Westmont Resources Corporation (OTCBB: WMNS) 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.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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