He is also an attorney, licensed to practice law in the State of Texas. Valor is a mineral and working interest management firm which uses a proprietary software platform owned and developed by Mineral Tech. He co-founded Valor Mineral Management and Mineral Tech. DuBose has successfully acquired, managed, and/or sold thousands of royalty acres and working interests in the United States. Biographies of each of the team members are as follows:Ĭlifton Dubose Jr. Should the OilCo spinout be consummated, the team will be evaluated for commensurate employment packages subject to all necessary approvals.
Meta materials stock full#
This team is able to continue providing key planning and operational assistance for the full development of the Orogrande project. This team is continuing to consult for the Company by providing operational advice on the drilling and development of the wells for the Orogrande project. META has been utilizing a team of asset managers who bring significant experience in oil and gas exploration. (the "OilCo"), a newly formed wholly owned subsidiary of META, (ii) ensuring that the OilCo capital structure supports a spinout and, (iii) making any necessary filings with the SEC. The next steps in the spinout include, but are not limited to, (i) formal transfer of the assets through a contribution of certain subsidiaries that own the oil and gas assets to OilCo Holdings, Inc. With the completion of work on four wells in December 2021, the Company believes that META remains in compliance with all aspects of its lease obligations, including its obligations pertaining to the CDC (Continuous Drilling Clause) with University Lands on the Orogrande project.
Meta materials stock update#
On January 14, 2022, META provided an update on the Company's oil and gas assets and operations.
(the "Company" or "META®") (NASDAQ:MMAT)(FSE:MMAT) a developer of high-performance functional materials and nanocomposites, today provided an update on the special Series A Preferred Stock dividend in relationship to the oil and gas assets which is now planned as a spinout of these assets and operations in a company that will be owned by the Company's Series A preferred stockholders. HALIFAX, NS / ACCESSWIRE / Ma/ Meta Materials Inc.
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