The Shares of Global Resource Corporation (GBRC.PK) soared Friday Up 16.84 % on volume of 159k shares traded, as the Company was recently highlighted by the U.S. Department of Energy.
The Department of Energy issued a report on Wednesday, June 20, 2007, identifying 25 companies that possess unconventional fuel production technologies.
The report includes a profile on Global Resource and its energy production technologies, which can potentially unlock billions of barrels of oil from various oil shale, tar sands, coal and capped oil wells located in the USA.
Representatives from the DOE have reviewed Global Resource’s technology and process in-person at the Company’s test facility in southern New Jersey.
DOE experts witnessed tests performed in Global Resource’s emissions-free laboratory unit and analyzed tests preformed on various petro-chemical byproducts. In the process. High Frequency microwaves are applied to shale, tar sands, resid oil, coal and resources, to heat and gasify hydrocarbons.
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