The acquired assets consist of multiple US-based and South American internationally-based contacts, and preliminary, non-material engagements with financiers and oil and gas project development opportunities.
According to Energy Management International, the assets represent significant pre-project development efforts completed by the Franklin group that provide an opportunity from which the company can move into the project development and financing phase. Projects include oil and gas production and exploration and downstream gas to energy projects.
Energy Management International is positioning itself to add North and South American oil and gas production, and enter into downstream processing design, build, and/or operating agreements in Paraguay, Bolivia and Argentina, the company said.
Franklin Oil and Gas is a Nevada Corporation partially owned by Franklin Mining, which has mining interests in the US and Bolivia.