World Oil Group, Inc., Issues an Update on the Meeting(s) in Oman and Peru
May 14 2015 - 08:30AM
Access Wire
World Oil Group Inc. a Global Vision for a Better
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DEBARY, FL / ACCESSWIRE / May 14, 2015 / World
Oil Group, Inc. (PINKSHEETS: WOGI) would like issue an update
regarding the meeting with Peruvian Oil Officials and the meeting
Dr. Armacanqui recently had with Mr. Yassen Al Noumani a member of
the Royal Court in Muscat, Oman.
PERU UPDATE:
A meeting was anticipated in April between WOGI and the Peruvian
officials to discuss oil concession participation on an oil field
currently producing 3,000 barrels a day. The meeting has been
rescheduled for July due to scheduling issues for Dr. Armacanqui.
Based on similar fields and past experience, Dr. Armacanqui
forecasts the well production to grow from the current 3000 bpd
production to 20,000 bpd in 2017 and 40,000 bpd by 2019. As a part
of the concession WOGI will look to share in the increased
production by as much as 50%, still TBD. WOGI will also discuss
opportunities to use its new products recently acquired from EPAI,
Inc. for Hydro Carbon Remediation on land and water and Paraffin
Remediation in oil wells and pipelines.
OMAN UPDATE:
Dr. Armacanqui recently meet with Mr. Yassen Al Noumani a member
of the Oman Royal Court and President of Soltex, LLC, (Muscat, Oman
- Oil field Services Company) to discuss opportunities for WOGI in
Oman. Oman has nearly 10,000 producing oil wells, more than all the
other countries in the Middle East combined. While, Oman has the
most amount of producing oil wells in the Middle East, it still
only produces approximately 1million bpd. This makes for an
opportunity for WOGI to teach its' Enhanced Oil Recovery (EOR)
"Sustainable Oil & Gas Field Model" and perform its EOR with
WOGI's Paraffin Remediation Solution (PRS) product(s).
WOGI also has an opportunity for its Oil Field Remediation
products that are listed on the United States Environmental
Protection Agency National Contingency Plan - Subpart J list for
Oil & Hazardous Spill Cleanup list, EPA Oil Field Solution,
Global Environmental Cleaner & Hydro Clean (
http://www2.epa.gov/emergency-response/epa-oil-field-solution ).
Multiple EOR project are currently underway but there is plenty of
opportunity for WOGI to participate.
The meeting went extremely well. WOGI has filtered out
opportunities and are now in discussions regarding those
opportunities for WOGI in Oman.
About World Oil Group, Inc.
World Oil Group, Inc. (WOGI) is a petroleum company that has
traditionally focused on Oil & Gas Exploration in the
Pennsylvania markets by and through its wholly owned subsidiary EPA
Petroleum, Inc. First Quarter, WOGI is scaling up operations in the
MENA, Gulf and Central/South American regions in 2015, the company
will keep its shareholders updated.
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 Xite Energy, Inc. as its subcontractor 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:
Nathan Hall, President CEO
World Oil Group, Inc.
Ph. 407-777-9228
info@epapetroleum.com
www.WorldOilGroup.com
Twitter.com/epapetroleum
facebook.com/epapetroleum
SOURCE: World Oil Group, Inc.