Business
XA Interactive Acquires All Assets of Louisiana Onshore Exploration in a Landmark All-Stock Transaction
XA Interactive Acquires All Assets of Louisiana Onshore Exploration in a Landmark All-Stock Transaction.
About this update from Ep3oil, Inc.
[{"type":"text","content":"ORLANDO, FL / ACCESSWIRE / 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 valuable resources, including operating wells, revenue, pumpjacks, drilling equipment, and a sprawling land portfolio comprising thousands of acres of land leases under management.This acquisition is set to redefine the energy exploration landscape, consolidating XA Interactive's position as a key player in the industry. By combining forces with Louisiana Onshore Exploration, XA Interactive reinforces its commitment to innovation, operational excellence, and sustainable energy solutions.Michael Prozer, Chairman of XA Interactive, expressed his enthusiasm for this transformative move: "The acquisition of Louisiana Onshore Exploration's assets represents a strategic leap forward for XA. We are excited to welcome their team, resources, and expertise into our organization, which aligns seamlessly with our vision for long-term growth and innovation in the energy exploration sector. Together, we'll harness our collective strengths to unlock new opportunities and continue delivering reliable, sustainable energy solutions to our clients."Chris Roy, V.P of Land for Louisiana Onshore Exploration, commented on this acquisition: "We are excited to join forces with XA Interactive in this landmark transaction. This opens up new avenues for growth and innovation in the energy sector. We believe that our assets, and expertise will bring significant value to XA, and will create a dynamic synergy that benefits both companies and our stakeholders. We are looking forward to a fruitful collaboration that will drive the industry forward while ensuring continued excellence in energy exploration and production."Josh Cohen, CEO of Controlled Capital, who played a crucial role in orchestrating this strategic roll-up, also weighed in on the acquisition: "This transaction marks a significant achievement for both XA Interactive and Louis...