GLOBAL LINK TECHNOLOGIES, INC.

Similar documents
QUARTERLY ACTIVITIES REPORT SEPTEMBER 2016

Baron Energy, Inc Business Plan

Viking Advisory Group. Company Presentation September 2011

For personal use only

SOUTHWESTERN ENERGY PROVIDES THIRD QUARTER 2003 OPERATIONAL UPDATE

Baron Energy, Inc. Company Overview

BLUEKNIGHT ENERGY PARTNERS, L.P.

WOOD ROBERTS, LLC. Corporate Finance for Energy Online Brochure

For personal use only

ITOCO INC Amended Quarterly Report March 31, 2018

Company Profile. ECCOEnergy.com OTCBB. ECCE. July 1, Trading Symbol Marquart St. Suite 206 Houston, Texas

First Southern Securities, LLC Credentials

CLIFFS NATURAL RESOURCES INC.

Contact: Greg A. Smith Katja Gehrt Marshall & Ilsley Corporation Warburg Pincus

Annex- II MARGINAL/ STRANDED GAS FIELDS- GAS PRICING CRITERIA AND GUIDELINES, 2013 GOVERNMENT OF PAKISTAN MINISTRY OF PETROLEUM & NATURAL RESOURCES

Greg Nelson. Houston. Practice Areas. Admissions. Education. Partner, Tax Department

ASX ANNOUNCEMENT (ASX: BRU) 4 May 2011

Matthew Allen MD & CEO Joint Venture partner Byron Energy (Operator) is a proven

New York Bar admission (or eligibility to obtain admission promptly) is required.

KKR & Co. Inc. Goldman Sachs U.S. Financial Services Conference December 4, 2018

A company where growth and returns go hand in hand

Halliburton and Baker Hughes Creating the leading oilfield services company

Investment Fund for North American Unconventional Resource Plays

For personal use only

Textron Reports Second Quarter 2014 Income from Continuing Operations of $0.51 per Share, up 27.5%; Revenues up 23.5%

Atlantic ATLANTIC WIND & SOLAR INC. OTC Pink Basic Disclosure. AWSL OTC Disclosure Page 1! of 10!

GULFPORT ENERGY CORPORATION (Exact Name of Registrant as Specified in Charter)

Robert A. Greising Partner

Robert A. Greising Partner

Supplementary data for MLP SE (in line with the German

ALANCO TECHNOLOGIES INC

Textron Reports Third Quarter 2014 Income from Continuing Operations of $0.57 per Share, up 62.9%; Revenues up 18.1%

2 nd Quarter Earnings Conference Call

UNITED STATES COURT OF APPEALS FOR THE DISTRICT OF COLUMBIA CIRCUIT

Building Momentum. Chris Jacobsen Premier Natural Resources. SPEE Tulsa November 19, With Private Equity

Energy Recapitalization and Restructuring Fund, L.P. IPAA Presentation. January 2012

Enayat Qasimi. Partner. Experience M Street, NW Suite 450N Washington, DC Phone: Fax:

OTTO TO DRILL 400 MILLION BARREL NANUSHUK OIL PROSPECT ON ALASKA NORTH SLOPE IN EARLY 2019

MERMAID MARINE AUSTRALIA LTD INVESTOR BRIEFING DEVELOPMENT OF DAMPIER SUPPLY BASE

4 th Quarter Earnings Conference Call

Operational Intelligence to Deliver Smart Solutions. Copyright 2015 OSIsoft, LLC

April 25, Page 1 of 5. Michael R. Bellora Deputy Treasurer, Fixed Income Investor Relations and Banking

Operational Intelligence to deliver Smart Solutions

Energy. Practice. Group

Q&A with Samira Salman

Mubadala Development Company PJSC 2010 Full Year Results 24-March-2010

Applying Earned Value to Overcome Challenges. In Oil and Gas Industry Surface Projects

4 th Quarter Earnings Conference Call

ASX Release. 20 April Dear Shareholder, ADX Dougga Presentation to ETAP and Ministry in Tunisia

Raymond A. Snead, Jr., D. Sc., FHFMA, FACHE

GALOC PHASE II DEVELOPMENT APPROVED AND RESERVES UPGRADED

CHARTERED CAPITAL ADVISERS, INC.

