BROUSSARD, La., April 16 /PRNewswire/ -- Environmental Remediation Holding
Corp. (NASD OTC BB: ERHC) announced today that it has purchased 94 oil and gas
wells in the Henderson County, Texas area. The acquisitions were made in
exchange for ERHC's common stock, restricted under SEC Rule 144.
The company will work on the well sites using its proprietary BAPCO
Tool(TM), a state-of-the-art lateral drilling device that can economically
increase production more than 300% from low or non-producing oil and gas
wells.
Environmental Remediation Holding Corporation is engaged in developing and
funding environmental remediation activities both domestically and
internationally. Through a series of acquisitions, the company is forming a
unique, full-service organization dedicated to providing environmental
services to major oil and gas companies. This includes environmental
engineering and consultation; hazardous waste (including NORM waste) and non-
hazardous waste clean-up; manufacture and distribution of waste clean-up
materials; waste management, transportation and disposal; plug and abandonment
services (P&A); and re-work of oil and gas wells.
NOTE: BAPCO(TM) and BAPCO Tool(TM) are trademarks of Bass American
Petroleum Corporation.
Safe Harbor Act notice: This release may contain forward looking
statements that involve risks and uncertainties, including, without
limitation, continued acceptance of the company's services, increased levels
of competition, product and technological changes, hazardous waste control,
the company's dependence upon financing and third-party suppliers, and other
risks detailed from time to time in the company's federal filings, annual
report, offering memorandum, or prospectus.
SOURCE Environmental Remediation Holding Corp.
CONTACT: Noreen Wilson or Jim Griffin of ERHC, 516-433-9119, or
Geoffrey C. Plank of GFC Communications, 561-655-7575 |
