SOURCE: MCW Energy Group

MCW Energy Group

May 29, 2015 09:30 ET

MCW Energy Group to Present Its Corporate Story at LD Micro Conference in Los Angeles, Wednesday, June 3rd, 2015

TORONTO, ON--(Marketwired - May 29, 2015) - MCW Energy Group Limited, ("MCW"), (TSX VENTURE: MCW) (OTCQX: MCWEF), a Canadian-registered holding company involved in the development of environmentally-friendly oil sands extraction technologies, through MCW Oil Sands Recovery, LLC, ("MCW Oil Sands") today announced that they will participate in the upcoming LD Micro Conference to be held June 1st to June 3rd, in Los Angeles, California.

Dr. R. Jerry Bailey, MCW's Chief Executive Officer, will be presenting the MCW Corporate Story, as well as the most recent accomplishments of the Company as it transitions from a successful oil sands technology operation into an oil production facility at America's first environmentally-friendly oil sands project located in Vernal, Utah. Held at the Luxe Hotel, 11461 Sunset Boulevard in Los Angeles, the MCW Presentation is scheduled for Wednesday, June 3rd, at 8:30 AM PST in Track Four of the hotel's Track Room Presentation facilities. For interested media inquiries, Dr. Bailey will be available on Wednesday, June 3rd for one-on-one interviews which can be arranged by contacting Paul Davey, Communications Liaison at 1-800-979-1897 (Ext. 3) or 1-778-389-0915. Dr. Bailey has over 50 years' experience in the international oil and gas industries, including a position as President, Exxon, Arabian Gulf. He has spoken internationally on oil issues, most recently in China, where he appeared on a nationally televised energy summit program. His most recent video, "The Price of Oil," may be viewed on MCW's website: (www.mcwenergygroup.com/presentations ) MCW shareholders, clean energy sector investors, analysts and traders are cordially welcome to attend this interesting presentation.

After successfully proving up the Company's breakthrough oil sands extraction technology on October 1st, 2014, MCW is now moving into Phase Two which will include an expanded production capacity with a 5,000 bbl/day extraction plant on its lease site. Funding negotiations are currently being held with several key merchant banks and major investor groups. The Company is also exploring several joint venture opportunities with several overseas companies seeking environmentally-friendly oil sands extraction technologies. MCW estimates its production costs at sub- $ 30.00 bbl, which the Company anticipates will insulate profitable return levels despite slumping world oil prices. 

About LD Micro Conference:
Now in its fifth year, the LD Micro Conference has become one of the west coast's most popular investor forums for self-directed investors The Conference provides information on selected public companies that in the opinion of LD Micro, have great investment potential. The conference will host over 230 companies in the small and micro cap categories, bringing innovative companies together with a tight knit loyal investor base. The audience has traditionally included progressive private investors, fund managers, analysts and traders.

About MCW Energy Group Limited:
MCW Energy Group Limited is focused on value creation as a developer of proprietary technologies for the extraction of oil from oil sands deposits at its lease located in the Asphalt Ridge region of the Uinta Basin of Utah, USA. MCW's management team is comprised of individuals who have extensive knowledge in both conventional and unconventional oil and gas projects and production, both in upstream and downstream industry sectors.

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Forward-looking statements in this news release, include, but are not limited to the commercial viability of the technology and the extraction plant, economic performance and future plans and objectives of MCW. The new extraction plant in discussion here, if commercially viable is anticipated to produce 2,500 bbl/day. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although MCW believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, MCW disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • For more information, please contact:
    MCW Energy Group Limited
    Paul Davey
    Communications
    Tel: +1 (800) 979-1897 (Ext. 3)
    Cell: 1-778-389-0915
    Email: pdavey@mcwenergygroup.com