Geo Finance Corporation (GEFI) Concludes its Due Diligence For Acquisition of Texas Leases
07 November 2011 - 3:00PM
Marketwired
Geo Finance Corporation (PINK SHEETS:GEFI) is pleased to announce
it has completed its diligence of the acquisition of a lease
package in Wichita and Archer Counties, Texas.
As announced in the Press Release of August 15, the lease which
covers approximately 200 acres has 30 existing closed wells and one
injection well, which the company intends to re-work and bring back
on line as well as examine the potential for production from
additional zones that may be present on this lease not previously
produced from.
The due diligence review included but was not be limited to an
examination of past production records, area production records,
effectiveness of existing equipment on site and a review of title.
Mr. Arnold, the CEO of Geo Finance Corporation attended the final
steps of the review process in Witchita and Archer Counties, Texas
and reported that "I have seen the production records, reviewed the
final report of the geologist, the adjoining production of others
in the area and am very enthused about the future earnings
anticipated from this field. We now will be seeking assistance from
a financial partner to complete the acquisition and put this field
into production as soon as possible."
About Geo Finance Corporation: Geo Finance Corporation is a
Florida entity established to develop and invest in energy related
projects including waste to energy, geothermal collection fields,
natural gas and petroleum production. The administrative office is
based in Toronto, ON, Canada.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
Statements in this document regarding the Transaction, the
expected timetable for completing the Transaction, benefits and
synergies of the Transaction, future opportunities for the company,
expectations regarding the value and benefits of the Transaction
and any other statements about Geo Finance Corporation's
managements' future expectations, beliefs, goals, plans or
prospects constitute forward-looking statements within the meaning
of the United States Private Securities Litigation Reform Act of
1995 and other applicable securities laws. Any statements that are
not statements of historical fact (including statements containing
the words "believes," "plans," "anticipates," "expects," estimates
and similar expressions) should also be considered to be
forward-looking statements. There are a number of important factors
that could cause actual results or events to differ materially from
those indicated by such forward-looking statements, including, but
not limited to: the ability of the parties to consummate the
Transaction and satisfy the conditions thereunder; the ability to
obtain, the impact of any actions taken by any other party to
complicate, delay or prevent the transaction Except as required by
applicable law, Geo Finance Corporation disclaims any intention or
obligation to update any forward-looking statements as a result of
developments occurring after the date of this document.
Contacts: Geo Finance Corporation John M. Arnold C.E.O. 416 669
2416 GEFI Investor Relations provided by: W.R.H. Media Group
1.206.201.2390gefi@wrhmediagroup.comwww.wrhmediagroup.com
Geo Finance (CE) (USOTC:GEFI)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
Geo Finance (CE) (USOTC:GEFI)
Historical Stock Chart
Von Jun 2023 bis Jun 2024
