"Strategic Rare Earth Metals, Inc. and Parker Technologies, Inc. have sign a Letter of Intent were Strategic Rare Earth Metals, Inc. will acquire a ten percent (10%) equity position in Parker Technologies, Inc.
Parker’s patent pending Heavy Oil Gas Extraction Technology ("HOGE") is a technology that is relatively inexpensive and with no foreseeable environmental impact. HOGE is designed to extract heavy oil from formations such as tar/oil sands with a calculated recovery of 90% or more."
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