United Energy Corporation Expands Product Sales with Trinidad's National Oil Company
March 25 2008 - 8:03AM
PR Newswire (US)
SECAUCUS, N.J., March 25 /PRNewswire-FirstCall/ -- United Energy
Corporation (OTC:UNRG) (BULLETIN BOARD: UNRG) (the "Company")
announced today that Petrotrin-Trinmar Operations, the National Oil
Company of Trinidad, following its initial success in treating oil
wells with the Company's KX-100 product, has ordered from United
Energy Petroleum Services Limited, the Company's distributor in
Trinidad, an additional shipment of KX-100 to treat more of its
wells. The KX-100 formula cleans wells of paraffin and asphaltene
and substantially decreases oil sludge build-up, resulting in a
substantial increase in production. Petrotrin-Trinmar experienced a
50% increase in production in the wells it initially treated with
KX-100. KX-100 is a paraffin and asphalt dispersant that eliminates
oil sludge in wells thus increasing overall oil production. At
Petrotrin-Trinmar's request, United Energy Petroleum Services
Limited is commencing field trials utilizing the Company's Scale
Inhibitor and Scale Removers along with Corrosion Inhibitors.
Approval of these products in Trinidad will open opportunities to
the Company to solve other petroleum related problems within its
existing client base. Ronald Wilen, CEO of the Company stated, "We
are pleased that Petrotrin-Trinmar has validated the substantial
increase in oil production through use of our KX-100 product. The
environmentally safe products offered by United Energy will have a
positive impact on the bottom line of the customers we service
through increased production and capacity. Oil companies are
looking for solutions to increase production in an environmentally
safe way. That's good news for United Energy and it's good news for
the consumer." Forward-looking Statements Except for the historical
information herein, the matters discussed in this news release
include forward-looking statements that may involve a number of
risks and uncertainties. Actual results may vary significantly
based on a number of factors, including, but not limited to, risks
in the product and technology development, market acceptance of the
new products and continuing product demand, the impact of
competitive products and pricing, changing economic conditions,
including changes in short-term interest rates and foreign currency
fluctuations and other risk factors detailed in the Company's most
recent periodic reports, pursuant to the Securities and Exchange
Act of 1934, and other filings with the Securities and Exchange
Commission. United Energy Corporation Contact: Robert Guinta (201)
842-0288 DATASOURCE: United Energy Corporation CONTACT: Robert
Guinta, +1-201-842-0288, Web site: http://www.unitedenergycorp.net/
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