| GeoBio Energy, Inc. (OTC: GBOE) said it has signed a letter of intent to acquire a Colorado-based civil construction company that specializes in natural gas and oil field site preparation and maintenance. GeoBio said the company constructs, among other things, sites and platforms for drilling and reclaiming locations, access roads to and from wells, and reserve pits and production facility pads. It has served several major international oil and gas companies. The to-be-acquired company’s projects are primarily focused in the natural gas rich Piceance Creek Basin. Seattle-based GeoBio's business model emphasizes the acquisition and operation of existing companies in the oil and gas services and energy industry.
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