WOGI- South America, S.A.A. is honored to announce
that World Class Engineer Mr. Saul Yabar Pacheco will assume the
position of Vice President of Business
Development
DEBARY, FL / ACCESSWIRE / October 9, 2015 /
World Oil Group, Inc. (PINKSHEETS: WOGI) is pleased to announce
WOGI- South America, S.A.A. is launching its construction division
with a very established world class EPC Engineering, Procurement
& Construction Company IAGESA. This Joint Venture agreement is
mutually beneficial to both companies and WOGI-SA's new acquisition
MDN Peru. This allows all of the WOGI companies to generate cash
flow by its new relationship.
MDN Peru is a heavy equipment Rental Company that WOGI just
acquired 49% of and MDN.COM which is a light equipment Rental
Company that WOGI also purchase 49% of and added over $150,000
dollars to the books. WOGI will show profits from the MDN
acquisitions on 3rdQuarter report. The acquisition of
MDN Peru has added revenue and assets to WOGI's portfolio.
Financials are on www.worldoilgroup.com for disclose purposes under
Global Operations Tab- MDN.
WOGI-South America, S.A.A.
WOGI- South America, S.A.A is a diversified company that has
multiple divisions in the following areas 1) Petroleum, 2)
Construction, 3) Agricultural, 4) Commodities, 5) Mining, 6)
Business Services and 7) Real Estate.
Adding Mr. Yabar to WOGI- South America, S.A.A.'s team as Vice
President of Business Development allows for endless opportunities.
The Joint Venture allows for the two great companies to become one
phenomenal powerhouse with the ability to take on some of Peru
largest projects in the Petroleum, Power Generation Construction,
Construction, Mining and Agricultural industries, Real Estate and
Business Services.
Mr. Saul Yabar will identify, evaluate and secure projects to
WOGI- South America, S.A.A.in a host of industries from petroleum,
mining, agricultural and construction.
Ing. Julio Saul Yabar Pacheco - Highlights
-Civil Engineer with Post-grade Studies in the University of
Padua Italy.
-International Consultant of Energy and Mining Projects, to the
date
-Director of Mega Projects in hydroelectric Power Generation
such as Pucara, and Molloco 2004 to 2010.
-Director of the National Peruvian Society of Mining, Oil and
Energy (fir the last 2 terms – from 2012-2016)
-Owner of a Construction Company offering EPC Contracts for the
Construction and Energy Sector.
-Vice-President on behalf of the Peruvian Government for the
Reconstruction Fund of the South from 2008 to 2010.
-Director of PETRO PERU from (National Peruvian Oil Company,
Período 2006 – 2008).
Asesor del Presidente de la República del Perú en Proyectos de
Irrigación, Energía y Petróleo (Periodo 1985 – 1987)
Director for South America for Lahmeyer International (Period
1998 -2003)
Adviser of the President of Peru in irrigation, Energy and Oil
(period1985 to 1987).
Operations Manager of Abengia Peru and Member of the Board of
Directors (Period 2004 - 2010)
Executive director of the Reconstruction Authority for the Sydro
electrical Project of Chira Piura
(1980 a 1984).
The Joint Venture immediately has two power plants to build with
an equity position on the PPA. These two projects will give the
Joint Venture 1) project for $47milion dollars in EPC revenue and
the 2nd project for
$11millions dollars in EPC revenue with a 15 year PPA.
"EPC-Engineering Procurement & Construction."This is not a bid,
these project are Mr. Yabar's projects he brought to the team.
This Joint Venture alliance will allow World Oil Group, Inc.'s
MDN Peru to have access to bid on government tenders by having the
EPC license by and through IAGESA and in reverse it will allow
IAGESA to bid on government tenders for projects requiring heavy
equipment/cranes for its power plant and mining projects. This
combination allows for WOGI- South America, S.A.A. to become a Turn
Key Contractor with in the region covering the main items need to
accomplish large scale projects such as these.
WOGI-SA- Power Plant Projects
Project #1 Cusco
Total installed capacity 28 MW in cascade (6MW, 8MW and
14MW)
6km pressure pipe for each unit in cascade for a total of 18 Km
and a 0.3 Km tunnel for the 14MW hydro plant
Capacity factor 69.3%
Expected yearly production 176.7 GWh
Hydrology studied over 124 years
Project data reviewed and verified by POYRY
Studies available upon request for detailed due diligence (an
executed NDA is required)
Expected returns 16.7 %IRR
Renewable PPA for 15 years
TOTAL EST. COST USD 53.2 Million (EPC estimated cost: USD 47
Million)
Construction period 18 months
Project # 2- Outside Lima
Location Near Lima (see map)
Installed capacity 6.5 MW
Tunnel 1.4 Kms / Channel length 0.5 Km
Capacity factor 64.7%
Expected yearly production 50.7 GWh
Hydrology studied over 36 years
Project data reviewed and verified by Lombardi SPA
Studies available upon request for detailed due diligence (an
executed NDA is required)
Expected returns 17.7 %IRR
Renewable PPA for 15 years
TOTAL EST. COST USD 12.4 Million (EPC estimated cost USD 11
Million)
Construction period 15 months
WOGI-South America- Business Services Team
World Oil Group, Inc.'s core team will support WOGI-South
America, S.A.A. and this allows for WOGI-South America, S.A.A. to
be one of Central/South Americas greatest "Out of the Box"
Actionable Think Tanks that can effectively take over
mismanaged/failing companies, by and through its highly competent
diverse business and petroleum team starting with the petroleum
industry. WOGI can quantify how in grounds assets have not been
maximized and how it can maximized the in ground asset in a safe
method through its "Sustainable Oil and Gas Field Model" thus,
making the oil wells cleaner and more profitable than ever been
before.
