Greyson International Inc. (OTC Pink: GYSN) is a developer of an innovative, patented topical delivery technology targeting the multi-billion dollar cosmetics and OTC pharmaceutical industries that interestingly owns a 3% passive investment stake in Blake Oil and Gas Limited. The privately owned, Guernsey registered oil and gas company has properties located in the country of Georgia, which Platts’ John Roberts suggests could hold significant potential for investors.
The blog post, entitled Georgia’s Oil Prospects: Déjà Vu All Over Again outlines the decades old story of Georgian oil exploration under a company named CanAgro Energy Corporation. After running out of capital at the wrong time, the company was forced to declare bankruptcy and its assets were purchased by Blake Oil and Gas Limited in January of 2010. Since then, Blake has managed to strike a joint venture agreement with MND Group to spend $100 million in capex to fund development in the areas that CanAgro saw tremendous promise.
With $100 million in committed private capital in the project, Greyson International’s stake in Blake Oil and Gas Limited may be one of the only ways for investors to gain exposure to this potential. Investors interested in the oil and gas industry, particularly in international markets like Georgia, may therefore want to consider Greyson International (OTC Pink: GYSN) as a unique play alongside other oil and gas holdings, like Exxon Mobil Corporation (NYSE: XOM) or Hess Corporation (NYSE: HES).
According to the blog post:
“With cash now in place, once again hopes are high that this time a breakthrough will be achieved, that a Georgia that seems to have such promising geological conditions can finally escape from a downward spiral that has seen oil production plummet from more than 70,000 b/d in Soviet times to barely 1,000 b/d today.
“To Nibladze, the prospectivity is obvious: ‘In every well you drill in Georgia there are hydrocarbons,’ he says. The old CanArgo, he notes spent around $200m in Georgia over 12 years of active operations. ‘In three years, we’re spending $100 million. It should make a difference.’”
Read the complete blog post at:
About Blake Oil and Gas Limited
Blake is an independent, privately owned, oil and gas exploration, development, and production company with onshore oil and gas assets in Georgia.
Blake’s assets comprise a 100 per cent operated interest in three Production Sharing Contracts (PSCs) including existing production from the Ninotsminda Field, which also has undeveloped reserves, plus very large appraisal / development potential in the Manavi and Norio oil discoveries and upside in several large undrilled exploration leads.
About Greyson International Inc.
Greyson’s primary focus is on its recently patented Trilexon® delivery system that’s taking the multi-billion dollar cosmetics and OTC pharmaceuticals industries by storm. Based on this technology, the company’s patented Trilexon® foundation creates a fine surface that is insoluble in water, keeping it in place even after sweating or contact with water. Ingredients are released continuously over an extended period of time, ensuring that the skin receives treatment at a constant steady pace to give it a healthy and youthful look. In addition to cosmetic applications, Trilexon® may also have benefits in the medical field where it is important to deliver active ingredients. Trilexon® is a registered trademark of Greyson International. The company also holds an investment in Blake Oil and Gas Limited (“Blake”), a privately owned, Guernsey registered, Oil and Gas Company.
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