Market Pulse Breaking News Alert for Tuesday, July 15, 2008: PRRY – Planet Resource Recovery Provides Positive Additional Information on Oil Well Treatments With PetroLuxus(TM)!
SOURCE:
Market Pulse
2008-07-15 07:30:00
Market Pulse Breaking News Alert for Tuesday, July 15, 2008: PRRY – Planet Resource Recovery Provides Positive Additional Information on Oil Well Treatments With PetroLuxusTM!
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.
ATLANTA, GA–(EMWNews – July 15, 2008) – Market Pulse News Alert for this AM, Stocks to
Watch are: Planet Resource Recovery, Inc. (
Solar Inc. (
and Apple Inc. (
Investors need to be watching Planet Resource Recovery, Inc. (
of the PetroLuxus™ family of chemical products. PetroLuxus™ is a
proprietary, environmentally friendly chemical that dislodges hydrocarbons
(oil) in practically all natural and man-made environments. PetroLuxus™
products can be applied to multiple hydrocarbon recovery and production
enhancement applications including: separation and collection of
hydrocarbons in contaminated soil remediation, bio-diesel feedstock
treatment to promote separation of water and particulates, treatment for
more efficient separation and recovery of methanol, fatty acids and
glycerin in bio-diesel production, treatment of rheospectic compounds
produced from the use of oil based drilling muds to recovery oil and reduce
hazardous waste, downhole well stimulation for enhancing oil production in
marginal producing wells, cost effective and environmentally friendly
recovery of oil from Utah tar sands, cost effective cleaning of storage
tank bottoms and oil recovery, oil recovery and remediation of sludge and
tailing ponds, treatment of heavy oil from removal of water and adulterates
with improvement to flow characteristics, to name a few. Through the
acquisition and formation of wholly-owned subsidiaries, PRRY deploys the
PetroLuxus™ products. RADA Technologies, Inc. designs and engineers new
mechanical processing equipment proprietary to PetroLuxus™ products
while simultaneously providing fuel inventory management services reducing
loss to increase gain for its customers. Oil Recovery Ventures, LLC deploys
PetroLuxus™ through joint ventures in the Enhanced Oil Recovery market.
PRRY commenced working with an AMEX listed oil production company in
January 2008, with the goal to treat a series of wells to increase oil
production with its downhole treatment product — PetroLuxus™ MMMF. The
company’s wells are in the Austin Chalk formation in Texas. Oil production
at the primary treated well for February and March 2008 has been
significantly improved with over 285 and 287 barrels, respectfully, of oil
for each month, and through April 21, 2008 the well has continued to
average about ten barrels of oil per day. PRRY recently announced the
collaboration between the company and Affordable Bio Feedstock of Florida
aimed at developing a process utilizing PetroLuxus™ products for the
separation and recovery of oils from waste trap grease materials rendering
an affordable, marketable grease feedstock for biodiesel producers.
Affordable Bio Feedstock has purchase commitments from Biodiesel producers
approaching 50 million gallons of raw feedstock annually once the
technology is developed and deployed. The National Renewable Energy Lab
estimates the US generates 495 million gallons of waste grease trap
material yearly — which does not include millions of gallons of waste
grease captured at municipal water treatment plants. This quantity of raw
feedstock represents an estimated $25 million per year revenue stream for
Planet Resource Recovery. Planet Resource Recovery’s pilot manufacturing
plant is operational with PetroLuxus™ ready for commercialization. PRRY
is dedicated to maximizing the recovery and production of hydrocarbon
resources reducing America’s dependency on foreign oil and minimizing the
environmental impact of petroleum based hazardous waste through
ecologically responsible and profitable remediation efforts benefiting
clients, associates and investors. Sales through a dedicated distributor
network, design and construction of specific applications processes, and
participation in joint ventures for enhanced profitability ensure a
strategy of introduction of the PetroLuxus™ family of products to the
widest audience. Planet Resource Recovery is poised to become a significant
player in the petrochemical/oil services industry! PRRY just had excellent
news out in a press release before today’s opening bell announcing
treatments with PetroLuxus™ on a series of wells in central Texas
continue to provide positive results after four months! Investors should be
watching this one closely!
Planet Resource Recovery, Inc. (
new, additional information regarding well treatment results. Treatments
with PetroLuxus™ on a series of wells in central Texas continue to
provide positive results after four months. These treatments were performed
on a variety of wells including Austin Chalk formation with fracturing and
other formations with matrix porosity. The wells included vertical and
horizontal lateral wells in the Austin Chalk and vertical wells of varying
depths in more common matrix porosity wells and the production varied in
type and quality of oil, as well as, produced water.
The wells selected for treatment, although different in configuration,
depth, and formation type, had common issues that resulted in reduced
production. All of the wells had suffered a decline in production due to
suspected corrosion and fouling that subsequently contributed to increased
maintenance and downtime from equipment failure. Following treatment, all
of the wells have benefited. Production levels have increased either
directly or as the result of less downtime and fewer mechanical problems in
all wells.
Operator analysis of the results are continuing but significant benefits
have been observed. PetroLuxus™ has shown particular benefit to treating
chalk formation wells with horizontal laterals and typical vertical wells
with good porosity and permeability that are suffering from near well bore
contamination and equipment fouling. This is expected, as PetroLuxus™ is
a contact chemical and provides benefit from its ability to penetrate
fractures and existing permeability and porosity to open channels. Another
common factor is suspected for some improvements; conversion of corrosive
H2S into iron sulfide and reduction of corrosion. Additional potential
PetroLuxus™ benefits include drag reduction, scale reduction, and acid
reduction.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer and marketer
of the PetroLuxus™ family of products, a proprietary environmentally
friendly chemical compound that dislodges oil in practically all natural
and man-made environments. The PetroLuxus™ family of products are
effective and efficient solutions for the remediation and recovery of
petroleum-based products. PetroLuxus™ applications include Enhanced Oil
Recovery, Oil Sands, oil spills, oil tank farm cleaning, marine ship
cleaning, remediation of oil sludge pits, treatment of raw fuel feedstocks,
waste oil segregation and biodiesel, to name a few. Through the acquisition
and formation of wholly owned subsidiaries, Planet Resource Recovery, Inc.
deploys the PetroLuxus™ products. Oil Recovery Ventures, Inc. deploys
PetroLuxus™ through joint ventures in the Enhanced Oil Recovery market.
For an audio/visual demonstration of PetroLuxus™, click on the link
http://www.planetresource.net/index-21.html. For more information visit:
http://www.planetresource.net or http://www.petroluxus.com.
Stocks in the news and acting well as of late include: Canadian Solar
Inc. (
and Apple Inc. (
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