News

January 14, 2017

French Asset

Geosat is seeking an investor for an excellent opportunity to purchase a Canadian subsidiary company, located in the gas fields of France, to provide a real asset with gas reserves of estimated 750 BCF. The investor could become a profitable partner by investing in our strategy to exploit the in-house patented, advanced, cost effective technology to delimitate gas reservoirs and bring these to market.

Our provisional budget for this early stage project would be comprised of company purchase, operational costs to fully image the reservoirs prior to production and hookup to the national gas system (a major artery of which passes across the concession).

Oman Asset

Geosat is seeking investors to explore an asset in Oman. It has signed a conditional exploration services contract with Sunset Pacific Petroleum Ltd. an independent oil and gas exploration and production company that since 2005 has been engaged in exploration, development and production of oil and natural gas mainly in Western Canada. The Company has recently changed its focus to The Middle East North Africa Region (“MENA”) and is now closing a farmin on a highly prospective onshore EPSA block in Oman.