Wineco Productions Inc. to Acquire Licensing Rights for Proprietary Oil and Gas Stimulation Technologyadmin
Wednesday, August 2nd 2006
Wineco Productions Inc. announced it has entered into a Letter of Intent to negotiate for a non-exclusive license of a cutting edge oil and gas perforation/blended rocket fuel exothermic down-hole oil and gas stimulation technology from Capital Energy.
David Mallard, Chairman of Capital Energy quoted, “My family had this technology tested by the Department of Energy at their naval facility in Casper Wy. An independent analysis of our technology tested a 2200% increase with the test well fluid level rising from 1250 barrels of fluid a day to a dramatic 24,800 barrels of fluid after igniting our system 30 feet of down-hole stimulation at the 5,600 feet level in sandstone reservoir.” He also added, “This is excellent in that the major stimulation companies are happy with increase levels of 200%, our technology tested 10 times better!” Read more about Capital Energy and David A. Mallard: www.specialguests.com/guests/viewnews.cgi?id=EEkyZpZVZyUaZRmEyH&tmpl=default
A complete signed and numbered independent evaluation may be found on the Department of Energy web site for complete review and consideration.
James Logan, President of Wineco Productions commented, “I concur with David’s view that the true market for the perforator and down-hole fracturing technologies is in the millions of dollars, as the oil and gas world is always ready to embrace more efficient technologies.”
About Wineco Productions Inc.,
Wineco is in the process of acquiring mining properties that show recoverable “Nobel Metals.” The various properties are for the most part, mines that have been worked in earlier times. Working these mines have left tons of “Tailings” that contain valuable material. The company will process the material that had already been mined and that material is referred to as “Tailings.” These tailings yielding better extraction of Noble Metals through advanced equipment. www.winecoproductions.com
Wineco recently announced that it has completed negotiations and has acquired the mine tailing from World Wide Consulting. The tailings consist of approximately 1 million tons and are very prolific in platinates. World Wide Consulting is the first of 5 companies that Wineco is in negotiations with. All companies have shown excellent results in their tailings. Wineco has proven its test in chemical extraction of platinum in addition to its previously proven micron gold extraction process.
This media release may contain forward-looking statements regarding but not limited to management, market potential, distributor success, market size, international sales, including statements regarding the intent, belief or current expectations of Wineco Productions Inc. and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could change actual results. Investors should refer to factors that could cause actual results to vary from current expectations and the forward looking statements contained in this media release.
Contact: Wineco Productions Inc James Logan President
954 575-7296 or 954 316-1326
Source: Wineco Productions Inc.