Our Accomplishments

2022

  • Completion of a core drilling for MET reduction application

2021​

  • MOU agreement with co development with local partner​

  • Launched workover project with 3 old wells for stable revenue generation​

  • Fracturing & Workover with Schlumberger complete ​

  • Purchase our own 30 tons Rig for oil drilling​

  • Prepare a new drilling project applying for MET exemption

2020​

  • Removed troublemaker Reitman – Genesis now control 100% of Vinca​

  • Extended expiring license to 95 years with manageable drilling requirements​

  • Developed & proved “Green Drilling” technique – Over 50 wells drilled to date​

  • Developed commercially viable development plan for Vinka​

  • Set up a subsidiary in Cyprus​

  • Changed company name as Genesis Development Holdings Co., Ltd.​

2019

  • Win the first court on the exclusion case

  • Prevent Mr. Reitman from ever having any involvement with our business

  • Identify and eliminate or mitigate potential risks to the Company

  • Prepare company operations to attract top tier institutional partners​

  • Secure top tier local business and technical partners

  • Identify key assets of company and increase its value​

  • Oil License compliance and certification​

  • Hire and retain key management team

  • Partner with strong management team of VG and enlisted help of Schlumberger, one of the world’s largest oil services company.

  • Implement many creative and innovative approach to drilling techniques and design

We have accomplished our goals and so much more despite our past hardships.