Amnis Energy Inc. Announces Booster Added At Morton Oil Field.Business Editors Amnis Energy Inc. (Pink Sheets:AMNI) Amnis Energy announces a Hurricane booster compressor has been obtained and has arrived on the Morton LTO (Linear Tape Open) A family of open magnetic tape standards developed by HP, IBM and Quantum (formerly the Certance subsidiary of Seagate) that are licensed to third-party vendors. LTO cartridges contain a memory that stores historical usage data. pilot test site to augment the existing IR compressor. For the past two months the IR compressor has been supplying air into the injector at a rate of 1,400 SCF SCF Service Canadien des ForĂȘts (Canadian Forest Service) SCF Stem Cell Factor SCF Scientific Committee on Food (European Commission) SCF Service Canadien de la Faune per day at 350 psi. This new booster compressor is capable of achieving an air injection rate of 1.3 million cubic ft per day (SCF) when coupled with the existing Ingersoll- Rand 350 psi/900cfm compressor. Spontaneous ignition within the reservoir has occurred as evidenced by testing of the gases at the two producing wells. The new Hurricane booster will enhance ignition, shorten the response time and ultimately increase oil production. As of today the compressor system (Hurricane and IR) are now set up to operate 24 hrs / day 7 days/week. About Amnis Energy A technology driven oil Company increasing its reserve base by acquiring and re-developing properties through exploiting an Enhanced Oil Recovery Enhanced Oil Recovery (EOR) is a generic term for techniques for increasing the amount of oil that can be extracted from an oil field. Using EOR, 30-60 %, or more, of the reservoir's original oil can be extracted [1] compared with 20-40% [2] process known as Low Temperature Oxidation (LTO). LTO is the process of injecting air into a reservoir containing high gravity oil in order to achieve ignition with the residual oil residual oil n. The low-grade oil products that remain after the distillation of petroleum, used in adhesives, roofing compounds, and asphalt manufacture. Noun 1. in the reservoir. Heat from the ignition consumes the oxygen in the injected air creating a "flue gas" which re-pressurizes the reservoir and displaces the oil to the producing wells increasing oil flow. LTO is being successfully applied by, BP Amoco, Westport Resources - (WRC WRC World Rally Championship (auto racing) WRC World Radiocommunication Conference WRC Water Resource Center WRC Women's Resource Center WRC Welding Research Council WRC Water Research Commission (South Africa) : NYSE NYSE See: New York Stock Exchange ) and Continental Resources respectively. For further information contact Investor Relations Investor relations The process by which the corporation communicates with its investors. Toll Free: 877/220-4390. This release includes forward-looking statements and projections, made in reliance on the safe harbour provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The partnership has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. While the partnership makes these statements and projections in good faith, neither the partnership nor its management can guarantee that the anticipated future results will be achieved. Reference should be made to the partnership's (and its affiliates') Securities and Exchange Commission filings for additional important factors that may affect actual results. |
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