Hybrid Energy to Process 4.6 Billion Cubic Feet of Reserves
June 8, 2010
Hybrid Energy Holdings recently announced it would commence production from a recently acquired energy property. The “Coates” property contains 5 Billion Cubic Feet of known reserves.
Adding an extra million dollars to annual revenue, production was planned to commence from the 9,800 foot ‘pay-zone.’
The Company said it has 9 energy production properties, with 35 Billion Cubic Feet of verified reserves. Daily production is maintained from an estimated $30,000,000 in active reserves and they have an estimated $145,000,000 in available known reserves.
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