RG Global Signs Operating Agreement for Commercial Deep Injection Well
October 13 2009 - 12:31PM
PR Newswire (US)
Completes First Stage of Plan to Utilize Patented Technologies,
Generate Positive Cash Flow UPLAND, Calif., Oct. 13
/PRNewswire-FirstCall/ -- RG Global (OTC Bulletin Board: RGBL) has
signed an agreement to operate a 10-acre deep injection well (DIW)
that will provide a positive cash flow and establish RG Global as a
service partner to major oil and gas producers in Utah. "RG Global
(RGBL.OB) has made tremendous progress in the execution of our plan
for a deep injection well in Utah," said Grant King, RG Global CEO
and President. "We have recently signed an operating agreement with
Pro-Water, LLC to manage and operate the injection well. Using our
current technologies, RG Global will convert this well to a greener
facility while utilizing the byproducts to increase the projected
revenue." The Utah Injection Well RG Global intends to develop a
facility for the treatment, reuse and disposal of waters produced
from oil and gas wells on its well site that is competitively
located on a major highway that is easily accessible year round. In
this industry, most oil and gas producers pay third parties to
dispose of their produced waters in injection wells and
evaporation/seepage ponds. RG Global has based its model on
strategic utilization, whereby it converts production well water
into multiple revenue streams. This includes revenue from water
disposal, recycled water for fracking and the separation of oil
condensate. Positive Cash Flow "This operating agreement is the
first step in our reorganization plan to efficiently utilize and
implement our available technologies to generate a positive cash
flow," said Bob Glaser, RG Global VP Operations. "In addition to
the injection well, RG Global is actively pursuing using its
patented DynIX technology for water treatment business in Australia
to satisfy the increased demand for the processing of produced
water from coal seam gas (CSG), also known as coal bed methane
(CBM)." The treatment of CSG produced water in Australia will
provide RG Global an even greater opportunity to increase revenues
over that of the current CBM opportunities in the states. While
historically low natural gas prices in the USA have led to a sharp
decline in CBM production, billions of dollars are being invested
into CSG development in Australia. RG Global has licensed World
Environmental Solutions http://www.wesolutions.com.au/rgga/ to
represent its DynIX technology in Australia. Background on
Injection Well Use: When oil and gas are extracted, large amounts
of wastewater are typically brought to the surface. Often saltier
than seawater and containing metals or other contaminants, the
brine can be damaging to the environment and public health if
discharged onto the soil or waterways. By injecting the brine deep
underground, Class II wells prevent surface contamination of soil
and water. All oil and gas producing states in the U.S. now require
the injection of brine into the originating formation or into
formations that are similar to those from which it was extracted.
About RG Global RG Global is a full service environmental water and
wastewater treatment engineering and construction company,
headquartered in Southern California. Services include innovative
technologies; water and wastewater engineering; construction and
construction management; start-up, operation and maintenance
services; and equipment manufacturing for industrial and municipal
sectors. Areas of expertise include water treatment and
distribution; wastewater collection, treatment, and
disposal/reclamation. Its multi-disciplinary team includes
professional and licensed engineers and scientists with extensive
experience in current engineering, environmental, and construction
technologies. For more information, visit http://www.rgglobal.us/.
Safe Harbor Statement Statements in this news release that are not
historical facts are forward-looking statements that are subject to
risks and uncertainties. Words such as "expects," "intends,"
"plans," "may," "could," "should," "anticipates," "likely,"
"believes" and words of similar import also identify
forward-looking statements, information that is based on forecasts
of future results, estimates of amounts not yet determined,
assumptions of management or other risks identified from time to
time in the Company's reports and registration statements filed
with the Securities and Exchange Commission. All forward-looking
statements attributable to the Company, or persons acting for the
Company, are expressly qualified in their entirety by these
cautionary statements. Parties interested in receiving periodic
updates on RG Global via email should send an email with a subject
line of "RGBL Email Update Request" with their first and last name,
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please email or call 949 888 9500.
http://www.newscom.com/cgi-bin/prnh/20050118/LATU069LOGO
http://photoarchive.ap.org/ DATASOURCE: RG Global CONTACT: Keith
Morlock of RG Global, +1-949-888-9500, Web Site:
http://www.rgglobal.us/
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