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Enerlabs and BlueHawk Energy to Merge, Focus on Gas-to-Liquids Exports to Asian Markets
Enerlabs and BlueHawk Energy to Merge, Focus on Gas-to-Liquids Exports to Asian Markets.
About this update from Energy & Environmental Services Inc.
[{"type":"text","content":"\n\n\n\nEnerlabs and BlueHawk Energy to Merge, Focus on Gas-to-Liquids Exports to Asian Markets\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nEnerlabs and BlueHawk Energy to Merge, Focus on Gas-to-Liquids Exports to Asian Markets\nPR Newswire\nOKLAHOMA CITY, Oct. 19, 2015\n\n\n\nOKLAHOMA CITY, Oct. 19, 2015 /PRNewswire/ -- Enerlabs, Inc. (OTC pink: ENLB) and BlueHawk Energy, Inc., a natural gas product exports project developer, have signed a Letter of Intent to merge. \n\nSubject to the execution of a definitive merger agreement within the coming weeks, the merged company will be known as BlueHawk Energy, Inc. Going forward, the newly merged corporation will operate under BlueHawk Energy, Inc.'s senior management, with oil and gas executive David Scull as its chief executive officer.\n\n\"We are extremely enthusiastic about the prospect of merging with Enerlabs, Inc. and the opportunity to take the Company in a significantly new, high growth direction,\" said Mr. Scull. \"The energy world is changing and we want to get out in front of those changes with our strategically focused vision and valuable export project.\"  \n\nBlueHawk Energy, Inc. (\"BHE\") is developing a natural gas product with intent to export to Asia.  This project presents an important business opportunity, one that connects Asia's significant natural gas demands with the United States' abundant, lower cost natural gas supplies. \n\nThe timing for BHE's project is ideal, given the current downturn in oil and natural gas prices. Given the drop in prices, there are several U.S. energy companies under severe financial stress with significant debt. BHE's project offers U.S. natural gas producers and prospective major Asian partners, investors, and buyers an excellent, long-term solution. There is every expectation that U.S. energy companies which become associated with BHE, the project and its broader vision and activity scope stand to have a very positive impact on their operations, creating further opportunities for BHE. \n\n\"The prospective merger with BlueHawk Energy, Inc. is a v...