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Stocktamer

10/09/10 4:12 PM

#1987676 RE: jmhollen #1987675

Compensated Awareness Post View Disclaimer
I think this will start to drive it...This is a great report and I recommend people read it.

Initial Company Information and Disclosure Statement

Common Stock
As of September 30, 2010:

(1) The Company was authorized to issue 750,000,000 shares of
common stock with par value $.001 per share.
(2) 93,741,136 of which were issued
(3) 19,330,320 shares were freely tradable.

The Company has also been actively working in Israel. The Company has
found that in the area in Israel licensed to the Company by the Israeli
Government for performing oil & gas exploration there are prospects of oil
presence that can be extractable. The Company has been working with
several groups of geologists in order to try to develop an assessment on this
matter. The interim reports have provided very optimistic results, describing
the eventually of about 20 million barrels of extractable oil. Further works
are to take place in this area. The Company has signed an agreement in
principle with Lapidoth Ltd., an Israeli exploration company, for performing
the first perforations in the licensed area. For this agreement to become a
contract there is still need to define all the perforation parameters (spot,
depth, etc), the price to be paid and other details for the performance of the
activities. On the basis of the interim report the Company is considering an
eventual public offering in Israel of Energtek Products Ltd., the subsidiary
owning the license. In addition, the Company is closely following the
developments in Israel regarding the future gas-bulk transportation,
following the big amounts of gas discovered off-shore Israel, expected to be
delivered in Israel within approximately two years. The Company is
preparing itself towards these future activities. The Company is also the main
shareholder of Energtek N.G.S. Ltd., a company formed to operate in the
area of natural gas mass storage. This last company is in discussions with a
potential investor towards an agreement for creating a jointly owned
company.


http://www.otcmarkets.com/stock/EGTK/financials