Global Link Technologies, Inc. reported that it is in the process of filing for a name and symbol change. The new name of the Company will be JR Oil & Gas, Inc.
JR Oil & Gas, Inc. is in the process of scheduling a rig to be on its lease site within 30 days, depending upon rig operator scheduling. The Company plans for its initial well to be drilled in the Yegua sands that are less than 4,000 feet deep. In reviewing nearby wells and seismic data, the Company anticipates discovering natural gas.
A balance sheet is being prepared by the Company's CPA firm this week that will be uploaded to the http://www.pinksheets.com web site. The Company's attorneys are preparing the various regulatory filings which the Company hopes to have completed in the next ten (10) business days.
JR Oil & Gas appreciates all the interest it has had from its shareholders.
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