Updates will be forthcoming in series of Press Releases
Lima, Peru -- (ReleaseWire) -- 12/02/2016 --World Oil Group, Inc.'s (OTCPink:WOGI) U.S Manufactured environmentally friendly cutting edge Oilfield Technology PRS - Paraffin Remediation Solution Can Lift Heavy Oils, Reduce Cost of Oil Extraction, Reclaim Old Wells back into Production, Clean Formations, Pipelines and Tanks."
World Oil Group's CEO & COO Nathan Hall and Dr. Samuel Armacanqui have been working with Peru's National University of Engineering School of Petroleum and Petro Chemicals (known as UNI) to test PRS's effectives. UNI 's is known as the Harvard of Engineering here in Latin America. UNI has signed a Letter of Intention to work together on this Technology!
"PRS is EFFECTIVE" and Environmentally Friendly!
PRS is extremely effective to lift heavy oils in locations that have not been cost effective in the past for many oil companies especially here in Peru, Venezuela, Ecuador, Colombia. PRS is a game changer in the New Energy Revolution that's changing the Oil industry around the globe.
PRS has already been extremely effective for oil companies in Texas, Oklahoma, Pennsylvania and Peru with proven results.
World Oil Group is looking to take over existing oil fields that have been retuned because the cost of operations was too high for concession holders and/or JV partners with existing concessions in a revenue share agreement.
World Oil Group can provide a Turn-Key Solution including engineering, field management and accounting on site with video surveillance and security if needed (remote locations) in Peru/Latin America, USA and all other locations.
Our experience has shown most oil fields around the world need better transparency, management and accounting in the field to maximize the ROI and reduce the cost per barrels of oil extracted.
Our experience has revealed most executives and field management only schedules pre-scheduled cameo appearances in remote locations with no true accountably. Therefore, we provided a Turn Key Solution if needed to maximize oversight, management, accountability, transparency, ROI and reduce the cost per barrels of oil extracted. This protects the company and its shareholders from "Fraud Waste and Abuse"!
World Oil Group, Inc.is moving aggressively to capitalize on the Oil Industry in the USA, Peru, and around the world with its Environmentally Friendly Proven Cutting Edge Technology!
World Oil Group, Inc. will continue to press forward to build a strong company in a diverse market despite market challenges.
About World Oil Group
World Oil Group, Inc. is an international company with oil exploration operations in Oil City, Pennsylvania and its Management, Petroleum, Commodities & Mining Operations based in Lima, Peru. EPA Petroleum is a wholly owned subsidiary of World Oil Group, Inc.
World Oil Group, Inc.'s leadership, management and QAQC teams are cross trained former US Military Veterans. WOGI's CEO is a Service Connected Disabled Veteran always looking to give greater transparency in the field through its Hand on Approach and Turn Key Drilling Opportunities. WOGI- Have Team, Will Travel!
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
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World Oil Group, Inc. Stock Symbol (WOGI)
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Source: UPTICK Newswire