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Allied Energy Corporation Outlook: Strong Growth and Strategic Developments

Allied Energy Corporation Outlook: Strong Growth and Strategic Developments

Feb 27, 2025

Expands Power Generation & Oil Production in Texas, Strengthens Strategic Partnerships for Sustainable Growth in 2025 Key Points: Expansion & Optimization of Production Capacity Thiel Site Expansion: Increasing power generation capacity to 3.5 MW by Q3 2025, leveraging Texas' competitive electricity rates (8.73¢ per kWh) for enhanced profitability. Gilmer Lease Enhancements: Upgrading 116 pump jacks to smaller, energy-efficient units, reducing costs and unlocking production potential...

Formation Minerals, Inc. Announces Entry Into $1,000,000 Common Stock Purchase Agreement and Corporate Update

Formation Minerals, Inc. Announces Entry Into $1,000,000 Common Stock Purchase Agreement and Corporate Update

Jan 21, 2025

Jacksboro, TX, January 21, 2025 - PRISM MediaWire - Formation Minerals, Inc. “Formation” or the “Company”) (OTCQB: FOMI), a pure play oil and gas company based in Jacksboro, 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 United States, today announced that on January 14, 2025, the Company entered into an Common Stock Purchase Agreement (the “Purchase Agreement”) with...

Formation Minerals, Inc. Announces Entry Into $1,000,000 Common Stock Purchase Agreement and Corporate Update

Formation Minerals, Inc. Announces Entry Into $10,000,000 Equity Financing Agreement with GHS Investments, LLC

Jan 7, 2025

Jacksboro, TX, January 7, 2025 - PRISM MediaWire - Formation Minerals, Inc. (”Formation" or the "Company") (OTCQB: FOMI), a pure play oil and gas company based in Jacksboro, 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 United States, today announced that on December 31, 2024, the Company entered into an Equity Financing Agreement (the “Agreement”) with GHS Investments,...

Allied Energy Corporation (OTC: AGYP) Announces Operational Launch of Sloan Petroleum and Enerhash USA Project, Paving the Way for Future Growth

Allied Energy Corporation (OTC: AGYP) Announces Operational Launch of Sloan Petroleum and Enerhash USA Project, Paving the Way for Future Growth

Sep 23, 2024

CARROLLTON, TX, September 23, 2024 - PRISM MediaWire - Allied Energy Corporation (OTC: AGYP) announces that the Sloan Petroleum and Enerhash USA project is now fully operational, working at 1MW off the flare gas from the Frost location. This project, which features the placement of advanced Bitcoin mining containers by Enerhash on the Sloan property, promises to drive revenue growth for Allied over the coming months. The company is excited to report that Allied has received its first revenue...

HOLIDAY ISLAND HOLDINGS, INC. SHIFTS ITS PRIMARY FOCUS TO ITS METCALF WELLS

HOLIDAY ISLAND HOLDINGS, INC. SHIFTS ITS PRIMARY FOCUS TO ITS METCALF WELLS

Sep 20, 2024

Plant City, Florida, September 20, 2024 – PRISM MediaWire - Holiday Island Holdings, Inc. (OTC: HIHI), soon to be rebranded as EP3Oil, Inc., announced today that it is shifting its primary focus immediately to its two (2) oil wells, known as “Metcalf”. This follows an unexpected pause as announced previously this year about the Company’s planned continuous oil and revenue production of its Windy Point well. This production pause is hoped and expected to be temporary while attempting to...

Formation Minerals, Inc. Provides Fiscal Year End Corporate Update

Formation Minerals, Inc. Provides Fiscal Year End Corporate Update

Aug 14, 2024

Jacksboro, Texas, August 14, 2024 – Formation Minerals, Inc. (OTCQB: FOMI) (“Formation” or the “Company”), a growing oil and gas company with a focus on the acquisition and management of oil and gas minerals and royalties, today provided its fiscal year-end stockholder update. To our valued friends and stockholders, We hope that this letter finds you well and enjoying the summer. We at Formation continue to execute our strategy and are pleased to provide a corporate update in connection with...

