Welcome to our dedicated page for Metawells Oil & Gas news (Ticker: KOSK), a resource for investors and traders seeking the latest updates and insights on Metawells Oil & Gas stock.
Metawells Oil & Gas Inc. (KOSK) operates at the intersection of energy production and environmental technology, specializing in revitalizing dormant oil reserves through enhanced recovery methods and methane capture systems. This page serves as the definitive source for tracking the company’s operational developments, strategic partnerships, and technological advancements.
Investors and industry observers will find timely updates on KOSK’s merger activities, including collaborations with Global Oil & Gas Recovery Corp and South Plains Petroleum. The news collection focuses on three key areas: enhanced oil recovery projects, methane conversion technology deployments, and strategic expansions within US energy basins.
All content is curated to provide actionable insights into the company’s dual-sector approach, combining traditional energy expertise with innovative emission-reduction solutions. Regular updates ensure stakeholders remain informed about operational milestones, regulatory compliance achievements, and patent developments related to Mobile Methane Refining Units (MRUs).
Bookmark this page for centralized access to Metawells’ latest press releases and analysis of its unique position in sustainable resource recovery. Check back frequently for updates on how KOSK continues to transform abandoned wells into productive assets while addressing methane emissions.
Metawells Oil & Gas (KOSK) announces that its merger candidate, South Plains Petroleum, is offering a 10% convertible bond to fund oil property development in Texas and Louisiana. The offering includes 400 bonds at $5,000 each, convertible to 2,500 company shares, available to accredited investors.
The company's main assets include:
- Eastern Permian Basin properties with 2.25-2.5 million barrels of recoverable oil reserves (PV10: $27 million)
- Welch lease with 800,000 estimated recoverable barrels (PV10: $20 million)
- South Abilene field with 400,000 recoverable barrels
- Louisiana properties with 18+ BCF of natural gas and 1.8 million barrels of oil recoverable (PV10: $35+ million)
South Plains' by-laws include a 5% dividend provision when oil exceeds $60 and gas exceeds $3.
Metawells Oil and Gas Inc. (OTC PINK:KOSK) and South Plains Petroleum have announced a merger agreement with unanimous board approval. The deal involves a 1.5:1 share exchange ratio and includes plans to uplist to NASDAQ with a minimum $4.00 share price requirement.
South Plains brings significant assets including:
- Eastern Permian Basin properties with 2.25-2.5 million barrels of recoverable oil (PV10: $27 million)
- Welch lease with 800,000 estimated recoverable barrels (PV10: $20 million)
- Southern Abilene field with 400,000 recoverable barrels (PV10: $10 million)
- Louisiana properties with 18+ BCF of natural gas and 1.8 million barrels of oil (PV10: $35+ million)
Metawells Oil & Gas Inc. (KOSK) announces updates following a recent Letter of Intent with Global Oil and Gas Recovery Corp, expecting an executed agreement soon. The partnership aims to enhance oil recovery techniques using the Green Technology called PENG to revive abandoned wells in the United States. This collaboration tackles environmental issues by converting leaking Methane gas into usable fuel, ultimately benefiting both companies and the environment.
One Step Vending Corp. (KOSK) announced the execution of its second vertical farm order following its acquisition of 51% in Light Leaf Farms (LLF). This strategic move is expected to enhance revenues for 2022 as LLF manages daily operations of the jointly-owned vertical farms. The new warehouse farm, set to operate by July 2022, is forecasted to generate approximately $522,068 annually, nearly double the output of the previous modular farm. Revenue from co-owned farms will be shared equally between KOSK and LLF, potentially reaching $783,101 yearly.
One Step Vending Corp. (OTC: KOSK) is set to generate revenue in summer 2022 after acquiring a 51% stake in E-Roots Systems, which manufactures vertical farms. The company will market and distribute produce from these farms, partnering with ZA Group, Inc. (OTC: ZAAG). Each vertical farm is projected to yield approximately $413,948.94 annually with a profit margin of about 98.57%. The president, Ronal Minsky, noted significant progress since the acquisition, including a purchase order for one vertical farm and expectations for more orders.
