GEMXX (OTC: GEMZ) today announced its entry into a definitive agreement with Latin Energy Partners (“LEP”) to drill four test wells in a highly promising geological formation in Latin America. The strategic venture marks a significant milestone in GEMXX’s expansion into the energy sector, demonstrating the company’s commitment to diversification and growth. According to the announcement, the project will be led by Dinesh Kumar Sarraf, the former chairman and managing director of India’s premier exploration and production company, Oil and Natural Gas Corporation Ltd. “We are thrilled to collaborate with Latin Energy Partners and leverage Mr. Sarraf’s unparalleled expertise in the oil and gas industry,” said Richard Clowater, CEO of GEMXX Corporation. “This partnership aligns with our strategic goals of resource diversification and capitalizing on high-potential opportunities in the energy sector. The drilling of these test wells is a crucial step towards unlocking significant value for our shareholders.”
To view the full press release, visit https://ibn.fm/xarTk
About GEMXX Corporation
GEMXX is a publicly traded, mine-to-market gold, gemstone and jewelry producer with global reach. GEMXX controls each stage of its production including gemstone production, jewelry manufacturing and global distribution. The company is strategically expanding its business model to include private equity funding for the exploration of potential giant and super-giant oil fields in Latin America. This new business channel represents a calculated move to identify rare, overlooked or underexplored basins believed to contain substantial oil reserves. With a global reach and a steadfast commitment to excellence and innovation, GEMXX Corporation is well-positioned to navigate the evolving market landscape and drive long-term success for its shareholders. For more information about the company, visit GEMXX Corporation.
NOTE TO INVESTORS: The latest news and updates relating to GEMZ are available in the company’s newsroom at https://ibn.fm/GEMZ
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