American International provided a shareholder update on ongoing corporate operations. Integration Of Cycle Energy: On March 27th, 2023, AMIH announced that it had completed the acquisition of Cycle Energy Corp. a diversified energy company based in the state of Texas and currently operates three vertically integrated businesses. The finance team is now nearing completion of the 10Q for 2023 which will have the integrated financial and business plan of Cycle Energy Corp. Oil production operations: The past few months the Electra production team has been focusing on maintaining the previously announced average production of approximately 500 barrels per month. The operations team has been working aggressively to bring on as much production while working within the constrained budget and cashflow while management restructures the company and positions the company to be able to raise capital to capitalize field operations. Acquisition Strategy: AMIH is currently looking at several possible “bolt on” properties to our existing leases as acquisition candidates. Cycle oil and gas production operations are currently focused on Wichita and Wilbarger counties however intends to expand that focus through the area into neighboring counties. Technologies: Cycle continues to work on the development of its core technology. The company intends to ramp up development of the GTL project mid to late 2023.
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