Las Vegas, NV – Tree Top Industries, Inc. (“Tree Top”) (TTII) is pleased to announce that it has, through its new wholly-owned subsidiary, TTII Oil & Gas, Inc., recently begun operation of 13 oil wells in Chautauqua County, Kansas, with 11 of 13 oil wells successfully pumping oil.
David Reichman, Chairman & CEO, stated: “Tree Top entered the Oil & Gas business by acquiring the lease for 520 acres shallow mineral rights. In addition to the 13 existing wells, there are several temporary non-operating wells which require re-working. The wells should pump an average of 8 – 10 barrels a day. Expansion plans have begun with discussions and negotiations for acquisition of additional properties. This is the first time that Tree Top has realized operating revenue, so we are extremely pleased with the results of this acquisition thus far.”
Tree Top Industries, Inc. (TTII) is a publicly traded, mini conglomerate. Tree Top subsidiaries and affiliates include intellectual properties, proprietary systems, and trade secrets in the bioscience and global health technologies, among other new and emerging technologies, as well as interests in the oil and gas industries. Tree Top can provide the protective umbrella of a publicly listed, SEC compliant, PCAOB audited company to acquisition candidates, as well as structure, transparency, potential capital raise and significant growth potential. Tree Top can also deliver the means, through incubation, for private companies to become public entities in good standing. Tree Top is in the development stage, actively acquiring companies & technologies using several different business paradigms, including exchange of stock, joint venture, and other partnership configurations. For more information visit www.ttiiob.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Enterprises Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company’s current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company’s business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Enterprises Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Princeton Research, Inc.
Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Entire Disclaimer Here