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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 0.0421 0.0506 0.0455 0.0421 0.045 93,644 21:03:14

United Energy Corporation Expands Product Sales with Trinidad's National Oil Company

25/03/2008 1:03pm

PR Newswire (US)


United Energy (PK) (USOTC:UNRG)
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From Nov 2019 to Nov 2024

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SECAUCUS, N.J., March 25 /PRNewswire-FirstCall/ -- United Energy Corporation (OTC:UNRG) (BULLETIN BOARD: UNRG) (the "Company") announced today that Petrotrin-Trinmar Operations, the National Oil Company of Trinidad, following its initial success in treating oil wells with the Company's KX-100 product, has ordered from United Energy Petroleum Services Limited, the Company's distributor in Trinidad, an additional shipment of KX-100 to treat more of its wells. The KX-100 formula cleans wells of paraffin and asphaltene and substantially decreases oil sludge build-up, resulting in a substantial increase in production. Petrotrin-Trinmar experienced a 50% increase in production in the wells it initially treated with KX-100. KX-100 is a paraffin and asphalt dispersant that eliminates oil sludge in wells thus increasing overall oil production. At Petrotrin-Trinmar's request, United Energy Petroleum Services Limited is commencing field trials utilizing the Company's Scale Inhibitor and Scale Removers along with Corrosion Inhibitors. Approval of these products in Trinidad will open opportunities to the Company to solve other petroleum related problems within its existing client base. Ronald Wilen, CEO of the Company stated, "We are pleased that Petrotrin-Trinmar has validated the substantial increase in oil production through use of our KX-100 product. The environmentally safe products offered by United Energy will have a positive impact on the bottom line of the customers we service through increased production and capacity. Oil companies are looking for solutions to increase production in an environmentally safe way. That's good news for United Energy and it's good news for the consumer." 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 the Company'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: Robert Guinta (201) 842-0288 DATASOURCE: United Energy Corporation CONTACT: Robert Guinta, +1-201-842-0288, Web site: http://www.unitedenergycorp.net/

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