EGPI Firecreek, Inc. Confirms Diplomatic Talks with Turkey in Progress / Oil Pipeline.SCOTTSDALE, Ariz. -- Company Has Signed a Significant Letter of Intent Regarding Pipeline Project EGPI Firecreek, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EFCR EFCR Experimental Fast Ceramic Reactor ) announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Firecreek Petroleum, Inc., is progressing with several international pipeline engineering and construction companies in preparation of a design concept for The Sahara Group pipeline project in Turkey. The design concept is scheduled for discussion at the mid-November technical meeting in Ankara with Turkish officials. As recently announced, Firecreek is the Operations partner of The Sahara Group multi national consortium which is also currently working with the Turkish government to develop an alternative to the dangerous and environmentally sensitive Bosporus Straits shipping route (Istanbul, Turkey). The concept will employ and construct a state of the art pipeline system from the Black Sea to the Aegean Sea Aegean Sea, Gr. Aigaion Pelagos, Turkish Ege Denizi, arm of the Mediterranean Sea, c.400 mi (640 km) long and 200 mi (320 km) wide, off SE Europe between Greece and Turkey; Crete and Rhodes mark its southern limit. . The two main goals of the pipeline are to support the increased transfer of Oil (and tanker stand by time) from the rapidly increasing production from Russian Petroleum Resources for which EFCR has recently announced significant developments; while also significantly reducing the environmental impact and risk associated with the current Oil tanker traffic through the very small and heavily populated Bosporus Shipping Channel. Currently there are some 8,500 tankers passing through this very small shipping lane per year which is forecast to rise to as much as 14,000 ships in the next few years to support the projected increase in supply from the region. The Sahara Group pipeline concept is under a letter of intent with the Turkish governments Energy Ministry. Management believes through the planned use of state of the art technological applications with its current entry into recent select world oil market opportunities in Russia, Libya, Romania, Turkey and the Sudan coupled with the hard work of the Firecreek team will bring tremendous growth for the Company and upon completion, long term ongoing revenues from participation in this project. EGPI Firecreek Inc. through its Firecreek unit is focused on oil production with an emphasis on acquiring oil fields This list of oil fields includes major fields of the past and present. The list is incomplete; there are more than 40,000 oil and gas fields of all sizes in the world[1]. with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis. Management has over 25 years of experience and has been involved in oil and gas operations in 7 U.S. states and 13 countries worldwide. Other companies in the oil sector include Marathon Oil Marathon Oil Corporation NYSE: MRO, based in Houston, Texas, is a worldwide oil and natural gas exploration and production company. Principal exploration activities are in the United States, Norway, Equatorial Guinea, Angola and Canada. Inc. (MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), Pantina Oil and Gas Inc. (POG POG Pediatric Oncology Group POG Player of the Game POG Price of Gold POG Paths of Glory (board game) POG Pot of Gold POG Priorities of Government POG Planogram POG Psychological Operations Group POG Piece of Garbage ), Frontier Oil Frontier Oil NYSE: FTO, begun in 1949 as Wainoco Oil, is an energy company with its headquarters located in Houston, TX and its subsidiary company, Frontier Refining & Marketing, Inc., located in Denver, CO. Inc. (FTO Noun 1. FTO - a political movement that uses terror as a weapon to achieve its goals foreign terrorist organization, terrorist group, terrorist organization ) and Cabot Oil Cabot Oil & Gas Corporation is an independent petroleum and natural gas exploration and production company based in Houston, Texas (United States). Cabot Oil & Gas Corporation produced 2. and Gas Inc. (COG). For more information about Energy Producers, Inc. go to: www.energyproducersinc.com Firecreek Petroleum: www.firecreek.us InterOilGas: www.interoilgas.com David Christian http://davidchristian.us/bio.asp This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of EGPI Firecreek Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Energy Producers Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Energy Producers' filings with the Securities and Exchange Commission. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion