Market Pulse Breaking News Alert for Tuesday, October 21, 2008: PRRY - Planet Resource Recovery Announces Successful Removal of Contaminates in Flow Back and Produced Water From Wells in the Barnett Shale Formation of Central Texas!
Market Wire, October, 2008
Market Pulse News Alert for this AM, Stocks to Watch are: Planet Resource Recovery, Inc. (PINKSHEETS: PRRY), Exxon Mobil Corp. (NYSE: XOM), Oracle Corp. (NASDAQ: ORCL) and Juniper Networks Inc. (NASDAQ: JNPR).
Investors need to be watching Planet Resource Recovery, Inc. (PINKSHEETS: PRRY) this AM! Planet Resource Recovery is the developer and manufacturer of the PetroLuxus(TM) family of chemical products. PetroLuxus(TM) is a proprietary, environmentally friendly chemical that dislodges hydrocarbons (oil) in practically all natural and man-made environments. PetroLuxus(TM) 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, down hole 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(TM) products. RADA Technologies, Inc. designs and engineers new mechanical processing equipment proprietary to PetroLuxus(TM) products while simultaneously providing fuel inventory management services reducing loss to increase gain for its customers. Oil Recovery Ventures, LLC deploys PetroLuxus(TM) 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 down hole treatment product -- PetroLuxus(TM) 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(TM) 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(TM) 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(TM) 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 the successful pre-treatment of flow back water originating in the Barnett Shale of Central Texas! The company also said the cost of current wastewater disposal processes is in excess of $1.2 billion per year to the industry! Investors should be watching this one closely!
Planet Resource Recovery, Inc. (PINKSHEETS: PRRY), is pleased to announce the successful pre-treatment of flow back water originating in the Barnett Shale of Central Texas. Building on successful testing beginning in early 2008 to remove barium from contaminated produced water from South America, Planet Resource has treated and successfully removed heavy metals and other solids from flowback water, produced water, and ground water runoff by initiation of an (EC) electrocoagulation process used in conjunction with its proprietary chemical solution, PetroLuxus(TM). Through the EC process PetroLuxus(TM) works on a nano scale to penetrate even the smallest particles removing entrained oil, suspended metals and other adulterates from the contaminated water. Once the pretreatment is completed, further treatment by distillation, evaporation or mechanical means will result in reclaiming the water for other uses.
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