Manganese X Negotiating Significant Oil and Gas Transaction To Purchase Interest in Private Canadian Oil and Gas Company with Agreement for Breakthrough Schlumberger Technology for Enhancing Oil and Gas Production
Manganese X Negotiating Significant Oil and Gas
Transaction
To Purchase Interest in Private Canadian Oil and Gas Company with
Agreement for Breakthrough Schlumberger Technology for Enhancing Oil
and Gas Production
Montreal, Quebec:--(Newsfile Corp. - March 2, 2018) -
Manganese X Energy Corp.
(TSXV: MN) (FSE: 9SC2)
(TRADEGATE:9SC2)(OTC Pink: SNCGF) ( "Manganese X" ) is currently in
negotiations to purchase an interest in a privately
owned Canadian Oil and Gas company ("Privateco"). Privateco has a contract with Schlumberger Limited, an oil and gas
services company ( SLB on the NYSE
market cap $92.2 billion US.) to utilize
a newly developed technology that increases oil
and gas yields. Privateco will utilize this with their existing oil and gas properties as well as any future oil and gas acquisitions
which have been approved by Schlumberger. Schlumberger will finance this implementation and receive 30% of the profits from
the increased outputs.
The investment in Privateco is expected to generate dividends to Manganese X which will finance the Battery Hill project and
reduce further dilution to Manganese X shareholders. Further details will be released at the appropriate time.
About Manganese X Energy
Manganese X Energy's mission is to acquire and advance high potential manganese prospects located in North America
with the intent of supplying value added materials to the lithium ion battery and other alternative energy industries as well as
the steel industry. In addition, our company is striving to achieve new methodologies emanating with environmentally friendly
green/zero emissions processes and producing manganese at a lower competitive cost.
For more information, visit the website at
www.manganesexenergycorp.com
.
ON BEHALF OF THE BOARD OF DIRECTORS
Martin Kepman
CEO and Director
1-514-802-1814
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" including statements with respect to the future exploration performance
of the Company. This forward-looking information involves known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of the Company to be materially different from any future results,
performance or achievements of the Company, expressed or implied by such forward-looking statements. These risks, as well
as others, are disclosed within the Company's filing on SEDAR, which investors are encouraged to review prior to any
transaction involving the securities of the Company. Forward-looking information contained herein is provided as of the date of
this news release and the Company disclaims any obligation, other than as required by law, to update any forward-looking
information for any reason. There can be no assurance that forward-looking information will prove to be accurate and the reader
is cautioned not to place undue reliance on such forward-looking information