GRNO's Wholly Owned Subsidiary Custom Carbon Processing Inc. to Enter Into Contract With Western Environmental Services Inc. and
August 10 2010 - 2:12PM
Marketwired
Green Oasis Environmental Inc. (PINKSHEETS:
GRNO), a Florida corporation, is pleased to announce its wholly
owned subsidiary Custom Carbon Processing Inc. (CCP) is currently
detailing the terms of a slop and emulsified oil processing
agreement with Western Environmental Services Inc. (WES). This
contract is in the area of Cheyenne, Wyoming where WES has its oil
field waste disposal facility.
This area of South Eastern Wyoming and Northern Colorado is
booming right now. There are currently 200 plus drilling permits
issued with new rigs moving in weekly. This growth creates an
additional strong revenue opportunity for CCP. WES and CCP
understand this opportunity and see a natural synergy between the
companies. WES can expand its operations to include accepting slop
and emulsified oil for disposal. CCP will now have an additional
location to travel to process slop and emulsified oil. This slop
oil will then be collected and procured by WES.
The Eastern Wyoming location has made national headlines for
their potential oil boom. Several companies such as Chesapeake
Energy, the most active driller in the nation have already had
successful horizontal pilot wells.
To read more on the oil boom in this region, please click on the
attached link:
http://trib.com/news/opinion/editorial/article_164bc245-0778-51f0-b3de-33d34d846c6e.html
"There is a lot going on in this area; companies are moving in
and there is a substantial need for services that CCP can provide.
I have been to this area and have seen for myself the activity, and
have realized the importance for us to be there. This is just
another step in our plan to expand our operations and increase our
presence and market share. With all of the different projects we
are working on, this is still the perfect time to expand our reach
and increase our revenue. I am excited for the potential this will
provide for CCP and the shareholders of Green Oasis," stated VP of
Research and Development -- Matt Campbell
Green Oasis -- "Green today for a stronger tomorrow"
About Green Oasis Environmental Inc.
Green Oasis Environmental, Inc. (GRNO) is dedicated to acquiring
and providing access to world class technologies available today
and has chosen to focus its efforts on seeking acquisitions of
technology and/or operations concerning the remediation of slop
oil, waste engine oil, and tank bottom oils. GRNO has every
intention of becoming the single best option for reclaiming oil to
pipeline specification from these waste products. Through the
Company's state of the art technology, GRNO will be able to process
these waste products at one of their facilities or at a customer's
site by way of implementing its portable processing technology.
About Custom Carbon Processing Inc.
Custom Carbon Processing Inc. (CCP) is a Wyoming based Company
formed in 2006 that has been operating in the Gillette, Wyoming
area since its inception. Through the technology that CCP has
developed, CCP is able to process slop oil unrefined, non saleable
oil) into pipeline standard crude. Its first facility has proven
its capabilities to process up to 1,500 barrels of slop oil with a
conversion ratio of approximately 50% to finished crude. Through
its ongoing contract, CCP sells the processed slop oil to Shell
Trading (US) Company (www.shell.us). Shell Trading (US) Company is
a corporation that acts as the single market interface for Royal
Dutch Shell companies and affiliates in the United States with
offices in Houston, TX (headquarters); Dallas, TX; Denver, CO;
Midland, TX; and San Antonio, TX; and has an affiliated Shell
Trading company in Calgary, Alberta. Shell Trading buys and sells
more than five million barrels per day of hydrocarbons, is one of
the largest physical traders of hydrocarbons in the United States
and one of the world's largest energy trading companies.
In addition to its Wyoming facility, CCP is currently planning
expansion of its processing technology into Montana and North
Dakota, home of the Bakken (www.bakkenblog.com) and Three Forks
plays, said to be two of the largest oil plays in North
America.
For more information on Green Oasis Environmental, Inc. or
Custom Carbon Processing Inc., please visit
www.greenoasisenvironmental.com or contact Investor Relations at
(877) 207-3370.
Safe Harbor
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby.
The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management, as well as assumptions made by any information
currently available to the Company or its management. When used in
this document, the words "anticipate," "estimate," "expect,"
"intend," "plans," "projects," and similar expressions, as they
relate to the Company or its management, are intended to identify
forward-looking statements. Such statements reflect the current
view of the Company regarding future events and are subject to
certain risks, uncertainties and assumptions, including the risks
and uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties.
Contact: Investor Relations Taylor Capitol, Inc. Stephen Taylor
(877) 207-3370 Email Contact
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