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G2 Energy (CSE:GTOO) releases six-month plan and announces debenture financing

Energy, Sponsored, The Watchlist
CSE:GTOO
25 October 2022 13:30 (EDT)

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G2 Energy Corp. (GTOO) has announced its six-month plan and related debenture financing.

G2’s six-month plan is focused on executing the following:

  1. Increasing base production from the Masten Unit.
  2. Acquiring the Bridwell Oil Company’s Masten Lease (Bridwell).
  3. Optimizing production from current producers and idle wells on the Bridwell and Masten leases.

The company has also announced a US$1,000,000 non-brokered convertible debenture private placement financing to finance the six-month plan and working capital.  

G2 Energy CEO Slawek Smulewicz and COO James Tague sat down with Daniella Atkinson to discuss their plan.

Vancouver-based G2 Technologies Corp. is focused on developing opportunities in the energy sector. A partnership between G2 and Caltron Oil Pty Ltd. (Caltron) has been formed to acquire onshore oil fields in California.

G2 Energy Corp. (GTOO) opened trading at C$0.065 per share.


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