| GeoBio Energy, Inc. (OTC.PK: GBOE)
GeoBio seeks to become a dominant player in the oil and natural gas services field. Management believes the proposed acquisitions of (i)H&M Precision Products (H&M), a chemical blending company focused on oil and natural gas production improvement in the San Juan Basin shale play area of New Mexico and (ii)a civil construction company operating in the Piceance Creek Basin shale play area of Colorado, provide a solid platform for substantial growth.
New management, in connection with its recent due diligence review, has spent significant time onsite with the two companies and believes both companies will benefit from (i) the vision and experience of a strong management team and (ii) a proactive strategic sales and marketing plan. This combination is expected to unlock additional value through growth and expansion in existing and new geographic markets.
H&M, operating in the San Juan Basin, is known for its quick and effective response to customer problems with customized chemical formulations tailored to the needs of individual gas and oil wells. This competitive advantage has generated customer loyalty, consistent growth and profitability and provided customers with optimum production efficiency. Through a proactive sales and marketing effort GeoBio expects to expand the customer base of H&M throughout the San Juan Basin. Further, given that the Piceance Creek Basin is developing at a rapid pace, GeoBio intends to establish immediately a chemical blending and service operations in the Piceance Basin.
The civil construction company has a strong reputation in the Piceance Creek Basin and has a key customer with substantial opportunity for growth. Additional growth through expanding the business to all the major operators in the basin will be a top priority. In addition, GeoBio intends to establish a civil construction business in the San Juan Basin taking advantage of the strong, loyal customer relationships of H&M. The stellar performance, quality and safety record of the civil construction company will be a significant competitive advantage in the San Juan Basin.
GeoBio also expects to grow organically by (i) expanding geographically through the existing relationships of its pending business acquisitions and (ii) taking advantage of synergies between the two companies’ customer bases. Additionally, GeoBio intends to add to these capabilities through multiple key strategic acquisitions, which will add both geographic reach and new capabilities. At present, several additional acquisition opportunities are currently being evaluated. John L Sams incoming CEO of GeoBio, commented "We are excited about the opportunities in the oil and natural gas service markets of North America and internationally with our two acquisitions. These two companies will provide a solid platform for long term growth, expansion and profitability with immediate revenue and profits. Based on a proactive, strategic sales and marketing plan, taking advantage of the synergies between the two companies, cross selling and expanding capabilities and geographically operations, we believe both companies will create significant value for our shareholders.”
Management believes the proposed acquisitions of (i) a civil construction company operating in the Piceance Creek Basin shale play area of Colorado and (ii) H&M Precision Products (H&M), a chemical blending company focused on oil and natural gas production improvement in the San Juan Basin shale play area of New Mexico, provide a solid platform for substantial growth. The civil construction company has a strong reputation in the Piceance Creek Basin and has a key customer with substantial opportunity for growth. Additional growth through expanding the business to all the major operators in the basin will be a top priority.
In addition, GeoBio intends to establish a civil construction business in the San Juan Basin taking advantage of the strong, loyal customer relationships of H&M. The stellar performance, quality and safety record of the civil construction company will be a significant competitive advantage in the San Juan Basin. H&M, operating in the San Juan Basin, is known for its quick and effective response to customer problems with customized chemical formulations tailored to the needs of individual gas and oil wells. This competitive advantage has generated customer loyalty, consistent growth and profitability and provided customers with optimum production efficiency. Through a proactive sales and marketing effort GeoBio expects to expand the customer base of H&M throughout the San Juan Basin. Further, given that the Piceance Creek Basin is developing at a rapid pace, GeoBio intends to establish immediately a chemical blending and service operations in the Piceance Basin.
PICEANCE CREES BASIN SHALE PLAY OF COLORADO
The Colorado portion of the Green River Basin Oil Formation is located in the Piceance Creek Basin between cities Grand Junction and Rifle. These two cities run north of the Colorado River. Out of the Wyoming Oil Shale, Utah Oil Shale, and Colorado Oil Shale, the Colorado Oil Shale is expected to hold the greatest amount of Oil from Shale. Specifically, the Piceance Creek Basin is the hot spot for oil shale in the Green River Formation. The Green River Basin Formation is estimated to hold 1.30 - 2.0 Trillion Barrels of Oil from Oil Shale deposits. Estimates for recoverable Oil in the Green River Basin is around 750 Billion Barrels of Oil from Oil Shale.
SAN JUAN BASIN SHALE PLAY AREA OF NEW MEXICO
The Lewis shale formation is just one of several sources of gas in the San Juan basin. The San Juan basin is located in the Rocky Mountains in the states of New Mexico and Colorado and is the largest source of natural gas in that region. In the San Juan basin gas is produced from limestone formations, coal bed methane from coal seams, and from shales such as the Lewis formation
The demand for oil and natural gas continues to increase in North America and around the world. New exploration and production is expanding at a rapid pace, especially in the shale areas of the U.S. The newly developing Marcellus shale play in Pennsylvania along with Texas and Louisiana shale plays are all planned expansion areas for GeoBio. In addition, after the completion of the two acquisitions, GeoBio intends to expand internationally with the first targeted area being the active oil sands area of Alberta, Canada. GeoBio also expects to grow organically by (i) expanding geographically through the existing relationships of its pending business acquisitions and (ii) taking advantage of synergies between the two companies' customer bases. Additionally, GeoBio intends to add to these capabilities through multiple key strategic acquisitions, which will add both geographic reach and new capabilities. At present, several additional acquisition opportunities are currently being evaluated.
Management
Lance Miyatovich - Director/Chief Executive Officer
Mr. Lance Miyatovich is Director of GeoBio Energy, Inc., since September 23, 2009. He is a principal and managing member of The Law Offices of Lance Miyatovich PLLC, a Seattle, Washington based law firm focusing on litigation and business transactions. Prior to opening the law office, Mr. Miyatovich was President and a Director of Jolan Inc., a Seattle company that he co-founded and led for fifteen years. Mr. Miyatovich also served as General Counsel to Target Research and Management LLC, a hedge fund in Beverly Hills, CA. In addition, Mr. Miyatovich served on the Board of Directors of Agility Inc., of which he was a founding member, and Wizard’s Casino LLC, a member managed LLC. Mr. Miyatovich is a graduate of the University of Washington School of Law (JD) and Graduate School of Business (MBA).
Clayton Shelver - Director
Mr. Clayton Shelver is Director of GeoBio Energy, Inc. He is currently the Chief Technology Officer and Director of SARS Corporation, has extensive experience in information technology and remote data communications. Before founding SARS, Mr. Shelver served as Vice President of IT for Yukon Fuel Company from August 1996 to November 2001 and previously was IT Manager for Yutana Barge Lines in Alaska. He has developed ISO 9002 Quality Assurance Programs, managed information technology departments, and been part of mergers and acquisition teams in a number of businesses. Mr. Shelver received a B.A. degree (Information Systems Concentration) and an M.B.A. from the University of Washington.
Alan Chafee, CPA - Chief Financial Officer
Chaffee Geddes Chucka has been providing quality, personalized financial guidance to local individuals and businesses. Chaffee Geddes Chucka's expertise ranges from basic tax management and accounting services to more in-depth services such as audits, financial statements, and financial planning. Chaffee Geddes Chucka is one of the leading firms in and throughout Bellevue. By combining our expertise, experience and the team mentality of our staff, we assure that every client receives the close analysis and attention they deserve. Our dedication to high standards, hiring of seasoned tax professionals, and work ethic is the reason our client base returns year after year.
John L. Sams - Incoming Chief Executive Office
The company will be led by John L. Sams as Chief Executive Officer. John is a seasoned senior energy executive with 30 years' experience in the oil, natural gas, energy, power, and process sectors. His extensive oil and gas experience covers the full range of upstream to down-stream operations while leading large project construction, engineering services, manufacturing, capital equipment, and service companies. John is a dynamic, engaging and visionary leader with numerous achievements throughout his 20 year tenure at the senior management level. He has held positions as President/CEO/Director of an oil/gas related public AMEX listed company, a private Swedish company and President/COO/Director of three other oil & gas/energy related companies. He has a B.S. in Civil Engineering and an MBA.
Joseph J. Titus - Incoming Chief Operating Officer
Joseph J. Titus will serve as Chief Operating Officer. Joe is an accomplished executive with 25 years experience in the oil, natural gas, energy, power, chemical, and process sectors. His oil and gas experience ranges from the oil well to the refinery, and includes construction, maintenance, manufacturing, technology, equipment, and systems companies. Joe is a hands-on leader with extensive experience in startups, operations, business development and organizational change/design throughout his 20 years at the senior management level. He has held senior operations, project leadership, and sales positions at a public AMEX listed company, a startup clean energy company, a private process heating company, multiple specialty chemicals companies, and a public biofuels company. He has B.S. in Chemical Engineering and Paper Science and an MBA
Douglas A. Daniel - Incoming Senior Vice President of Corporate Development and Finance
John is a seasoned senior energy executive with 30 years' experience in the oil, natural gas, energy, power, and process sectors. His extensive oil and gas experience covers the full range of upstream to down-stream operations while leading large project construction, engineering services, manufacturing, capital equipment, and service companies. John is a dynamic, engaging and visionary leader with numerous achievements throughout his 20 year tenure at the senior management level. He has held positions as President/CEO/Director of an oil/gas related public AMEX listed company, a private Swedish company and President/COO/Director of three other oil & gas/energy related companies. He has a B.S. in Civil Engineering and an MBA.
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