Holiday Island Holdings, Inc. - soon to be EP3OIL, Inc. - has funded a $500,000 development of Windy Pointe Oil Field.
Though a joint venture with the Royal Family Oil Investment, LLC., EP3OIL has acquired the rights and will begin drilling on a 40-acre oil field located in Central Texas.
The Royal Family Oil Investment has agreed to provide the remaining funds necessary over the next 60 days.
EP3OIL will receive 20% of the net revenue from oil production for the management and overseeing of this project.
Glenn Klinker is quoted: “EP3OIL is excited to offer joint ventures as a way to partner with high net worth families, or individuals interested in getting into a turn key opportunity in the oil business.“
The Royal Family Oil and Gas, LLC General Partner, Mr. Jose “Perry” Taveras, said: “ We are very excited to be working with a great partner in EP3OIL, and we are looking forward to a long and mutually beneficial relationship.”
Mr Alverico Asencio, VP of EP3OIL is quoted: "The confidence that investors have been showing in EP3 has been overwhelming, and we are excited to be working with such qualified people.”
The Company will keep both its shareholders and public completely informed of the entire process as the details continue to develop. Please watch for press releases about the Company’s progress.