Hunter Technology Corp. (TSX-V: HOC; OTCQB: HOILF; WKN: A2QEYH,
FSE: RWPM, ISIN: CA4457371090) (“
Hunter” or the
“
Company”) is pleased to announce a strategic
partnership with WellDatabase, a leading oil and gas data
Software-as-a-Service (SaaS) company headquartered in Houston,
Texas, specializing in consolidating, and analysing oil and gas
data.
The WellDatabase partnership will allow Hunter
to fully integrate with and capitalize on WellDatabase’s decades of
operational E&P data from across the United States and Canada.
Enhanced value benefits to OilEx users include:
- Access to profiles on millions of oil and gas wells, from a
variety of sources.
- Streamlining of real time market information for producers,
enhancing the competitiveness of the physical oil market
information for purchasers.
- Enhanced ability for independent producers to claim their
production sites and easily access their data.
- Delivery of additional value-added services including allocated
and organized production data, well productivity and economics
analytics overlayed with advanced mapping.
“Data has become a necessity in our industry,”
said John Ferrell, Co-Founder and CEO of WellDatabase. “We
are proud to partner with innovative tech companies, like Hunter,
to collectively deliver better resources and results to the oil and
gas industry for superior mapping, analytics, and data
management.”
Hunter’s OilEx platform is powered by blockchain
technology and designed to support end-to-end process flow for
physical oil transactions from deal discovery, negotiation, and
contracts through to settlement. Hunter is now taking the next
steps in the development of its integrated platforms by partnering
with WellDatabase. The availability of deeper data will
streamline and enhance the ability of producers to offer their
product and for buyers to improve the discovery of attractive
transaction opportunities in a visual map-based interface on OilEx,
leading to higher transaction volumes. The resulting real-world
benefits are optimized prices, simpler processes, improved
transparency, and the support of environmental responsibility.
About Hunter Technology
Corp.
Hunter Technology Corp. develops interactive
software platforms powered by blockchain technology that digitalize
and streamline physical oil trading throughout the transaction
lifecycle. With its solutions, Hunter delivers more favorable
economics and fair market access for all and promotes the
transition towards a more environmentally and ethically responsible
ecosystem. Its flagship product OilEx will connect
independent oil producers, buyers, and traders in a trusted digital
marketplace to optimize prices, simplify processes, improve
transparency, and support a reduced carbon footprint. Through
its data analytics capabilities, Hunter will offer real time supply
chain management tools for tracking the origin, transhipment, and
processing of hydrocarbons and the environmental, social and
governance (ESG) compliance during their life cycle.
ON BEHALF OF THE BOARD OF DIRECTORS Florian M
SpieglChief Executive Officer (888) 977-0970
For further information on Hunter, visit our
website at
www.huntertechnology.com
For more information on WellDatabase, visit
https://welldatabase.com/
NEITHER TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement Regarding
Forward-Looking Information.This news release contains
certain statements which may constitute forward-looking statements
or information (collectively, "forward-looking statements")
regarding Hunter’s business development plans. Forward-looking
statements are statements that relate to future, not past, events.
In this context, forward-looking statements often address expected
future business and financial performance, including factors beyond
Hunter’s control, and often contain words such as "anticipate",
"believe", "plan", "estimate", "expect", and "intend", statements
that an action or event "may", "might", "could", "should", "will"
or be "on track to" be taken or occur, or other similar
expressions. All statements, other than statements of historical
fact, included herein are forward-looking statements. By their
nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward looking
statements (including execution risk, market risk, industry risk,
market reaction, the impact of general economic conditions and
competition from other industry participants, as well as stock
market volatility). In this news release, forward-looking
statements relate to, among other things, Hunter’s business
development plans as well as Hunter’s future performance as it
develops its business. Although Hunter believes that the
expectations in its forward-looking statements are reasonable, they
are based on factors, estimates and assumptions concerning future
events which may prove to be inaccurate. Those factors and
assumptions are based upon currently available information. Such
forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that could influence actual results
or events and cause actual results or events to differ materially
from those stated, anticipated or implied in the forward-looking
statement. Such factors include, but are not limited to: risks
relating to delays, development and marketing risks, unforeseen
requirements resulting from the COVID-19 pandemic, commodity
prices, inability to access, on favorable terms, sufficient capital
from internal and external sources, the ability to access, hire and
retain employees; regulatory changes and impacts, timing and
completion of the Company's online platforms as well as general
business, economic, competitive, political and social
uncertainties. As such, readers are cautioned not to place undue
reliance on the forward-looking statements, as no assurance can be
provided as to future results, levels of activity or achievements.
The forward-looking statements contained in this news release are
made as of the date of this news release and, except as required by
applicable law, Hunter does not undertake any obligation to
publicly update or to revise any of the included forward-looking
statements, whether as a result of new information, future events
or otherwise. The forward-looking statements contained in this
document are expressly qualified by this cautionary statement.
Trading in the securities of Hunter should be considered highly
speculative. There can be no assurance that Hunter will be able to
achieve all or any of its proposed objectives. Please review
Hunter’s SEDAR filings including its management discussion and
analysis available under the Company's profile at www.sedar.com for
a more fulsome discussion of risk factors affecting Hunter.
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