WSCE NEWS OUT TODAY. The Ellycrack testing process discussed in this press release upgrades heavy and medium oil to light oil. These tests run over in Europe have been completed and are not only successful, but better than expected.
WSCE-success-
(COMTEX) B: Wescorp Successfully Concludes Ellycrack Testing for Major Oil
Producers & Raises Upgrading Capacity to Above 30 deg
B: Wescorp Successfully Concludes Ellycrack Testing for Major Oil Producers & Ra
ses Upgrading Capacity to Above 30 degrees API ( CCNMatthews )
EDMONTON, ALBERTA, Dec 13, 2005 (CCNMatthews via COMTEX) --
Wescorp Energy Inc. (OTCBB:WSCE) is pleased to announce that it has
successfully completed an initial schedule of tests to demonstrate the
patented Ellycrack heavy oil upgrading process for several major energy
producers, with better than expected results. It is also pleased to announce
details to participate in a related conference call as outlined below.
The recently expanded schedule had Wescorp and joint-venture partner
Ellycrack A/S process extra-heavy, heavy and medium grade oil samples from
participating producers over a 3-month period at test facilities in Norway.
The processing schedule represented a series of customized upgrading tests to
demonstrate to individual producers in detail:
- How the innovative "mechanical" upgrading process can crack oil in a
significantly lower temperature, pressure and therefore energy (cost)
environment than conventional field upgrader/primary cracking
technologies/processes currently in use
- How the proprietary process can upgrade oil without requiring specialized
catalysts, customized unit infrastructure or an emulsification of processing
feedstock
- Why processing efficiencies can be enhanced by scaling the technology into
larger pilot-plants and commercial units
- The range, consistency and stability of API upgrading achieved by the
process from a wide range of native feedstock
- How the technology can be configured to optimize the process within
specific applications being considered by each individual producer
- What steps are to be taken to develop the process for specific pilot plant
or commercial applications the producer may be considering
Commenting on the conclusion of the schedule, Wescorp President & CEO Doug
Biles stated, "We are very pleased and honored to have had the opportunity to
demonstrate the Ellycrack process for such an esteemed group of producers.
The feedback we have and continue to receive has been very beneficial, both
in terms of optimizing the process further for various field applications,
and in confirming that those applications can bring some very significant
value to the heavy oil field operations of our test participants."
Test participants were primarily large oil producers requesting a
demonstration and/or detailed technical assessment of the Ellycrack process
for potential proprietary applications of the technology for:
- Bitumen/heavy oil field upgraders to bring production to pipeline
specifications
- Medium oil field upgraders to recapture significant price differentials
from conventional light oil production
- Technology improvements to enhance or expand existing large centralized
heavy oil upgrader facilities
Demonstration tests have to date been arranged to accommodate mostly
unsolicited requests to assess the Ellycrack process. Similar demonstration
tests will continue to be scheduled throughout development of the process for
pilot-plant and commercial applications as an on-going effort to:
- Accommodate further requests to assess the technology - Wescorp has
received approximately 30 such requests from qualified parties from around
the world
- Continue testing modifications that optimize the technology and process
for a range of potential pilot-plant and commercial applications
Wescorp has executed confidentiality agreements with all test participants
to protect the identity and test results attributed to any individual
participant at their request. The following is therefore an aggregated
representation of all heavy oil upgrading tests performed by using the
Ellycrack process to date to illustrate the enhanced level of upgrading being
achieved with design optimization. All test results have been analyzed by a
certified laboratory at the SINTEF test facilities in Norway. Further
independent analysis is then undertaken by each test participant and Wescorp
to confirm reported results.
Testing Period Range of Input Oil Upper Threshold of Output
---------------------------------------------------------------------
Prior to Optimization
(1999 - Sept. 2005): 6 degrees - 23 degrees -
15 degrees API 24 degrees API
Post Optimization
(Sept - Dec 2005): 9 degrees - 29 degrees-
26 degrees API 30 degrees+ API
Commenting on the test results, Ellycrack A/S CEO and inventor of the
Ellycrack process Olav Ellingsen stated, "The upgrading results we've
realized from these tests have been exceptional. Not only have we been able
to extend the upper limit of upgrading our process can achieve by a
significant margin, but we expect to extend that limit beyond 30 degrees API
with further optimization and development testing. We must thank Wescorp, its
engineering team and our test participants for the contributions they
continue to make in optimizing what is already a very effective process."
On concluding this round of demonstration testing, Wescorp is holding
follow-up discussions with test participants to qualify their interest in
developing the Ellycrack process for pilot-plant and/or commercial
applications they may be considering.
As announced November 15th, Wescorp management will also host a conference
call to discuss this most recent round of test results, their effect on
pilot-plant development, and our overall plan to commercialize the Ellycrack
heavy oil upgrading technology and process.
The conference call will be held Thursday December 15, 2005 at 2:30PM MST
and will be open to all listeners with a question and answer session to
follow. Callers in North America can participate by dialing 1-877-407-8033.
International callers can participate by dialing 001-201-689-8033. The call
will also be webcast at www.vcall.com/IC/CEPage.asp?ID=99015 where a
recording will be available for replay until December 16, 2006.
About Wescorp
Wescorp Energy Inc. is a venture capital firm specializing in the
acquisition of strategic pre-commercial energy-related infrastructure
technology. We takes a "hands-on" approach to developing technology through
to commercialization and then accessing the industry relationships,
management expertise and financial resources needed to profitably market our
solutions to global energy production and services markets. Wescorp shares
trade on the OTCBB under the symbol "WSCE."
Safe Harbor Statement
Any statements contained herein that are not historical facts are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, and involve risks and uncertainties. Potential
factors could cause actual results to differ materially from those expressed
or implied by such statements. Information on the potential factors that
could affect the Company's actual results of operations are included in its
filings with the Securities and Exchange Commission. These risks may be
further discussed in periodic reports and registration statements to be filed
by the Company from time to time with the Securities and Exchange Commission
in the future.
SOURCE: Wescorp Energy Inc.
Wescorp Energy Inc.
Nino Plava
Vice-President Investor Relations & Corporate Communications
(403) 999-9916 or Toll-free: 1-877-247-1975
Email: nplava@wescorpenergy.com
Website: www.wescorpenergy.com
Copyright (C) 2005 CCNMatthews. All rights reserved.
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