ReoStar Energy Corporation Executes Letter of Intent (LOI) With an Experienced Oil and Gas Company
Reostar Energy Corp. (OTCM- REOS) ("ReoStar") is pleased to announce that it has executed a Letter of Intent with an experienced oil and gas company ("Company") to re-develop 24 existing oil and gas wells.
PASADENA, Calif., January 20, 2022 (Newswire.com) - - ReoStar Energy Corp. (OTCPink- REOS)("ReoStar") is pleased to announce that it has executed a Letter of Intent (LOI) with an experienced oil and gas company ("Company"). Detailed information on this exciting oil and gas joint venture will be made public upon execution of a binding Definitive Agreement.
Peter Koch, CEO/President of ReoStar, commented that, "This JV is a perfect fit to execute our business model. It will generate significant ongoing revenue for REOS to invest in our Alternative Energy Products and potentially to pay solid shareholder dividends."
About ReoStar Energy Corp.:
ReoStar Energy Corp. is an Emerging Growth Energy Company with a two-fold mission: Aggregate existing oil and gas production from proven reserve fields to maximize revenues. Segregate some of those hydrocarbon revenues to acquire alternative energy sources. ReoStar plans to follow the Carbon Neutral protocols to be a Net Zero Carbon Neutral Energy Company by 2050.
This Press Release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information included in this Press Release including such forward-looking statements.
ReoStar Energy Corp.
Mr. Peter H. Koch - CEO
87 N. Raymond Ave, Suite 200
Pasadena, CA 91103
Tel: +1 (310) 999-3506
Source: Reostar Energy Corp.