Petro River Enters into Agreement to Acquire Gas-to-Liquids Technology System
Acquisition Intended to Expand Technology-Focused Business Petro River / Petro Spring
New York, NY– February 18, 2015 Petro River Oil Corp. (OTCBB: PTRC) (“Petro River” or the “Company”) today reported that its wholly owned subsidiary Petro Spring LLC. (“Petro Spring”) has entered into an agreement to acquire substantially all the assets owned by chemical solutions provider Havelide GTL LLC. (“Havelide”), including certain patents, intellectual property, trade secrets, and know-how related to Havelide’s process of converting natural gas to high value liquid products, including naphtha, hydrogen peroxide, and hydrogen gas (the “Acquisition”). The process, named “The Havelide SystemTM” achieves gas-to-liquids (“GTL”) through an advanced proprietary molten salt catalyst.
Sign Up to Receive Our Update
Understanding where we came from is important in defining where we are going. Petro River is driven by a combination of its private investing background and experienced oil and gas technical team. Click here to learn more about us.
Our investors are our partners. Click here for investor information and to keep up to date with the latest Petro River news and events subscribe to our email updated below.
Petro River has put together an experienced leadership team that includes executives with technical and scientific expertise in the energy sector as well as private equity and capital markets experience. We also have a number of qualified advisors who help guide the decision making process. Click here to meet our team.