Company Website http://www.gsv.com/
GSV, Inc. is an oil and gas exploration company. We seek to take advantage of the continuous rise in oil and gas prices and unique opportunities currently available in this vibrant marketplace. Apart form our working interest in two oil and gas wells in Louisiana, we recently acquired ownership participation in a number of exciting oil and gas prospects in Texas, thus positioning GSV for tremendous growth potential and significant increase in shareholder value.
Strategically, we plan to position GSV as a all to midsize oil and gas exploration companies in the US market.
GSV focuses on shallow, low risk prospects. We minimize risk and reduce the cost of drilling and production operations by applying modern, sophisticated and versatile analysis and exploration methods. Growth is driven by maximizing the value of the company's existing portfolio prospects, identifying and acquiring exciting new prospects, and pursuing M&A candidates that fit our expansion profile. Operations
GSV, Inc. owns a working interest in two oil and gas wells in Louisiana. We have also recently acquired ownership participation in a number of exciting oil and gas prospects in Texas, thus positioning the company for tremendous growth potential.
On May 13 we announced the closing of a round of financing at a significant premium over our share price. The proceeds will be used to continue developing our oil and gas prospects in Texas.
In June we successfully completed expansion work on one of our 2 Louisiana wells (see news). The well has tested at a flow rate of 4.86 MMcf (Million cubic feet) and about 200 BC per day.