ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

UNRG United Energy Corporation (PK)

0.0455
0.0005 (1.11%)
27 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
United Energy Corporation (PK) USOTC:UNRG OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0005 1.11% 0.0455 0.041 0.0597 0.0455 0.0421 0.045 93,644 22:00:01

KX-91 Successful in Tank Remediation Project In Nigeria

19/08/2008 1:52pm

PR Newswire (US)


United Energy (PK) (USOTC:UNRG)
Historical Stock Chart


From Nov 2019 to Nov 2024

Click Here for more United Energy (PK) Charts.
SECAUCUS, N.J., Aug. 19 /PRNewswire-FirstCall/ -- To further substantiate the true potential of United Energy's KX-91, we are pleased to announce the successful remediation of Tank 19 at the Nigerian Agip Oil Company (NAOC) Brass facility in Nigeria. For a prolonged period of time Tank 19 has been mostly off line due to excessive sludge build-up. Faced with the time consuming and the environmental issues associated with other methods of sludge treatment, AGIP selected KX-91, which has been approved by the Nigerian Department of Petroleum (DPR), as a sludge remediation chemical. After a six day regiment of KX-91 administered by our partner in Nigeria -- (Facility Solutions Limited), the tank was certified to be free of sludge. In addition to protecting the environment, AGIP actually benefited by recovering 25,780 BBLS of oil trapped in the sludge that may certainly have been lost using any other method of treatment. The process more than paid for itself considering the value of crude oil in the world market today. With a repeated achievement by Facility Solutions Limited using KX-91 (as in similar project with NAOC in 2005) there is no longer any doubt about the efficacy of the chemical. DPR is also looking at the issue more closely with a view to recommending the chemical to other oil companies in the country with similar challenges in containing the menace of sludge. KX-91 provides oil industry operators with the combined benefit of recovering wasted sludge and avoiding unwholesome dumping practices which damage the environment. Facility Solutions Limited is hoping to extend its operations further by engaging other companies using the proven tested KX-91 chemical. Forward-looking Statements Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to, risks in the product and technology development, market acceptance of the new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, including changes in short-term interest rates and foreign currency fluctuations and other risk factors detailed in United Energy's most recent periodic reports, pursuant to the Securities and Exchange Act of 1934, and other filings with the Securities and Exchange Commission. United Energy Corporation Contact: Peter Rappaport (212) 542-8201 DATASOURCE: United Energy Corporation CONTACT: Peter Rappaport, +1-212-542-8201, , for United Energy Corporation Web Site: http://www.unrg.net/

Copyright

1 Year United Energy (PK) Chart

1 Year United Energy (PK) Chart

1 Month United Energy (PK) Chart

1 Month United Energy (PK) Chart

Your Recent History

Delayed Upgrade Clock