Green Oasis Environmental, Inc.'s (GRNO) Wholly Owned Subsidiary, Custom Carbon Processing, Inc. (CCP), Increases Annual Revenue
September 23 2010 - 7:30AM
Marketwired
Green Oasis Environmental, Inc. (PINKSHEETS:
GRNO), a Florida corporation, is pleased to announce that its
wholly owned subsidiary Custom Carbon Processing, Inc. (CCP) has
increased their forecast for annual revenue and gross profit at
their Eastern Texas location.
Management now estimates the Texas project could generate total
annual revenues of US$6 million per year. Approximately one-third
of this amount, or US$2 million per year, will flow through to the
Company as gross profit. These numbers are based on operating 24
hours a day, 21 days a month. Management anticipates processing
approximately 800 barrels per day (BPD) and 16,800 barrels per
month (BPM). CCP's final permit is anticipated to arrive shortly.
Once final permit is received, management will bring in slop oil
for processing.
Matt Campbell, V.P. Research and Development of Green Oasis,
states, "During my most recent trip to our East Texas location, I
was impressed by the amount of oil hauling trucks in the area. This
location has been stated to be one of the top 3 oilfields in North
America, with over 600 drilling rigs. There is definitely a lot of
potential for great business."
Mr. Campbell further stated, "We anticipate being up and running
in the near future and look forward to featuring our new processing
equipment. This state of the art equipment has the ability to
process oil at an estimated rate of up to 45 gallons per minute
(GPM). Of course this is dependent upon the type of product being
processed."
About Green Oasis Environmental Inc.
Green Oasis Environmental, Inc. (GRNO) is dedicated to acquiring
and providing access to world class technologies available today
and has chosen to focus its efforts on seeking acquisitions of
technology and/or operations concerning the remediation of slop
oil, waste engine oil, and tank bottom oils. GRNO has every
intention of becoming the single best option for reclaiming oil to
pipeline specification from these waste products. Through the
Company's state of the art technology, GRNO will be able to process
these waste products at one of their facilities or at a customer's
site by way of implementing its portable processing technology.
Green Oasis -- "Green today for a stronger tomorrow."
About Custom Carbon Processing Inc.
Custom Carbon Processing, Inc. (CCP) is a Wyoming based Company
formed in 2006 that has been operating in the Gillette, Wyoming
area since its inception. Through the technology that CCP has
developed, CCP is able to process slop oil (unrefined, non saleable
oil) into pipeline standard crude. Its current facility has the
capabilities of processing up to 1,500 barrels of slop oil with a
conversion ratio of approximately 50% to finished crude. Through
its ongoing contract, CCP sells the processed slop oil to Shell
Trading (US) Company (www.shell.us). Shell Trading (US) Company is
a corporation that acts as the single market interface for Royal
Dutch Shell companies and affiliates in the United States, with
offices in Houston, TX (headquarters); Dallas, TX; Denver, CO;
Midland, TX; and San Antonio, TX; and has an affiliated Shell
Trading company in Calgary, Alberta. Shell Trading buys and sells
more than five million barrels per day of hydrocarbons, is one of
the largest physical traders of hydrocarbons in the United States
and one of the world's largest energy trading companies.
In addition to its Wyoming facility, CCP is currently planning
expansion of its processing technology into Montana and North
Dakota, home of the Bakken (www.bakkenblog.com) and Three Forks
plays, said to be two of the largest oil plays in North
America.
For more information on Green Oasis Environmental, Inc. or
Custom Carbon Processing Inc., please visit
www.greenoasisenvironmental.com or contact Investor Relations at
(877) 207-3370.
Forward Looking Statements/Safe Harbor
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995.
The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management, as well as assumptions made by any information
currently available to the Company or its management. When used in
this document, the words "anticipate," "estimate," "expect,"
"intend," "plans," "projects," and similar expressions, as they
relate to the Company or its management, are intended to identify
forward-looking statements. Such statements reflect the current
view of the Company regarding future events and are subject to
certain risks, uncertainties and assumptions, including the risks
and uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties.
Contact: Investor Relations Taylor Capitol, Inc. Stephen Taylor
(877) 207-3370 Email Contact
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