Published by News Bites on May 3, Available on Westlaw.

ORIENT OPERATING COMPANY PRIVATE LIMITED PROFILE

VITAL ENERGY INC. CORPORATE PRESENTATION

S. ANDREW MCINTOSH EDUCATION TECHNICAL EXPERIENCE

Management Bios. Michael P. Norcio, Chairman and CEO

ATP Oil & Gas Corporation. Advanced Asset Acquisition and Divestiture in Oil & Gas. April 26-27, Gerald W. Schlief, Senior Vice President

Challenging Times: Sustaining Your Business While Waiting for Financing. January 14, 2009

PRINCIPAL FINANCIAL GROUP, INC. (Exact name of registrant as specified in its charter)

HOTELS, TOURISM & LEISURE. Hotels, Tourism & Leisure

BEST PRACTICES IN INVESTOR RELATIONS AMONG AWARD-WINNING COMPANIES Interviews With CEOs, CFOs, Investor Relations Officers and Investors

QUARTERLY ACTIVITY REPORT

Dollar Tree for Sale N. Monroe St. Tallahassee, FL

An Australian Company with Growing Onshore Oil Production in Indonesia

Noble Energy Second Quarter 2018 Earnings Call Prepared Remarks. Brad Whitmarsh, VP Investor Relations: Thank you all for joining us today.

Advisory Statements TSX.V: SOIL I FRA: SMK 2

Master limited partnerships

MR. SCOTT A. BARNES, CPA, CFF, CGMA

Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector: Natural Resources. Cluff Natural Resources Plc ('CLNR' or 'the Company')

UNIVEST CORPORATION OF PENNSYLVANIA (Exact name of registrant as specified in its charter)

Confirms 2013 Financial Guidance

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K

Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector: Natural Resources

KOHLBERG CAPITAL CORPORATION. May 2007

January September Summary

Faroe Petroleum plc ( Faroe, the Company ) Asset swap transaction Maria discovery swapped for Norwegian production assets

4 th Quarter Earnings Conference Call

Accenture plc (Exact name of registrant as specified in its charter)

Corporate Presentation January 2012 THE TERMO COMPANY, LONG BEACH, CALIFORNIA

Corporate Presentation

Q Q Q Q Q % % 46.8% 61.0% 35.6% 57.5% 52.1% 60.5% 44.6% 63.3% 15,267 15,081 15,260 15,265 16,299

For personal use only

Shell s Journey to Mobility

Course Name: Financial Executives Roundtable

Investor Presentation. November 2016 OTCQB: TRXO

Media Release October 5 th, 2010

September 2017 PGM:TSX-V

MINUTES OF THE FINANCE COMMITTEE University of Kentucky Board of Trustees June 16, :00 PM Patterson Office Tower

Next Games Corporation BUSINESS REVIEW. January March 2017

Overview - Optimism Returns To The Oil Patch

Small Business Investment Companies

BP plans for significant growth in deepwater Gulf of Mexico

Acquisition of GEODynamics. December 13, 2017

1Q 2016 Results. Mermaid Maritime Plc. May 23, 2016

MLPs: A Light at the End of the Pipeline

Textron Reports First Quarter 2016 Income from Continuing Operations of $0.55 per Share, up 19.6%; Reaffirms 2016 Financial Outlook

Represented a Russian State oil company on its acquisition of an interest in Russian upstream acreage and the related joint venture.

