Double Crown Resources Reports on Initial Shipment of High Grade Barite to 1st Customer Prior to Long Term Monthly Supply Con...
28 July 2014 - 1:00PM
Business Wire
Logistical Supply Channel Set-Up for Regular, Large Capacity
Shipments to Multiple Petroleum Industry Customers
Worldwide
July 28, 2014 -- Double Crown Resources, Inc. (OTCQB:DDCC), a
fully reporting company, (hereinafter, "Double Crown") would like
to provide an update on recent progress with the shipment of high
grade barite ore for the company's first signed purchase order.
This order was placed earlier in 2014 from a very well established
oilfield service company based in Texas. We are pleased to report
that final arrangements for this initial shipment of 200 metric
tons from Double Crown's high grade barite source in Mexico have
been completed and delivery directly to an active drilling site is
expected by August 15th. Once delivery is made, the ore will be
processed on site and put to immediate test drilling use within 48
hours. Double Crown management is very confident that our product
will pass all of the testing requirements as we have already
conducted our own stringent product quality evaluations. Upon
successful completion of the test drilling operation, it is
anticipated that our customer will move forward with the signing of
a planned, 5-year supply purchase contract for regular monthly
shipments of Double Crown's high grade barite product.
All of Double Crown's customers have expressed a strong desire
to purchase our products over other choices because of the superior
quality we are able to offer. Our barite sources in Mexico and
elsewhere meet or exceed the highest standards of the American
Petroleum Institute (API). A high grade barite product allows
oilfield drillers to obtain significantly more productive and
efficient results than lower grade materials offered by other
suppliers. The mineral barite is used primarily as a key weighting
agent in both on-shore and off-shore drilling operations. Double
Crown is now completing its logistical channel network to supply
industrial quantities of high grade barite ore anywhere in the
world. Going forward, we will provide fully processed products from
our strategically located New Orleans, Louisiana processing plant
& bulk terminal after this facility completes renovations and
upgrades which have already been fully master planned. This plant
will work in conjunction with Double Crown's multi-advantage,
patent-pending aggregate material transport system to deliver top
quality barite, fracturing sand, guar gum and related materials at
standards of cost affordability, shipment efficiency and
environmental safety well beyond current industry norms.
Regarding these latest developments, President Allen E. Lopez
commented, "Our team at Double Crown Resources has worked very hard
to overcome some unexpected logistical issues with the shipment of
this initial order for our high grade barite but those issues, and
the delays they caused, have finally been resolved to our
satisfaction. We are now ready to begin fulfilling our most
important company mission of oilfield commodity supply. We have
been told by our customers, which include some of the largest names
in the worldwide petroleum energy market, that superior quality
drilling materials mean a great deal to them. They are anxious to
do business with suppliers who can effectively provide such
materials in large capacity shipments on a regular basis to
wherever they are needed. This is the reason we have made such
extensive efforts to procure top quality products from around the
globe and to employ all of our domestic and international industry
connections to work out the many complicated logistical factors
involved in creating a reliable delivery system our customers can
depend upon. We are very much looking forward to the upcoming
delivery of our first commercial product shipment and to the
expected signing of its associated long term monthly supply
agreement with the customer. This contract, and numerous others now
in late stage development, will be announced with further details
upon signing."
About Double Crown Resources, Inc.
Double Crown Resources, Inc. is a natural resource exploration
and development company holding a 100% interest in the Bateman gold
& nickel prospect near Thunder Bay, Ontario, Canada. In
addition, Double Crown is targeting new properties as well as
oilfield supply & service projects that have the potential for
near-term positive cash flow. The company is presently reviewing a
number of new natural resource properties that are near to, or in
production, located in North, South and Latin America. Multiple
oilfield service projects are currently under active development.
Double Crown Resources, Inc., originally founded in 2006, is based
in Henderson, NV.
Neither this press release nor any related calls or discussions
constitutes an offer to sell, or the solicitation of an offer to
buy, any securities.
Forward-Looking Statements
You should not place undue reliance on forward-looking
statements in this press release. This press release contains
forward-looking statements that involve risks and uncertainties.
Words such as "will," "anticipates," "believes," "plans," "goal,"
"expects," "future," "intends," and similar expressions are used to
identify these forward-looking statements. Actual results could
differ materially from those anticipated in these forward-looking
statements for many reasons, including the risks we face as
described in this press release. For further information about
Double Crown Resources, Inc., please refer to its website at
http://www.doublecrownresources.com/.
Double Crown Resources, Inc.Jerold S. Drew, CEO & Chairman
of the Board10120 S. Eastern Ave. Suite 200Henderson, Nevada
89052Phone: (707) 961-6016Email: info@doublecrownresources.com