Holiday Island Holdings, Inc. Shifts Its Primary Focus to Its Metcalf Wells
HOLIDAY ISLAND HLDGS INC (HIHI)
NASDAQ:AMEX Investor Relations:
quotes.wsj.com/hihi
Company Research
Source: GlobeNewswire
PLANT CITY, Fla., Sept. 20, 2024 (GLOBE NEWSWIRE) -- Holiday Island Holdings, Inc. (OTC: HIHI), soon to be rebranded as EP3Oil, Inc., announced today that it is shifting its primary focus immediately to its two (2) oil wells, known as “Metcalf”. This follows an unexpected pause as announced previously this year about the Company’s planned continuous oil and revenue production of its Windy Point well. This production pause is hoped and expected to be temporary while attempting to adjust its operations to tap the illusive oil reserves indicated to exist by the engineering reports. This transition includes the Company’s committed and future funding and all other production related resources employed to provide ongoing petroleum and revenue generation. The Metcalf wells, which are authentic Secondary Oil Recovery reservoirs according to the geological findings, have been reactivated after a 40-year dormancy. Historically, each well produced hundreds of barrels of oil per day before
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