Planet Resource Recovery, Inc. and Hinto Energy, Inc. Commence Field Testing PetroLuxus(TM) WC in the Uintah Basin in Grand C...
05 Setembro 2012 - 10:00AM
Marketwired
Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) is pleased to
report that the Company and Hinto Energy, Inc. (OTCQB: HENI) have
commenced field testing PetroLuxus™ WC in the Uintah Basin of Grand
County, Utah.
Hinto Energy, Inc. recently added to its portfolio with the
acquisition of an additional property that encompasses 4,783 gross
acres with a net revenue interest (NRI) averaging approximately 80%
in the Cisco Springs Fields, that includes 27 oil & gas wells
that need to be produced or re-worked.
PetroLuxus™ WC is a multi-modal liquid compound formulated to be
injected downhole into oil bearing formations for the increased
recovery of hydrocarbons, reduced hydrogen sulfide concentrations
and improved flow characteristics. These combined attributes result
in increased performance of operational equipment with less down
time. The unique multi-modal characteristics of PetroLuxus™ WC
interacts with the attached hydrocarbons on formation surfaces by
destabilizing the weak hydrogen bonding which causes the
hydrocarbons to be released from the oil-bearing formation. This
results in an increased surface water wetting and reduction of
surface tension allowing the oil to be recovered with higher
efficiency. Additionally, equipment metal surfaces and formation
surfaces contacted by PetroLuxus™ WC are coated with a polymeric
barrier thereby protecting metal surfaces that reduces corrosion
and increases the conductivity of mineral surfaces.
About Planet Resource Recovery, Inc.
Planet Resource Recovery, Inc. is the developer, manufacturer and
marketer of the PetroLuxus™ Technology Platform. PetroLuxus
products are Green Technologies that maximizes hydrocarbon recovery
in the Oil & Gas industry. Documented well history case studies
indicate deployment of PetroLuxus technologies has helped Oil &
Gas Operators reduce maintenance costs and decrease downtime and
increase oil recovery. AquaLuxus products are new products for the
Water industry. For more information visit:
www.planetresource.net.
About Hinto Energy, Inc. Hinto Energy, Inc. engages in the
exploration, acquisition, and development of oil and gas
properties. The company was formerly known as Garner Investments,
Inc. and changed its name to Hinto Energy, Inc. in September 2011.
The company was founded in 2011 and is based in Arvada,
Colorado.
Safe Harbor Statement Under The Private
Securities Litigation Reform Act of 1995: The statements in this
presentation that relate to the Company's expectations with regard
to the future impact on the Company's results from new products in
development are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The results
anticipated by any or all of these forward-looking statements may
not occur. Additional risks and uncertainties are set forth in the
Company's Annual Report for the year ended December 31, 2009, the
Company's Quarterly Report for the First quarter ended March 31,
2010. The Company undertakes no obligation to publicly release the
result of any revisions to these forward-looking statements that
may be made to reflect events or circumstances after the date
hereof, or to reflect the occurrence of unanticipated events or
changes in the Company's plans or expectations.
Contact: Planet Resource Recovery, Inc.
281-213-5266 Email Contact
Planet Resource Recovery (PK) (USOTC:PRRY)
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