BRIEF

on Southern ITS International, Inc. (NASDAQ:SITS)

Pure Oil & Gas Inc. Achieves Milestones and Secures Funding

Pure Oil & Gas Inc., a subsidiary of Southern ITS International, Inc., reported significant advancements in its drilling operations. The company, based in Scottsdale, AZ, manages 14 operating wells and has secured $6 million in fresh funding to bolster its current and future projects.

Over recent months, the company has increased production volumes dramatically, with an estimated 1,980 barrels produced in September, up from 175 in June. This growth reflects improved operational efficiencies and strategic well placements.

Plans are in place to complete an additional five wells by year's end, aimed at increasing production capabilities and reinforcing its market position. Jeremy Larsen, President of Pure Oil & Gas, expressed optimism about the company's progress and future growth prospects.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Southern ITS International, Inc. news