Dollar Tree for Sale N. Monroe St. Tallahassee, FL. Representative Photo

Shell Project Delivery Best Practices Dick L. Wynberg, GM NOV Projects Integrated Gas Shell Global Solutions International B.V

Transcription:

GLOBAL LINK TECHNOLOGIES, INC. Executive Business Summary 2000 Global Link Technologies, Inc. 13110 Kuykendahl Rd. Suite 2013 Houston, Texas 77090 Phone: 281-874-0088 - Fax: 281-874-0125

Table of Contents Part {1} Corporate Profile... Page 3 1(a) The Company... Page 3 1(b) Business of the Company... Page 3 1(c) Objectives of the Company... Page 3 1(d) Management... Page 4 Part {2} Disclosure Statement... Page 5 Part {3} Risks Factors... Page 6 3(a) Business Risks... Page 6 3(b) Securities Risks... Page 6 Part {4} Division Summary... Page 7 4(a) Petroleum... Page 7 East Cushing Field... Page 7 High Island Petroleum Acquisition... Page 8 Reserves... Page 8 Production Pipeline... Page 9 Area Map... Page 10 4(b) Mining... Page 11 Titanium... Page 11 4(c) Capital Services... Page 11 GLTK-Business Summary Page 2 June 2000

PART 1 CORPORATE PROFILE (a) The Company Global Link Technologies, Inc., (GLTK) the Company, was originally organized in March 1973. In June 1995, while known as Maxxim International Corporation, it underwent an internal reorganization, during which the Company name was changed to Global Link Technologies, Inc. On November 30, 1995, the Company was reorganized in the State of Wyoming. The purpose of the reorganization was to provide optimum tax structure to the Company as well as provide an operative platform that legally protects the Directors and Shareholders of GLTK. The Company currently has approximately 53,000,000 shares of Common Stock issued and outstanding. Approximately 15,000,000 of these shares are free trading with the balance being restricted under Rule 144. Approximately 8,500,000 shares are trading in the free float trading market. (b) Business of the Company The Company was reorganized on January 20 th 1999 pursuant to an Agreement and Plan of Reorganization, which has resulted in the following: 1. New management experienced in natural resources development, with the capability of negotiating productive acquisitions. 2. Acquisition by the Company of TranStar International, Inc., in January 1999. This acquisition included TranStar s oil and gas properties in Oklahoma, consisting of a considerable quantity of proven and recoverable petroleum reserves. 3. The Company Headquarters are in Houston, Texas. International corporate projects are also managed from the Houston office. 4. The establishment of a new base of sophisticated investors. (c) Objectives of the Company: The Company plans to devote the first and second quarters of 2000 for finalizing and funding existing acquisitions. It is anticipated that during the third quarter, only very specific candidates who exhibit sales history that offers uniqueness to the markets it serves and shows strong sales growth potential with the infusion of requested capital would be considered for new business acquisitions. The primary thrust of acquisitions will involve proven properties in the natural resources industry, although other areas of new technologies are of consideration for GLTK business opportunities. GLTK-Business Summary Page 3 June 2000

(d) Management: Management consists of persons who are experienced in either international finance, or entrepreneurship and development of natural resources that afford the opportunity for strong return on invested capital. Particular emphasis will be in the fields of oil and gas production, mining activities, co-generation power, and new technology for natural resources development. DENNIS M. LEE ~ CEO / President / Director Mr. Lee holds a B.S. Degree in Accounting and Business Management with minors in geology, mathematics and science and attended the University of Tulsa for his MBA studies. Initially employed by Cities Service Oil Company both domestically and later internationally Mr. Lee realized the vast opportunities of natural resources abroad. Later, his employment with Grace Petroleum Company provided extensive merger/acquisition experience. Mr. Lee has utilized his oil field superintendent experience, international experience, and administration experience to form a well-rounded knowledge of the natural resource industry. Additionally, Mr. Lee has owned drilling and exploration companies. Mr. Lee is a veteran serving in the US Army from 1966 to 1968. RONALD (RJ) ABERCROMBIE CFO / Vice President / Secretary / Director Mr. Abercrombie is a professional management executive who has a wide background of business experience. Mr. Abercrombie has degrees in Business Management, Marketing/Finance and studies in Petroleum Engineering and Geology. He has held key management positions with Natural Resources Group, a subsidiary division of W.R. Grace Companies. He has also owned and managed his own drilling and well servicing company, and oil & gas production company in Oklahoma. Mr. Abercrombie has obtained professional licenses in real estate and securities investments, and has managed various corporate investment portfolios for numerous years. He has been employed by and consulted for numerous international investment management companies, and also has been a registered securities representative for several investment banking and brokerage firms in the United States. Prior to joining the Global Link management team as CFO and Executive Vice President in January of 1999, Mr. Abercrombie recently served as Chief Financial Officer and a managing partner in Access Holdings Group, an internet/intranet development company in Atlanta, Georgia. His responsibilities at Global Link Technologies include various aspects of personnel administration, budgeting and all other financial related matters for the company, coordination of all special projects, mergers and acquisitions and corporate subsidiary spin-offs into independent public companies. He also serves as President of Korbel Resources, a wholly owned petroleum division of Global Link. FERNANDO INFANTE Director and Consultant Mr. Infante holds a Civil Engineering Degree from LaSalle University and Hydroelectric Engineering Degree from Xavier University. He has vast experience in the direction and management of energy projects including planning, development, civil works, housing and commercial buildings and numerous other construction projects. He has also served as an advisor for numerous international mining and natural resource companies on projects in Colombia. GLTK-Business Summary Page 4 June 2000

