New Acquisitions and Projects Fuel the Future of Petroleum Energy Company with Pro-Environmental Focus on Carbon Reduction: New Asia Holdings Inc./Olenox Corp. (Stock Symbol: NAHD)

- Environmentally Friendly Energy Company Growing by US Asset Acquisitions.

- Completed Acquisition of All of the Issued and Outstanding Shares of Common Stock of Olenox Corp. Energy Company.

- On Target to Complete Consolidated Audited Financials and Expects to be Filed by End of November.

- Working to Meet OTC Market Requirement of a 10% Public Float by Reducing Total Outstanding Shares.

- Focus on Carbon Footprint Reduction and Streamlined Production to Benefit the Environment & Local Communities add value to NAHD/Olenox Bottom Line.

- Green Initiative to Produce Carbon-Neutral Products Plus Integrate Solar and Other Renewable Technologies Into Daily Oil and Gas Production Operations.

- Closed Asset Purchase Agreement with Taylor Consulting to Acquire Pipeline Assets in Texas.

- Expansion into Kansas to Operate 181 Natural Gas Wells in the Bradshaw Portion of the Giant Hugoton Field.

New Asia Holdings Inc./Olenox Corp. (OTCQB: NAHD) is a diversified energy company based in the state of Texas. NAHD has announced acquisitions pursuant to a Share Exchange Agreement with Olenox Corp. and Marble Trital Inc., as the sole shareholder of Olenox.

NAHD completed the acquisition from the Shareholder of all of the issued and outstanding shares of common stock, of Olenox in exchange for the issuance by NAHD to the Shareholder of approximately 224 million shares of Company common stock. Pursuant to the Exchange, Olenox has become a wholly owned subsidiary of the NAHD.

NAHD currently operates three vertically integrated business units - Oil and Gas, Energy Services and Energy Technologies.

NAHD 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. NAHD currently operates several oil and gas properties in Texas and Kansas.

NAHD Energy Services: This business unit supports the NAHD overall exploration and production efforts with "well services" and "end of life reclamation." NAHD 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, NAHD equipment and experience combination seeks to reduce the amount of time and fuel burned to complete an abandonment or workover thus reducing costs.

NAHD Energy Technologies: This business provides both R&D and existing technology to enable increased production in the field. NAHD flagship intellectual property is its downhole enhanced recovery plasma pulse tooling and ultrasonic cleaning tools.

Each of NAHD three vertically integrated business units operate in tandem to help capture unique opportunities that often go untapped by the Company's competitors.

October Shareholder Update

On October 23rd NAHD announced a comprehensive shareholder update.

Corporate Developments

NAHD 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.

NAHD 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.

Olenox is a fully integrated energy company of NAHD that produces responsible energy products both traditional and renewable. The NAHD/Olenox 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 NAHD/Olenox bottom line.

NAHD continues as well to work towards its green initiative to produce carbon-neutral products as well as integrate solar and other renewable technologies into its daily oil and gas production operations.

Acquisitions

On August 13th, 2024, NAHD announced it had purchased 162 miles of Texas pipeline from Taylor Consulting. NAHD 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 NAHD is looking at several other projects that could be attached to the pipeline including power generation and bitcoin mining operations.

On August 8th, 2024, NAHD/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. NAHD continues to bring on production and is working towards the goal of having half the field in production by Q1 2025. NAHD 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.

NAHD/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.

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.

NAHD will introduce modern pumping and monitoring technologies to increase field efficiencies, reduce costs, and better protect the environment during the operation of these stripper wells.

For more information on $NAHD visit: www.newasiainc [http://www.newasiainc.com].com

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Media Contact
Company Name: New Asia Holdings Inc./Olenox Corp.
Contact Person: Michael McLaren, CEO
Email: Send Email [http://www.universalpressrelease.com/?pr=new-acquisitions-and-projects-fuel-the-future-of-petroleum-energy-company-with-proenvironmental-focus-on-carbon-reduction-new-asia-holdings-incolenox-corp-stock-symbol-nahd]
Phone: 1-940-205-1257
Country: United States
Website: http://www.newasiainc.com



This release was published on openPR.