Global Agri-Med Set to Acquire Producing Oil & Gas Wells
MIDLAND PARK, N.J., Sept. 9 /PRNewswire/ — 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.”
For more information on Quad Energy, please see the company’s web site www.quadenergy.ca or call Fred DaSilva at 1-800-817-4140.
About Quad Energy
Quad Energy is a junior oil and gas company operating out of Calgary, Canada with a portfolio of oil and gas assets that include interests in Alberta and Saskatchewan. Quad seeks to acquire and improve properties that can be brought on stream to produce meaningful cash flow and then trade or sell these assets to middle tier oil and gas concerns in Canada or North America. Quad feels this strategy offers investors good upside potential with less of the risks associated with the traditional wild cating strategy employed by many of the junior oil and gas players.
Safe Harbor Notice
Certain statements contained herein are “forward-looking statements” (as defined in the Private Securities Litigation Reform Act of 1995). Global Agri-Med Technologies, Inc. cautions that statements made in this press release relating to the change of control and new business direction constitute forward-looking statements and makes no guarantee of future performance. Actual results or developments may differ materially from projections. Forward-looking statements are based on estimates and opinions of management at the time statements are made.
SOURCE Global Agri-Med Technologies, Inc.