Pure Oil & Gas Inc. Reports Significant Progress in Drilling Operations, Secures $6 Million in Latest Fundraising Round
Pure Oil & Gas Inc., a subsidiary of Southern ITS International, Inc. (OTC PINK:SITS), has reported significant progress in its drilling operations and secured $6 million in fresh funding. The company currently manages 14 operating wells and has shown a substantial increase in production volumes over the past months:
- June: 175 barrels
- July: 514 barrels
- August: 675 barrels
- September (estimated): 1,980 barrels
Pure Oil & Gas plans to complete 5 additional wells by the end of 2024, which is expected to further boost production capacities. Jeremy Larsen, President of Pure Oil & Gas Inc., expressed optimism about the company's growth trajectory and its position for future success.
Pure Oil & Gas Inc., una sussidiaria di Southern ITS International, Inc. (OTC PINK:SITS), ha riportato significativi progressi nelle sue operazioni di perforazione e ha ottenuto 6 milioni di dollari in nuovi finanziamenti. Attualmente, la società gestisce 14 pozzi operativi e ha mostrato un sostanziale aumento dei volumi di produzione negli ultimi mesi:
- Giugno: 175 barili
- Luglio: 514 barili
- Agosto: 675 barili
- Settembre (stimato): 1.980 barili
Pure Oil & Gas prevede di completare 5 pozzi aggiuntivi entro la fine del 2024, il che dovrebbe ulteriormente aumentare le capacità di produzione. Jeremy Larsen, Presidente di Pure Oil & Gas Inc., ha espresso ottimismo riguardo alla traiettoria di crescita dell'azienda e alla sua posizione per il successo futuro.
Pure Oil & Gas Inc., una subsidiaria de Southern ITS International, Inc. (OTC PINK:SITS), ha reportado avances significativos en sus operaciones de perforación y ha asegurado 6 millones de dólares en nueva financiación. Actualmente, la empresa gestiona 14 pozos en operación y ha mostrado un aumento sustancial en los volúmenes de producción en los últimos meses:
- Junio: 175 barriles
- Julio: 514 barriles
- Agosto: 675 barriles
- Septiembre (estimado): 1.980 barriles
Pure Oil & Gas planea completar 5 pozos adicionales para finales de 2024, lo que se espera que impulse aún más las capacidades de producción. Jeremy Larsen, presidente de Pure Oil & Gas Inc., expresó optimismo sobre la trayectoria de crecimiento de la empresa y su posición para el éxito futuro.
Pure Oil & Gas Inc.는 Southern ITS International, Inc. (OTC PINK:SITS)의 자회사로서 채굴 작업에서 상당한 진전을 보고했으며 600만 달러의 신규 자금을 확보했습니다. 현재 이 회사는 14개의 운영 중인 유정을 관리하며 지난 몇 달간 생산량이 크게 증가했습니다:
- 6월: 175배럴
- 7월: 514배럴
- 8월: 675배럴
- 9월(추정): 1,980배럴
Pure Oil & Gas는 2024년 말까지 5개의 추가 유정을 완공할 계획이며, 이는 생산 능력을 더욱 향상시킬 것으로 예상됩니다. Pure Oil & Gas Inc.의 사장인 Jeremy Larsen는 회사의 성장 궤도와 미래 성공을 위한 위치에 대해 낙관적인 견해를 밝혔습니다.
Pure Oil & Gas Inc., une filiale de Southern ITS International, Inc. (OTC PINK:SITS), a rapporté des progrès significatifs dans ses opérations de forage et a sécurisé 6 millions de dollars de nouveaux financements. L'entreprise gère actuellement 14 puits opérationnels et a montré une augmentation substantielle des volumes de production au cours des derniers mois :
- Juin : 175 barils
- Juillet : 514 barils
- Août : 675 barils
- Septembre (estimé) : 1 980 barils
Pure Oil & Gas prévoit de terminer 5 puits supplémentaires d'ici fin 2024, ce qui devrait encore booster les capacités de production. Jeremy Larsen, Président de Pure Oil & Gas Inc., a exprimé son optimisme quant à la trajectoire de croissance de l'entreprise et à sa position pour un succès futur.
