Lithium Exploration Group Adds Oil Treatment to Product Offering at Tero Oilfield Services
21 May 2014 - 1:45PM
Marketwired
Lithium Exploration Group Adds Oil Treatment to Product Offering at
Tero Oilfield Services
SCOTTSDALE, AZ--(Marketwired - May 21, 2014) - Lithium
Exploration Group (OTCQB: LEXG) announced today that it is adding
an oil treater to its Tero Oilfield Services facility in Wardlow,
Alberta. This expansion of the product offering at Tero is an
important step toward providing a full suite of services for
customers in the area. Tero is well-positioned to give its
clients a competitively priced product, while providing a level of
customer service with which the bigger companies in the area are
unable to compete. The oil treatment product offering should be
fully operational by July 2014. This expansion also coincides
with Lithium Exploration Group's order of an oil upgrading unit,
which is scheduled to arrive at Tero in August. The oil
upgrading unit is expected to enhance the performance of the oil
treatment infrastructure that Tero is putting in place with the
previously mentioned expansion.
"This expansion is critical for the future of Tero. They
already treat their own skim oil production, but with this
expansion they will be able to handle loads from existing waste
disposal clients. Our goal is to help our local clients by
providing exceptional customer service, honest pricing, and, in
almost all cases, we will be saving clients the expense of shipping
to other treatment operation much further away," commented CEO Alex
Walsh. "Our team at Tero have been researching this with
contractors and existing clients for months and see a huge
opportunity for additional revenue from their existing client
list."
About Lithium Exploration Group Lithium Exploration Group is a
US-based exploration and development company focused on the
acquisition and development potential of lithium brines and other
precious metals that demonstrate high probability for near-term
production. Currently the company is focused on its Western Canada
lithium assets, testing its Ultrasonic Generator Technology and the
acquisition of oil and gas related assets in Western Canada.
Lithium Exploration Group is a fully reporting company traded on
the OTCQB under the symbol LEXG. Website:
www.lithiumexplorationgroup.com.
Safe Harbor Statement This news release contains
"forward-looking statements." Statements in this press release that
are not purely historical are forward-looking statements and
include any statements regarding beliefs, plans, expectations or
intentions regarding the future testing of the ultrasonic
technology.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
mineral exploration and difficulties associated with obtaining
financing on acceptable terms. We are not in control of lithium
prices and these could vary to make development uneconomic. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and
intentions contained in this press release are reasonable, there
can be no assurance that such beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consult all
of the information set forth herein and should also refer to the
risk factors disclosure outlined in our most recent annual report
for our last fiscal year, our quarterly reports, and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
CONTACT: Shanon Chilson 480-641-4790
info@lithiumexplorationgroup.com