HOLIDAY ISLAND HOLDINGS, INC. (EP3OIL.INC.) ANNOUNCES IT STRIKES OIL ON ITS FIRST COMPLETED OIL WELL, WINDY POINT IN CENTRAL TEXAS

HOLIDAY ISLAND HOLDINGS, INC. (EP3OIL.INC.) ANNOUNCES IT STRIKES OIL ON ITS FIRST COMPLETED OIL WELL, WINDY POINT IN CENTRAL TEXAS

Jul 22, 2024

Plant City, Florida, July 22, 2024 - Holiday Island Holdings, Inc. (OTC: HIHI), (soon to be EP3Oil, Inc.), announced today that it is in the final stages of pumping oil and bringing in revenue at its Windy Point development project. Windy Point consists of over 300 acres of underdeveloped oil production in Central Texas. Tests are revealing large quantities and strong consistency of crude oil. Glenn Klinker, CEO is quoted: “My personal goal for the company is to generate significant revenue...

Formation Minerals, Inc. Enters into Definitive Agreement To Acquire Haynesville Shale Minerals

Jun 27, 2024

Provides Additional Company Updates JACKSBORO, Texas, June 27, 2024 - Formation Minerals, Inc. (OTCQB: FOMI) (“Formation” or the “Company”), a growing oil and gas company with a focus on the acquisition and management of oil and gas minerals and royalties, today announced that it has entered into a purchase and sale agreement with a private seller to acquire certain producing mineral interests in Bienville Parish, Louisiana for $220,000 in cash. The acquisition is subject to customary closing...

HOLIDAY ISLAND HOLDINGS, INC. HAS FINALIZED FUNDING FOR ITS WINDY POINT OIL EXTRACTION DEVELOPMENT

HOLIDAY ISLAND HOLDINGS, INC. HAS FINALIZED FUNDING FOR ITS WINDY POINT OIL EXTRACTION DEVELOPMENT

Jun 17, 2024

Plant City, Florida, June 17, 2024 - Holiday Island Holdings, Inc. (OTC: HIHI), (soon to be EP3Oil, Inc.), has finalized a $525,000 development in Windy Point through equity investments and strategic partnerships. This rich project is a joint venture with Cavalier Oil in central Texas. It has been drilled, and the test results are promising. The development could start production in as few as two months. Windy Point offers as many as ten wells in an aggressive expansion program. Depending on...

Formation Minerals, Inc. Announces Corporate Update

Formation Minerals, Inc. Announces Corporate Update

Jun 13, 2024

JACKSBORO, Texas, June 13, 2024 -- Formation Minerals, Inc. (OTCQB: FOMI) (“Formation” or the “Company”), a growing oil and gas company with a focus on the acquisition and management of oil and gas minerals and royalties, today provided an update on the Company’s activities following the closing of its acquisition of Verde Bio Holdings, Inc. (“Verde”) on May 9, 2024 to create a premier company focused on the acquisition and management of oil and gas minerals and royalties and its business...

Formation Minerals, Inc. Announces Opportunistic Divestiture of Assets

Formation Minerals, Inc. Announces Opportunistic Divestiture of Assets

May 22, 2024

Divestiture includes five non-core or under-performing properties JACKSBORO, TEXAS, May 22, 2024 – Formation Minerals, Inc. (OTCQB: FOMI) (“Formation” or the “Company”), a growing oil and gas company with a focus on the acquisition and management of oil and gas minerals and royalties, today announced that, on May 21, 2024, it sold five non-core lower performing assets for $140,000 to a private buyer. “This is a great example of responsible portfolio management and the solid execution of our...

HOLIDAY ISLAND HOLDINGS, INC. HAS FINALIZED FUNDING FOR ITS WINDY POINT OIL EXTRACTION DEVELOPMENT

HOLIDAY ISLAND HOLDINGS, INC. PUTS THE LOI WITH SUPECA OIL TRADING USA, LLC ON HOLD AND PLEDGES TO CONTINUE WORKING ON THIS AND OTHER PROJECTS

Apr 25, 2024

Plant City, FL, April 25, 2024 -- 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...

