As of yesterday’s close, EGPI Firecreek Inc (OTCPINK: EFIR) rose 7.14% to $0.0015. A total of 249.92M shares of EGPI stock were traded, in line with its average weekly volume of 251.75M. EFIR stock surged as it completed its preparation for the pink sheet current listing.
How is EFIR handling the listing?
By virtue of its wholly owned subsidiary Energy Producers, Inc., EGPI Firecreek has historically focused on acquiring existing fields with proven reserves. EFIR focuses on enhancing and improving oilfields with potential high growth in revenue and asset value. EFIR anticipates that it will continue to look for and acquire new revenue producing businesses with good growth potential as it seeks to extend its reach across a broad range of oil and gas businesses.
EGPI Firecreek announced last week that it had completed the preparation for filing to up-list to a pink sheet status with OTC Markets.
- According to OTC Markets procedures, EFIR has provided all of the documentation, including financial statements and one of the legal opinions as required.
- In the event a filing is approved by OTCIQ, it will be posted on EFIR’s website within a few days for up-listing, and the OTCIQ system will upload it immediately after approval.
- A recent update to EFIR’s corporate profile on OTCIQ also anticipates its pink sheet acceptance in a few weeks.
- Additionally, EFIR reports that all previously issued convertible notes are barred from further collection or conversion activities due to current liability debts totaling $5,889,716 having passed the statute of limitations.
- EFIR’s liabilities have been eliminated as of April 2, 2021 by an agreement, permanently canceling $2,876,628 of these obligations effect of which will be recorded in EFIR’s 2021 financial statements.
- EFIR has filed its financial statements with the OTC Markets with footnotes that refer to these occurrences.
- In addition to its ongoing discussions with a potential merger/acquisition candidate, EFIR plans to update shareholders on its activities and progress as it builds itself as a fully diversified oil and gas holding company.
- The primary business of EGPI Firecreek (EFIR) has traditionally been oil and gas extraction and development.
EFIR is on the right track:
Efforts in EGPI Firecreek (EFIR) are focused on rehabilitation, production enhancements, and implementing state-of-the-art technology to upgrade proven reserves. Following the completion of its up-listing application, the focus of EFIR will now shift to developing a new corporate website and engaging in better transparency and communication through social media.
