GRNO's Wholly Owned Subsidiary, Custom Carbon Processing Inc., Provides Update on Injection Well Improvements and Montana Operat
September 28 2010 - 7:30AM
Marketwired
Green Oasis Environmental, Inc. (PINKSHEETS:
GRNO), a Florida corporation, is pleased to announce its wholly
owned subsidiary, Custom Carbon Processing Inc. (CCP), has made
substantial improvements to its Michels Salt Water Injection well,
located near Wibaux, Montana.
This injection well site has recently been upgraded and is
currently accepting daily volumes of up to half of maximum
capacity. Three additional tanks have been acquired and will soon
be structured in to increase injection capacity. This well has the
ability to inject up to 2,000bbls per day but without ample tank
storage, trucks are not able to unload in a timely fashion. The
recent addition of the three tanks will allow CCP the ability to
achieve maximum injection capacity in the near future. Currently,
injection rates run customers between $0.90 - $2.00 per barrel.
Further upgrades include a complete overhaul of the injection
pump, maintenance on the pump house, and the installation of a new
metering system. Mark Hurst, Montana's project manager for CCP,
stated, "Having a commercial injection well in an area that is
surrounded by unprecedented drilling activity in both the Dakotas
and Montana is a matter of good fortune and timing. The site has a
great history of reliability and performance which is why we
pursued it. This will bring a steady revenue stream with minimal
operating costs, allowing CCP to further expand its services to
customers in this area."
With any barrels being injected comes a small percentage of oil,
usually around 1%. Based on injection volumes hitting 75% of
capacity over a one year period, this site alone could render an
additional 5,475 barrels of saleable oil which would bring CCP and
additional $300,000 plus in revenue.
In further news regarding Montana operations, CCP has already
produced over 2,800 barrels of saleable oil. Three days remain
before the completion of the second full month. Management projects
an additional 500 barrels in the next three days which will bring
September numbers to approximately 10 percent over last month's
figures.
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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