AveragePenny
3 months ago
$NAHD New Asia Holdings Inc (NAHD) Announces Shareholder Update
https://www.globenewswire.com/en/news-release/2024/10/23/2967817/0/en/New-Asia-Holdings-Inc-NAHD-Announces-Shareholder-Update.html
Electra, Oct. 23, 2024 (GLOBE NEWSWIRE) -- New Asia Holdings Inc./Olenox Corp. (NAHD” or the Company) (OTCQB: NAHD), announces a shareholder update.
Corporate Developments
The company continues to work on its consolidated audited financials and expects to be completed and filed by the end of November and is on target to complete and file them by then.
New Asia has also been working in the background with its capital stock to meet the OTC market requirement of a 10% public float by reducing the outstanding shares. The company was removed from OTCQB in mid-August for not having 10% of its stock in the public float. The company now meets those requirements and currently has 12.7 percent of its outstanding shares in the float.
Olenox is a fully integrated energy company that produces responsible energy products both traditional and renewable. Our continued focus on carbon footprint reduction and streamlined oil and gas production not only benefits the environment and local communities but also add value to Olenox bottom line.
The company continues as well to work towards our green initiative to produce carbon-neutral products as well as integrate solar and other renewable technologies into our daily oil and gas production operations.
Acquisitions
On August 13th, 2024, New Asia announced it had purchased 162 miles of Texas pipeline from Taylor Consulting. The company is currently looking to bring the pipeline back into production and working with the anchor customer to renew takeoff agreements. An existing agreement is in place for 55,000 MCF per month and the company is looking at several other projects that could be attached to the pipeline including power generation and bitcoin mining operations.
On August 8th, 2024, New Asia/Olenox announced that its wholly owned Olenox Kansas has been selected to operate 181 natural gas wells in the Bradshaw portion of the Giant Hugoton Field in Kansas. The company continues to bring on production and is working towards the goal of having half the field in production by Q1 2025. The company to date has brought back 32 wells into production and is now working on abandoning 3 wells to meet the contract requirements for the year.
New Asia/Olenox continues to work on several other acquisitions and is in the final stages of purchase negotiations with 2 of the 4 currently under consideration.
Technology
Olenox continues to develop its technologies and is pushing its downhole tooling forward. Modifications were needed for both the Plasma pulse tool and the ultra-sonic tool to meet industry standards in Texas and the company will begin to use the technology in our field in the coming months.
ProfitScout
3 months ago
$NAHD News: New Asia Holdings Inc (NAHD) Announces Shareholder Update
Electra, Oct. 23, 2024 (GLOBE NEWSWIRE) -- New Asia Holdings Inc./Olenox Corp. (NAHD” or the Company) (OTCQB: NAHD), announces a shareholder update.
Corporate Developments
The company continues to work on its consolidated audited financials and expects to be completed and filed by the end of November and is on target to complete and file them by then.
New Asia has also been working in the background with its capital stock to meet the OTC market requirement of a 10% public float by reducing the outstanding shares. The company was removed from OTCQB in mid-August for not having 10% of its stock in the public float. The company now meets those requirements and currently has 12.7 percent of its outstanding shares in the float.
Olenox is a fully integrated energy company that produces responsible energy products both traditional and renewable. Our continued focus on carbon footprint reduction and streamlined oil and gas production not only benefits the environment and local communities but also add value to Olenox bottom line.
The company continues as well to work towards our green initiative to produce carbon-neutral products as well as integrate solar and other renewable technologies into our daily oil and gas production operations.
Acquisitions
On August 13th, 2024, New Asia announced it had purchased 162 miles of Texas pipeline from Taylor Consulting. The company is currently looking to bring the pipeline back into production and working with the anchor customer to renew takeoff agreements. An existing agreement is in place for 55,000 MCF per month and the company is looking at several other projects that could be attached to the pipeline including power generation and bitcoin mining operations.
On August 8th, 2024, New Asia/Olenox announced that its wholly owned Olenox Kansas has been selected to operate 181 natural gas wells in the Bradshaw portion of the Giant Hugoton Field in Kansas. The company continues to bring on production and is working towards the goal of having half the field in production by Q1 2025. The company to date has brought back 32 wells into production and is now working on abandoning 3 wells to meet the contract requirements for the year.
