Plateau Mineral Development, Inc. Comments as EPA Weighs in on Fracking
September 29 2010 - 12:25PM
Plateau Mineral Development, Inc. (Pink Sheets:PMDP) issued a
statement today regarding an article published on September 24,
2010 by Dr. Kent Moors entitled, "At Last, the EPA Weighs in on
Fracking." (Source: www.oilandenergyinvestor.com)
Fracking is a process that results in the creation of fractures
in rocks; the goal of which is to increase the output of a well.
The most important industrial use is in stimulating oil and natural
gas wells. Gas is held inside the shale, so the rock needs to be
opened up before the gas can flow. That can be done by "moving
millions of gallons of chemical-laced water" infused with fracking
fluid under high pressure, which breaks, or "fractures" the rock,
thereby stimulating the release of the oil or gas. Some of the
chemicals used in fracking fluids are of primary concern, hence the
EPA's interest in the subject.
Dr. Moors states in his article that the EPA has decided to
conduct an official study of the process, which includes requesting
that major service companies voluntarily provide details about the
chemicals they use. He goes on to say that this move is important
to investors because clearing up environmental concerns will open
up shale gas drilling. (Source: www.oilandenergyinvestor.com)
Dr. Moors points out that concerns over chemicals have kept
drilling down, and until environmental concerns are addressed,
opposition to drilling will remain. (Source:
www.oilandenergyinvestor.com)
Robert Matthews, President of Plateau Mineral Development,
states, "Plateau's Dilution Solvent (DS), the catalyzing end
product of Plateau's tire converter system, is a great fracking
fluid. Since it is made using our tire converter system, we
currently have a virtual monopoly on it.
"Once the Dilution Solvent is used to 'thin' the oil, the oil
can be pumped and sold, generating new incremental revenues for the
pumping company."
About Plateau Mineral Development, Inc.:
Plateau Mineral Development has been in existence for over five
years.
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CONTACT: Plateau Mineral Development
Investor Relations
410-242-0763
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