PRINCIPAL SOLAR ENTERS PARTNERSHIP AGREEMENT WITH ARAMIS TO REWORK 8 WELLS IN CALDWELL COUNTY, TEXAS
PRINCIPAL SOLAR ENTERS PARTNERSHIP AGREEMENT WITH ARAMIS TO REWORK 8 WELLS IN CALDWELL COUNTY, TEXAS
Per the Agreement, Principal Solar will reimburse certain lease costs and fund agreed upon well workover expenses to initiate the project. Per the Agreement, PSWW and Aramis will initially have an equal 50% / 50% equity share in the oil leases. Funding is anticipated to commence prior to June 30, 2022. BINDING LOI SIGNED THIS WEEK
具有約束力的意向書本週簽署
DALLAS, TEXAS, June 23, 2022 (GLOBE NEWSWIRE) -- Principal Solar, Inc. (OTC Pink: PSWW) ("Principal" or "the Company"), a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an investor in and operator of undervalued petroleum-producing properties today announced that PSWW has entered into a Partnership Agreement ("The Agreement") with Aramis, LLC ("Aramis") to rework 8 oil wells in Caldwell County, TX. Caldwell County, 120 miles inland from the Gulf of Mexico in south central Texas, is bordered by Bastrop, Fayette, Gonzales, Guadalupe, Hays, and Travis counties. Lockhart, the county seat, is at the intersection of U.S. Highway 183 and Farm Road 20, thirty miles south of Austin and seventy miles northeast of San Antonio.
得克薩斯州達拉斯，2022年6月23日(環球網)--太平洋太陽能公司(場外交易代碼：PSWW)(以下簡稱“公司”或“公司”)今天宣佈，PSWW已與Aramis，LLC(下稱“Aramis”)簽訂了一項合作協議，對德克薩斯州考德維爾縣的8口油井進行返修。考德韋爾縣位於得克薩斯州中南部，距離墨西哥灣內陸120英里，與巴斯特羅普、費耶特、岡薩雷斯、瓜達盧佩、海斯和特拉維斯等縣接壤。洛克哈特是縣首府，位於美國駭維金屬加工183號和農場路20號的交叉口，位於奧斯汀以南30英里，聖安東尼奧東北70英里處。
"We are excited to enter into this partnership with Aramis LLC. The south-central Texas area is rich with proven undeveloped and underdeveloped oil and gas resources. There are thousands of wells in south central Texas that have exploitable oil and gas. This partnership joins us with an experienced operator and workover specialist, expands our footprint and gives us room to grow," said Tony Lerner, COO of Principal Solar.
“我們很高興能與Aramis LLC達成這一合作關係。德克薩斯州中南部地區擁有豐富的已探明的未開發和未開發的油氣資源。德克薩斯州中南部有數千口油井可開採石油和天然氣。這一合作伙伴關係使我們與經驗豐富的運營商和修井專家聯手，擴大了我們的足跡，並給了我們增長的空間，”太平洋太陽能公司首席運營官託尼·勒納表示。
Per the Agreement, Principal Solar will reimburse certain lease costs and fund agreed upon well workover expenses to initiate the project. Per the Agreement, PSWW and Aramis will initially have an equal 50% / 50% equity share in the oil leases. Funding is anticipated to commence prior to June 30, 2022.
根據協議，信安太陽能將償還某些租賃費用，併為啟動該項目商定的油井修井費用提供資金。根據協議，PSWW和Aramis最初將在石油租賃中擁有相等的50%/50%的股權份額。資金預計將在2022年6月30日之前開始。
About Aramis, LLC
Aramis is an experienced oil operator and seasoned workover specialist located in Caldwell County, TX; focused primarily on shallow well operations and rework projects in the state of Texas.
關於Aramis，LLC
Aramis是一家經驗豐富的石油操作員和經驗豐富的修井專家，位於德克薩斯州考德韋爾縣；主要專注於德克薩斯州的淺井作業和返修項目。
Mr. Omar Minaj is the managing member of Aramis. Mr. Minaj is a highly skilled and motivated Entrepreneur focused on building startup ventures in the Oil and Gas sector. He has raised multiple millions in Equity and Debt for Oil and Gas projects. He has well rounded experience in land leasing and contract negotiations both Domestic and Internationally.
Omar Minaj先生是Aramis的管理成員。Minaj先生是一位技術高超、積極進取的企業家，專注於在石油和天然氣行業建立初創企業。他通過股權和債務為石油和天然氣項目籌集了數百萬美元。他在國內外土地租賃和合同談判方面擁有豐富的經驗。
About Principal Solar
Principal Solar is a strategic investor in organizations and technologies that support next-generation opportunities in traditional, renewable, and clean energy sectors as well as an operator of undervalued petroleum-producing properties.
關於普賴恩太陽能
信安太陽能是支持傳統、可再生和清潔能源領域下一代機會的組織和技術的戰略投資者，也是被低估的石油生產資產的運營商。
For further information, please visit the Company's website at .
欲瞭解更多信息，請訪問公司網站：。
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe PSWW's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond PSWW's control will affect actual results. PSWW undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with PSWW's most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by PSWW.
《1995年私人證券訴訟改革法》下的安全港聲明
本新聞稿中包含的非歷史事實的陳述可能是“前瞻性陳述”，涉及風險和不確定因素，可能導致實際結果與目前預期的大不相同。例如，描述PSWW的希望、計劃、目標、目標、意圖或期望的陳述屬於前瞻性陳述。本文中所作的前瞻性陳述僅限於本新聞稿發佈之日。許多因素，其中許多是PSWW無法控制的，將影響實際結果。PSWW沒有義務公開更新此類前瞻性陳述，以反映後續事件或情況。本新聞稿應與PSWW向場外市場和/或美國證券交易委員會發布的最新財務報告和其他文件一起閲讀。
Principal Solar Contact
K. Bryce "Rick" Toussaint, CPA, MBA
Chairman and Chief Executive Officer
kt@pswwenergy.com
214.885.0032
主要太陽接觸
K.Bryce“Rick”Toussaint，註冊會計師，MBA
董事長兼首席執行官
郵箱：kt@pswwenergy.com
214.885.0032
Investor Relations Contact
Michael Briola
invest@pswwenergy.com
投資者關係聯繫人
邁克爾·布里奧拉
郵箱：Invest@pswwenergy.com
譯文內容由第三人軟體翻譯。