Pure Oil & Gas Inc., eine Tochtergesellschaft von Southern ITS International, Inc. (OTC PINK:SITS), hat signifikante Fortschritte in seinen Bohrarbeiten berichtet und 6 Millionen Dollar an frischen Mitteln gesichert. Das Unternehmen verwaltet derzeit 14 Betriebstiefen und hat in den letzten Monaten einen erheblichen Anstieg der Produktionsmengen gezeigt:
- Juni: 175 Barrel
- Juli: 514 Barrel
- August: 675 Barrel
- September (geschätzt): 1.980 Barrel
Pure Oil & Gas plant, bis Ende 2024 5 zusätzliche Bohrlöcher abzuschließen, was voraussichtlich die Produktionskapazitäten weiter steigern wird. Jeremy Larsen, Präsident von Pure Oil & Gas Inc., äußerte Optimismus über die Wachstumsperspektiven des Unternehmens und dessen Position für zukünftigen Erfolg.
- Secured $6 million in fresh funding for drilling projects
- Significant increase in production volumes from 175 barrels in June to an estimated 1,980 barrels in September
- Plans to complete 5 additional wells by the end of 2024
- Currently managing 14 operating wells
- None.
SCOTTSDALE, AZ / ACCESSWIRE / October 8, 2024 / Pure Oil & Gas Inc., a subsidiary of Southern ITS International, Inc. (OTC PINK:SITS), announces a series of achievements in its operational capabilities and production output. With 14 operating wells currently under management, the company has secured a substantial
Increased Production and Projected Growth
As of the latest reports, Pure Oil & Gas has demonstrated an upward trajectory in its production volumes over the past few months:
June: 175 barrels
July: 514 barrels
August: 675 barrels
September (estimated): 1,980 barrels
This marked increase reflects the company's enhanced operational efficiencies and strategic well placements.
Expansion of Drilling Operations
Pure Oil & Gas is set to expand its portfolio with the completion of 5 additional wells by the end of 2024. This expansion is expected to boost production capacities and reinforce the company's position in the market.
Executive Insight
Jeremy Larsen, President of Pure Oil & Gas Inc., expressed enthusiasm about the company's trajectory: "We are thrilled with the progress and results we've achieved this year. The successful deployment of capital towards strategic drilling operations has not only enhanced our production but also solidified the foundation for sustained growth. With the support of our dedicated team and the confidence of our investors, we are positioned to reach new heights in the coming months."
About Pure Oil & Gas Inc.
Pure Oil & Gas Inc. is a leader in the oil and gas industry, focusing on the acquisition, development, and optimization of oil and natural gas resources. The company aims to leverage technological advancements and strategic initiatives to maximize the production and efficiency of its operations across the United States. More information can be found on the following channels:
Pureoilgas.com
YouTube: @PUREOilGas
TikTok: @pureoilgas
About Southern ITS International, Inc.:
Southern ITS International, Inc. operates through its subsidiary companies across diverse sectors, each with a strategic focus, including oil and gas exploration, clothing, consumer beverages, and e-commerce fulfillment. Our goal is to expand and strengthen our portfolio of successful businesses.
As a holding company, Southern ITS International actively seeks opportunities to acquire stakes in both public and private companies that complement our current operations. Our mission revolves around establishing a robust Direct-to-Consumer (DTC) and Business-To-Business (B2B) network, leveraging the vast potential of e-commerce across various industries, such as manufacturing, distribution, and product sales.
To achieve our objectives, we have assembled a seasoned management team dedicated to building a diversified portfolio. This entails acquiring entire companies or interests in sectors spanning technology, oil and gas, manufacturing, real estate, and more, ultimately integrating them as operating subsidiaries under the Southern ITS International umbrella.
For investor inquiries, please contact:
Southern ITS International, Inc.
Gil Irey, CEO: 319-230-2399
Jeremy Larsen, COO: 319-239-6440
Email: info@sitsintl.com
Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in the Company's disclosures or filings with the SEC. You are further cautioned that penny stocks and stocks of smaller companies like Southern ITS International, Inc. are inherently volatile and risky, and that no investor should buy this stock unless they can afford the loss of their entire investment.
SOURCE: Southern ITS International, Inc.
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