Southern ITS International, Inc. Subsidiary, Pure Oil & Gas, Inc., Completes Drilling of Its First Well
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.
- Successful completion of the first well drilling in Eastland County, Texas.
- Anticipation of estimated production numbers by the end of May, suggesting potential revenue generation.
- None.
PALM DESERT, CA / ACCESSWIRE / April 25, 2023 / Southern ITS International, Inc. (OTC PINK:SITS) announced today that its subsidiary, Pure Oil & Gas, Inc., has successfully completed drilling of its first well in Eastland County, Texas.
Jeremy Larsen, President of Pure Oil & Gas, Inc., stated, "We are pleased with the hard work and safety efforts of our partner and driller-operator, ICS Energy, Inc. I would like to be the first to congratulate them on the successful drilling of our first well. The workover rig has been in place as of Saturday, April 22nd, and we hope to know the estimated production numbers of this first well by the end of May. We look forward to drilling more wells across the great state of Texas for the success and future of our young company, Pure Oil & Gas, Inc."
About Southern ITS International, Inc.
Southern ITS International, Inc., through its subsidiary companies, currently has operations focused on a wide variety of fields, including oil and gas exploration and development, clothing, and e-commerce fulfillment. We intend to expand upon our current base of operational companies and to increase our ownership and/or control of a portfolio of highly successful businesses. As a holding company, Southern ITS International continues to be in the market to acquire a stake in various companies, both public and private, which will complement its current operations. It will also focus on building a direct sales network of various e-commerce internet applications, manufacturing, and internet sales of various products. We have put in place an experienced management team that is continuing to build a diverse portfolio, buying entire companies, or interests therein, involved in technology, oil and gas, manufacturing, real estate, and other sectors, which will then become operating subsidiaries of Southern ITS International.
Precautionary and Forward-Looking Statement
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 or 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 several factors, and other risks identified in the Company's disclosures or filings with the SEC or OTC Markets, Inc. 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.
Contact: Southern ITS International, Inc.
Investor Relations
442-300-6522
info@sitsintl.com
SOURCE: Southern ITS International, Inc.
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FAQ
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