexera's potential to scale production amid strong oil market conditions.
Nexera Energy Inc. (OTC PINK:EMBYF) has filed its Q1 financial statements and accompanying documents as required by the Alberta Securities Commission. This follows a management cease trade order related to the late filing. The company confirms no material changes or defaults since its previous announcements, nor any insolvency proceedings. Nexera operates oil projects in Southwest Texas and owns 100% of Production Resources Inc.. The forward-looking statements regarding the company are subject to risks and uncertainties.
Nexera Energy Inc. (OTC:EMBYF) has released a bi-weekly default status report as mandated by National Policy 12-203. The company has filed its annual financial statements for the period ended December 31, 2021, but faces a delay in submitting its Q1 financial statements due by May 2022. A Management Cease Trade Order is currently in place for the CEO and CFO, restricting their trading activities. The company plans to meet filing obligations by June 13, 2022, while assuring no additional material defaults or insolvency issues exist.
Nexera Energy Inc. (OTCPINK:EMBYF) issued a bi-weekly Default Status Report following delays in filing its annual financial statements due on April 25, 2022. The Alberta Securities Commission granted a Management Cease Trade Order restricting trading by insiders until the filings are completed, expected by May 30, 2022. No new material information affecting investors has been disclosed. The company will continue to provide updates every two weeks until compliance with filing requirements is achieved.
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