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Tuesday, January 07, 2020 12:27:47 AM
"This is not development-stage acquisition, but a company with existing assets that is just now entering its revenue cycle"
after acquiring DMAN ,management has some big house cleaning to do
The transaction was treated as a reverse merger with GeoEnhanced as the surviving entity for accounting and reporting purposes.
since the share exchange, GeoEnhanced has done a lot of house cleaning issues with respect to Demand Brands!
major accomplishment of the transaction entailed getting a lot of the legacy convertible stock held by third parties negotiated into a cancellation!
GeoEnhanced Technology is Priceless
they can map up to a depth of around 40,000 feet !
the technology can show the specific chemical composition of the strata. It can differentiate between oil and water, quartz and gold, and even detect gas pockets.
the imaging also shows directional movement of the formation, i.e. the flow. This feature is particularly useful when drilling for oil and gas as it allows for more precise placement of wells to maximize production volumes.
https://www.geoenhanced.com/electroseismic
the business model involves multiple revenue streams >>
First, market and sell seismic imaging services to third parties.
For example, on a current South Texas running oil project, they will receive a percentage on the oil production income into perpetuity.
Second, acquiring their own oil and gas leases to establish production
Geo's South Texas project, which have imaged earlier in 2019 should go into production soon .
and
the Klein Ranch in Central Texas which we have imaged and working towards drilling in early 2020.
and
10,000 acre HAGEILSTEIN owned leasehold. Confirming viable reserves at depths of 3,500 to 4,000 feet.
DMAN tweets are pointing to some interesting viable oil reserves on those sites
https://twitter.com/geoenhanced
Geo is in the process of filing for several patents for their technology $$$
No RS ,No AS increase and New Name and Symbol are coming $$$
Oil prices exploding with tensions in the middle east !!
DMAN is poised for Huge gains this month !
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