Southern ITS International, Inc., DBA CorpHQ; Pure Oil & Gas Acquires Multiple Oil & Gas Assets in Jones County, Texas; Partners with Last Mile Production LLC to Drive Production Through Advanced Technology
Rhea-AI Summary
Southern ITS International (OTC PINK:SITS) has announced that its subsidiary, Pure Oil & Gas, has acquired significant oil and gas assets in Jones County, Texas. The acquisition, completed in April 2025, encompasses producing and non-producing properties, wells, equipment, mineral leases, and working interests.
As part of the strategic move, Pure Oil & Gas has partnered with Last Mile Production , an energy technology company that will serve as the lease operator for all wells. Last Mile will leverage artificial intelligence and advanced data analytics to optimize production operations.
Gil Irey, CFO of Pure Oil & Gas, emphasized that this acquisition represents a important step in Pure's growth strategy, focusing on building a high-performing portfolio of energy assets supported by data-driven operations.
Positive
- Strategic acquisition of producing oil and gas assets in Jones County, Texas
- Partnership with technology-focused operator Last Mile Production for AI-driven optimization
- Expansion of energy asset portfolio with both producing and non-producing properties
Negative
- Undisclosed acquisition cost creates uncertainty for investors
- Penny stock status carries inherent high risk and volatility
- Operating in volatile oil and gas sector subject to market fluctuations
News Market Reaction – SITS
In the trading session that priced this news, SITS declined 4.99%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SCOTTSDALE, AZ / ACCESS Newswire / April 25, 2025 / Southern ITS International, Inc. (OTC PINK:SITS) announced today that its subsidiary, Pure Oil & Gas, Inc., announced the successful acquisition of key oil and gas assets in Jones County, Texas. The transaction, finalized in April for an undisclosed amount, includes producing and non-producing properties, wells, equipment, mineral leases, and working interest in a strategically positioned area.
As part of the acquisition, Pure Oil & Gas has entered into a comprehensive operating agreement with Last Mile Production LLC, an energy technology company leveraging artificial intelligence and advanced data analytics to optimize oil and gas production. Last Mile will serve as the lease operator for all wells on the acquired properties.
"This acquisition marks a pivotal step in Pure's growth strategy as we continue to build a high-performing portfolio of energy assets backed by data-driven operations," said Gil Irey, Chief Financial Officer of Pure Oil & Gas. "Our partnership with Last Mile ensures that we are not just acquiring assets-but unlocking their full potential."
Pure Oil & Gas remains committed to responsible resource development and leveraging innovation to meet evolving market demands.
About Southern ITS International, Inc.
Southern ITS International, Inc. operates through its subsidiary companies across diverse sectors, each with a strategic focus, including oil and gas exploration, clothing, consumer beverages, and e-commerce fulfillment. As a holding company, Southern ITS International actively seeks opportunities to acquire stakes in both public and private companies that complement its current operations.
For investor inquiries, please contact:
Investor Relations
Southern ITS International, Inc.
Phone: 480-258-3674
Email: info@sitsintl.com
Forward-Looking Statements
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 various factors, and other risks identified in the Company's disclosures or filings with the SEC. 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.
SOURCE: Southern ITS International, Inc.
View the original press release on ACCESS Newswire