OKLAHOMA CITY, Nov. 4, 2015 /PRNewswire/ -- Enerlabs, Inc. (OTC pink: ENLB) and BlueHawk Energy, Inc. announce today the two companies have signed an agreement to merge BlueHawk Energy into Enerlabs.
The merged company will operate under the name BlueHawk Energy, Inc.("BlueHawk"), with oil and gas executive David Scull as its president and chief executive officer, and plans to be a natural gas-based product exporting company in one of the most promising segments of the U.S. energy market. Mr. Scull has extensive experience in the global energy industry, with many years spent in senior leadership positions based across Asia, including China, Indonesia, Singapore, Malaysia, Hong Kong and Taiwan.
"Together, BlueHawk Energy and Enerlabs intend to lead positive change in the energy industry, developing a high-potential export product for the dramatically growing Asian markets, including energy-hungry China," said Mr. Scull. "The merger with Enerlabs provides access to strategic and savvy business partners, significant funding sources and long-term domestic and international growth opportunities."
"We are very pleased with the decision to merge with BlueHawk Energy," said George Shaw, president of Enerlabs. "BlueHawk's management team has the extensive international sector experience and the right skill set to bring to market this innovative and game-changing opportunity."
BlueHawk is developing a project involving the production of methanol in the United States with intent to export to Asian markets, using U.S.-sourced natural gas as feedstock to produce methanol in high volume. This project presents an important business opportunity, connecting Asia's significant natural gas-based energy demands with the United States' abundant, lower cost natural gas supplies.
In addition, BlueHawk is currently involved in active discussions with revenue-generating entities in regards to possible acquisitions. The company expects to make additional announcements regarding these in the near future.
For more information about BlueHawk Energy, Inc., please visit: www.bluehawkenergyinc.com.
About BlueHawk Energy, Inc.
Based in Oklahoma City, Oklahoma, BlueHawk Energy, Inc. is currently developing a project involving the production of methanol in the United States for export to Asian markets. BlueHawk's project uses abundant, low cost, U.S. natural gas as feedstock to produce methanol in high volume.
BlueHawk Energy Inc.'s management team comprises high-level senior executives with decades of global experience across all facets of the oil and gas and petro-chemical sectors, with significant direct industry experience across Asia. BlueHawk's management team has many years of experience working in public companies, operating oil and natural gas projects and developing numerous international business ventures. www.bluehawkenergyinc.com.
Safe Harbor for Forward-Looking Statements
Certain statements contained in this press release are forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause Enerlabs' actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except as required by law, Enerlabs expressly disclaims any intent or obligation to update any forward-looking statements.
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SOURCE Enerlabs, Inc.