New Asia/Olenox continues to work on several other acquisitions and is in the final stages of purchase negotiations with 2 of the 4 currently under consideration.
Technology
Olenox continues to develop its technologies and is pushing its downhole tooling forward. Modifications were needed for both the Plasma pulse tool and the ultra-sonic tool to meet industry standards in Texas and the company will begin to use the technology in our field in the coming months.
About Olenox Corp.
Olenox Corp.is a diversified energy company based in the state of Texas that currently operates three vertically integrated business units – Oil and Gas, Energy Services and Energy Technologies.
Oil and Gas: focuses on acquiring and optimizing underdeveloped oil and gas assets in Texas, Kansas and Oklahoma. It employs both internally developed and third party-licensed technologies to increase production, optimize performance and reduce costs. Olenox currently operates several oil and gas properties in Texas and Kansas.
Energy Services: This business unit supports Olenox’s overall exploration and production efforts with “well services” and “end of life reclamation.” Olenox Energy Services owns and operates a combination of customized service-wireline rigs and HydroVac units. This specialized equipment allows for faster “rig in” and “rig out” times. Overall, Olenox Energy Services’ equipment and experience combination seeks to reduce the amount of time and fuel burned to complete an abandonment or workover thus reducing costs.
Energy Technologies: This business provides both R&D and existing technology to enable increased production in the field. Olenox flagship intellectual property is its downhole enhanced recovery plasma pulse tooling and ultrasonic cleaning tools.
Each of Olenox’s three vertically integrated business units operate in tandem to help Olenox capture unique opportunities that often go untapped by the Company's competitors.
Safe Harbor Statement: Certain statements and information included in this release may constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
For more information, please contact:
Olenox Corp.
205S Bailey Street, Electra, Texas 76360
Email: mikem@olenox.com
Phone: +1 940-205-1257
Facebook: https://www.facebook.com/OlenoxCorp
Instagram: https://www.instagram.com/olenoxcorp/
Twitter: https://x.com/OlenoxCorp
YouTube: https://www.youtube.com/@OlenoxCorp
Linkedin: https://www.linkedin.com/company/olenoxcorp/
BlazingStocks
5 months ago
$NAHD Share Structure
Authorized Shares 4,000,000,000 08/19/2024
Outstanding Shares 265,083,509 08/19/2024
Restricted 249,183,231 08/19/2024
Unrestricted 15,900,278 08/19/2024
https://www.otcmarkets.com/stock/NAHD/security
ProfitScout
5 months ago
New Asia Holdings Inc (NAHD) Announces Closing of Asset Purchase Agreement with Taylor Consulting (TAYO)
New Asia Holdings/Olenox Corp. Acquires Pipeline assets in Texas for $1,600,000 in common stock
Electra, Texas , Aug. 13, 2024 (GLOBE NEWSWIRE) -- New Asia Holdings Inc./Olenox Corp. (“NAHD” or the Company) (OTCQB: NAHD), announces it has purchased a 162 miles of Texas pipeline from Taylor Consulting (OTC:TAYO). The purchase, valued at $1,600,000, was paid by 10,000,000 shares of common stock of NAHD. The Company believes the acquired assets will be a key property moving forward. The acquired asset is 162 miles of pipeline designated as a public utility with associated feeder wells and a large consumer customer attached.
“We are excited about this acquisition as it moves our company into the midstream market and provides a solid cash-flowing asset,” said Olenox CEO Michael McLaren. “We will begin to re-establish take-off agreements and upgrade the pipeline over the next few months”.
The company will introduce its in-house monitoring technologies to increase field efficiencies, reduce costs and better protect the environment during the operation of the pipeline.
About Olenox Corp.
Olenox Corp.is a diversified energy company based in the state of Texas that currently operates three vertically integrated business units – Oil and Gas, Energy Services and Energy Technologies.
Oil and Gas: focuses on acquiring and optimizing underdeveloped oil and gas assets in Texas, Kansas and Oklahoma. It employs both internally developed and third party-licensed technologies to increase production, optimize performance and reduce costs. Olenox currently operates several oil and gas properties in Texas and Kansas.
