StockGuru News: Edgeline Holdings (ELHI) Subsidiary, New Enersource, Enters Negotiations to Acquire an Enhanced Oil Recovery Technology
Edgeline Holdings Subsidiary (ELHI), New Enersource, Enters Negotiations to Acquire an Enhanced Oil Recovery Technology Edgeline Holdings, Inc. (OTCBB:ELHI) HOUSTON–(BUSINESS WIRE)–Edgeline Holdings, Inc. (OTCBB:ELHI - News) announced today that its newly formed subsidiary, New EnerSource, Inc., has entered into negotiations to acquire an enhanced oil recovery technology. This technology is in the proof of concept phase and would require additional funding to develop, but if successful, would address part of the unrecoverable oil market. It is estimated that Texas alone has over 100 billion barrels of oil that are classified as unrecoverable. Enhanced Oil Recovery (EOR) is a generic term…