COSTA MESA, CA, Nov 06 (MARKET WIRE) --
ENVIROTEK (PINKSHEETS: ENTK) today announced the Company will be
introducing a low cost oil separation process for the recovery of natural
crude oil from Dead Wells across South America.
Dead Wells are typically projected to be still holding almost 65% of the
original crude oil that became non cost effective to pursue by traditional
drilling, due to depth and other recovery factors, therefore Oil and
Drilling companies capped the wells and left them sitting dormant. There
are hundreds of thousands of capped Dead Wells with high quality crude oil
across South America. The statistical costs of oil recovery from such
wells are estimated to be somewhere between $70-$80 per barrel, which is
not cost effective for profitable production unless oil prices are in the
range of $100+/barrel.
ENVIROTEK Board of Directors today announced the company has secured the
rights to a revolutionary oil separation process which will allow the
recovery of crude oil from the Dead Wells, using a chemical based
formulation along with a high range pumping system, increasing the
possibility of significantly increased daily production of crude oil at a
low cost per barrel.
ENVIROTEK President, Robert Thompson, commented," We will be releasing
video footage next week on the company's website, demonstrating this cost
effective formulation for Oil Recovery from Dead Wells and geographic
locations of high volume Dead Wells, where the company plans to start with
the Oil Recovery process."
ENVIROTEK recently acquired controlling interest in Extreme Green
Technologies, Inc., whose subsidiary company based in Southern California,
Extreme Biodiesel, is one of only 15 Licensed Biofuel refineries in the
USA. www.extremebiodiesel.com
About ENVIROTEK
"PROVIDING TOMORROW'S GREEN SOLUTIONS TODAY" Our initiative is to help
change the way the world looks at the Environment, and provide solutions
to "GO GREEN"
ENVIROTEK is a rapidly growing company that will be introducing several
innovative technology solutions to a growing crisis throughout the world.
Our goal is to improve the health, environment and economy of people
around the world by supplying proprietary technology that can be used in
both new and existing systems to convert them to "GREEN" and to create
Alternative Energy Solutions.
We will be introducing cutting edge technology in a number of areas:
Energy, Environmental Cleanup, Dead Oil Wells and Waste Management, just
to name a few. Our products will not only help reduce the Carbon Dioxide
green house effect, but will also be a solution to save our resources for
generation to come. www.envirotekusa.org
Relevant Link:
www.thefuelfilm.com
http://vodnewswire.com/vodnewswire/news/envirotek-20091106/
Safe Harbor Statement: This release includes forward-looking statements
intended to qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements generally can be identified by phrases such as INCL or its
management "believes," "expects," "anticipates," "foresees," "forecasts,"
"estimates" or other words or phrases of similar import. Similarly,
statements herein that describe the Company's business strategy, outlook,
objectives, plans, intentions or goals also are forward-looking
statements. All such forward-looking statements are subject to certain
risks and uncertainties that could cause actual results to differ
materially from those in forward-looking statement.
ENVIROTEK:
949-999-2022
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