GRNO's Wholly Owned Subsidiary Custom Carbon Processing Inc. Reports Wyoming Facility Exceeds 1st Quarter Estimates With 10,000
April 25 2011 - 4:47PM
Marketwired
Green Oasis Environmental Inc. (PINKSHEETS:
GRNO), a Florida corporation, is pleased to announce its wholly
owned subsidiary Custom Carbon Processing Inc. (CCP) is having a
great start to 2011. Wyoming is our second slop oil facility which
has exceeded our 1st quarter estimates. CCP received over 10,000
barrels of slop oil. This oil will be sold at optimal price and
recovery. Currently, the market rate of crude oil continues to
rise, selling for $112 per barrel.
CCP's Wyoming facility is located south of Gillette. This
location remains on track to have record production rates for 2011.
Typically, business does not accelerate until May, as the annual
snow melt and road bans finally come off. Due to warmer weather,
drilling has now picked up in Wyoming as well as new drilling and
fracing techniques which allow oil companies to gain much better
production. CCP expects to see the majority of its feedstock to
come from these hot spots which are in the area of Gillette and
Douglas.
Peter Margiotta, President CEO of Green Oasis Environmental,
stated, "This year there is an estimated 10,000bbls of slop oil
already stored. Our equipment has been completely overhauled during
the winter months and we are expecting to resume operations without
any distractions. We remain on target to achieve our 2011 revenue
estimates of $5.8 million."
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. CCP also has a second facility in the
State of Montana which is a year round stationary facility. 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 has enjoyed recent
expansion by opening a second facility in Montana, 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 grno.ir@greenoasisenvironmental.com
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