Interline Resources Resumes Gas Plant Operations.Business Editors/Energy Writers ALPINE, Utah--(BUSINESS WIRE)--Feb. 7, 2002 Interline in·ter·line 1 tr.v. in·ter·lined, in·ter·lin·ing, in·ter·lines To insert between printed or written lines. in Resources Corp. ("Interline") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : IRCE IRCE Internet Retailer Conference and Exhibition (Chicago, IL) ) Thursday announced that reconstruction of its Well Draw gas plant located 20 miles north of Douglas, Wyo. has been completed and full operations have resumed. The plant, which processes natural gas and fractionates liquids, suffered a catastrophic fire on Aug. 11, 2001. The facility has been the main source of revenue for the company during the last five years. Brice Bergquist, president and 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. of Interline Resources stated, "We applaud the exemplary efforts of our employees and contractors in rebuilding the plant in five months, while working in the harsh Wyoming winter weather. We have appreciated our customers' efforts in working with us during this time of limited service." Well Draw gas plant is a full-service regional natural gas liquids fractionator with a production capacity of 3,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. . The plant is now operating at its seasonal volume throughput. Interline Resources Corp., also announced that the official opening of the Ecolube used oil refinery located in Madrid, Spain was held on Jan. 9, 2002. More then 500 people attended the opening -- with the keynote speaker being the Spanish Minister of Environment. The Minister announced that a new Spanish law would be enacted in 2002 to give used oil refiners precedent to the supply of used oil over burners. This directive will open the possibility for more used oil plants in Spain. Note: The statements released by Interline that are not purely historical are considered to be forward-looking statements within the meaning of 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 forward-looking statements invoke risk and uncertainties and the company's actual results could differ materially from those in such forward-looking statements. Other risk factors are discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release. |
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