GSV, Inc. owns a working interest in two oil and gas wells
in Louisiana. We have also recently acquired ownership participation in a
number of exciting oil and gas prospects in Texas, thus
positioning the company for tremendous growth potential.
On May 13 we announced the closing of a round of financing
at a significant premium over our share price. The proceeds
will be used to continue developing our oil and gas prospects
In June we successfully completed expansion work on one of our
2 Louisiana wells (see
news). The well has tested at a flow rate of 4.86 MMcf
(Million cubic feet) and about 200 BC per day.