DMAN - GEOEnhanced Technologies was founded in 2016 to develop and bring to market a 4D seismic imaging system for oil, gas, mineral and water exploration. The proprietary technology conducts subsurface analysis in order to locate, identify, and quantify liquid and gaseous hydrocarbons, water, and other minerals. The electro-seismic process can eliminate “dry hole” and other exploratory costs in both the energy industry and mineral exploration. Unlike other seismic imaging devices, GEO’s system works without drilling any holes and also gives a reading on porosity at depths up to 40,000 feet. In the case of subsurface liquids, the system is able to show not only the size, depth and composition of the material, but also the direction of flow. This information greatly reduces drilling and operating costs and increases well productivity.
GEO’s business is primarily a service model where they image property for third party exploration companies. Revenues are generated from a combination of flat fees charged per acre plus an override percentage on production that results from using the information provided. GEO also provides drilling consulting and management services. The Company is also acquiring existing oil, gas and mineral leases on which it will employ its technology and expertise to drill new wells and increase the production and value of those leases.
https://www.globenewswire.com/news-release/20...hange.html
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https://www.zoominfo.com/c/Geoenhanced-techno.../448682067
GEO’s business is primarily a service model where they image property for third party exploration companies. Revenues are generated from a combination of flat fees charged per acre plus an override percentage on production that results from using the information provided. GEO also provides drilling consulting and management services. The Company is also acquiring existing oil, gas and mineral leases on which it will employ its technology and expertise to drill new wells and increase the production and value of those leases.
https://www.globenewswire.com/news-release/20...hange.html
====================================================
https://www.zoominfo.com/c/Geoenhanced-techno.../448682067
