I don't know if there will be any news or not. I am looking for an update on their oil/gas wells, but they just released this on the 9th, so I doubt we'll see anything too soon.
MIDLAND PARK, N.J., SEPTEMBER 9, 2010--Global Agri-Med Technologies, Inc. (Pink Sheets: GAGO) has announced plans to start putting together a strategy and timetable in order to start production from its oil and gas wells to generate immediate cash flow. With the recent acquisition of Calgary, Canada based Quad Energy Corporation, the Company has Eleven proven properties to its holdings.
Fred DaSilva, President of Quad Energy, said, "Our development strategy to increase shareholder value is to capitalize on the great foreign investor demand for oil and gas companies in Canada. Our Company has a very attractive balance of oil and gas properties to develop and we are moving forward quickly to begin that development. The IEA has predicted that global oil and gas demand will accelerate next year and Quad Energy would like to position itself so that we are in a very strong position to exploit this opportunity."
DaSilva went on to say, "We have exceptional oil and gas properties that provide a tremendous opportunity to show revenue from these initiatives in the very near future. One of which is our 100% interest in 2,080 acres in Meota, Saskatchewan with accessible oil potential from multiple formations. In addition our Westlock, Alberta holdings are made up of 7,680 acres showing potential production from 2 separate formations. These are just two of our Eleven properties all with proven reserves. In addition, we have positioned ourselves to be able to acquire several cash flow opportunities, with this pending Quad Energy is poised for explosive growth."
AI
