Hybrid Energy Holdings, Inc. (PINKSHEETS: HYBE) recently publicized its scheduled Closing Date for the acquisition of Safari Production, Inc. The parties have scheduled December 20, 2009 as the execution date for Definitive Agreements.
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The incoming operations generate strong recurring revenues, are profitable, and all have significant untapped reserves with multiple untapped 'pay zones.' Full details on current production levels and existing reserves, along with the Definitive Agreement's terms and conditions, will be filed as part of the Company's planned disclosure procedures with the OTC Disclosure Service. Shareholders will receive continuing updates and disclosures on current acquisitions and industry conditions.
HEH acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. HEH's acquisitions are focused primarily on traditional and proven fuel production and the latest in energy conservation and power co-generation technologies. HEH specializes in the recovery of oil and gas reserves through acquisition and project development utilizing both mature and marginal field enhancements and developmental exploration drilling and low risk exploration opportunities. HEH believes its combination of acquisition profitability and mitigated-risk funding structures provides ongoing portfolio viability and long-term shareholder equity appreciation.
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