June 9th, 2010
KALISPELL, Mont.–(BUSINESS WIRE)–General Synfuels International, Inc. (“GSI” or the “Company”), a wholly-owned subsidiary of the publicly-traded Earth Search Science Inc. (“ESSI”), has appointed a distinguished Advisory Board of North American energy industry and environmental investment professionals in order to better position the company’s fund raising and deal-making opportunities with its new generation of patented extraction technology for oil shale (and oil sands).
Called “Omnishale”, this technology utilizes super-heated air to dramatically accelerate the start of the extraction flow of high quality oil and natural gas liquids from oil shale while creating a self-sustaining, closed loop which operates in an extremely cost-effective manner and with minimal environmental impact.
The Company is about to introduce to the capital markets Patriot’s Oil Shale Technology Fund, LLC. (“Patriot”) a R&D partnership formed for the purpose of funding Phase I of a commercially-scalable prototype production facility. A broad set of project financing and deal making talent is needed to complement this capital formation event.
General Synfuels International is very pleased to welcome:
Rodney Schmidt, Managing Director, Standard Chartered Bank: Rodney Schmidt is SC’s senior oil and gas banker in the Americas overseeing coverage of SC’s top oil and gas clientele in North and South America. Rodney has spent his entire career in oil and gas, with most of it focused on advising senior management of top oil and gas companies across the industry and around the globe on strategic, commercial and financial matters. Rodney has been with SC since late 2007 when it acquired Harrison Lovegrove & Co (HLC). At the time of the deal HLC was the leading independent international upstream M&A advisory firm in oil and gas. Prior to HLC, Rodney was the founder and President of Northrise Enterprises LLC which participated in greenfield LNG regasification terminal development in the US. Before Northrise he was a partner at PFC Energy (PFC), a global oil and gas strategic advisory firm. He joined PFC in 1989, shortly after it was founded, and for more than 17 years was pivotal in building PFC into one of the industry’s leading oil and gas advisory groups. During his time at PFC he advised top management of many of the industry’s largest international oil and gas companies on their global E&P, gas and LNG businesses. Rodney built the firm’s E&P consulting, established its Global Gas & LNG business, led its corporate modeling and consulting activities, and was in charge of PFC’s global business development effort. Rodney has published and presented extensively on the global oil & gas and LNG industries, and on oil and gas taxation. Before PFC, he was with the Monetary and Financial Analysis division of the Bank of Canada in Ottawa (the Central Bank). He holds a Master’s degree in International Relations from the School of Advanced International Studies (SAIS) of The Johns Hopkins University in Washington D.C., a second graduate degree in Economics from Queen’s University at Kingston, Canada, and a Bachelor’s in Economics (with Honors) from the University of Alberta.
Gregory Kats, Senior Director, Good Energies, Inc.: Gregory is director of climate change policy at Good Energies (a leading global investor in renewable energy and energy-efficient technologies) and is senior leader of that firm’s energy efficiency and green building investment cluster. Greg is a founder of the American Council on Renewable Energy and the New Resource Bank. He is founding chair of the Energy and Atmosphere Technical Advisory Group for LEED, and was the principal advisor in developing Green Communities, the national green affordable-housing design standard. He serves on numerous boards, is sustainability advisor to CALPERS and is a Senior Advisor to and serves on the investment committee of Osmosis Capital LLC, a London-based fund-of-funds operating in the low carbon sector. Previously, Greg served as the director of financing for energy efficiency and renewable energy at the U.S. Department of Energy. He served on the DOE Privatization Task Force and was part of a small team that developed the first corporate-wide greenhouse gas inventory for large corporations. He was the founding chair of the International Performance Measurement & Verification Protocol, which has served as a technical basis for $10 billion in building upgrades and been translated into ten languages. Earlier in his career, Greg held various senior management and marketing positions in Europe. Greg earned an MBA from Stanford University, an MPA from Princeton University and is a Certified Energy Manager. He was a principal author of Green Office Buildings: A Practical Guide to Development (ULI, 2005) and is the author of the forthcoming book Greening Our Built World: costs, benefits and strategies (Island Press, 2009). Greg is a frequent keynote speaker at national clean-energy technology, venture capital, and real estate conferences.
Chris Meyerhoff, Partner and Chief Financial Officer, PFC Energy: Chris is the CFO for PFC Energy (an advisor to energy companies and governments with offices in six countries) and has a background in international economics and finance. Prior to joining PFC Energy as an oil analyst in 1988, he served as research economist in the U.S. Senate (Joint Economic Committee) and as an economist for Wharton Econometric Forecasting Associates where he contributed to regular publications and economic forecasts on the Middle East and Africa and econometric modeling. Chris holds a B.A. degree in Economics from Georgetown University and received his M.B.A. in Finance from George Washington University.
L. Charles “Duke” Meythaler, Principal, Shepard Kaplan, LLC: Duke has 36 years of experience advising both private and institutional investors. He has spent the past 25 years working in senior capacities for major consulting and investment management firms. Prior to joining Shepherd Kaplan (an Investment Advisory firm headquartered in Boston) , Duke worked for SEI Corporation as a senior consultant advising clients with more than $15 billion in assets. His expertise includes asset allocation, portfolio strategy, manager structure and selection, and policy review. He began his career as an attorney and trust officer for Commerce Bank of Kansas City. He has been a speaker at leading industry conferences and has testified before the United States Congress on subjects relating to pension matters. Duke holds a Bachelors degree in Business Administration and a Juris Doctorate from the University of Missouri. He has been a long-time investor in Earth Search Sciences Inc.
