KX-91 Successful in Tank Remediation Project In Nigeria
19 August 2008 - 10:52PM
PR Newswire (US)
SECAUCUS, N.J., Aug. 19 /PRNewswire-FirstCall/ -- To further
substantiate the true potential of United Energy's KX-91, we are
pleased to announce the successful remediation of Tank 19 at the
Nigerian Agip Oil Company (NAOC) Brass facility in Nigeria. For a
prolonged period of time Tank 19 has been mostly off line due to
excessive sludge build-up. Faced with the time consuming and the
environmental issues associated with other methods of sludge
treatment, AGIP selected KX-91, which has been approved by the
Nigerian Department of Petroleum (DPR), as a sludge remediation
chemical. After a six day regiment of KX-91 administered by our
partner in Nigeria -- (Facility Solutions Limited), the tank was
certified to be free of sludge. In addition to protecting the
environment, AGIP actually benefited by recovering 25,780 BBLS of
oil trapped in the sludge that may certainly have been lost using
any other method of treatment. The process more than paid for
itself considering the value of crude oil in the world market
today. With a repeated achievement by Facility Solutions Limited
using KX-91 (as in similar project with NAOC in 2005) there is no
longer any doubt about the efficacy of the chemical. DPR is also
looking at the issue more closely with a view to recommending the
chemical to other oil companies in the country with similar
challenges in containing the menace of sludge. KX-91 provides oil
industry operators with the combined benefit of recovering wasted
sludge and avoiding unwholesome dumping practices which damage the
environment. Facility Solutions Limited is hoping to extend its
operations further by engaging other companies using the proven
tested KX-91 chemical. Forward-looking Statements Except for the
historical information herein, the matters discussed in this news
release include forward-looking statements that may involve a
number of risks and uncertainties. Actual results may vary
significantly based on a number of factors, including, but not
limited to, risks in the product and technology development, market
acceptance of the new products and continuing product demand, the
impact of competitive products and pricing, changing economic
conditions, including changes in short-term interest rates and
foreign currency fluctuations and other risk factors detailed in
United Energy's most recent periodic reports, pursuant to the
Securities and Exchange Act of 1934, and other filings with the
Securities and Exchange Commission. United Energy Corporation
Contact: Peter Rappaport (212) 542-8201 DATASOURCE: United Energy
Corporation CONTACT: Peter Rappaport, +1-212-542-8201, , for United
Energy Corporation Web Site: http://www.unrg.net/
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