SOURCE: Green Oasis Environmental

September 28, 2010 07:30 ET

GRNO's Wholly Owned Subsidiary, Custom Carbon Processing Inc., Provides Update on Injection Well Improvements and Montana Operations

EDMONTON, AB--(Marketwire - September 28, 2010) -  Green Oasis Environmental, Inc. (PINKSHEETS: GRNO), a Florida corporation, is pleased to announce its wholly owned subsidiary, Custom Carbon Processing Inc. (CCP), has made substantial improvements to its Michels Salt Water Injection well, located near Wibaux, Montana.

This injection well site has recently been upgraded and is currently accepting daily volumes of up to half of maximum capacity. Three additional tanks have been acquired and will soon be structured in to increase injection capacity. This well has the ability to inject up to 2,000bbls per day but without ample tank storage, trucks are not able to unload in a timely fashion. The recent addition of the three tanks will allow CCP the ability to achieve maximum injection capacity in the near future. Currently, injection rates run customers between $0.90 - $2.00 per barrel.

Further upgrades include a complete overhaul of the injection pump, maintenance on the pump house, and the installation of a new metering system. Mark Hurst, Montana's project manager for CCP, stated, "Having a commercial injection well in an area that is surrounded by unprecedented drilling activity in both the Dakotas and Montana is a matter of good fortune and timing. The site has a great history of reliability and performance which is why we pursued it. This will bring a steady revenue stream with minimal operating costs, allowing CCP to further expand its services to customers in this area."

With any barrels being injected comes a small percentage of oil, usually around 1%. Based on injection volumes hitting 75% of capacity over a one year period, this site alone could render an additional 5,475 barrels of saleable oil which would bring CCP and additional $300,000 plus in revenue.

In further news regarding Montana operations, CCP has already produced over 2,800 barrels of saleable oil. Three days remain before the completion of the second full month. Management projects an additional 500 barrels in the next three days which will bring September numbers to approximately 10 percent over last month's figures.

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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
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    Stephen Taylor
    (877) 207-3370
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