Saccharum Energy Corp. announced that it has negotiated and executed a technology licensing agreement with GreenNABR Research Ltd. Saccharum has, through a previously executed and announced farm-in agreement with Oil Reserve Corp., access to oil concessions located in the carbonate trend of Northern Alberta which contain significant oil resources that have not as yet been commercially producible. The management of Saccharum and GreenNABR believe production of this resource may benefit from the application of the GreenNABR technology and will undertake a test well to deterimine its applicability.