vancouver bc  thenewswire  june 13 2022  g2 energy corp csegtoo otcgtgef fwb1nzf the company or g2 announces today that further to its news releases on december 6 2021 december 24 2022 march 22 2022 and june 1 2022 the canadian securities exchange the cse has given its final approval to the companys change of business cob to oil and gas which was approved by the companys shareholders on march 14 2022 the companys common shares will commence trading on the cse on tuesday june 14 2022 under the new name g2 energy corp and the current ticker symbol of gtoo will remain unchanged as announced on june 1 2022 g2 has closed the acquisition of the masten unit an oil and gas producing field the masten unit located in the permian basin in levelland texas the masten unit acquisition constituted the cob pursuant to the policies of the cse the terms of the acquisition of the masten unit and related financings are described in the companys news release of june 1 2022 the masten unit is a producing unit located within the giant billion barrel levelland field in cochran county texas   proved reserves of 586 mboe with a pv10 of 81 mm1   probablepossible reserves of 669 mboe with a pv10 of 74 mm boes may be misleading particularly if used in isolation a boe conversion ratio of 6 mcf 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead for detailed technical information related to the masten unit the estimated proved and probable reserves and past production at the masten unit refer to the companys listing statement dated june 9 2022 and the national instrument 51101f1 reserve report dated january 6 2022 and effective january 1 2022 prepared by willrich energy advisors consulting petroleum engineers and geologists of houston texas both of which are posted on the cse website and filed under the company profile on sedar wwwsedarcom the technical information contained in this news release related to the masten unit has been reviewed by jim tague principal consultant performance analytics group llc who is an independent qualified reserves evaluator pursuant to national instrument 51101 mr tague has a bs in materials science  engineering with honors from the university of florida a ms in petroleum engineering from the university of texas and an mba from the university of phoenix we are very excited to be announcing the completion of the change of business for the company as it represents a huge milestone for us as we prepare to relaunch as a producing oil and gas company under the new name g2 energy corp we are very grateful for the ongoing support of all our shareholders and the efforts of our team through this transaction creating longterm value for our shareholders was very important to us and we are very eager to see what the future holds for the company on behalf of the board g2 energy corp is a canadian securities exchange listed company focused on acquiring and developing overlooked lowrisk high return opportunities in the oil and gas sector g2 is seeking to acquire a portfolio of riskmanaged production and development opportunities onshore in the usa in the near term g2 is pursuing production acquisition opportunities with toptier operating netbacks and infrastructure facilities to fasttrack future production growth the canadian securities exchange has neither approved nor disapproved the information contained herein statements in this press release regarding the company which are not historical facts are forwardlooking statements that involve risks and uncertainties such information can generally be identified by the use of forwardinglooking wording such as may expect estimate anticipate intend believe and continue or the negative thereof or similar variations since forwardlooking statements address future events and conditions by their very nature they involve inherent risks and uncertainties the company provides forwardlooking statements for the purpose of conveying information about current expectations and plans relating to the future including expectations for the effects of the change of business of g2 to oil and gas and readers are cautioned that such statements may not be appropriate for other purposes by its nature this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations forecasts predictions projections or conclusions may not prove to be accurate that assumptions may not be correct and that objectives strategic goals and priorities may not be achieved these risks and uncertainties include but are not limited those identified and reported in the companys public filings under the companys sedar profile at wwwsedarcom statements relating to reserves are also deemed to be forwardlooking statements as they involve the implied assessment based on certain estimates and assumptions that the reserves described exist in the quantities predicted or estimated and that the reserves can be profitably produced in the future actual results could differ materially from those currently anticipated due to factors such as the performance of wells the availability and performance of facilities and pipelines the geological characteristics of g2s properties prevailing weather and breakup conditions commodity prices price volatility price differentials and the actual prices received for the companys products royalty regimes and exchange rates the application of regulatory and licensing requirements the availability of capital labour and services the creditworthiness of industry partners and g2s ability to acquire additional assets although the company has attempted to identify important factors that could cause actual actions events or results to differ materially from those described in forwardlooking information there may be other factors that cause actions events or results not to be as anticipated estimated or intended there can be no assurance that such information will prove to be accurate as actual results and future events could differ materially