Allied Energy Corporation provides update on their Bitcoin Mining Joint-Venture Project

Allied Energy Corporation provides update on their Bitcoin Mining Joint-Venture Project

Apr 18, 2024

Carrollton, Texas, April 18, 2024 - Allied Energy Corp (OTC: AGYP), an innovative oil and gas production company specializing in leasing and optimization of hydrocarbon reserves within the prolific United States energy landscape, is pleased to provide the following update regarding their Bitcoin mining project with joint venture partner, Enegix Global. Allied Energy Corporation and Enegix Global have reached a significant milestone in their Bitcoin mining project, with construction commencing...

EMPIRE PETROLEUM ANNOUNCES COMMENCEMENT OF PREVIOUSLY ANNOUNCED RIGHTS OFFERING

EMPIRE PETROLEUM ANNOUNCES COMMENCEMENT OF PREVIOUSLY ANNOUNCED RIGHTS OFFERING

Mar 7, 2024

TULSA, Okla., March 7, 2024 - Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has commenced its previously announced subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $25.0 million. The Company is distributing at no charge to holders of its...

Allied Energy Corporation provides update on their Bitcoin Mining Joint-Venture Project

Allied Energy Corporation Signs Partnership Agreement on Green Lease Project

Mar 7, 2024

Carrollton, Texas, March 07, 2024 - Allied Energy Corp (OTC: AGYP) ) is delighted to announce the formalization of a Partnership Agreement with Petroloro LLC and ORO Energy LLC, collectively known as P&O Energy, to advance the Green Lease project. Under this Partnership Agreement, P&O Energy will undertake the operation of the Project by initiating a comprehensive workover program on the M1 and X3 Wells. The objective of this workover is to optimize production from these Wells to their...

EP3Oil, INC. BEGINS DEVELOPMENT OF OIL PRODUCTION OF THE WINDY POINTE OIL RESERVE IN CENTRAL TEXAS

EP3Oil, INC. BEGINS DEVELOPMENT OF OIL PRODUCTION OF THE WINDY POINTE OIL RESERVE IN CENTRAL TEXAS

Mar 7, 2024

Plant City, FL, March 07, 2024 - Holiday Island Holdings, Inc. - soon to be EP3Oil, Inc. (OTC: HIHI) has funded a $500,000 development of Windy Point Oil Field. Though a joint venture with the Royal Family Oil Investment, LLC., EP3OIL has acquired the rights and will begin drilling on a 40-acre oil field located in Central Texas. The Royal Family Oil Investment has agreed to provide the remaining funds necessary over the next 60 days. EP3Oil will receive 20% of the net revenue from oil...

HOLIDAY ISLAND HOLDINGS, INC. HAS FINALIZED FUNDING FOR ITS WINDY POINT OIL EXTRACTION DEVELOPMENT

EP3Oil ENTERS INTO AN LOI FOR DRILLING ON THE WINDY POINTE OIL RESERVE IN TEXAS

Feb 28, 2024

Plant City, FL, February 28, 2024 - Holiday Island Holdings, Inc. - soon to be EP3Oil, Inc. (OTC: HIHI) has a deal for a 40-acre lease and development of Windy Pointe in central Texas. The famed discovery hit a 800 bbl a day in 1984, and it has yet to be fully developed. Glenn Klinker and Mr. Alverico Asencio traveled with their team to central Texas to oversee the current Metcalf development and search for future projects with Benchmark Petroleum Partners. The development is partnered with...

HOLIDAY ISLAND HOLDINGS, INC. HAS FINALIZED FUNDING FOR ITS WINDY POINT OIL EXTRACTION DEVELOPMENT

HOLIDAY ISLAND HOLDINGS, INC. SECURES A LETTER OF INTENT TO ENTER INTO A JOINT VENTURE WITH A HIGHLY EXPERIENCED INTERNATIONAL OIL COMPANY TO DRILL FOR OIL IN TEXAS

Feb 20, 2024

Plant City, FL, February 20, 2024 -- Holiday Island Holdings, Inc., dba EP3OIL, (OTC: HIHI) – operating in the Secondary Recovery of Oil & Gas Industry – has accepted a Letter of Intent to enter into a Joint Venture wherein it will receive $2.5 million from a highly experienced international oil company - Supeca Oil - to develop the Drummond Oil Field located in West Texas. Projections on this field, as reported by Benchmark Petroleum Partners, indicated a significant increase...