PART 2 DISCLOSURE STATEMENT 1. OTCBB Exchange 2. Stock Symbol GLTK (CUSIP 37935F 20 7) 3. Federal Tax ID No. 33-0666570 4. Primary STD Industrial Classification Code No. 6719 5. Company organized as a corporation in the State of Wyoming October 19, 1995 6. Board of Directors: Dennis M. Lee Ron (R. J.) Abercrombie Fernando Infante 7. Corporate Officers: Dennis M. Lee - President CEO R. J. Abercrombie - Secretary/Treasurer CFO 8. Shareholders: Approximately 300 9. Common Stock Configuration: The Company has one class of common stock, which has full voting rights and is authorized 120,000,000 shares. There are approximately 15,000,000 free trading shares in the open market, and approximately 38,000,000 restricted rule 144 shares issued. 10. Financial Auditors: The Company has retained the CPA firm of Sobel & Co., LLC, located in Livingston, New Jersey. 11. Corporate Offices: 13110 Kuykendahl Rd. - Suite 2013 Houston, Texas 77090 Telephone: 281-874-0088 Fax: 281-874-0125 Web Page: www.gltk.com GLTK-Business Summary Page 5 June 2000

PART 3 RISKS FACTORS (a) Business Risks: 1. Company Operations. The management and directors have formed Korbel Resources Corporation, as a wholly owned subsidiary of GLTK. Korbel will be the entity in which all petroleum properties will be held and managed for GLTK. Management has also contracted Harden Operating Company of Tulsa, Oklahoma to operate the Creek County oil and gas properties in the petroleum division. Harden has reported that these specific wells were shut in for the first three-quarters of 1999 due to low crude oil prices. Operations to restore the oil fields to full capability production levels commenced in late 1999. Guardian Energy Consultants of Tulsa, Oklahoma have been retained, and is currently engineering new production techniques to be applied to the respective fields. In the first quarter 2000, domestic oil and gas prices have increased considerably and should benefit the overall company revenues derived from these properties. 2. Financial Resources. As a result of the methodology of the Company s business, GLTK must rely partly upon the financial transactions and gains of subsidiary divisions in order to generate income. New acquisitions are continually being considered for feasibility and revenue potential. 3. Full Time Employees. The Company engages full time employees domestically and internationally, which will increase as new acquisitions are funded and brought on line. Each of the corporate officers and directors devote their full time to the Company s business. Employment agreements have been executed with Mr. Lee and Mr. Abercrombie. The company s additional consultants have other clients and only devote such time to the Company as necessary for its business affairs. (b) Securities Risks: 1. Proceeds. The Company has access to cash flow produced from several divisions. However, the Company will be required to utilize its acquisition program to develop additional capital for expansion. It is anticipated that the natural resources division will generate a substantial cash flow for the company within this year 2000. 2. Earnings or Dividends. The Company does intend to pay cash dividends when profitable commercial operations have been sustained within their divisions and/or profits associated with acquisitions realized. At present, the Company intends to use earnings, as and when available, to finance the additional growth of the Company through its acquisition program and implementing operations of its various division projects. GLTK-Business Summary Page 6 June 2000

