Guard Dog, Inc. Developing the HOGE tool
December 16 2014 - 11:18AM
InvestorsHub NewsWire
Winter Park, FL - December 16, 2014 - InvestorsHub NewsWire
- Guard Dog, Inc. (OTC Markets:
GRDO) announced today that the company and Parker Technologies,
Inc. are in the process of developing the blue prints for the HOGE
tool. A prototype HOGE tool was made and tested a few years ago;
over the 7 days of testing oil production from the oil well, went
from 3 barrels to over 90 barrels a day. We believe this tool will
vastly improve any oil well production, not just heavy oil, while
significantly lowering the breakeven production levels needed to
maintain economically viable wells (potentially even at $10 per
barrel).
Guard Dog, Inc. has acquired a 30% ownership interest in Parker
Technologies, Inc. and has the rights to increase its ownership
interest in Parker Technologies, Inc. as we move forward with our
business venture in working together in developing Parker’s patent
pending Heavy Oil Gas Extraction Technology (HOGE) tool for
testing. The HOGE tool has the capability of producing over 200
bbls per day but our projections are based on a conservative 50
bbls a day.
Mr. Schaefer further stated, "With no reverse stock split in
mind, we look forward to building a new company with new
direction."
More about Parker Technologies, Inc. http://www.parkertechnologiesinc.com/
Forward-Looking Statement Any statements made in this press
release which are not historical facts contain certain
forward-looking statements; as such term is defined in the Private
Security Litigation Reform Act of 1995, concerning potential
developments affecting the business, prospects, financial condition
and other aspects of the company to which this release pertains.
The actual results of the specific items described in this release,
and the company's operations generally, may differ materially from
what is projected in such forward-looking statements. The company
disclaims any obligation to update information contained in any
forward-looking statement. This press release shall not be deemed a
general solicitation.
________________________________________________________________________
Contact:
Bill Schaefer, President
562-453-7643