PRISM Oil & Gas: S&P Sets Fresh YTD High; Falling Gasoline Prices Play Key Role in Cooling Inflation

PRISM Oil & Gas: S&P Sets Fresh YTD High; Falling Gasoline Prices Play Key Role in Cooling Inflation

Dec 13, 2023

NEW YORK, NY, December 13, 2023 - US equities closed mostly higher on Tuesday as the S&P set a fresh year-to-date high, finishing the day at its highest level since January 2022, just 3.2% below its all-time high. Energy stocks underperformed while gasoline prices were down (6%) for the month, playing a key role in cooling inflation numbers for November. The S&P 500 Energy Index was down (1.35%) versus the S&P 500 which rose +0.14%. The XLE settled down (1.39%), the XOP fell...

Federal Reserve “Increasingly Confident” Policy Positioned to Slow Economy, Reduce Inflation; WTI and Brent Rebound from Morning Lows

Nov 28, 2023

NEW YORK, NY, November 28, 2023 - PRISM MarketView, a leading provider of unbiased market insight and company news, today provides its PRISM Emerging Oil & Gas overview. US equities were narrowly mixed in Tuesday afternoon trading as November consumer confidence increased to 102 on the index, ahead of economists’ expectations. The S&P 500 Energy Index was up +0.85% versus the S&P 500 which rose +0.33%. The XLE settled at +0.82% while the XOP rose by +0.77%. The day’s PRISM Oil...

PRISM MarketView Oil & Gas Index Update: WTI Crude Reverses Gains, Earnings Season in Full Swing

Nov 1, 2023

NEW YORK, NY, November 1, 2023 - PRISM MarketView, a leading provider of market insight and company news, today provides its PRISM Emerging Oil & Gas overview. US equities finished mostly higher in Wednesday afternoon trading, near best levels. The S&P 500 Energy Index closed down (0.33%) versus the S&P 500 which was up +1.05%, the XLE declined by (0.23%) and the XOP was down (0.19%). Today’s PRISM Oil & Gas Index update saw WTI crude ending down 0.7%, reversing earlier gains,...

XA Interactive Prepares for 7-10k Barrels of Oil Production Per Day Following the Acquisition of Louisiana Onshore Exploration

Oct 2, 2023

ORLANDO, FL, October 2, 2023 - Holiday Island Holdings, Inc. (OTC PINK: HIHI) recently completed a reverse-merger with XA Interactive, Inc., a natural resources and tech company specializing in secondary recovery of oil and gas. Having completed its acquisition of Louisiana Onshore Exploration, XA is preparing for expansion of its drilling operations on these Louisiana properties with estimated reserves of six-million barrels per square mile, spanning nearly 160 square miles in the Louisiana...

Allied Energy Corporation provides update on their Bitcoin Mining Joint-Venture Project

Allied Energy Corp Enters Groundbreaking Joint Venture with Enegix Global, One of the World’s Leading Bitcoin Mining hosting providers

Sep 20, 2023

Carrollton, Texas, September 20, 2023 - Allied Energy Corp (OTC: AGYP), an innovative oil and gas production company specializing in leasing and optimization of hydrocarbon reserves within the prolific United States energy landscape, is thrilled to announce a landmark Memorandum of Understanding (MOU) with Enegix Global (Enegix), a renowned UAE-based Bitcoin mining and data-center enterprise, and AA Group, a Kazakhstan-based Bitcoin mining investor and facilitator. Enegix began operations in...

XA Interactive Embraces ESP Techniques, Begins New Drilling Operations To Boost Production

Sep 20, 2023

ORLANDO, FL, September 20, 2023 - Holiday Island Holdings, Inc. (OTC PINK: HIHI) recently completed a reverse merger with XA Interactive, Inc., a prominent player in the secondary recovery oil and gas sector is pleased to announce the commencement of new drilling operations employing Electric Submersible Pump (ESP) techniques. These methods are set to amplify production output, marking a significant advancement in XA Interactive's commitment to innovation and operational excellence. This...

