Jan 7 (Reuters) - Gen III Oil Corp GIII.V :
* GEN III PROVIDES UPDATE ON DEFINITIVE AGREEMENT AND RELATIONSHIP WITH THE SUPER MAJOR
* GEN III OIL CORP - RECEIVED FIRST DRAFT OF A DEFINITIVE AGREEMENT FROM SUPER MAJOR
* GEN III OIL CORP - WORK TO IDENTIFY A SUITABLE RE-REFINERY SITE IN US GULF COAST REGION IS ALSO ONGOING