DiamondFlo's Positive Environmental Results on Suncor Energy's Tar Samples Reported on by Nickle's Daily Oil Bulletin.HOUSTON -- Sequoia Interests Corporation (Pink Sheets:SQNC), developer of a new proprietary 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] chemical formulation, is pleased to announce that the company's recent preliminary laboratory tests on the potential efficiency and environmental benefits of DiamondFlo(TM) on the Canadian Tar sands Tar sands is a common name of what are more properly called bituminous sands, but also commonly referred to as oil sands or (in Venezuela) extra-heavy oil. They are a mixture of sand or clay, water, and extremely heavy crude oil. has been reported on by leading oil industry publication on the Canadian oil and gas industry, Nickle's Daily Oil Bulletin. Suncor Energy Inc., a leading developer of one of the world's largest petroleum resource basins - Canada's Athabasca oil sands The Athabasca Oil Sands are a large deposit of oil-rich bitumen located in northern Alberta, Canada. These oil sands consist of a mixture of crude bitumen (a semi-solid form of crude oil), silica sand, clay minerals, and water. , provided the tar samples for testing. Suncor's environmental commitment to reduce pollutants and the generation of wastes from its operations keeps the company striving for improvements in environmental performance and encourages innovation, recognizes achievement and supports research to this effect. Nickle's Daily Oil Bulletin reported on the lab results in the September 15, 2004 issue. Daily Oil Business interviewed executives at Sequoia, K. Daniel Efird of independent laboratory Efird Corrosion International and Dr. Jacob Masliyah, professor of Chemical Engineering and oil sands expert at the University of Alberta. The full article can be viewed at http://www.sqproducts.com/nickles_oil.htm The Canadian Tar Sands fields are recognized as the mother lode Mother Lode, belt of gold-bearing quartz veins, central Calif., along the western foothills of the Sierra Nevada. The term is sometimes limited to a strip c.70 mi (110 km) long and from 1 to 6 1-2 mi (1.6–10.5 km) wide, running NW from Mariposa. of hydrocarbons on Earth. Conservative estimates of oil reserves Oil reserves refer to portions of oil in place that are claimed to be recoverable under economic constraints. Oil in the ground is not a "reserve" unless it is claimed to be economically recoverable, since as the oil is extracted, the cost of recovery increases incrementally in the surrounding area of Fort McMurray, Alberta Fort McMurray, is a community in the Regional Municipality of Wood Buffalo, in the northeastern part of Alberta, Canada. Although it is commonly referred to and thought of as being a city, Fort McMurray is not incorporated. , Canada total 1.6 trillion barrels of oil, of which 330 billion barrels of oil are deemed recoverable. By comparison, Saudi Arabia Saudi Arabia (sä  `dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. has proven reserves of 262 billion barrels of oil. A primary difficulty in developing the Tar Sands region is extraction. The oil does not flow as crude from other oil producing regions but is more akin to a molasses-like sand. Separation of oil from the sands, coupled with the environmental hazards from extraction are major challenges to development. About Nickle's Energy Group Nickle's Energy Group was started in 1937 with the launch of the Daily Oil Bulletin, a newsletter about the Canadian oil and gas industry. The company now publishes newsletters, directories, magazines, Web sites, show guides, and provides databases on companies and drilling activity. Nickle's is the place to find out about the Canadian oil and gas industry. Nickle's Energy Group publishes the Daily Oil Bulletin, the Canadian Oil Register, Rig Locator, Nickle's P.O.S.T. Report, Energy Analects an·a·lects also an·a·lec·ta pl.n. Selections from or parts of a literary work or group of works. Often used as a title. [Greek analekta, selected things, from neuter pl. , Oil and Gas Statistics Quarterly, Petroleum Explorer, Petroleum Ownership Structures and New Technology Magazine. About Sequoia Interests Corporation Sequoia Interests Corporation is a developer and marketer of proprietary, cost-effective, biodegradable chemicals for the multi-billion dollar oil & gas industry. The company's cornerstone formulation, DiamondFlo(TM), has the unique ability of making oil flow by displacing oil adhered to a solid. DiamondFlo(TM) is currently undergoing final characterization analysis at the University of Houston's Chemistry Department and testing for additional applications at two internationally recognized petroleum industry research facilities. DiamondFlo(TM)'s primary target market is the enhanced oil recovery sector, both secondary and tertiary, and remediation of oil and gas toxins including heavy metals heavy metals, n.pl metallic compounds, such as aluminum, arsenic, cadmium, lead, mercury, and nickel. Exposure to these metals has been linked to immune, kidney, and neurotic disorders. . Company Web Site Address is -- http://www.sqproducts.com/ Product Web Site Address is -- http://www.diamondflo.com/ Forward-looking statements in this release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued testing of the Company's formulations, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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