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SPZI: JP 3E Holdings, Inc. and Kerogen Resources LLC form Kerogen Resources II LLC to develop unconventional shale assets

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CLEARWATER, Fla., May 10, 2024 – JP 3E Holdings, Inc., (“JP3E”) formerly known as Spooz, Inc. (OTC: SPZI), is pleased to announce the execution of a Memorandum of Understanding (“MOU”) with Kerogen Resources LLC to form Kerogen Resources II LLC for the purpose of developing unconventional onshore U.S. shale assets. JP3E will have majority ownership and provide funding for Kerogen Resources II. Kerogen Resources will operate and have a minority stake in Kerogen Resources II.  This strategic partnership marks a significant expansion of JP3E Holdings’ footprint in the energy sector. Kerogen Resources, a private exploration and production company, brings to the partnership extensive experience and knowledge for development of conventional and unconventional oil and natural gas assets.

https://kerogenresources.com/

Mark Thompson, CEO/Chairman of Kerogen Resources, commented, “This partnership with JP 3E Holdings represents a pivotal moment in our company. Leveraging JP3E’s resources and network, we aim to enhance our operational footprint and expand our market reach, driving significant value for our stakeholders.”

John K. Park, CEO/Chairman of JP3E, stated, “Our partnership with Kerogen Resources highlights our commitment to diversify and strengthen our portfolio in the energy sector. We are excited about the synergies this partnership brings.”

JP3E plans to provide funding for Kerogen Resources II starting in the third quarter of 2024. 

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