Geothermania by GA Drilling signed a funding agreement with Lead Ventures and a service agreement with MOL Group in order to deliver the first commercial application for oil & gas.
Igor Kocis, co-founder and CEO of GA Drilling: “GA Drilling now has the ability to commercialize its technology with a major oil company in an operational environment as an integrated services company. We can now optimize our PLASMABIT P&A process and prove the commercial effectiveness of the application for the global market."
Read more on the merger in the press release here.