Subsidiary of Earth Search Sciences, Inc. (ESSE.OB) Announces Formation of Technology Fund for Oil Shale Development
Earth Search Sciences, Inc. announced late yesterday that their subsidiary General Synfuels International, Inc. has formed Patriot's Oil Shale Technology Fund L.P. They formed this to complete funding of the Phase 1 construction of a full-scale prototype oil shale plant under construction in Rock Springs, Wyoming. Patriot's Oil Shale Technology Fund L.P. is a $10 million partnership of American capitalists. The objective of this research and development type partnership is to prove the patented "Omnishale©" technology General Synfuels developed can recover large amounts of oil and gas products from American oil shale and oil sands in an inexpensive, economically viable,…