GeoBio Energy Inc. is a well positioned energy services company listed on the Over-The-Counter Stock Exchange (OTO) and trades under the symbol "GBOE". GeoBio seeks to become a dominant player in the oil and natural gas services field. Management believes the proposed acquisitions provide a solid platform for substantial growth. The company will also continue to explore additional opportunities through joint ventures and acquisitions.

SAN JUAN BASIN SHALE PLAY AREA OF NEW MEXICO

The Lewis shale formation is just one of several sources of gas in the San Juan basin. The San Juan basin is located in the Rocky Mountains in the states of New Mexico and Colorado and is the largest source of natural gas in that region. In the San Juan basin gas is produced from limestone formations, coal bed methane from coal seams, and from shales such as the Lewis formation.

The Lewis Shale play covers over 1,100 square miles and has been estimated by geologists to contain over 96 trillion cubic feet of natural gas. Wells completed only in the Lewis shale are not highly productive. They may produce in the range of 100 to 200 thousand cubic feet per day. For this reason the Lewis shale is often completed along with other formations when a well is drilled and the gas is comingled with that of other sources in the well.

Since the Fruitland coal has begun to fall of in production, oil and gas companies are looking more at the Lewis shale as a source of gas. Using horizontal drilling and other methods they are finding it an important part of their San Juan basin holdings. Burlington resources is one of the major players in the Lewis shale formation with over 1000 wells. Many of these are scheduled for recompletion which may include hydraulic fracturing and horizontal drilling. For more on shale gas reserves such as the Lewis Shale, see: What Are The New Shale Gas Discoveries About?

PICEANCE CREEK BASIN SHALE PLAY OF COLORADO

The Colorado portion of the Green River Basin Oil Formation is located in the Piceance Creek Basin between cities Grand Junction and Rifle.  These two cities run north of the Colorado River. Out of the Wyoming Oil Shale, Utah Oil Shale, and Colorado Oil Shale, the Colorado Oil Shale is expected to hold the greatest amount of Oil from Shale.  Specifically, the Piceance Creek Basin is the hot spot for oil shale in the Green River Formation. The Green River Basin Formation is estimated to hold 1.30 - 2.0 Trillion Barrels of Oil from Oil Shale deposits.  Estimates for recoverable Oil in the Green River Basin is around 750 Billion Barrels of Oil from Oil Shale.

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