AMIH Subsidiary Cycle Energy Realizes Approximately 66 Oil Production Increase Over First Three Months of 2023
Electra, Texas, April 03, 2023 (GLOBE NEWSWIRE) — American International Holdings Corp. (OTCQB: AMIH), (“AMIH” or the “Company”), a diversified holding company, has received its first Quarterly Field Operations Report (“QFOR”) relating to its newly acquired, wholly-owned subsidiary Cycle Energy Corp. (“Cycle Energy”). The QFOR covers, (1) Oil Well Production, (2) Well Re-completion Projects, and (3) Plugging and Reclamation Projects. Oil Well Production: Per the QFOR, Cycle Energy’s oil well production has increased from 15 barrels of oil per day to 25 barrels of oil per day between January 1, 2023, and March 31, 2023, representing a 66% increase. Cycle…