Janet Hughes Morrow, Private Investor: Janet is a native Chicagoan who has spent her entire adult life in the non-profit sector as a volunteer, a professional, a fundraiser and a philanthropist. She became an investor in Earth Search Sciences Inc. as a result of her passion for the environment which began when she became the volunteer chairman of the books and literature committee for The First National Congress on Population and Environment held in Chicago in June of 1970. In 1971 it was renamed TRUST Inc. and she became its Executive Director as it shifted its focus to the urban environment. In 1982, TRUST was awarded the prestigious James Brown IV Award given by the Chicago Community Trust to the most outstanding non-profit organization in the region. Janet has served on numerous boards and been appointed to a variety of committees by Governors and Mayors. More recently, Mrs. Morrow was a proud co-producer of the 2008 Sundance 19 Audience Award winning film titled “FUEL” which is a documentary on the world’s addiction to oil and the need to replace it with a more sustainable biofuel like algae. Always the pragmatist, however, she recognizes that it will take time for the U.S. to become more energy independent in a environmentally responsible way, and she sees ESSI technology as providing part of that solution. A graduate of Northwestern University with a degree in English Literature, Morrow serves on the Board of Directors at Bakke Graduate University in Seattle, Washington.
General Synfuels International, Inc.
Larry Vance, 406-250-7750, email@example.com, www.gsfuels.com
April 29th, 2010
KALISPELL, MT — Earth Search Sciences, Inc. (OTCBB:ESSE) today announced its subsidiary company, General Synfuels International (GSI) has formed Patriot’s Oil Shale Technology Fund L.P, a $10 million partnership of American capitalists, to complete funding of the Phase 1 construction of a full scale prototype oil shale plant under construction in Rock Springs, Wyoming. The goal of this research and development type partnership is to prove the patented “Omnishaleã” technology GSI has developed can recover large amounts of oil and gas products from American oil shale and oil sands in an inexpensive, economically viable and environmentally safe manner.
GSI has engaged a boutique investment bank, NBT Capital Partners LLC, and its Chairman/Founder Tobin Smith to lead the Fund. Mr. Smith, a noted financial analyst, states, “NBT Capital Partners was formed to help finance transformational American companies, like GSI, dedicated to extracting precious oil and gas reserves from the massively abundant oil shale and oil sands resources we have in America with an environmentally safe technology process. This fund will be an initial down-payment on an overall $50,000,000 equity/debt project finance program we are initiating to complete a full scale operational plant. Once we validate the production data of the Omnishaleã technology it is NBT Capital’s goal to assemble a series of high yield investment opportunities for maximum exposure and multi-plant production. This is a great opportunity for economic growth and job creation in the United States”.
An initial Private Placement of $2 million has been accepted by GSI/ESSI in funding related to the above project.
For more information on the Patriot’s Oil Shale Technology Fund L.P. contact Tobin Smith at 240-483-4629 or email to:
About Earth Search Sciences Earth Search Sciences, Inc., (ESSI) is a fully reporting public company (“ESSE” – OTC BB) headquartered in Kalispell, MT. The corporation is structured as a holding company with a number of subsidiary companies charged with developing advanced technology applications for the exploration and discovery of natural resources.
About General Synfuels International, Inc. (GSI) is dedicated to transforming fossil fuels development and moving the United States toward its goal of energy independence. We have developed and patented in-situ gasification technology “Omnishaleã” to recover oil and gas products from oil shale, tar sands and heavy oil which are abundant in North America. For more information, visit our website www.gsfuels.com.
This news release includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
March 30th, 2010
KALISPELL, MT — Earth Search Sciences, Inc. (OTCBB:ESSE) today announced that drilling is set to begin today on an oil shale gasification site under a development agreement with its subsidiary company General Synfuels International, Inc. The core and instrument holes will accommodate proof-of-concept testing for an in-situ oil shale recovery process developed by the company on lands in the heart of an oil shale formation that encompasses parts of Wyoming, Colorado and Utah.
“American energy security depends on smart, environmentally responsible development methods represented by the low-impact process we will demonstrate in Wyoming,” said Michael Lockhart, chief technical officer of Earth Search Sciences. “We are excited to demonstrate the effectiveness of this patented Earth Search technology.”
The Earth Search site is located near Rock Springs, Wyoming, in the Green River Formation. Here, the most economically attractive oil shale deposits in the USA exist. Government projections are that in excess of 1.2 trillion barrels are found in the Green River Formation of Colorado, Utah and Wyoming.
The site chosen has approval of the resource owner Union Pacific Railroad and resource manager Anadarko Petroleum. The Rock Springs Grazing Association has also approved the clean environmental aspects of the technology and is supporting the test site with its assignment of surface rights.
General Synfuels is an emerging technology petroleum company that focuses on the use of patented oil shale recovery technology in the search for and production of hydrocarbon products.
For more information, visit websites at www.earthsearch.com and www.gsfuels.com