Global Agri-Med Technologies has begun discussions toward the possible acquisition of a significant gas property in Kentucky in order to expand the resource base of its Quad Energy subsidiary.
Fred DaSilva, President of Global and Quad, stated, "These Knox formation gas properties in Kentucky can be reliable producers and we definitely have an interest in moving forward with our due diligence." Mr. DaSilva also noted that, "Quad is aggressively pursuing several acquisitions, both of producing properties and exploration opportunities where we believe the probabilities favor development of commercially viable properties. To that end we are also in discussions with other individuals who we expect to join the team in the coming months."
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