GRNO's Wholly-Owned Subsidiary, Custom Carbon Processing Inc., Reports 1st Quarter Slop Oil Production Rates From Montana Facili
April 19 2011 - 8:00AM
Marketwired
Green Oasis Environmental Inc. (PINKSHEETS:
GRNO), a Florida corporation, is pleased to announce its
wholly-owned subsidiary, Custom Carbon Processing Inc. (CCP), is
having a great start to 2011. CCP has had the pleasure of being
able to operate through the entire winter this year, and is
starting to see the beginnings of what should be another record
year.
Despite extreme winter weather conditions, GRNO reported a
record-breaking winter season with over 3,000 barrels of sales oil
produced at the Montana facility in the last three months of
operation. Management anticipates an additional 1,000 barrels of
sales oil for the month of April.
CCP is now scheduled to be in full production at the Montana
facility, commencing May 1, 2011, at a production rate of 3,000
barrels of sales oil per month. Based on today's NYMEX crude oil
prices, that will generate revenues of approximately $300,000.00
per month from this facility.
CCP's Montana facility located just 2 miles outside of Sidney,
and right over the hill from the North Dakota border caters to both
States and is in the perfect location. The current active drilling
program is in full swing in Montana and North Dakota.
Currently, North Dakota has 173 rigs listed as active. It is
rumored that there are also over 500 reserve pits to be reclaimed
-- this is one of the main sources in which CCP receives its slop
oil and processing materials. The active listing of rigs and
high-level reserve pits are timely considering the recent surge in
oil prices.
"We have seen increases in both new customers and the variety of
material coming into the plant. With the new price schedule
introduced late last year, revenues should increase nicely this
year while maintaining the lowest price disposal option for the
area. In light of the expected influx of material, we have brought
in additional equipment to this location to ensure that we are able
to keep up with the demand for disposal in the area," stated Peter
Margiotta, President and CEO of Green Oasis.
Green Oasis -- "Green today for a stronger tomorrow"
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.
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 first facility has proven
its capabilities to process 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 has enjoyed recent
expansion by opening a second facility in Montana, 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.
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 Company intends that such
forward-looking statements be subject to the safe harbors created
thereby.
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 info@thestockalerts.com
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