G2 Energy Corp. (TSE:GTOO) has released an update.
G2 Energy Corp. has resolved a legal dispute with former COO and Director, Jim Tauge, by settling his $70,000 claim, thus ending the receivership ordered by a Texas court. This settlement follows a failed negotiation attempt and comes with the news of VP of Business Development Randy Smith’s resignation due to other commitments, although he will remain as a local consultant. The company, focusing on high-return oil and gas opportunities, has seen positive production results and is strengthening its relationship with affiliate Cloudbreak Discovery plc.
For further insights into TSE:GTOO stock, check out TipRanks’ Stock Analysis page.
