SOURCE: Green Oasis Environmental Inc.

February 17, 2010 08:00 ET

Green Oasis Environmental Inc. Records $3 Million of Pre-Sold Oil From Shell Trading (US) Company

Shell Trading Maintains Agreement to Continue Purchasing Custom Carbon Processing Inc.'s Slop Oil Throughout the United States

EDMONTON, AB--(Marketwire - February 17, 2010) -  Green Oasis Environmental Inc. (PINKSHEETS: GRNO) is pleased to announce Custom Carbon Processing Inc. (CCP), a wholly owned subsidiary of Green Oasis, has recorded $3 million of pre-sold oil from Shell Trading (US) Company. This oil will be sold from CCP's slop oil reserves once processed. This amount of stored slop oil is a volume of approximately 70,000 barrels, which are located at CCP's various tank farms in Wyoming and Montana.

Shell Trading (US) Company will complete the purchase of this oil once the estimated 70,000 barrels of slop oil is processed; CCP estimates 60% saleable oil from their stored slop. Green Oasis Environmental Inc. (GRNO) anticipates the processing, sale, and recording of the additional $3 million in revenue by late spring. This is part of Shell Trading's ongoing 4 year business relationship with CCP. Shell Trading has already purchased near to $5 million of slop oil from CCP and maintains their commitment to increase their purchases as CCP continues their expansion nationwide.

Shell Trading (US) Company is a corporation that acts as the single market interface for Royal Dutch Shell companies and affiliates in the United States. Shell Trading is one of the world's largest energy trading companies. The company buys and sells more than five million barrels per day of hydrocarbons and is one of the largest physical traders of hydrocarbons in the United States.

"This is an exciting year for us as we will set a new benchmark with these volumes to be processed at the commencement of spring operations; this along with the anticipation of our April launch of our Mobile Processing Technology will ensure a banner year for us. CCP also has been working on several large contracts that will supply loads of slop oil in which to keep production growing steadily at an upward climb. We are in the middle of making the final tweaks to our Mobile Processing Units design before having them manufactured; the demand for these units is very high, and we want to make sure we get it right the first time," stated Matt Campbell - V.P. of research and development for CCP.

About Green Oasis Environmental Inc.

Green Oasis Environmental, Inc. (PINKSHEETS: GRNO) is dedicated to acquiring and providing access to world class technologies available today and has chosen to focus its efforts on seeking acquisitions of technology and/or operations concerning the remediation of slop oil, waste engine oil, and tank bottom oils. GRNO has every intention of becoming the single best option for reclaiming oil to pipeline specification from these waste products. Through the Company's state of the art technology, GRNO will be able to process these waste products at one of their facilities or at a customer's site by way of implementing its portable processing technology.

About Custom Carbon Processing Inc.

Custom Carbon Processing Inc. (CCP) is a Wyoming based Company formed in 2006 that has been operating in the Gillette, Wyoming area since its inception. Through the technology that CCP has developed, CCP is able to process slop oil unrefined, non saleable oil) into pipeline standard crude. Its current facility has the capabilities of processing up to 1,500 barrels of slop oil with a conversion ratio of approximately 50% to finished crude. Through its ongoing contract, CCP sells the processed slop oil to Shell Trading (US) Company (www.shell.us). Shell Trading (US) Company is a corporation that acts as the single market interface for Royal Dutch Shell companies and affiliates in the United States with offices in Houston, TX (headquarters); Dallas, TX; Denver, CO; Midland, TX; and San Antonio, TX; and has an affiliated Shell Trading company in Calgary, Alberta. Shell Trading buys and sells more than five million barrels per day of hydrocarbons, is one of the largest physical traders of hydrocarbons in the United States and one of the world's largest energy trading companies.

In addition to its Wyoming facility, CCP is currently planning expansion of its processing technology into Montana and North Dakota, home of the Bakken (www.bakkenblog.com) and Three Forks plays, said to be two of the largest oil plays in North America.

For more information on Green Oasis Environmental, Inc. or Custom Carbon Processing Inc., please visit www.greenoasisenvironmental.com or contact Investor Relations at (877) 207-3370.

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Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.

The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.

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