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Southern ITS International, Inc., operating through subsidiaries, is focused on oil and gas exploration, clothing, consumer beverages, and e-commerce fulfillment. With recent achievements like the commencement of a drilling project in Texas and acquiring an 80% stake in Kinzie LLC, the company aims to diversify its investment portfolio and capitalize on the e-commerce industry. Supported by its parent company, the organization seeks to grow and strengthen its operational base by acquiring successful businesses.
Southern ITS International, Inc. (OTC PINK:SITS) announced that its subsidiary, Pure Oil & Gas, Inc., has successfully completed drilling its first well in Eastland County, Texas. President Jeremy Larsen commended the efforts of partner ICS Energy, Inc. and expressed optimism about future drilling. The workover rig has been operational since April 22, 2023, with estimated production figures anticipated by the end of May. The company is focused on expanding its operations across various sectors, including oil and gas exploration, e-commerce, and technology. The press release also contains a caution regarding forward-looking statements, highlighting inherent risks associated with investing in smaller companies.
Southern ITS International, Inc. (OTC PINK:SITS) announced that its subsidiary, Pure Oil & Gas, Inc., has completed the necessary funding for its first oil and gas project. This funding was secured through a newly formed limited partnership, with Pure as the General Partner. The President of Pure, Jeremy Larsen, expressed satisfaction with the swift fundraising process, stating that drilling operations by ICS Energy, Inc. are expected to begin in Eastland County, Texas, within 45 days. The company aims to expand its portfolio, focusing on various sectors including technology and manufacturing.
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