Hoqool Petroleum International, a client of Global Equity
International, Inc., has significant plans in both regions over the
coming years. Oman is the initial focus of the company, where they
are focused on developing a block with the potential of one billion
barrels plus of oil.
The "Dubai Scout Group" is a coveted and very well respected
group of companies that is chaired by Total
Oil (http://www.total.com/en). The group
includes Shell Global (http://www.shell.com/), Dragon
Oil (http://www.dragonoil.com/), Dubai
Petroleum(http://www.dubaipetroleum.ae/), Crescent
Petroleum (http://www.crescentpetroleum.com/) and other
significant oil and gas players, including Hoqool Petroleum
International.
Mr. Habib Al-Alawi, Executive Director and COO of Hoqool
Petroleum, presented the plans and strategic overview of the
company to the DSG and also highlighted the agreement with Global
Equity Partners Plc. (a fully owned subsidiary of Global Equity
International, Inc.) to finance the upcoming exploration and
production ventures. During the meeting Hoqool Petroleum
furthermore announced its formation of a consortium to pursue
production opportunities with John Energy, a company with a rich
heritage of drilling and workover services.
On October 21, 2015, Hoqool Petroleum signed a 12-month
consultancy agreement with Global Equity Partners Plc. whereby our
company was mandated to source pre-IPO capital (primarily in the
Middle East) amounting to, but not limited to, US$50 million. In
return, Hoqool agreed to pay us an equity success fee equating to
10% of the Company's issued and outstanding common shares at the
point of funding and also a 1.5% cash success fee on all pre-IPO
capital raised as a result of any direct introduction to capital
made by Global Equity Partners Plc.
Peter Smith, CEO of Global Equity International, Inc.,
said, "To be a sponsor of something as
significant as the DSG is a great achievement for Hoqool Petroleum
International; it clearly demonstrates the level of contacts and
experience in management to be invited into such an exclusive group
of companies. Habib Al-Awali has worked diligently to piece
together the exploration team for the company; we are proud to be
part of that team and involved in the decisions and strategic
development of the company. Hoqool is a significant entrance into
the extremely lucrative Oil and Gas business for GEP with a
tremendous partner in MEPEX (http://www.mepexonline.com/old/), and
our development in this area is something we will be pushing full
steam ahead in 2016. Mr. Colin Copeland, our in-house expert in
this field (see http://gepartnersplc.com/executive-management-and-staff),
is currently working with both MEPEX and Hoqool. We are in for some
very exciting times in the new year."
Habib Al-Alawi, Executive Director and COO of Hoqool
Petroleum, said, "We have been a member of DSG
for less than a year and yet we take the sponsorship of this
meeting to benefit from the business associations with companies
like Total Oil, Shell Global, Dragon Oil or Dubai Petroleum. The
collaboration adds more value to the group and makes our future
plans more visible to leaders of the industry. The participants of
DSG are well known to us and they embrace our future plans; the
Oman project is simply the start of something that will become a
major venture in its own right."
About Global Equity International, Inc.
Global Equity International, Inc., through its wholly-owned
subsidiary Global Equity Partners Plc., advises worldwide business
leaders with their most critical decisions and opportunities
pertaining to growth, capital needs, structure and the development
of a global presence. With offices in Dubai and London, Global
Equity has developed significant relationships in the US, UK,
Central Europe, the Middle East and South East Asia to assist
clients in realizing their full value and potential by bringing
them to external capital and resources that place an emphasis on
collaborative thinking. Furthermore, because Global Equity has
offices in key financial centres of the world, they are able to
introduce their clients to a unique opportunity of listing their
shares on any one of the many stock exchanges worldwide. Global
Equity Partners holds significant long-term equity positions in the
companies that it represents.
Safe Harbour Statement
This press release may include forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements related to anticipated revenues,
expenses, earnings, operating cash flows, the outlook for markets
and the demand for products. Forward-looking statements are no
guarantees of future performance and are inherently subject to
uncertainties and other factors which could cause actual results to
differ materially from the forward-looking statements. Such
statements are based upon, among other things, assumptions made by,
and information currently available to, management, including
management's own knowledge and assessment of the Company's industry
and competition. The Company refers interested persons to its most
recent Annual Report on Form 10-K and its other SEC filings for a
description of additional uncertainties and factors, which may
affect forward-looking statements. The company assumes no duty to
update its forward-looking statements.