LAKE KIOWA, Texas, July 14, 2015 /PRNewswire/ -- Nevis Capital Corporation (OTC: OCEE) today announced entering into a letter of intent agreement to acquire a privately held Texas based oil and gas operating company. The Privately held company operates in three states, currently concentrating on East and West Texas projects. The Privately held company has an agreement with NationsGas Partners, LLC and Dominion Gas, LLC to develop the La Sierra Madera Project in the prestigious La Escalera Ranch. The La Escalara Ranch is a contiguous lease consisting of 230,000 net mineral acres under one lease. ExxonMobil/XTO entered into a development agreement in 2011 with NationsGas Partners, LLC and Dominion Gas, LLC on the La Escalara Ranch. Currently NationsGas Partners, LLC and ExxonMobil/XTO each have development projects under way.
"Nevis Capital is a diversified investment company listed on the OTC market," said CEO Keith Alexander, Jr., a 40 year oil and gas veteran. "The Company has been diligently developing an investment portfolio since 2013 with a core concentration on energy. The exploration of potential opportunities has been measured and deliberate. After extensive due diligence and negotiation the Company has orchestrated a series of initial projects pending consummation leading with the agreement announced today. This acquisition is anticipated to launch a series of upcoming acquisitions building a robust portfolio of holdings."
Nevis Capital expects finalizing the acquisition of PanAmerican Operating, Inc. within the next thirty days.
About Nevis Capital
Nevis Capital Corp. is a diversified investment holding company currently expanding activities into different arenas around the globe through acquisition and investment. To learn more about Nevis Capital visit http://www.neviscapitalcorporation.com.
Safe Harbor Statement
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the Company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this document Release including such forward-looking statements.
Nevis Capital Corporation
SOURCE Nevis Capital Corporation