DUBAI, UNITED ARAB EMIRATES– GEQU, (Marketwired – Apr 14, 2016) – Global Equity International, Inc. (OTCQB: GEQU) and its fully-owned subsidiary Global Equity Partners Plc. (“GEP” – www.gepartnersplc.com), a specialist consultancy firm with offices located in Dubai and London, are extremely excited to announce that on April 10, 2016, Deutsche Oel & Gas SA (www.deutsche-oel-gas.com/), a producing Oil and Gas company with offices in Germany and various other parts of the world, engaged our professional services to assist with sourcing up to US$230 million of capital funding. This funding will allow the company to increase its existing production and also realize additional substantial value in its South Alaskan assets.
Global Equity Partners Plc. have agreed with Deutsche Oel & Gas, a cash success fee between 4% and 5% of the total capital funding sourced.
Partick Dolan, Managing Director of Global Equity International Inc., said, “We are delighted to announce our first German client through our recently contracted representation in Frankfurt (Germany). Deutsche Oel & Gas SA are a formidable resource company, producing substantial amounts of gas focused on the Cook inlet basin in South Alaska. The company is driven by a highly experienced and skillful management team. The majority of their producing assets are in an 83,000-acre site called the ‘Kitchen Lights Unit.’ With a very significant investment already injected into the company, infrastructure has been in place since October of 2015 and sustained production started in November of 2015. Deutsche Oel & Gas is currently the lone operator in the ‘Kitchen Lights Unit’ with the largest contiguous extraction zone in the Cook Inlet. Natural gas production is already underway and huge gas and oil reserves have been identified and substantiated by independent specialists.”
Peter Smith, CEO of Global Equity International Inc., said, “Prior to signing the agreement with Deutsche Oel & Gas, we investigated the possibility of such a raise through our own corporate finance division and also through our partnerships in Dubai and Asia. The proposition was well received, giving both GEP and our client confidence of execution of this agreement which will allow Deutsche Oel & Gas to further develop its unique fields and its unique offtake agreements that are already in place.”
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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 International Inc., through its wholly-owned subsidiary Global Equity Partners Plc., 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.