Planet Resource Recovery (PK) (USOTC:PRRY)
Historical Stock Chart
From Jul 2019 to Jul 2024
Planet Resource Recovery, Inc. (Pink Sheets:PRRY) is pleased to announce
continued treatment orders for new wells in the Austin Chalk formation
as well as repeat orders for retreats of wells previously treated with
PetroLuxus™ after six months of results.
Planet Resource Recovery, Inc. commenced working in the Austin Chalk
formation in February 2008, with the goal to treat a series of wells to
stimulate oil production with its down hole treatment products -
PetroLuxus™ MMMF and Well Clean 100. After the
PetroLuxus™ treatments performed showed
improved well performance including increased oil production, reduction
of corrosion and scale, friction and drag reduction, Planet launched a
market awareness program by creating and airing two video commercials
and creating a direct-mail marketing campaign to Oil & Gas owners and
operators within the State of Texas.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer and
marketer of the PetroLuxus(TM) family of products, a proprietary
environmentally friendly chemical compound that dislodges oil in
practically all natural and man-made environments. The PetroLuxus(TM)
family of products are effective and efficient solutions for the
remediation and recovery of petroleum-based products. PetroLuxus(TM)
applications include Enhanced Oil Recovery, Oil Sands, oil spills, oil
tank farm cleaning, marine ship cleaning, remediation of oil sludge
pits, treatment of raw fuel feedstocks, waste oil segregation and
biodiesel, to name a few. Through the acquisition and formation of
wholly owned subsidiaries, Planet Resource Recovery, Inc. deploys the
PetroLuxus(TM) products. Oil Recovery Ventures, Inc. deploys
PetroLuxus(TM) through joint ventures in the Enhanced Oil Recovery
market.
For an audio/visual demonstration of PetroLuxus(TM), click on the link http://www.planetresource.net/index-21.html.
For more information visit: http://www.planetresource.net
or http://www.petroluxus.com.
Safe Harbor Statement
Certain statements in this release are "forward-looking" statements as
defined in the Private Securities Litigation Reform Act of 1995. Such
statements are subject to numerous risks and uncertainties. Actual
results may vary significantly from the results expressed or implied in
such statements. Factors that could cause actual results to materially
differ from forward-looking statements include, but are not limited to,
the Company's ability to meet the terms and conditions required to
obtain its project financing, risks and delays associated with product
development, risk of market acceptance of new products, risk of
technology or product obsolescence, competitive risks, reliance on
development partners and the need for additional capital.