Amazing Energy Oil and Gas Co.  announced that it has launched a new subsidiary named Amazing Energy Technologies, LLC ("AET") and brought on seasoned professional, Mark Moss to run the new subsidiary as its CEO. The newly formed entity will focus on the recovery and monetization of stranded natural gas from the Company's existing assets and neighboring peers who currently either sell at a loss or flare associated gas production in the process of oil recovery. Stranded gas reserves account for approximately 25% of global proven reserves and are typically uneconomical to produce due to remote location or alternatively the gas is a byproduct associated to oil production and is flared when production costs are too high. Over recent years the conversion of gas to electricity using generators has been presented as a viable solution where scalability and access to grid connection is available. However, in most cases the remote nature of these gas fields is the limiting factor. Amazing Energy Technologies will address the stranded gas conundrum by delivering associated production and stranded gas to onsite portable units developed to convert gas to electricity and power onboard mining facilities for Bitcoin. The Company plans to deploy the first units in its Permian Basin acreage this Summer.

Mark Moss is a seasoned technology professional and investor. His experience includes scaling seven companies to over $1 million top line, each within the first twelve-month period. Mark has personally made significant cash investments into the digital currency mining space and additionally consulted on the operational launch of a solar to electric Bitcoin mining company. Mark brings over 20 years of experience owning various businesses and managing investments in real estate, gold, oil and gas, and cryptocurrencies; including more than 4 years in the digital currency space where he is a well-connected speaker, content creator and considered an industry expert.