XA Interactive Secures Funding to Expand Oil Drilling Operations

Sep 18, 2023

ORLANDO, FL, September 18, 2023 - Holiday Island Holdings, Inc. (OTC PINK: HIHI) recently completed a reverse-merger with XA Interactive, Inc., a prominent player in the secondary recovery oil and gas sector, is pleased to announce the successful securing of funding deals aimed at fueling the expansion of the company’s oil and gas operations. The funding will be provided in stages, with an initial cash infusion to kickstart new drilling efforts. "On the heels of our recent acquisition of...

XA Interactive Acquires All Assets of Louisiana Onshore Exploration in a Landmark All-Stock Transaction

Sep 11, 2023

ORLANDO, FL, September 11, 2023 - Holiday Island Holdings, Inc. (OTC PINK: HIHI) who recently completed a reverse-merger with XA Interactive, Inc., a prominent player in the secondary recovery oil and gas sector is proud to announce a game-changing acquisition that signifies a significant milestone for both companies. In a strategic and undisclosed all-stock transaction, XA Interactive has successfully acquired all assets of Louisiana Onshore Exploration, which encompass a wide array of...

Allied Energy Corp – Bitcoin mining site number one now under development

Allied Energy Corp – Bitcoin mining site number one now under development

Sep 8, 2023

Carrollton, Texas, September 8, 2023 - Allied Energy Corp (OTC: AGYP), a producing oil and gas company focused on the leasing and reworking of oil and gas reserves in one of the most prolific hydrocarbon areas in the United States, is proud to announce project ignition on the planned 20MW Bitcoin Mining partnership with Enerhash, River Energy Group, LLC, Allied Energy, and Sloan Petroleum. The fuse has been ignited on this collaborative endeavor, highlighting a collective commitment to...

5th International Congress and Exhibition “Colombia Oil & Gas 2023” – Resume

5th International Congress and Exhibition “Colombia Oil & Gas 2023” – Resume

Aug 28, 2023

August 2023 On 26th - 27th July 2023 the 5th International Congress and Exhibition “Colombia Oil & Gas 2023” was held- Supported by: Ministry of Mines and Energy of Colombia Gold Sponsors: HEXAGON Bronze Sponsors: EUROHINCA The Conference was a big success bringing together CEOs of oil & gas companies, projects initiators, EPCs, investors, equipment and service providers, governments representatives, and other influencers from Colombia and the Latin American hydrocarbons industry. The...

5th International Congress and Exhibition “Colombia Oil & Gas 2023” – Resume

5° Congreso y Exposición Internacional “Colombia Petróleo & Gas 2023” – Resumen

Aug 28, 2023

Augusto 2023 Los días 26 y 27 de julio se llevó a cabo el 5° Congreso y Exposición Internacional “Colombia Petróleo & Gas 2023” Apoyado por: Ministerio de Minas y Energía de Colombia Patrocinadores de oro: HEXAGON Patrocinador Bronce: EUROHINCA La conferencia fue un gran éxito al reunir a directores ejecutivos de compañías de petróleo y gas, iniciadores de proyectos, EPCs, inversionistas, proveedores de equipos y servicios, representantes gubernamentales y otras personas influyentes de...

5th International Congress and Exhibition “Colombia Oil & Gas 2023” – Resume

XA Interactive in Advanced Negotiations for a Strategic Roll-Up with Louisiana Onshore Exploration

Aug 28, 2023

ORLANDO, FL, August 28, 2023 - Holiday Island Holdings, Inc. (OTC PINK: HIHI) who recently completed a reverse-merger with XA Interactive, a prominent player in the secondary recovery oil and gas sector, is in the final stages of negotiations to execute an all-stock transaction roll-up with Louisiana Onshore Exploration, a well-established operating oil and gas company based in Louisiana. The negotiations are being facilitated by Josh Cohen of Controlled Capital, a leading financial advisory...