TOPEKA, Kan., Dec. 8, 2011 /PRNewswire/ -- Nikron Technologies,
Inc. (OTC Pink: NKRN) is pleased to announce that it is planning an
immediate launch of a comprehensive recovery program for heavy oil
which will create a solid foundation for exponential growth for the
Company with a corresponding increase in shareholder value.
The operations of Nikron center on the recovery of heavy oil.
Operators around the world, especially those in the U.S., have long
been looking to heavy oil production to prop up the nation's
declining oil output.
Heavy oil is a vast U.S. resource that has been underexploited
because of the difficulty of production. The U.S. sits on three
percent of the world's proven oil reserves and accounts for more
than a fifth of global consumption.
In the U.S. alone there is a rich resource to be tapped in the
form of abandoned wells, which experts estimate could hold as much
as 377 billion barrels - more than double the cumulative U.S.
production to date. In the U.S., the Department of Energy (DOE) has
estimated that full use of "next generation" EOR in the U.S. could
generate an additional 240 billion barrels (38 km3) of recoverable
oil resources. To put that in prospective, that equates to
approximately $20,000,000,000,000
($20 trillion) in potential revenues
just in the U.S. alone. If Nikron carves out just a 1/1000th of a
percent business, that is worth more than $200,000,000 annually at today's prices.
The Nikron Enhanced Oil Recovery System (NEORS) is targeted for
deployment in the U.S. as the U.S. is littered with oil fields that
have been drilled, had oil extracted, and then been abandoned
without the field's full potential being realized. Experienced oil
men see the significant level of potential in shifting their focus
away from exploring new fields and towards extracting more oil from
fields that had already been drilled.
Most of the current and historical oil production has come from
conventional reservoirs, which contain oil that is sufficiently
viscous to be pumped utilizing well pressure and non-specialized
pumps. Heavy oil is more viscous (thicker, like molasses) than
conventional oil so is much more difficult to extract from the
ground. Currently, the volume of heavy oil production is only a
fraction of the production from conventional oil. However, going
forward, it is almost certain that the world's dependence on heavy
oil production will increase due to the massive resource base of
heavy oil and projected increased demand from Asia and developing countries.
Injection of steam has historically been the most widely applied
EOR (enhanced oil recovery) method for the production of heavy oil.
Heat from steam or hot water dramatically reduces the viscosity of
oil, making it flow more readily.
Nikron has created and developed a proprietary steam injection
thermal recovery technology that renders this method to new
heights.
The Company will employ this "super heat" thermal process in its
oil production. This breakthrough technology is only now being
unveiled after extensive testing. This revolutionary methodology
makes the production of heavy hydrocarbons a reality.
The Company will first deploy the technology in the U.S. and has
identified several opportunities in the states of Kansas, Missouri, Oklahoma, Colorado, Wyoming, Texas and California that it will target for initial
operations.
It has been said: "There are several methods of heavy oil
extraction currently, but as the heavy oil industry is still in its
beginning stages, there is not a de facto 'standard' of heavy oil
extraction for the industry - one that is low cost and efficient,
that can be applied across most heavy oil deposits. The question
that is most relevant for investors is: when will there be a
dominant, patented technology for the development of heavy oil
reserves? And secondly, if so, which firm will capture and patent
this technology?"
Max Gaither, Nikron's Secretary,
said: "We believe the technology answers that question and affords
a way for Nikron to create its own success story. Some of the most
successful companies are those which have selected and identified a
niche within a large market or specific field, and then become the
leader in that particular specific. The Company believes it is
uniquely positioned to become a preeminent operator in its
industry. In the world of business, initial discoveries have led to
the birth of empires and unprecedented wealth for those
entrepreneurs and investors who got in first. Now we're presented
with the same kind of unique opportunity. We intend to take full
advantage of it."
ABOUT NIKRON TECHNOLOGIES:
Nikron Technologies, Inc. (OTC Pink: NKRN) is a natural resource
company with the specific purpose of conducting enhanced oil
recovery operations. The Company has developed breakthrough
proprietary enhanced oil recovery technology and has an aggressive
development vision focused on utilization of this scientific
machinery (vehicle) to extract additional oil from proven, mature
oil fields, thus negating the high and risky costs associated with
drilling and exploration. The innovative Nikron technology offers a
different and exciting approach to oil development which has the
potential to be "game changing" and propel the Company to the
forefront of the industry. For more information please visit
Nikron's website at www.nikrontech.com.
FORWARD-LOOKING DISCLAIMER
This summary contains forward-looking statements within the
meaning of the "safe harbor" provision of the Private Securities
Litigation Reform Act of 1995. These statements address future
events and conditions concerning the Company's business plans. Such
statements are based on management's current expectation and are
subject to a number of factors and uncertainties, such as future
economic conditions and changes in anticipated revenues and costs,
which may cause actual results to differ materially. The Company
expressively disclaims any future obligation or undertaking to
update or revise any forward-looking statements contained herein.
Investors and potential investors should independently investigate
and fully understand all risks before making investment
decisions.
For more information contact us at:
David Longs
Nikron Technologies, Inc.
3101 Southwest Shadow Lane
Topeka, KS 66604
Phone (785) 357-1055
Fax (785) 357-1105
info@nikrontech.com
SOURCE Nikron Technologies, Inc.
