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Article: Planet Resource Recovery, Inc's Oil Recovery Ventures Enters into Negotiations to Acquire Working Interest in Oil Fields.
- Article from:
- Business Wire
- Article date:
- June 30, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOUSTON -- Planet Resource Recovery, Inc. (PINK SHEETS:PRRY), is pleased to announce that the company's wholly-owned subsidiary, Oil Recovery Ventures, LLC has entered into talks to acquire a working interest in oil production wells west of Houston. The selected wells open a potentially new revenue stream for the company through participation in production utilizing the PetroLuxus(TM) family of products for oil well formation stimulation and clean up to maximize efficiencies and revitalization in the oil patch. Planet Resource Recovery will issue investor updates on the progression of these negotiations.
Recent deployment of PetroLuxus(TM) MMMF and PetroLuxus(TM) ...
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