StockGuru News: Edgeline Holdings (ELHI) Forms New Subsidiary, New EnerSource, to Develop Enhanced Oil Recovery Technologies
Edgeline Holdings Forms New Subsidiary, New EnerSource, to Develop Enhanced Oil Recovery Technologies Edgeline Holdings, Inc. (OTCBB: ELHI) HOUSTON–(BUSINESS WIRE)–Edgeline Holdings, Inc. (OTCBB: ELHI - News) announced today that it has formed New EnerSource, Inc., a wholly owned subsidiary, to develop and procure enhanced oil recovery technologies and develop international hydrocarbon plays. New EnerSource will actively pursue new innovative technologies that are in the early development phase from universities and other entities to utilize in reviving old fields that still have large reserves that were once thought unrecoverable. New EnerSource estimates that Texas alone has over 100 billion barrels of…