SOURCE: Green Oasis Environmental

September 23, 2010 07:30 ET

Green Oasis Environmental, Inc.'s (GRNO) Wholly Owned Subsidiary, Custom Carbon Processing, Inc. (CCP), Increases Annual Revenue Forecasts at Eastern Texas Location

Location Anticipated to Generate Annual Revenues of US$6 Million

EDMONTON, AB--(Marketwire - September 23, 2010) -  Green Oasis Environmental, Inc. (PINKSHEETS: GRNO), a Florida corporation, is pleased to announce that its wholly owned subsidiary Custom Carbon Processing, Inc. (CCP) has increased their forecast for annual revenue and gross profit at their Eastern Texas location.

Management now estimates the Texas project could generate total annual revenues of US$6 million per year. Approximately one-third of this amount, or US$2 million per year, will flow through to the Company as gross profit. These numbers are based on operating 24 hours a day, 21 days a month. Management anticipates processing approximately 800 barrels per day (BPD) and 16,800 barrels per month (BPM). CCP's final permit is anticipated to arrive shortly. Once final permit is received, management will bring in slop oil for processing.

Matt Campbell, V.P. Research and Development of Green Oasis, states, "During my most recent trip to our East Texas location, I was impressed by the amount of oil hauling trucks in the area. This location has been stated to be one of the top 3 oilfields in North America, with over 600 drilling rigs. There is definitely a lot of potential for great business."

Mr. Campbell further stated, "We anticipate being up and running in the near future and look forward to featuring our new processing equipment. This state of the art equipment has the ability to process oil at an estimated rate of up to 45 gallons per minute (GPM). Of course this is dependent upon the type of product being processed."

About Green Oasis Environmental Inc.

Green Oasis Environmental, Inc. (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.

Green Oasis -- "Green today for a stronger tomorrow."

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.

Forward Looking Statements/Safe Harbor

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 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.

Contact Information

  • Contact:
    Investor Relations
    Taylor Capitol, Inc.
    Stephen Taylor
    (877) 207-3370
    Email Contact