TOPEKA, Kan., Feb. 13, 2012 /PRNewswire/ -- Nikron
Technologies, Inc. (OTC Pink: NKRN) has developed cutting edge
technology which relates to high temperature steam generators for
use in the production of heavy oil.
As much as 60-80% of oil contained in mainland U.S. reservoirs
has been left behind because it was too difficult and expensive to
extract up until now.
Nikron presents a cost effective solution to oil recovery which
eliminates the costs and uncertainties associated with exploration
and drilling by targeting these known fields with proven reserves
by capturing this "left behind" oil.
The Wyoming University Enhanced Oil
Recovery Institute (EORI) has as its mission maximizing economic
potential for application of enhanced oil recovery so as to benefit
Wyoming oil producers, increase
oil production, and, in turn, increase tax revenues for the
state.
The EORI was created and is financially supported by the Wyoming
State Legislature. The governor appoints and the legislature
confirms eight commissioners who serve on the Enhanced Oil Recovery
Commission (EORC) to oversee EORI's financial and strategic
planning (See www.uwyo.edu/eori).
EORI is dedicated to delivering relevant, topical solutions to
producers in Wyoming so that
benefits can be realized in a reasonable period of time. The
Institute is primarily focused on application of new technology,
and supports additional development work necessary to support
commercial-scale implementation.
The Institute is working with Nikron in identifying and
screening steam flood candidates within the state. To that end,
EORI has prepared for the sole use of Nikron an initial reservoir
screening report of applicable EOR steam flood candidates in
Wyoming.
Max Gaither, Nikron Secretary,
stated: "We are delighted to be working with the Institute. The use
of their facilities and resources advances our operations manifold.
Their abilities of professionalism are appreciated. They enjoy an
outstanding reputation within the industry, and their over-all
knowledge of the field is of invaluable assistance to us. They
provide us with an expertise and depth of knowledge which is
priceless."
ABOUT NIKRON TECHNOLOGIES:
Nikron Technologies, Inc. (OTC Pink: NKRN) is a natural resource
company with the specific purpose of conducting enhanced oil
recovery operations. The Company has developed breakthrough
proprietary enhanced oil recovery technology and has an aggressive
development vision focused on utilization of this scientific system
to extract additional oil from proven, mature oil fields, thus
negating the high and risky costs associated with drilling and
exploration. The innovative Nikron technology offers a different
and exciting approach to oil development which has the potential to
be "game changing" and propel the Company to the forefront of the
industry. For more information please visit Nikron's website at
www.nikrontech.com.
FORWARD-LOOKING DISCLAIMER
This summary contains forward-looking statements within the
meaning of the "safe harbor" provision of the Private Securities
Litigation Reform Act of 1995. These statements address future
events and conditions concerning the Company's business plans. Such
statements are based on management's current expectation and are
subject to a number of factors and uncertainties, such as future
economic conditions and changes in anticipated revenues and costs,
which may cause actual results to differ materially. The Company
expressively disclaims any future obligation or undertaking to
update or revise any forward-looking statements contained herein.
Investors and potential investors should independently investigate
and fully understand all risks before making investment
decisions.
For more information contact us at:
Nikron Technologies, Inc.
3101 Southwest Shadow Lane
Topeka, KS 66604
Phone (785) 357-1055
Fax (785) 357-1105
info@nikrontech.com
SOURCE Nikron Technologies, Inc.