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Post by Franko10 ™ on Jul 27, 2005 16:28:15 GMT -5
Oretech Announces Cost Effective and Environmentally Friendly Method of Extracting Oil from Tar Sand
COLUMBUS, Ga. -- Oretech, Inc. (Pink Sheets:ORTE) announced today that the company is in the final stage of an agreement to obtain a limited license for a newly developed method of extracting oil from Tar Sand while being extremely environmentally friendly.
Could the price per barrel of oil be radically reduced? Could the US significantly reduce its dependency on oil imports?
H. Stephen Shehane, CEO of Oretech, believes that the solution exists now that will enable the US to utilize its own resources and reduce dependency on foreign energy sources. Shehane stated some of the highlights of this unique proprietary system:
--The proprietary system utilizes an unconventional heat source
--No depletion of precious natural gas or coal reserves
--No polluted water or chemicals are released into the environment
--The small amounts of water used in processing remain in a closed system
--Requires no chemical catalysts
--Extremely low consumption of electrical energy
--Recent tests, consistently extracted higher percentages of bitumen than published extraction ratios from any other extraction method
--Environmentally friendly
--The ability of the proprietary technology to also be used in refining crude oil is an additional potential benefit
Shehane believes that this proprietary system could rapidly revolutionize the present known systems for extraction of oil from tar sand and help reduce US dependency on foreign oil imports while significantly reducing the cost per barrel of oil and avoiding pollution of the environment.
Oretech, Inc. has developed a proof of concept model that represents a breakthrough in oil extraction from Tar Sand processing technology. Its business model is to be a leading edge developer and licensor of proprietary innovative technology that reduces the cost of extraction of noble metals (Gold/Silver/Platinum/Titanium) and energy resources (Oil Extraction from Tar-Sand and Shale). Focusing on reducing pollution of the environment, Oretech is known for its breakthrough materials processing technology, which extracts specific minerals from diverse feedstock and raw materials without the use of harmful chemicals or the emission of environmentally unsafe gases. For full details and links to all the company's products and services, please visit our homepage at www.Oretech.net.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
COPYRIGHT 2005 Business Wire
COPYRIGHT 2005 Gale Group
COLUMBUS, Ga. -- Oretech, Inc. (Pink Sheets:ORTE) announced today that the company is in the final stage of an agreement to obtain a limited license for a newly developed method of extracting oil from Tar Sand while being extremely environmentally friendly.
Could the price per barrel of oil be radically reduced? Could the US significantly reduce its dependency on oil imports?
H. Stephen Shehane, CEO of Oretech, believes that the solution exists now that will enable the US to utilize its own resources and reduce dependency on foreign energy sources. Shehane stated some of the highlights of this unique proprietary system:
--The proprietary system utilizes an unconventional heat source
--No depletion of precious natural gas or coal reserves
--No polluted water or chemicals are released into the environment
--The small amounts of water used in processing remain in a closed system
--Requires no chemical catalysts
--Extremely low consumption of electrical energy
--Recent tests, consistently extracted higher percentages of bitumen than published extraction ratios from any other extraction method
--Environmentally friendly
--The ability of the proprietary technology to also be used in refining crude oil is an additional potential benefit
Shehane believes that this proprietary system could rapidly revolutionize the present known systems for extraction of oil from tar sand and help reduce US dependency on foreign oil imports while significantly reducing the cost per barrel of oil and avoiding pollution of the environment.
Oretech, Inc. has developed a proof of concept model that represents a breakthrough in oil extraction from Tar Sand processing technology. Its business model is to be a leading edge developer and licensor of proprietary innovative technology that reduces the cost of extraction of noble metals (Gold/Silver/Platinum/Titanium) and energy resources (Oil Extraction from Tar-Sand and Shale). Focusing on reducing pollution of the environment, Oretech is known for its breakthrough materials processing technology, which extracts specific minerals from diverse feedstock and raw materials without the use of harmful chemicals or the emission of environmentally unsafe gases. For full details and links to all the company's products and services, please visit our homepage at www.Oretech.net.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
COPYRIGHT 2005 Business Wire
COPYRIGHT 2005 Gale Group
