Lithium Exploration Group in Discussions for First
Commercial Sale of Sonic Cavitation Ltd. Ultrasonic Generator for
Heat Treating of Oil
Tempe, AZ -- February 28, 2017 -- InvestorsHub NewsWire --
Lithium Exploration Group Inc. (USOTC:
LEXG) today announced that it is in discussions with
an oil and gas producer to take the first commercial order of a
Sonic Cavitation Ltd Ultrasonic Generator later this year. The
customer was on site last week to witness the latest round of oil
testing and their field team has already had follow-up discussions
with representatives from LEXG. The customer believes that this
technology can reduce its need for chemicals to induce the liquid
separation, in addition to potential assistance in tank treating.
The current plan is to deploy a skidded package in Q3 to their
facility where they will pay per barrel of treated fluid at one of
their locations.
We are excited that they were able to witness the unit in
operation last week. They feel that the reduction in chemicals and
the reduction in burner use in their treater will be more cost
effective than the manner in which they are running their field
today, commented CEO Alex Walsh. There are so many environmental
advantages to the way that we propose to treat field oil, but to
get the product to market we still need to show that it is
economically more efficient than traditional applications. We are
initiating the design process right now and intend to build a
skid-mounted unit that would be repeatable for other customers and
applications.
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 testing its SonCav Technology and the
acquisition of oil and gas related assets in Western Canada.
Lithium Exploration Group is traded on the OTC Markets 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 Info
Shanon Chilson
480-641-4790
info@lithiumexplorationgroup.com