Energy Services: This business unit supports Olenox’s overall exploration and production efforts with “well services” and “end of life reclamation.” Olenox Energy Services owns and operates a combination of customized service-wireline rigs and HydroVac units. This specialized equipment allows for faster “rig in” and “rig out” times. Overall, Olenox Energy Services’ equipment and experience combination seeks to reduce the amount of time and fuel burned to complete an abandonment or workover thus reducing costs.
Energy Technologies: This business provides both R&D and existing technology to enable increased production in the field. Olenox flagship intellectual property is its downhole enhanced recovery plasma pulse tooling and ultrasonic cleaning tools.
Each of Olenox’s three vertically integrated business units operate in tandem to help Olenox capture unique opportunities that often go untapped by the Company's competitors.
Facebook: https://www.facebook.com/OlenoxCorp
Instagram: https://www.instagram.com/olenoxcorp/
Twitter: https://x.com/OlenoxCorp
YouTube: https://www.youtube.com/@OlenoxCorp
Linkedin: https://www.linkedin.com/company/olenoxcorp/
Safe Harbor Statement: Certain statements and information included in this release may constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.
https://www.globenewswire.com/newsroom/ti?nf=OTIwMzg2OSM2NDIxNDQzIzIyOTMzNTI=
https://ml.globenewswire.com/media/YmU3NzBkZjgtZjdjNC00MDg4LWE5ZGItYWQ1ZGYxMDZjZjZiLTEzMDQ5MDI=/tiny/New-Asia-Holdings-Inc-.png
For more information, please contact:
Olenox Corp.
205S Bailey Street, Electra, Texas 76360
Email: mikem@olenox.com
Phone: +1 940-205-1257
Source: New Asia Holdings Inc.
Trooperstocks
5 months ago
$NAHD About Olenox Corp. Olenox Corp. is a diversified energy company based in the state of Texas that currently operates three vertically integrated business units – Oil and Gas, Energy Services, and Energy Technologies.
Oil and Gas: focuses on acquiring and optimizing underdeveloped oil and gas assets in Texas, Kansas, and Oklahoma. It employs both internally developed and third-party-licensed technologies to increase production, optimize performance and reduce costs. Olenox currently operates 16 leases on approximately 2,000 acres with 125 wells on lease to reactivate. Since acquiring the leases in July 2022, Olenox’s Oil and Gas division has intermittently increased production from an average of 7 barrels/day to over 40 barrels per day. After reviewing well control data in the area, Olenox believes that there is more recoverable oil available on these leases.
Energy Services: This business unit supports Olenox’s overall exploration and production efforts with “well services” and “end-of-life reclamation.” Olenox Energy Services owns and operates a combination of customized service-wireline rigs and HydroVac units. This specialized equipment allows for faster “rig in” and “rig out” times. Overall, Olenox Energy Services’ equipment and experience combination seeks to reduce the amount of time and fuel burned to complete an abandonment or workover thus reducing costs.
Energy Technologies: This business provides both R&D and existing technology to enable increased production in the field. Olenox's flagship intellectual property is its downhole-enhanced recovery plasma pulse tooling and ultrasonic cleaning tools.
Each of Olenox’s three vertically integrated business units operates in tandem to help Olenox capture unique opportunities that often go untapped by the Company's competitors.
Facebook: https://www.facebook.com/OlenoxCorp
Instagram: https://www.instagram.com/olenoxcorp/
Twitter: https://x.com/OlenoxCorp
YouTube: https://www.youtube.com/@OlenoxCorp
Linkedin: https://www.linkedin.com/company/olenoxcorp/
Trooperstocks
5 months ago
$NAHD Electra, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- New Asia Holdings Inc./Olenox Corp. (“NAHD” or the Company) (OTCQB: NAHD), announces Olenox’s wholly-owned subsidiary, Olenox Kansas has been selected to operate 181 natural gas wells in the Bradshaw portion of the Giant Hugoton Field. Discovered in 1926, The Hugoton Complex has produced over 26 trillion cubic feet of gas since its discovery in 1926 and is the largest natural gas field in North America. The operations will be conducted on 61,945 acres that extend nearly 80 miles through Greeley and Hamilton Counties in Kansas.
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