PART 4 DIVISION SUMMARY GLOBAL LINK TECHNOLOGIES, INC. (GLTK) is a publicly traded (OTCBB Exchange) company actively involved in natural resources and cogeneration projects. The Headquarters and the Natural Resources Division (Petroleum and Mining) will remain located in Houston, Texas. A field office located in Tulsa, Oklahoma will manage the field operation of the Oklahoma petroleum properties. The GLTK representative office in Bogota, Colombia will manage the mining of titanium and potential coal reserves. (a) PETROLEUM DIVISION: (1) EAST CUSHING FIELD: The East Cushing field was acquired from Transtar International, Inc. in January of 1999. The petroleum reserves as calculated by the geological engineering firm of Derby and Associates indicate proven producing oil reserves of six hundred and ninety four thousand barrels. The field has produced two hundred and forty thousand barrels of primary production from the Red Fork formation. Engineers are currently developing a secondary recovery strategy for the formation. Other producing horizons are the Skinner, Bartlesville, Cleveland, and Squirrel sands. Exploration and Development Drilling GLTK has significantly added to these reserves with the completed negotiations for acquisition of the Frontier leases located within the same East Cushing field and which is contiguous to our existing properties. Independent professional engineers are currently evaluating the proven reserves for the Frontier field, and the report is expected to be released during the third quarter of 2000. The Frontier leases produce from the Red Fork, Skinner, and Bartlesville formations. GLTK has current contracts to sell oil and gas with NCRA, and Duke Energy respectfully. A joint venture agreement has been completed with an independent investment group to provide the necessary amount of capital investment required for restoring the production status of approximately 20 oil and gas wells in the Creek County fields. This reworking activity is currently in progress and should be completed by the end of the second quarter (Q2) 2000. The company expects to generate a positive monthly cash flow from the project. The company is currently negotiating for other joint venture arrangements with several independent oil and gas companies to acquire additional properties located in Texas, Oklahoma and Kentucky. The future market prices in year 2000 for oil and gas are very favorable for expanding our petroleum division. During this profitable period, the management will be evaluating various oil and gas income producing properties for potential corporate acquisition. GLTK-Business Summary Page 7 June 2000

(2) HIGH ISLAND PETROLEUM ACQUISITION: Global Link Technologies, Inc., through its wholly owned subsidiary, Korbel Resources Corporation, has recently acquired an offshore oil and gas property known as, State Tract 77S. This property consists of 640 acres, or one square mile, and is located five miles from High Island and approximately thirty miles Northeast of Galveston, Texas. The property has two production platforms, which services two wells. The two wells are known as the McMoran No. 1 and 2. The number 1 well has two producing formations, both natural gas and is dual completed (producing from two different production horizons). The number 2 well is an oil well producing from a third formation. Both wells are connected to a shore facility, which separates the oil, and gas. This acreage is located in the East McFadden Field, which has produced prolific quantities of hydrocarbons over the past years. The McMoran No. 1 has been tested and produced at a rate of 1.2 million cubic feet of natural gas per day. The McMoran No. 1 also provides another service, which provides gas pressure to the McMoran No. 2 well, which activated the gas lift pumps for the lifting of oil. The McMoran No. 2 well has been tested at a rate of 80 barrels of oil per day. A. THE RESERVES In 1985 Ryder Scott, (a national known engineering company), prepared a reservoir study of the property. Ryder Scott indicated over eight million dollars of recoverable reserves. This includes proven and probable reserves calculated on an SEC basis. GLTK s management has discovered the reserve study also included a discount for Windfall Profits Taxes 1, which would discount the reserves as much as fifty percent. Ryder Scott has been retained to update the reservoir study and it should be completed in the near future. The property has three additional locations for future offset drilling and field expansion. These sites indicate prolific oil and gas reserves. Offset drilling locations are prized in the petroleum industry due to lower risk factors. Korbel will announce during the fourth quarter 2000 a drilling program for the property. The addition of the three new wells would increase estimated reserves to nearly $25 million. The cost for drilling the three new wells would be approximately $2.5 million. With the value of oil and gas increasing, the need for domestic oil and gas production will certainly increase. 1 The Windfall Profits Tax has since been repealed. GLTK-Business Summary Page 8 June 2000

