IDGC NEWS---IDGLOBAL's G2 Project Partner Announces Positive Results from the Geothermal Study
9 minutes ago - Businesswire
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As of 9:39 AM ET 1/12/09
IDGLOBAL (Pink Sheets: IDGC) IDGLOBAL is pleased to announce to its shareholders that IDGLOBAL's G2 project partner, Force Energy Corp. completed the Geosensing study regarding the Diamond Springs Prospect with results showing positive for hydrocarbon presence within the targeted acreage. The study was carried out by Hawkeye Geosensing Ltd. for Force Energy Corp (OTCBB:FORC.OB), which is one of the other working partners in the G2 Project. According to Harry Patrick, President of Hawkeye Geosensing Ltd., there is approximately a 75% chance of successfully completing on the Diamond Springs Prospect using their satellite map.
"This is good news and clearly validates that all working interest partners are in agreement for the initial drilling location," says IDGC President, Daryl Regier. The report shows large concentrations of potential commercial hydrocarbons in the three (3) sections that comprise the Diamond Springs Prospect. As previously stated in an earlier release, IDGLOBAL Corp has acquired a 10% working interest in the Diamond Springs Prospect located in the prolific Wind River Basin and these potentially recoverable reserves, would represent over $19,000,000 USD in gross revenues based on current crude pricing.
About the Digital Spectral Satellite Map
The map provided in the report is based on Digital Spectral Satellite images. The interpretation is based on pixel pattern recognition algorithms, the 2.31um (micron) hydrocarbon absorption anomaly, stressed vegetation analysis, and the reflectivity ratios of iron and clay minerals as seen in spectral satellite data. All opinions are based on field experience and published data.
About Diamond Springs Prospect: Fremont County, Wyoming
G2 Petroleum LLC of Midland, Texas, holds 3,300 acres of prospective oil and natural gas property in Freemont County, Wyoming. Geological reports provide potentially estimated recoverable reserves of approximately 4.3 Million barrels of oil for the Diamond Springs Prospect. The Northwest, North, and West Diamond Springs are shallow drilling prospects of 200' to 1,100' in depth, with a possible 72 drilling sites between the three locations based on 40 acre spacing.
About IDGLOBAL Corp. (www.idglobalcorp.com)
IDGLOBAL provides a range of leading technologies specifically designed to provide private enterprise and governments 100% solutions to their Counterfeiting and Loss Prevention / Anti-Theft security programs. IDGLOBAL's Nano-Molecular Markers / Tags(TM) are specifically designed for global anti-counterfeiting applications and its IDFORENSIX(TM) products provide Loss Prevention / Anti-Theft solutions.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of IDGLOBAL Corp. to be materially different from the statements made herein.
SOURCE: IDGLOBAL
IDGLOBAL Corp.
Marc Hamilton, Chief Operation & Financial Officer
Phone: 250-862-8933
Fax: 250-862-8322
