Stocks & Investing
Stocks and Investing
Stocks and Investing
Thu, December 10, 2009
Wed, December 9, 2009
Tue, December 8, 2009 Timberlake Energy Solutions Inc. Signs Technology Pact With Robert J. Clark Group; Includes Innovative Gas Injection System Wit
OVERLAND PARK, KS--(Marketwire - December 8, 2009) - Timberlake Energy Solutions Inc. ( The company reports that pending the outcome of preliminary testing with the new Gas Injection System, it will proceed as defined under the terms of the Memorandum of Understanding to establish a subsidiary that will be 60% owned by Timberlake Energy with the balance held by the Clark organization. Payment terms of the proposed transaction with Robert Clark and companies include cash, Timberlake Energy stock and future oil production. In addition, Mr. Clark will be retained as a technology consultant to the proposed new Timberlake subsidiary. Says Bob Bowersock, Timberlake President, "This is a very significant step forward in the growth and development of our firm. The potential benefits that may accrue in terms of enhanced revenues and profitability at Timberlake Energy will have a positive impact on all parties involved in any way to our organization." The Robert J. Clark organization is an independent oil services and development company based in Andrews Texas. Clark companies include Clark Compression, Permian Energy Services, Hydrocarbon Imaging, Inc. Dura-Lift Systems, and Guardian Pump. About Timberlake Energy Solutions Inc. Timberlake Energy Solutions Inc. is a junior exploration company focused on purchasing abandoned or under valued oil and gas leases in the United States. With an experienced technical team, these oil and gas wells are refurbished and outfitted with the latest in oil and gas recovery equipment. Timberlake Energy Solutions has advanced technology to reclaim and put these wells back into production, hence increasing the well value significantly. Timberlake operates exploration projects through joint ventures in the Appalachian Basin and owns interests in a number of petroleum and natural gas leases in Lambton, and Kent, Counties, Ontario. In addition to its main operating focus, the company is actively exploring projects in the Appalachian and Michigan Basins. Timberlake Energy Solutions Inc. is listed on the Open Market Segment of the Deutsche Borse (FRNAKFURT: T2YA). A public offering of Timberlake Energy Solutions shares was not made in connection with their inclusion on the Open Market Frankfurt. Forward Looking Statements Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
