SOURCE: Green Oasis Environmental

September 08, 2010 07:30 ET

GRNO Reports Montana Location Now Producing Over 3,000 Barrels in First Month of Production

Management Schedules Multiple Meetings With Some of the Largest Companies in the Area to Procure Slop Oil

EDMONTON, AB--(Marketwire - September 8, 2010) -  Green Oasis Environmental Inc. (PINKSHEETS: GRNO), a Florida corporation, is pleased to announce its wholly owned subsidiary Custom Carbon Processing Inc. (CCP) reports its Montana location is now in full production and has produced 3,062 barrels of oil in its first month of operations. Estimated CCP revenue can be calculated by multiplying total barrels produced by the spot oil price at time of sale.

The CCP website has been recently updated and includes pictures of its various operations including this newest facility. To view the new pictures of the Montana location, please click on the link: http://www.customcarbonprocessing.com/operations.asp

As previously reported, the Waldo Processing Facility is CCP's newest site in which processing operations are taking place. This site has been operating successfully since its inception, and has proven its capability to produce decent volumes of oil. Further additions are currently being made to this facility to ensure that processing operations can be maintained year round. These modifications include a concrete foundation with a sump as well as a building. This structure will house the equipment making it resistant to the weather allowing for year round production. This site is located in the Sidney, Mt. area, and in Richland County in which the Bakken formation has been found to run through.

"I am extremely pleased with the results of this facility so far, and am looking forward to continued production. Drilling activity is crazy in this area, and we are not wasting any time being a part of the action. To further support this facility, we have multiple meetings in place with some of the largest companies in the area to negotiate the handling of their slop oil needs. Multiple trips have been planned as well," stated VP of Research and Development Matt Campbell.

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

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.

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 first facility has proven its capabilities to process 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.

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 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.

Contact Information

  • Contact:

    Investor Relations
    Taylor Capitol, Inc.
    Stephen Taylor
    (877) 207-3370
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