Business
Southern ITS International, Inc. Subsidiary, Pure Oil & Gas, Inc., Completes Drilling of Its First Well
Southern ITS International, Inc. Subsidiary, Pure Oil & Gas, Inc., Completes Drilling of Its First Well.
About this update from Southern Its International Inc.
[{"type":"text","content":"PALM DESERT, CA / ACCESSWIRE / April 25, 2023 / Southern ITS International, Inc. (OTC PINK:SITS) announced today that its subsidiary, Pure Oil & Gas, Inc., has successfully completed drilling of its first well in Eastland County, Texas.Jeremy Larsen, President of Pure Oil & Gas, Inc., stated, "We are pleased with the hard work and safety efforts of our partner and driller-operator, ICS Energy, Inc. I would like to be the first to congratulate them on the successful drilling of our first well. The workover rig has been in place as of Saturday, April 22nd, and we hope to know the estimated production numbers of this first well by the end of May. We look forward to drilling more wells across the great state of Texas for the success and future of our young company, Pure Oil & Gas, Inc."About Southern ITS International, Inc.Southern ITS International, Inc., through its subsidiary companies, currently has operations focused on a wide variety of fields, including oil and gas exploration and development, clothing, and e-commerce fulfillment. We intend to expand upon our current base of operational companies and to increase our ownership and/or control of a portfolio of highly successful businesses. As a holding company, Southern ITS International continues to be in the market to acquire a stake in various companies, both public and private, which will complement its current operations. It will also focus on building a direct sales network of various e-commerce internet applications, manufacturing, and internet sales of various products. We have put in place an experienced management team that is continuing to build a diverse portfolio, buying entire companies, or interests therein, involved in technology, oil and gas, manufacturing, real estate, and other sectors, which will then become operating subsidiaries of Southern ITS International.Precautionary and Forward-Looking StatementThis release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward looking statements" describe future expectations, plans, results, or strateg...