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HOLIDAY ISLAND HLDGS INC - HIHI STOCK NEWS

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Holiday Island Holdings, Inc., located in Portsmouth, Virginia, is a prominent sports company with recent groundbreaking discoveries in the oil industry. Collaborating with Benchmark Petroleum Partners and The Royal Family Oil Investment, LLC, the company is venturing into significant oil projects in central Texas. Led by CEO Glenn Klinker and VP Alverico Asencio, EP3OIL is on the verge of expanding its revenue and operations through various partnerships and ventures in the oil sector.

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Holiday Island Holdings, Inc. (OTC: HIHI), soon to be rebranded as EP3Oil, Inc., has announced a shift in its primary focus to its two Metcalf oil wells. This decision follows an unexpected pause in production at the Windy Point well. The Metcalf wells, authentic Secondary Oil Recovery reservoirs, have been reactivated after 40 years of dormancy and are expected to be operational as early as next week.

Historically, each Metcalf well produced hundreds of barrels of oil per day. The company has revised its target to up to a multiple of its original daily oil/revenue production within two years. EP3 is also in negotiations to acquire additional oil production assets in Texas while expanding existing operations.

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Holiday Island Holdings, Inc. (OTC: HIHI), soon to be EP3Oil, Inc., has commenced oil production at its Windy Point well in Central Texas. The company controls a 300-acre lease with potential for multiple wells and sits on a large proven oil reserve. CEO Glenn Klinker expects revenue generation within 30 days, marking a first in the company's history. HIHI is also nearing production on the neighboring Metcalf lease. With two oil-producing fields secured in Central Texas, the company plans further expansion. VP of Marketing Asencio highlighted 7 months of progress in oil recovery efforts and anticipates more advancements in the coming year. The company is also working on a name and symbol change, with news expected this month.

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Holiday Island Holdings, Inc. (OTC: HIHI), soon to be EP3Oil, Inc., has announced significant progress in its Windy Point development project in Central Texas. The company is in the final stages of pumping oil and generating revenue from its first completed oil well. Tests have revealed large quantities and strong consistency of crude oil.

CEO Glenn Klinker expressed his goal to generate significant revenue and become a player in the regional oil business. VP of Marketing, Mr. Asencio, shared his excitement about the project's success. The company is partnered with Cavalier Oil, which includes experienced oilmen, geologists, and engineers, to further develop and expand the field.

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Holiday Island Holdings (OTC: HIHI), soon to be EP3Oil, has secured $525,000 in funding for its Windy Point oil extraction project in central Texas. The project, a joint venture with Cavalier Oil, has shown promising test results and could start production within two months. Windy Point has the potential for up to ten wells, with future expansion contingent on the first well's performance. However, setbacks in a previous joint venture on the Metcalf development, including pending regulatory approvals, have delayed revenue expectations. CEO Glenn Klinker anticipates healthy revenue once both projects are operational. Further updates will be provided via press releases.

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Holiday Island Holdings, Inc. (OTC: HIHI) has put the LOI with Supeca Oil Trading USA, on hold due to funding delays, but remains committed to working on the Drummond Oil Field project and other oil acquisition and development projects. The company is optimistic about future partnerships and upcoming projects like Windy Point. CEO Glenn Klinker and VP Alverico Ascencio express confidence in the collaboration with Supeca. Holiday Island Holdings, now EP3OIL, prioritizes transparency and communication with shareholders and the public.
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Holiday Island Holdings, Inc. (HIHI) partners with Royal Family Oil Investment, LLC. to develop Windy Pointe Oil Field in Central Texas. EP3OIL, soon to be the new name, secures funding for the project and will receive 20% of net revenue. The joint venture aims to offer turnkey opportunities in the oil business, garnering investor confidence and support.
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Holiday Island Holdings, Inc. announces a deal for a 40-acre lease and development of Windy Pointe in central Texas with Benchmark Petroleum Partners and The Royal Family Oil Investment, LLC. The project aims to increase revenue significantly and expand EP3Oil's operations in 2024.
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Holiday Island Holdings, Inc., dba EP3OIL, has accepted a Letter of Intent for a Joint Venture with Supeca Oil, receiving $2.5 million to develop the Drummond Oil Field in West Texas. Projections indicate a significant increase in oil production revenue. EP3OIL's CEO is pleased with investor confidence, and the company's VP for Latin America looks forward to future collaborations with Supeca Oil.
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Holiday Island Holdings, Inc. (OTC: HIHI) has finalized a deal for multiple Oil Wells in West Texas Permian Basin, aiming to become a leading company in the Secondary Recovery of Oil & Gas Industry. The CEO, Glenn Klinker, is confident in the revenue potential of these wells and plans to offer participation in Limited Partnerships to qualified individuals. The VP, Alverico Asencio, has strong partnerships in South America and the United States, and is optimistic about funding these endeavors. The company is focused on locating and closing acquisition opportunities to add revenues and earnings to its books.
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Holiday Island Holdings, Inc. (HIHI) has announced a new direction in the Oil and Gas Industry with the appointment of Glenn Klinker as CEO. The company is finalizing the funding of two wells in the Permian Basin and expects to start generating revenue from these wells in mid-February. With plans to change its name to Enhanced Petroleum Extraction Enterprises, Inc. (EP3Oil), the company aims to expand its opportunities in secondary Oil Recovery throughout 2024.
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FAQ

What is the current stock price of HOLIDAY ISLAND HLDGS (HIHI)?

The current stock price of HOLIDAY ISLAND HLDGS (HIHI) is $0.0261 as of October 15, 2024.

What is the market cap of HOLIDAY ISLAND HLDGS (HIHI)?

The market cap of HOLIDAY ISLAND HLDGS (HIHI) is approximately 4.8M.

Where is Holiday Island Holdings, Inc. located?

Holiday Island Holdings, Inc. is located in Portsmouth, Virginia.

What sector does Holiday Island Holdings, Inc. operate in?

Holiday Island Holdings, Inc. operates in the sports industry, with recent ventures in the oil sector.

Who are the key individuals leading EP3OIL?

CEO Glenn Klinker and VP Alverico Asencio are the key individuals leading EP3OIL.

What are some of the recent achievements of EP3OIL?

EP3OIL has made groundbreaking oil discoveries in central Texas and is expanding its revenue through strategic partnerships.

What is the future outlook for EP3OIL?

EP3OIL is expected to continue growing its operations and revenue through upcoming oil projects and joint ventures.

HOLIDAY ISLAND HLDGS INC

OTC:HIHI

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4.80M
Oil & Gas Drilling
Energy
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United States of America
Holiday Island