Apollo Resources Purchases Natural Gas Processing Equipment.DALLAS -- Apollo Resources International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AOOR AOOR Annals Of Operations Research ) today announced that it has purchased natural gas processing Natural gas processing plants, or fractionators, are used to purify the raw natural gas extracted from underground gas fields and brought up to the surface by gas wells. The processed natural gas, used as fuel by residential, commercial and industial consumers, is almost pure equipment from Neptune Leasing, Inc., a Texas corporation. The equipment includes six nitrogen reduction units and two cryogenic processing units. Nitrogen reduction units condition natural gas streams that contain elevated levels of inert gases in order to conform to pipeline transportation specifications. Similarly, cryogenic processing units reduce the BTU Btu: see British thermal unit. (British Thermal Unit British thermal unit, abbr. Btu, unit for measuring heat quantity in the customary system of English units of measurement, equal to the amount of heat required to raise the temperature of one pound of water at its maximum density [which occurs at a temperature of 39. ) content of natural gas by removing the heavier hydrocarbon elements to meet pipeline specifications. Apollo Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Wayne McPherson said the Company intends to deliver a fully reconditioned re·con·di·tion tr.v. re·con·di·tioned, re·con·di·tion·ing, re·con·di·tions To restore to good condition, especially by repairing, renovating, or rebuilding. and operational nitrogen reduction unit and a fully reconditioned and operational cryogenic processing unit to Apollo's Hospah field in New Mexico. "The gas reserves in the Hospah field have elevated levels of nitrogen and have a rich BTU content," he said. "This equipment is critical in our ability to produce and provide natural gas from this field." Dennis McLaughlin, Apollo CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "We believe this development represents a significant step toward developing our natural gas assets and executing our business plan. Given the price environment of domestic natural gas, we are currently focusing on additional opportunities, in particular those that can increase the value and efficiency of our New Mexico and Oklahoma assets." Apollo Resources International is a public energy company focused on the acquisition and development of upstream oil and natural gas production assets. Additionally, the Company evaluates and develops existing and future alternative energy sources. This press release may contain "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. |
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