United Energy Reports Purchase Order From PDVSA, World's Fourth Largest Oil Company, for United Energy's KX-91 Chemicals Followi
November 04 2004 - 2:35PM
PR Newswire (US)
United Energy Reports Purchase Order From PDVSA, World's Fourth
Largest Oil Company, for United Energy's KX-91 Chemicals Following
Outstanding Test Results Improvements in Well Production Ranged
From 46% - 2100% SECAUCUS, N.J., Nov. 4 /PRNewswire-FirstCall/ --
PDVSA, the world's fourth largest oil company, has placed an order
with United Energy for KX-91 chemicals approximating $200,000.
United Energy's CEO, Brian F. King, stated, "An earlier order had
been placed by PDVSA for the KX-91 chemicals, which were utilized
for testing purposes. Extraordinary results have led to this second
order, which we believe will lead to additional orders, accompanied
by a continuing close relationship with one of the world's premier
oil companies. PDVSA, the Venezuelan oil company, utilizes
literally millions of dollars of these types of chemicals on a
monthly basis. "This purchase order, and the test results on which
it is based, dramatically validates the enormous potential of
United Energy's patented oil service chemicals, which can increase
an aging oil well's production by 46- 2100%. In a world of $50 a
barrel of oil, this value multiplies many times over. In an
escalating world energy crisis, we believe that United Energy has a
unique role to play." C.C.R.I. Corporation has provided the
information in this report, based on its best knowledge and
perception. C.C.R.I. is not a Brokerage Firm, Securities Dealer, or
Investment Advisor; therefore, nothing contained in this
informational piece shall constitute an offer to sell or
solicitation to buy the mentioned securities. This information is
assembled from sources that are believed to be accurate, but no
warranty can be made. C.C.R.I. holds a warrant, option or stock
position in virtually all of its client companies and receives a
major portion of its compensation in these various forms of equity.
Contact: Malcolm McGuire for C.C.R.I. Corp. 1 (800) 828-0406
DATASOURCE: United Energy Corporation CONTACT: Malcolm McGuire,
1-800-828-0406, , for United Energy Corporation Web site:
http://www.unrg.net/
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