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Holiday Island Holdings, Inc. (OTC: HIHI) has put the LOI with Supeca Oil Trading USA, on hold due to funding delays, but remains committed to working on the Drummond Oil Field project and other oil acquisition and development projects. The company is optimistic about future partnerships and upcoming projects like Windy Point. CEO Glenn Klinker and VP Alverico Ascencio express confidence in the collaboration with Supeca. Holiday Island Holdings, now EP3OIL, prioritizes transparency and communication with shareholders and the public.
Holiday Island Holdings, Inc. (OTC: HIHI) ha messo in pausa la LOI con Supeca Oil Trading USA a causa di ritardi nei finanziamenti, ma rimane impegnata a lavorare sul progetto del Campo Petrolifero di Drummond e su altri progetti di acquisizione e sviluppo petrolifero. L'azienda è ottimista riguardo a future partnership e progetti imminenti come Windy Point. Il CEO Glenn Klinker e il VP Alverico Ascencio esprimono fiducia nella collaborazione con Supeca. Holiday Island Holdings, ora EP3OIL, dà priorità alla trasparenza e alla comunicazione con gli azionisti e il pubblico.
Holiday Island Holdings, Inc. (OTC: HIHI) ha puesto en pausa el LOI con Supeca Oil Trading USA debido a retrasos en la financiación, pero sigue comprometida con el trabajo en el proyecto del Campo de Petróleo Drummond y otros proyectos de adquisición y desarrollo de petróleo. La compañía está optimista sobre futuras asociaciones y proyectos próximos como Windy Point. El CEO Glenn Klinker y el VP Alverico Ascencio expresan confianza en la colaboración con Supeca. Holiday Island Holdings, ahora EP3OIL, prioriza la transparencia y la comunicación con los accionistas y el público.
홀리데이 아일랜드 홀딩스, Inc. (OTC: HIHI)는 자금 조달 지연으로 인해 Supeca Oil Trading USA와의 LOI를 일시 중단했으나, 드럼몬드 오일 필드 프로젝트 및 기타 석유 취득 및 개발 프로젝트에 대한 작업은 계속 진행할 것임을 확신합니다. 회사는 Windy Point와 같은 미래의 파트너십 및 다가오는 프로젝트에 대해 낙관적입니다. CEO 글렌 클링커와 부사장 알베리코 아센시오는 Supeca와의 협력에 대한 자신감을 표명합니다. 홀리데이 아일랜드 홀딩스는 이제 EP3OIL로서 주주 및 대중과의 투명성 및 커뉘케이션을 우선시합니다.
Holiday Island Holdings, Inc. (OTC: HIHI) a mis en suspens le LOI avec Supeca Oil Trading USA en raison de retards de financement, mais reste engagée dans le projet du champ pétrolifère de Drummond et d'autres projets d'acquisition et de développement pétrolier. L'entreprise est optimiste quant aux partenariats futurs et aux projets à venir comme Windy Point. Le PDG Glenn Klinker et le VP Alverico Ascencio expriment leur confiance dans la collaboration avec Supeca. Holiday Island Holdings, désormais EP3OIL, privilégie la transparence et la communication avec les actionnaires et le public.
Holiday Island Holdings, Inc. (OTC: HIHI) hat das LOI mit Supeca Oil Trading USA aufgrund von Finanzierungsverzögerungen vorübergehend ausgesetzt, bleibt jedoch dem Drummond Ölfeldprojekt und anderen Ölakquisitions- und Entwicklungsprojekten verpflichtet. Das Unternehmen ist optimistisch bezüglich zukünftiger Partnerschaften und bevorstehender Projekte wie Windy Point. CEO Glenn Klinker und Vizepräsident Alverico Ascencio sind zuversichtlich hinsichtlich der Zusammenarbeit mit Supeca. Holiday Island Holdings, jetzt EP3OIL, legt Wert auf Transparenz und Kommunikation mit Aktionären und der Öffentlichkeit.
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PLANT CITY, Fla., April 25, 2024 (GLOBE NEWSWIRE) -- Holiday Island Holdings, Inc. (OTC: HIHI), pending name change to EP3OIL, Inc., as previously announced on February 20, 2024, HIHI entered into a Letter of Intent with Supeca Oil Trading USA, LLC wherein Supeca agreed to fully fund ($2,500,000) the acquisition and development of an oil field located in Central Texas known as the Drummond Oil Field.
As both parties continue to recognize the potential of the project and because Supeca needs more time to release the funds that they currently hold in the U.S., they now agree to put the project on hold with the intent to continue to work together on the Drummond and other oil acquisition and development projects in the United States.
Glenn Klinker – CEO and Chairman of EP3OIL – is quoted: “Although we are disappointed with the funding delay, we are pleased to have the opportunity to continue to partner with such an experienced and reputable international oil company.”
“This gives us the opportunity to focus on our other oil production projects with huge potential returns, particularly Windy Point, which is scheduled to come online in the next 60 to 90 days.”
Alverico Ascencio, Vice President and Marketing Director for Latin America, is quoted: “As I previously indicated, EP3OIL is very excited to be working with such a knowledgeable and experienced oil company that we expect to be the first of many partnership projects.”
Holiday Island Holdings, Inc., pending name change EP3OIL, Inc., is committed to keeping both shareholders and the public informed on all of our opportunities and developments. Please visit www.EP3OIL.com for more information.
Forward-Looking Statements Disclaimer:
This press 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. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.
Why did Holiday Island Holdings, Inc. put the LOI with Supeca Oil Trading USA, on hold?
Holiday Island Holdings, Inc. put the LOI on hold due to funding delays as Supeca needs more time to release the funds.
What is the current ticker symbol for Holiday Island Holdings, Inc.?
The current ticker symbol for Holiday Island Holdings, Inc. is HIHI.
What project is Holiday Island Holdings, Inc. planning to work on with Supeca Oil Trading USA, ?
Holiday Island Holdings, Inc. plans to work on the acquisition and development of the Drummond Oil Field in Central Texas with Supeca Oil Trading USA,
Who is quoted as saying 'Although we are disappointed with the funding delay, we are pleased to have the opportunity to continue to partner with such an experienced and reputable international oil company'?
Glenn Klinker, CEO and Chairman of EP3OIL, is quoted saying that.
Where can more information about Holiday Island Holdings, Inc. be found?
More information about Holiday Island Holdings, Inc. can be found on www.EP3OIL.com.
