$GRDO News
Post# of 94264
Posted On: 12/18/2014 1:30:04 PM
$GRDO News
***GRDO news: Guard Dog, Inc. Developing the HOGE tool
Winter Park, FL - December 16, 2014 - InvestorsHub NewsWire - Guard Dog, Inc. (OTC Markets: GRDO) announced today that the company and Parker Technologies, Inc. are in the process of developing the blue prints for the HOGE tool. A prototype HOGE tool was made and tested a few years ago; over the 7 days of testing oil production from the oil well, went from 3 barrels to over 90 barrels a day. We believe this tool will vastly improve any oil well production, not just heavy oil, while significantly lowering the breakeven production levels needed to maintain economically viable wells (potentially even at $10 per barrel).
Guard Dog, Inc. has acquired a 30% ownership interest in Parker Technologies, Inc. and has the rights to increase its ownership interest in Parker Technologies, Inc. as we move forward with our business venture in working together in developing Parker’s patent pending Heavy Oil Gas Extraction Technology (HOGE) tool for testing. The HOGE tool has the capability of producing over 200 bbls per day but our projections are based on a conservative 50 bbls a day.
Mr. Schaefer further stated, "With no reverse stock split in mind, we look forward to building a new company with new direction."
More about Parker Technologies, Inc. http://www.parkertechnologiesinc.com/
Forward-Looking Statement Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
________________________________________________________________________
Contact:
Bill Schaefer, President
562-453-7643
http://www.otcmarkets.com/stock/GRDO/news/Gua...29&b=y?
***GRDO news: Guard Dog, Inc. Developing the HOGE tool
Winter Park, FL - December 16, 2014 - InvestorsHub NewsWire - Guard Dog, Inc. (OTC Markets: GRDO) announced today that the company and Parker Technologies, Inc. are in the process of developing the blue prints for the HOGE tool. A prototype HOGE tool was made and tested a few years ago; over the 7 days of testing oil production from the oil well, went from 3 barrels to over 90 barrels a day. We believe this tool will vastly improve any oil well production, not just heavy oil, while significantly lowering the breakeven production levels needed to maintain economically viable wells (potentially even at $10 per barrel).
Guard Dog, Inc. has acquired a 30% ownership interest in Parker Technologies, Inc. and has the rights to increase its ownership interest in Parker Technologies, Inc. as we move forward with our business venture in working together in developing Parker’s patent pending Heavy Oil Gas Extraction Technology (HOGE) tool for testing. The HOGE tool has the capability of producing over 200 bbls per day but our projections are based on a conservative 50 bbls a day.
Mr. Schaefer further stated, "With no reverse stock split in mind, we look forward to building a new company with new direction."
More about Parker Technologies, Inc. http://www.parkertechnologiesinc.com/
Forward-Looking Statement Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
________________________________________________________________________
Contact:
Bill Schaefer, President
562-453-7643
http://www.otcmarkets.com/stock/GRDO/news/Gua...29&b=y?
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