GETC announces Operational Progress and Support
GETC issues a PR and perhaps more will follow if the final field training is to be done in the second quarter.
Monday May 13, 11:14 am Eastern Time
Press Release
SOURCE: Geotec Thermal Generators, Inc.
Geotec Thermal Generators, Inc. Announces Operational Progress and Support
BOCA RATON, Fla.--(BUSINESS WIRE)--May 13, 2002--Geotec Thermal Generators Inc. (OTCBB:GETC - News) announced progress and support in the following areas:
Our Ecuador joint venture partner, Barki has informed us that PetroEcuador has had a 25% decline in prior production, and Barki has a timetable for the Geotec technology introduction in the second quarter, 2002 to PetroEcuador and the private well owners in Ecuador.
Geotec has had various meetings and conferences with U.S. well operators/owners in the last three months with a view to establish a purchase program for segregating and reserving gas generators for each group of well operators, as they make service commitments and purchase arrangements for treatment of their wells. This type of contractual commitment will permit continual optimum production for these specific well operators utilizing Geotec engineering and gas generators. These individual agreements include a minimum of 100 wells or significantly more, and further information will be released on each as their funding for gas generators is received.
AI
