StockGuru News: Edgeline Holdings’ (ELHI) Subsidiary, New EnerSource, Enters Due Diligence Phase on Its Potential Acquisition of an Enhanced Oil Recovery Technology
Edgeline Holdings’ (ELHI) Subsidiary, New EnerSource, Enters Due Diligence Phase on Its Potential Acquisition of an Enhanced Oil Recovery Technology Edgeline Holdings, Inc. (OTCBB:ELHI) HOUSTON–(BUSINESS WIRE)–Edgeline Holdings, Inc. (OTCBB:ELHI - News) announced that its newly formed subsidiary, New EnerSource, Inc., has entered into the due diligence phase on its potential acquisition of an enhanced oil recovery technology. This phase will involve testing the technology on a set number of wells in a large oilfield located in Texas in order to measure any increased production. This technology is still in the proof of concept phase and would require additional funding to…