Company Description (as filed with the SEC)
We were originally incorporated in September 2000 as Rocker & Spike
Entertainment, Inc. In January 2001 we changed our name to Reconstruction Data
Group, Inc., and in April 2003 we changed our name to Verdisys, Inc. and were
engaged in the business of providing satellite services to agribusiness. In June
2005, we changed our name to Blast Energy Services, Inc. (“Blast”) to reflect
our new focus on the energy services business.
During 2010, Blast's management chose to change the direction of the
Company to attempt to generate operating capital from investing in oil producing
properties. As a part of this shift in strategy, in September 2010, with an
effective date of October 1, 2010, we closed on the acquisition of oil and gas
interests in the North Sugar Valley Field located in Matagorda County, Texas,
and we decided to divest our satellite services business unit, which we sold in
December 2010. ... More ...