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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 Texas.
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.
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