Global Resource Corp. (GBRC.PK) Announces the Commencement of Phase II Testing
Global Resource announced after the bell that they will begin a testing process to find if it is possible to produce valuable energy byproducts from resid oil, a substance which remains after crude oil is distilled. Successful tests will prove that Global Resource’s patent pending process can produce oil and gas from resid oil which has been considered non-retrievable across the country. Frank Pringle, CEO of Global Resource Corporation stated, “What we have uncovered can potentially unlock billions of barrels of oil and vast amounts of gas from our domestic energy supplies, including capped oil wells. Producing energy from sources…