Guar Global Delivers First Field Activity Report
September 17 2013 - 8:00AM
Marketwired
Guar Global Ltd. (OTCQB: GGBL) ("Guar Global" or the "Company"), a
company aiming to implement innovative technologies and methods to
increase crop yields of guar, an organic gelling agent used
extensively in hydraulic fracturing by the oil and gas sector, is
pleased to provide the following update of farm activities in
Rajasthan, India.
In early 2013, the Company employed satellite technology in
order to select an ideal locale to lease an initial 50 hectares
(approximately 125 acres) of land for an initial working research
plantation. Overhead imagery provided Guar Global with data that
identified and confirmed the Ganganagar and Hanumangarh areas in
Rajasthan state as one of the major guar growing areas in the
world.
The soil conditions allows for the aeration necessary for proper
root development -- a key factor for sustainability. The area is
also home to a canal irrigation facility that is available
year-round, which results in significantly less dependency on
climatic conditions. Knowledgeable workers, processing facilities
and a reliable road connection to the transportation network for
shipping the product are readily available locally, and all these
factors contributed to the land selection.
Currently, the entire farm is under guar cultivation. Sowing of
the crop was started from the first of July, and was completed in
August. The crop is healthy across the entire planting. A limited
amount of disease and pest activity was visible during the rainy
period in late August, but was immediately brought under control,
and subsequent applications of micro nutrients have dramatically
improved crop production.
Reliable, highly experienced local farmers have been appointed
as on-site care-takers and the Company's farm manager visits the
properties daily and transmits updated field reports to our
regional offices each day.
Activities to-date provides Guar Global with important
cultivation planning and prioritization data, as well as real-time
assessment of various land use practices. The activities and
technologies employed will greatly increase the company's
efficiencies, aimed at saving time and money through the
elimination of guesswork as the company moves ahead with its plans
for expansion.
Mr. Ganesh Prajapat, Guar Global's General Manager, Farm
Development and Research (India) comments, "We are pleased to
report that our planting has been very successful as we have sown a
number of promising seed variants including X-6, HG-2-20, HG - 365,
Bharti, and RGC - 936, all with excellent early results. At this
point we are ahead of schedule for our 2013 plans, and with the
knowledge gained from these test plots, we believe Guar Global is
well underway in developing a superior farm management program for
this increasingly valuable commodity."
Additional details regarding Guar Global, Ltd., its business,
agreements and related matters are filed as part of the Company's
continuous public disclosure as a reporting issuer under the
Securities Exchange Act of 1934 filed with the Securities and
Exchange Commission ("SEC"), and are available at the SEC's website
at www.sec.gov. For more information, visit our website at
www.guarglobal.com.
About Guar Global, Ltd. (OTCQB: GGBL) Guar
Global is a research-driven development stage company aiming to
implement new, modern strategies to increase yields of guar crops
as a high quality product for the oil and gas sector. In the last
two years, guar gum demand has tripled worldwide mainly because of
its use in hydraulic fracturing activity, especially in the U.S.
With no viable alternative to guar gum on the horizon, and demand
remaining high, we consider the present guar industry ripe for
significant growth. Guar Global believes it has identified a
noteworthy opportunity to introduce new agricultural technologies
aimed at increasing local farm productivity as an economic driver
for the guar production sector. Find out more at
www.guarglobal.com.
Cautionary Language Concerning Forward-Looking
Statements: Information set forth in this press release
contains forward-looking statements that are subject to risks and
uncertainties, and actual results might differ materially. A
discussion of factors that may affect future results is contained
in Guar Global's filings with the Securities and Exchange
Commission available at www.sec.gov. Guar Global, Ltd. disclaims
any obligation to update and revise statements contained in this
news release based on new information or otherwise.
On Behalf of the Board,
Michael C. Shores Guar Global Ltd.
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Contact: GGBL Investor Relations Tel: 212-671-1020 x304
investors@guarglobal.com Website: www.guarglobal.com
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