Gemini Group Global Corp. Enters into Agreement for Drilling Program

DALLAS, TX / ACCESSWIRE / December 11, 2019 / Gemini Group Global Corp. (OTC PINK:GMNI) today announced they have entered into a letter of intent and master purchase agreement with Flintrock Resources Management Inc. The agreement pertains to the purchase of working interest (WI) in the exploration and production of minerals focusing specifically in oil and gas. Flintrock Resources Management Inc. will be the main operating company delivering Net Revenue Interest (NRI) to Gemini Group Global Corp. The companies collectively will be focused on offset drilling in proven properties that are located in the Midland and Permian Basin respectively.

Subject to the negotiation and execution of a definitive agreement, the initial project Gemini Group Global Corp. (OTC:GMNI) will focus on collectively is the Lohn Prospect. The Lohn Prospect is roughly 219 acres on the eastern shelf of the Midland Basin Located in McCulloch County, TX with proven reserves of 116 Million Barrels of Oil (MBO). The areais prolific with formations that include the Pennsylvania (Strawn), Morris, and Llano uplift. Gemini Group Global Corp. (OTC:GMNI) is expected to commence investing in drilling operations in the Lohn Prospect in the first quarter of 2020. The drilling program consists of up to Ten offset wells with an average depth of roughly 1300 feet.

“We are excited to be working with Flintrock Resources Management Inc. as the company moves forward with our focus on sustainable growth for our shareholders. Flintrock Resources has a proven track record of success in Texas and we feel confident that together we will create real value andrevenue for the shareholders of Gemini Group Global Corp”.

Safe Harbor Statement

This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number ofassumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Contact:

888.543.5551
info@geminivapour.com

SOURCE: Gemini Group Global Corp.

View source version on accesswire.com:
https://www.accesswire.com/569817/Gemini-Group-Global-Corp-Enters-into-Agreement-for-Drilling-Program

error: Content is protected !!