This is an explosive Gas & Oil company of the famous oil-business-man Marc Bruner!
the latest news: BELLINGHAM, WA, Feb 13, 2006 (MARKET WIRE via COMTEX) -- Digital Ecosystems Corp. ("Digital") (DGEO : digital ecosystems corp com new News , chart, profile, more Last: 3.00-0.14-4.46%
Ameritrade. Get up to $100 cash.DGEO3.00, -0.14, -4.5%) is pleased to announce today that it has entered into a definitive agreement with GSL Energy Corporation ("GSL"), a Maryland corporation, for the purpose of acquiring at least 80% of the issued and outstanding shares of GSL. Pursuant to the terms of the agreement and subject to closing, 100,000,000 shares of GSL's issued and outstanding common stock held by certain of GSL's stockholders will be converted on a one for one basis into shares of Digital's common stock (the "Exchange"), and Digital will assume the obligations of GSL to issue additional shares of the common stock of GSL pursuant to options issued under GSL's stock option plan, certain agreements entered into by GSL, and GSL's convertible debentures and convertible notes outstanding. GSL presently has 103,241,000 shares of its common stock issued and outstanding, and has options, convertible debentures and convertible notes outstanding to acquire additional shares of the common stock of GSL. Upon closing of the Exchange, Digital will own and operate the assets of GSL and change its business to that of GSL. Closing of the Exchange is subject to a number of conditions, including the following: (i) satisfactory completion of due diligence by both parties; and (ii) delivery of financial statements of GSL required under securities laws. Digital President G. Leigh Lyons stated, "We are excited by the potential of the GSL assets and properties and are anxious to begin development activities on these new assets. In particular, we look forward to drilling and developing the GSL acreage in the Piceance Basin -- in my opinion, one of the more exciting onshore plays in North America at the moment. With the continued cooperation and effort of both management teams we anticipate and look forward to the closing of this transaction."
About GSL Energy Corporation GSL is a global oil and gas exploration and production company that has acquired primarily unconventional natural gas prospects in North America and Australia. These GSL mineral assets include approximately 17,000 net mineral acres in the Piceance Basin of Colorado. The Piceance Basin is one of the most active natural gas regions in the Rocky Mountains with established gas production. GSL expects to proceed with a 25 well drilling program in the Piceance Basin with operations scheduled to commence in the second quarter of 2006. The Piceance Basin is an active natural gas production region with more than 5,800 active oil and gas wells.
Digital Ecosystems Corp. Gregory L. Lyons, President Investor Relations Contact: Brad Long 1-866-795-3436 SOURCE: Digital Ecosystems Corp. Copyright 2006 Market Wire, All rights reserved.
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i translated the following part with babelfish, so the english is not so good:
"... According to a study of the renowned geological institute Gustavson Associates got a 90 per cent store probability reserves in the amount of 212 bn cubic foot of gas there! Alone this crowd represents reserves at a world market price of USD 8 in the value of almost 1.7 bn USD. Related to the share price these would be about USD 10.7 per share. A 10 per cent probability sees that even up to 338 bn cubic foot of gas would store there the Gustavson analysis. This would represent even a share equivalent of USD 17. "
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