|From: microcapstocks8 (Rep: 0)||Date: 04/28/2009 09:29|
|Forum: Pinks and BB - Msg #1034 - List GBRC.OB msgs ||Thread #672589649 (Rec: 0) |
|GBRC Announces Agreement with Schlumberger|
Global Resource Corp (Stock Symbol: GBRC), announces Joint Development Agreement with Fortune 500 Oil and Gas Company, Schlumberger Ltd. (NYSE: SLB).
NYSE listed and multi-billion dollar oil and gas company, Schlumberger Ltd., has chosen GBRC as their partner to develop several products and services for oilfield operations through the use of GBRC’s breakthrough proprietary technology.
Schlumberger Ltd. (NYSE: SLB) is one of the largest oil and gas equipment and service corporations in the world with a market cap of over $50 billion and sales of $28 billion in 2008. GBRC beat out several firms and was chosen by this industry leader as their partner to develop “surface upgrading” products and services for “heavy oil” oilfield operations based on utilizing GBRC’s proprietary technology and intellectual property.
This is a critical milestone for GBRC. This agreement will not only generate GBRC’s first ever revenue, but more importantly further validate the value of GBRC’s proprietary technology and intellectual property.
The agreement will be broken down into 3 phases and Schlumberger will pay GBRC up to $1.6 million.
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