Westmont Resources Corporation is an independent oil and gas producer. The company’s strategy is two-fold. First, to grow rapidly through the acquisition or “roll-up” of undervalued oil & gas properties with proven reserves in heavy oil and oil shale which have not been fully developed. Second, through the use of proprietary disruptive technologies the company “wrings out” the untapped value of the target properties’ reserves. The company’s growth plans are in modular steps depending on the availability of capital.
The company’s Oil & Gas Extraction Technology (Eco-Recovery4) process, which is multi-patent protected, yields a quadruple-play in competitive advantages, which further differentiates Westmont from other producers.
First, Eco-Recovery4 dramatically decreases the oil’s viscosity, increasing yields by up to 90%.
Second, because Eco-Recovery4 utilizes a well’s own gas production, it yields cost advantages of up to 50%.
Third, Eco-Recovery4 has the advantage of extracting up to 90% of a basin’s reserves verses a 40% recovery when employing other extraction methods.
Fourth, as Eco-Recovery4 has virtually no adverse environmental impact the application has the potential for more universal acceptance and negates the costs of environmental damage mitigation, which furthers its economic advantages.
Eco-Recovery4 is designed to extract oil from formations such as tar/oil sands and Shale with a calculated recovery of 90% or more. The process mechanically injects a heated solution of natural gas, derived from the production of the well, delivered deep into the formation by a proprietary tool that melts the heavy tar oil and Shale oil to a thin viscosity and then extracts it to heated storage tanks on the surface. The technology is readily adaptable to traditional oil and gas extraction systems as well as Shale fracturing systems. Contrary to other methods, Eco-Recovery4 includes constant control and fracturing with no paraffin accumulation, a cost effective extraction method with substantially lower entry and production costs enabling higher margins and longer lives for capital equipment.
Eco-Recovery4 maximizes reserve recoveries due to its ability to penetrate further into the formation at a higher constant operator controllable temperature all of which are not possible with the most commonly applied extraction methods. All the while Eco-Recovery4 provides a net neutral environmental impact. Eco-Recovery4 is proving to be an environmentally safer solution with no contamination of formation or blocking of production. This is particularly of interest in the more confined and populous regions of the Marcellus and Chattanooga shale basins which are advantageously in close proximity to the major gas & oil markets in the northeast United States.
April
11 - Westmont Increases Investment in Oil
Extraction Technology
Westmont
Resources, Inc. (OTCQB: WMNS) ("Westmont"),
today announced that it is in final negotiations to widen its investments into
its EcoRecovery4 system ("ER4"). The company previously announced an
MOU Agreement with Parker Technology Inc for the inclusion of their Heavy Oil
Extraction technology as the core component of ER4.
Westmont is in final negotiations to increase its investment in Parker and its innovative oil extraction method. The company believes ER4 will dramatically increase the production of shale and heavy oil formations over traditional extraction methods and be less harmful to the environment than the most commonly used methods.
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