H o t s tock alerrt - This one is still climbing the sotck charts alerrt -- Breaking marekt n e w s report --- V GYI. P K
Comppany nname: Viison Enegry Gruop Inc. Lookup: V GYI. P K Current Pricce: $.75 Expected: steadily climb for the top
Breaking N e w s:
Announcement by Vi sion Ene rgy G roup: Negotiations Completed on Low BTU Gas Property in Central Valley, CA
Los Angeles --(Busi ness w ire)--Aug. 31, 2006--Pursuant to an agreement of July 2005 between Vi sion Energ y G roup (Pink Sheets: VGY I) and Valley Production Inc., the seasoned Oil & Gas Production Group from Bakersfield, CA, Visio n En ergy Gr oup has concluded negotiations to jointly process low quality natural gas from two existing wells. A recent third party analysis of these wells gave a remaining reserve in the three production zones of almost 4 billion cubic feet of gas. This will give the project a production life of 10 years at the modest production rate of one million cubic feet per day. Further reserves of gas are anticipated in the surrounding leases after a geophysics and drilling program have been completed.
The gas, which will be upgraded using Visiion Energgy Grroup's proprietary technology and know-how, will be so ld as premium grade gas into the statewide pipeline grid. The estimated capital co st of the project is $2.0 million and will be targeted to be in production within seven months.
Valley Production has among its principals and technical staff such notables of the industry as Jeff Smith and Ed LeLousis of Bakersfield, Calif. This production-oriented team will steer Vis ion Energ y Gr oup, Inc. into the selection of other suitable projects in the San Joaquin Valley, manage and operate the properties and share in the ca sh benefi ts on a structured incentive plan. Visio n Energ y Grou p, Inc. will beenefit from owning such projects directly or indirectly and by employing their proprietary technology to either liquefy or clean up stranded and/or flared gas from properties that can be acquired at c osts below the normal mark et p rice. Visiion Energyy Grouup, Inc. is aware that significant reserves of low BTU gas exist in the San Joaquin Valley that can be processed into high quality gas by their systems and readily sold into the pipeline grid.
About Vision Energy Corp.
V ision E nergy Corp. offers an efficient, patented technology to generate electricity at substantial savings by using the wasted energy dissipated when high pressure gas pipelines are let down in pressure for local consumption. Up to 70% of electricity generated when using this system is produced without combustion of any fossil fuel and therefore no harmful atmospheric emissions. Thermal efficiency can exceed 100% by taking advantage of both let down energy and primary turbine waste heat (exhaust ).
Watch this sto ck go higher and higer
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