Global Oil & Gas Recovery Corp. will merge with Metawells Oil & Gas Inc. (KOSK) a Nevada based, OTC Reporting Issuer. The principals and the management team has been involved in the Capital Markets, Petroleum and Natural Gas extraction industry for over 25 years.
Global Oil & Gas Recovery Corp. will Capture and Enhance the Oil and Gas Reserves that were previously discovered but not fully extracted, alleviatiating production declines, through the deployment of Enhanced Secondary Recovery Technologies Methods in the U.S.A. & Canada
The Company is in the Enhanced Oil and Gas Recovery (EOR) industry. and focused on abandon Oil & Gas wells located in Kansas, Colorado, Oklahoma and California. The Company's technology can enhance and increasing production at a fraction of the cost of fully developed field, providing excellent return on Investment. The Company will intriduce new technologies that limit the environmental impact from methane flaring like the Mobile Refining Unit (MRU).
As the world continues to use more crude oil and world oil reservoirs are depleted, new ways of extracting oil and gas must be developed to get every drop possible from existing source.
Richard Cindric
CEO
Is an Entrepreneur has been active in the capital market for 25 years. He has formed and successfully operated a number of private companies ranging from Marijuana production, and Mining Exploration publicly traded companies on the CSE, TSX and OTC markets. After years experience with capital markets, he determined that pricing and supply trends support the Enhanced Secondary Oil Recovery Market.
Andy Jagpal
President
Mr. Jagpal holds a Bachelor of Science from the University of British Columbia. He was also involved in establishing an integrated program with a large agriculture supply corporation. He has advised with Intrinsic Capital Corp., an investment group focused on direct investment, public listings, M&A, and venture capital. He is currently the COO for Tercero Lithium Corp.
Zig Lambo
CFO
Brings over 50 years of experience and involvement in capital markets as a former securities analyst, merger and acquisition specialist, financier and founder/co-founder of six other public companies over the past 38 years. He holds a degree in General Engineering from the University of Portland and an MBA-Finance/Marketing from Portland State University. He has had international business experience with private and public corporations in resource development and technologies as a CEO, CFO, vice president and director, and is currently a director of three public companies listed on OTC Markets.
The company operates using three distinct phases of oil recovery which are standard in North American oil and gas production. They are: Primary, Secondary and Tertiary (or enhanced) recovery.
Primary recovery produces oil and gas using the natural pressure of the reservoir as the driving force to push the material to the surface. Wells are often 'stimulated' through the injection of fluids, which fracture the hydrocarbon-bearing formation to improve the flow of oil and gas from the reservoir to the wellhead. Other techniques, such as pumping and gas lift help production when the reservoir pressure dissipates.
Tertiary recovery involves injecting other gases (such as carbon dioxide), or heat (steam or hot water) to further stimulate oil and gas flow to produce remaining fluids that were not extracted during primary or secondary recovery phases.
Secondary recovery uses other mechanisms - such as gas reinjection and water flooding - to produce residual oil and gas remaining after the primary recovery phase.
As much as eighty percent or more of the oil still in the ground. Oil fields were abandoned, towns died off and workers moved elsewhere, all with as much as eighty percent of the oil still underground, yet untouchable. Now with enhanced tertiary recovery methods another twenty percent or more can be extracted, or up to sixty percent of the oil is a reservoir, effectively doubling or tripling the amount of oil produced from the field.
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