G2 Technologies Corp. (CNSX:GTOO ) entered into a letter of intent to acquire Interest of thirty Operated Producing Oil Wells Located in Cochran County, Texas for $4.2 million on December 3, 2021. G2 Technologies Corp. entered into sale and purchase agreement to acquire Interest of thirty Operated Producing Oil Wells Located in Cochran County, Texas on December 21, 2021. The basic terms of the LOI contemplate that G2 will pay a cash consideration of $4 million and issue $200,000 worth of G2’s common shares, 90 days after closing, subject to regulatory approval. Under the terms of the transaction, G2 Technologies will pay $4 million on closing of the transaction and will issue 1,281,600 shares of common stock within ninety days after the closing date.