A little more background for Parker Technologies, which could be a joint venture candidate for SBRH.
Parker is focused on near term production growth through drilling in under-developed oil pools, while continuing to add future exposure to high impact, higher net working interest exploration drilling in highly prospective areas. Parker is dedicated to developing unconventional resources through special production methods and leading-edge technologies that can be performed in an efficient and economical way. With our energy expertise and an exciting portfolio of assets we aim to create stakeholder value through exploration, reserves and production, and opportunistic value realization.
Parker Technologies plans to unfold its business plan by installing its patent pending technology HOGE in 4 of the biggest heavy oil fields in the United States. With working models in these regions the company will then begin to expand and grow its production by drilling new wells or retrofitting existing ones throughout these fields. The company will further expand through exclusive and non-exclusive licensing agreements and joint venture projects with solid mid to major oil companies. With working models in these oil fields potential investors, licensees, and JV partners will get a firsthand look at how cost effective, eco friendly, versatile, and profitable the HOGE technology is. Once we have a solid footing in the US market we will venture to the international market where we believe our product will have great acceptance in the markets of UAE, Saudi Arabia, and Albania to name a few.