B. PRODUCTION PIPELINE There is an existing 11,400 six inch pipeline connecting the McMoran No. 1 platform with the shore facility. This pipeline was constructed at a price of $1.8 million dollars. The pipeline has been abandoned in-place and can be acquired. Korbel personnel are in the process of contacting the pertinent agencies and individuals about utilizing the pipeline. Korbel will conduct the proper hydrostatic tests on the pipeline and envisions no problem with the transportation of hydrocarbons to our shore facility. As a part of risk management, Global Link Technologies, Inc., will form a wholly owned subsidiary for pipeline operations. The new company will be located in Houston, Texas and all company owned pipelines would be transferred into the Pipeline Company. Korbel will enter into an agreement for the efficient transmission of gas and oil to the shore facility with the new pipeline organization. Korbel will also enter into a natural gas contract with one of several major companies, in the area, to sell its natural gas directly from our shore separation facility. A major pipeline company will purchase all natural gas delivered to their mainline. Oil can also be sold directly from our shore facility into a major crude pipeline. GLTK-Business Summary Page 9 June 2000

AREA MAP LEGEND PLATFORM WELL (EXISTING) WELL (ABANDONED) PIPELINE (EXISTING) ONSHORE FACILITY GULF COASTLINE 61 62 63 N 20" SEAGULL (T) 12" PENNZOIL (T) 2" & 4" OXY (ABAN) 65 66 67 6" MCMORAN P/L MCMORAN#2 MCMORAN#1 16" UNITED TEXAS P/L 8" ARCO P/L 78 77 76 200 R.O.W. 86 87 88 6" SCURLOCK (PROP) STATE TRACT 77S PROPOSED RECONNECT & REFURBISHMENT PROJECT EAST MCFADDEN FIELD McMORAN 1 & 2 93 REFERENCE U. S. DEPARTMENT OF ENERGY MAP KORBEL RESOURCES CORPORATION., HOUSTON, TX. C/L EASEMENT (48 BRINE P/L) 92 93 GLTK-Business Summary Page 10 June 2000

(b) MINING DIVISION: TITANIUM GLTK has signed a definitive agreement to acquire eighty percent (80%) of Colombian Mineral Sands Ltd. (Exploration License No. 21765), which has a concession from the Ministry of Mines and Energy. The deposit is located at Puerto Valero near Barranquillia in Magdalena State, Colombia S.A. and consists of one thousand and fifty (1050) acres. Proven titanium reserves exceed 36,000,000 metric tons. Preliminary estimates indicate that there is approximately 2,138,400 tons of high grade Ilmenite (5.94%) valued at $100/ton, equating to $213,840,000. The high grade Rutile (0.73%) is estimated to be approximately 262,800 tons valued at $400/ton, equating to $105,120,000. The conservative estimate of a discounted net profit of these concentrated ores should realize a total future net worth in excess of $318,960,000 USD. GLTK has retained the engineering firm of Tomas Shuk to evaluate and certify the titanium reserves and future net worth of the property. The final certified results should be made public during the second quarter of 2000. After extensive geological examination, Colombian Mineral Sands Ltd. has officially requested an expansion to the concession of approximately five thousand acres. Initial indications from the Ministry of Mines and Energy are highly favorable that this expansion of property will be granted. (c) CAPITAL SERVICES AND INVESTMENTS The Capital Services Division has been formed to facilitate the financial needs of GLTK, and will be located in New York. Additionally, the Capital Division will develop the marketing, insurance, banking, and stock portfolios owned and controlled by the company. E-COMMERCE * VIRTUAL MORTGAGE LENDER GLTK has formed a strategic business alliance with VLDC Technologies (OTC: PCLO), an e-commerce financial services company based in Severna Park, Maryland, in which they have exchanged company stock with each other to benefit from each company's growth potential. GLTK owns 180,000 shares of common stock in VLDC. VLDC operates as an online mortgage lender and is exploring technology-driven strategic diversification opportunities within the consumer credit, online banking, insurance, and investments sectors. GLTK-Business Summary Page 11 June 2000