World Oil group (Otc:WOGI) International Update
Our CEO Mr. Nathan Hall and our COO Dr. Samuel Armacanqui will be meeting in Lima, Peru with Petro Peru officials to discuss taking over an oil field that currently produces 3,000 bpd. Dr. Armacanqui’s historical performance leads him to believe the company will be able to bring this oil field from a 3000 bpd oil production to a 20,000 bpd production range in 24 months. Historical performance of similar fields have shown to further increases to 40,000 bpd production in an additional 24 months, utilizing EOR methods and protocols. WOGI’s team will also discuss all potential opportunities with its new remediation and EOR products.
WOGI has not been able to set the meeting for Oman because of the holy month of Ramadan and Eid Mubarak, but will seek to try to meet with Soltex, LLC officials towards the end of September to finalize negotiations.
WOGI’s CEO Nathan Hall spoke with AWAN’s Sales & Marketing Director Mr. James Gard and Principal Owner Mr. Nasir Awan today regarding the transfer of its existing 99 year contract as defined in agreement “Indefinite Time Period” with Environmental Protection Associates, Inc. directly to World Oil Group, Inc. This agreement is for the manufacturing of the AWAN PRA Oil Field Products. WOGI’s CEO proposed to Mr. Awan and Mr. Gard to further expand its relationship into Oil Field Services with the “Sustainable Oil and Gas Field” model. All agreed to explore the opportunities.
AWAN had entered into a mutually exclusive relationship with Environmental Protection Associates, Inc. to import and distribute all Environmental Protection Associates, Inc.’s products. AWAN has a strong business history in the import/export of commodities throughout the GCC (Bahrain, Saudi Arabia, Kuwait, Qatar and the United Arab Emirates) as well as Pakistan, China and Malaysia.
WOGI and AWAN will be working out the details over the next few weeks to expand its relationship in the Oil & Gas sectors in the entire AWAN footprint. WOGI Shareholders will be updated. http://www.awangroups.com/index.php http://www.awanpra.com/
WOGI Pennsylvania Update:
Oil continues to flow from Corse #2 with oil increasing daily, Corse #3 has come online as of last week and Corse #1 is still on water. Corse #4 and well and 5 (Corse #10) have been fracked and well Corse #5 has a pump jack that has been tested and ready to start.
Once Corse #2 exceeds 50% oil we will begin pumping well #5 (Corse #10). Well #6 is ready to be fracked in another 10 days then a new well will be fracked every 14 days until the last 5 have been fracked.
Currently, Corse #2 and Corse #3 have increased to 10% to 15% oil with the remaining water cut gradually decreasing. https://www.youtube.com/watch?v=6l3bbLgHAM4&feature=youtu.be
WOGI Administration Update:
Dr. Samuel Armacanqui will officially assume the role of COO of World Oil Group, Inc. on August 01, 2015. His 25 years of working in the field will certainly open doors for WOGI and its products lines. Dr. Sam has created “Sustainable Oil and Gas Field” model that has been taught through his seminars for many years. His classes have seated up to 300 people with an entry fee from US$2500.00 to US$3000.00 dollars per participant. After August 1, 2015, WOGI and Dr. Sam will file for a trademark on the “Sustainable Oil & Gas Field” model material and begin setting up seminars for Dr. Armacanqui to teach. This will be another revenue generator for WOGI.