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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Nikron Technologies Inc (CE) | USOTC:NKRN | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
TOPEKA, Kan., Dec. 6, 2011 /PRNewswire/ -- The management of Nikron Technologies, Inc. (OTC Pink: NKRN) continues to pursue its goal of becoming part of the solution to the ever increasing demand for energy, focusing on the demand requirements of the United States first and then expanding to other countries around the globe.
In the United States, both citizens and leaders, including the President, recognize that our nation must become more dependent on domestic oil production, and less on foreign oil. One strategy that is growing in prominence and application with respect to petroleum is Enhanced Oil Recovery (EOR). EOR refers to the recovery of oil that is left behind after primary and secondary recovery methods are either exhausted or no longer economical.
Nikron Technologies has turned its corporate focus for the specific purpose of conducting EOR operations in the oil industry. The world wide potential for this is in the trillions of dollars and Nikron is looking to carve out just a small portion of this potential which in itself will be worth billions and billions of dollars. This will have the effect of creating enormous shareholder value and enterprise value over the short and long term.
The Company is focused on enhanced oil recovery technology to extract additional oil from mature fields, first tackling U.S. fields. The Company employs a unique business model which will exploit a well's proven reservoirs - assets with marginal or no production that still contain significant reserves that can be produced through use of Nikron's enhanced oil recovery technology.
Nikron is building the company on the idea that a multitude of oil fields have already been drilled that still possess vast potential for future extraction.
EOR has the potential to enhance the energy landscape that is an integral part of the foundation of the world's economy and peoples' everyday lives.
"It is a given that a technology which could effectively create EOR production would stand to profit in an unparalleled way. Nikron is at the threshold of just such an opportunity. The advanced methodology employed by Nikron will set the standard in heavy oil recovery. This presents an opportunity which is unique and timely, with unlimited growth possibilities," stated Max Gaither, Secretary of Nikron.
ABOUT NIKRON TECHNOLOGIES:
Nikron Technologies, Inc. (OTC Pink: NKRN) is a natural resource company with the specific purpose of conducting enhanced oil recovery operations. The Company has developed breakthrough proprietary enhanced oil recovery technology and has an aggressive development vision focused on utilization of this scientific machinery (vehicle) to extract additional oil from proven, mature oil fields, thus negating the high and risky costs associated with drilling and exploration. The innovative Nikron technology offers a different and exciting approach to oil development which has the potential to be "game changing" and propel the Company to the forefront of the industry. For more information please visit Nikron's website at www.nikrontech.com.
FORWARD-LOOKING DISCLAIMER
This summary contains forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning the Company's business plans. Such statements are based on management's current expectation and are subject to a number of factors and uncertainties, such as future economic conditions and changes in anticipated revenues and costs, which may cause actual results to differ materially. The Company expressively disclaims any future obligation or undertaking to update or revise any forward-looking statements contained herein. Investors and potential investors should independently investigate and fully understand all risks before making investment decisions.
For more information contact us at:
Nikron Technologies, Inc.
3101 Southwest Shadow Lane
Topeka, KS 66604
Phone (785) 357-1055
Fax (785) 357-1105
info@nikrontech.com
SOURCE Nikron Technologies, Inc.
Copyright 2011 PR Newswire
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