WOGI's proven strategy is using a combination of Asymmetrical
Leadership, Greater Accountability, World Class Petroleum Engineer
Dr. Samuel Armacanqui (former Engineer for Conoco, Shell, Omani
Oil, RWE-SUCO), Cutting Edge Technology/Techniques, Environmentally
Friendly Oil Field Products on the US EPA NCP Subpart J List for
Hazardous Spill/Oil Spill Clean Up, Tested by Peru's National
University of Engineering School for Petroleum and Petrochemicals
and manufactured by World Oil Group, Inc.-Environmental Protection
Associates.
WOGI's team is highly competent in the business and petroleum
industry with shale oil experience. WOGI's is a Turn Key Oil
Contractor that can operate oil wells with maximum performance and
ROI in any environment.
WOGI's CEO Nathan Hall has been in Lima, Peru, since Aug 25,
2015 and has identified multiple opportunities in the petroleum,
mining and construction fields that WOGI-South America, S.A.A. and
its American support team will identify, analyze, proposal and
acquire/take over.
WOGI's Strength is that is has world class leaders in diverse
academic/business fields with extensive field experience that
allows WOGI's team to move fast, effective and surgical with
International experience in fast paced markets.
WOGI CORPORATE NOTE:
World Oil Group, Inc.is a developmental stage company that
acquired a public company via reverse merger that was grossly
mismanagement and filled with debt. True leadership was implemented
and verifiable and measurable business is now in place with an
entire new team and company.
Its new leadership is world class with a vast amount of
International expertise and connections.
Since the acquisition a little over 13 months ago, World Oil
Group, Inc. has paid off all the convertible debt to Baron Capital
the previous owner(s) put on the company, cleaned up its messes,
and met all its benchmarks as it stated in its Press Releases in
first quarter 2015.
World Oil Group's team has spent time evaluating value add
opportunities, hand picking a world class team with major
accomplishments, acquiring asset(s) and building a solid company
that is diverse and balanced.
WOGI is acquiring assets and by the time WOGI's CEO leaves Lima,
Peru, WOGI will have far surpassed its benchmark. It's now truly
positioned for growth.
World Oil Group, Inc. has balanced out its portfolio via its new
subsidiary WOGI South America, S.A.A. Operations based in Lima,
Peru.
World Oil Group, Inc.'s CEO Nathan Hall is committed to serious
growth and is always evaluating capital partner(s).for potential
grow opportunities. WOGI is seeking financing for the above
mentioned energy projects in Peru. Contact WOGI at
info@worldoilgroup.com
About World Oil Group, Inc.
World Oil Group, Inc. is an international petroleum company that
uses actionable intelligence from its strategic relationships to
target and identify niche market opportunities in and out of the
Unites States.
World Oil Group, Inc.'s executive team and advisers have a vast
military and international sector experience in hostile and
emerging markets where oil field and mining operations are the
dominant source of revenue.
WOGI's team/advisors range from a double Post Doctorate in
Petroleum/Mining Engineering to a Princeton University PhD graduate
in Economics to an International Ambassador(s) to US Military
Paratrooper(s) to British Special Forces to Graduate of Harvard
Executive Studies Program to a former V.P. of Business Development
of a multibillion dollar corporation.
WOGI's team and advisors have worked on every major continent in
the world at multiple levels of government and private sector
business.
World Oil Group, Inc., engages in various vertical and
horizontal opportunities within the petroleum markets such as Oil
Exploration, Enhanced Oil Recovery, Hydro Carbon Remediation,
Energy Trading, Oil & Gas Industry Product/Equipment Sales, Oil
Field Security and Pioneering Micro & Nano refinery
operations.
World Oil Group, Inc. continues to seek opportunities in niche
markets where it can use its international experience and "boots on
the ground" strategic relationships to continue leveraging its
analytical experience in emerging markets and continue to grow
shareholder value.
WOGI will continue increasing shareholder value by serving
niches areas of opportunity and not casting its self too deep in
one area as to get caught in the downturn of the oil markets that
are politically controlled and not market driven.
EPA Petroleum, Inc. "EPA" is a wholly owned subsidiary of World
Oil Group, Inc. (WOGI). The Company is an independent producer of
crude oil and natural gas. EPA Petroleum is actively involved in
drilling activities within the Commonwealth of Pennsylvania using
its subcontract drilling partner.
World Oil Group, Inc. is now taking the path breaking challenge
to lead the world on its "Sustainable Oil & Gas Field Model"
implementing the concepts and related applications model in the
Petroleum Industry. WOGI is always seeking new opportunities in the
petroleum industry and will look to develop economic growth in the
areas it works. As WOGI enters into a market, it will seek to help
bring jobs within its foot print. World Oil Group's vision is to
grow exponentially with the Petroleum Industries using "The
Sustainable Oil & Gas Fields" concepts and applications for
E&P & EOR, and Energy Trading in the USA and around the
world.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
For more information contact:
CONTACT:
Grace Carlton, Chief Communications Officer
World Oil Group, Inc.
Ph. 407-777-9228
gcarlton@worldoilgroup.com
www.WorldOilGroup.com
Twitter.com/epapetroleum
facebook.com/epapetroleum
SOURCE: World Oil Group, Inc.