Sunday, November 03, 2019 5:41:33 PM
The Merger:
https://backend.otcmarkets.com/otcapi/company/financial-report/232964/content
The Company has identified and is currently in discussion with a Company within the oil and gas industry to engage in a merger and acquisition transaction. The Company estimates that this deal will be closed fourth quarter 2019.
The Merger Details:
https://backend.otcmarkets.com/otcapi/company/financial-
report/232970/content
Attorney quote -" A generational opportunity "
Acquisition of 20,000 acres in prolific Permian Basin with the intent to monetize its resources. Market value of property est $400 mil.
Leasing mineral rights $40,000 an acre.
$70 per barrel oil generates $3.8 million per well per year.
Exxon Mobil recently bought Permian acres at an acre price of $20,000.
The Owners:
www.huntoil.ca/us-operations.aspx
https://www.linkedin.com/in/elizabethalund/
Interim CEO. Bryce Toussaint -54%
RLH Management 11%
As filed in Q report- R.L.HUNT of the Hunt Oil Company, through his company, RLH Management Inc have an 11% ownership stake in PSWW. RLH Management Inc is a property management co. in Texas along with several branches across us.Included in the ownership are long time Hunt Oil Company associates including Elizabeth A. Lund, president of Palette Investment Company (Ray L. Hunt Family Office).
https://www.forbes.com/profile/ray-lee-hunt/#3232c88568a0
R.L.Hunt net worth 5.2 billion.
He chairs Hunt Consolidated, an oil and gas, real estate and investing conglomerate.His Hunt Oil is one of the largest privately-held oil companies in the U.S.
Address listed in Q filing for these owners is 1900 North Akard Street Dallas, TX 75201. Home of Hunt Oil Co. head office.
Hunt Oil currently operates in the Permian Basin.
PSWW accounting firm Whitley Penn LLP are oil and gas specialist'S headquartered in Dallas and hold Hunt Oil as one of its clients.
Share Structure:
OS........................... 11,839,137
FLOAT ............................ 542,378
No warrants
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