Verde Bio Holdings Updates Shareholders

Rhea-AI Summary

Verde Bio Holdings, Inc. (OTCQB: VBHI) reports promising updates amid rising oil prices, nearing $100 per barrel with forecasts suggesting $150. The company has secured six permits for oil and two for natural gas, indicating potential revenue growth without additional investments due to its mineral and royalty interests. A new acquisition has been announced as the 17th in the sector, with ongoing due diligence for acquiring two biodiesel plants. The CEO emphasizes the strategic acquisitions aimed at expanding their portfolio, leveraging favorable market conditions.

Positive

• Rising oil prices nearing $100 per barrel, with potential forecasts of $150, indicating increased revenue opportunities.
• Secured six oil permits and two natural gas permits, enhancing operational capacity.
• Ongoing strategic acquisitions, with the latest being the 17th in the oil and gas sector.

Negative

• None.

FRISCO, Tex., Feb. 24, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Verde Bio Holdings, Inc. (OTCQB: VBHI) (www.verdebh.com) today updated shareholders:

• With current oil and gas market conditions, the price of oil is approaching $100 a barrel and some experts are now saying they anticipate the cost of a barrel of crude oil will increase to $150. Our shareholders should know two things that are occurring.  We have recently seen six permits on our oil properties and two on our natural gas properties. Shortages and higher prices are also happening in the natural gas sector.  Higher prices mean more revenue for VBHI and its investors. And, also as mineral and royalty owners, these revenues do not require any additional investment for VBHI. We were very diligent about buying most of our properties based on low oil and gas prices thus VBHI reaping the benefits of the rise in commodity pricing,” Scott Cox, VBHI founder and CEO, stressed.
• “We have announced one new acquisition in the oil and gas sector recently, our 17th news release about purchases made, and we continue to evaluate other potential strategic acquisitions to expand our portfolio,” Mr. Cox said.
• Due diligence and work on the agreement to acquire two operational biodiesel plants, first announced in December 2021, is “proceeding at a good pace and we anticipate being able to conclude the transaction soon,” said Mr. Cox. “We realize that investors have been waiting for this to conclude and we look forward to providing them all the details once we have finalized the terms of the acquisitions.”

About Verde Bio Holdings, Inc. 

Verde Bio Holdings, Inc. (OTC: VBHI) is an Energy Company based in Frisco, Texas, engaged in the acquisition and management of Mineral and Royalty interests in lower risk, onshore oil and gas properties within the major oil and gas plays in the U.S. The Company’s dual-focused growth strategy relies primarily on leveraging management’s expertise to grow through the strategic acquisition of revenue producing royalty interest and strategic and opportunistic non-operated working interests.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

Statements in this press release that are not strictly historical are “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. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company’s products and services, the ability to complete software development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company’s most recent periodic filings with the Securities and Exchange Commission, including its 2021 Annual Report on Form 10-K and quarterly reports on Form 10-Q.

Contact:
Paul Knopick E & E Communications
pknopick@eandecommunications.com 
940.262.3584

FAQ

What recent developments has Verde Bio Holdings (VBHI) announced regarding oil and gas permits?

Verde Bio Holdings secured six permits for oil properties and two for natural gas properties, capitalizing on rising commodity prices.

How has the rising price of oil affected Verde Bio Holdings (VBHI)?

The increasing oil price, approaching $100 per barrel, is expected to lead to higher revenues for Verde Bio Holdings without requiring additional investments.

What is the status of Verde Bio Holdings' acquisition of biodiesel plants?

The due diligence for acquiring two operational biodiesel plants is progressing well, with expectations to finalize the transaction soon.

How many acquisitions has Verde Bio Holdings (VBHI) announced?

VBHI has announced 17 acquisitions in the oil and gas sector as part of its growth strategy.