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Article: Earth Search to Acquire General Synfuels International.
- Article from:
- PR Newswire
- Article date:
- July 21, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Acquisition secures patent and royalties on new method to recover oil and gas within oil shale, tar sands and heavy oil
LAKESIDE, Mont., July 21 /PRNewswire-FirstCall/ -- Earth Search Sciences, Inc., (BULLETIN BOARD: ESSE) today announced the acquisition of General Synfuels International, Inc. (GSI) and its patented technology to recover hydrocarbons through an environmentally-conscientious gasification process.
GSI has agreed to the buyout involving an undisclosed amount of cash and shares. The acquisition enables key Earth Search subsidiary, Petro Probe, Inc., to establish a joint venture and commercial licensing program to develop domestic oil ...