My 10 bagger....WSCE...why you ask? Do you believe energy will be the future? Have you watched SUF? THen read this. This company unlike SUF is the real deal.
EDMONTON, Alberta, Feb 16, 2006 (BUSINESS WIRE) -- Wescorp Energy Inc. (WSCE) is pleased to announce that it has completed the engineering phase of its patented Ellycrack heavy oil upgrader pilot plant and will now move immediately to fabrication of the plant in Canada. Final design contributions and engineering services were provided by Bantrel Co., the Canadian partner of Bechtel Corporation with over 40 years of combined tar-sands, heavy oil and upgrader project experience. Fabrication of the pilot plant will be overseen by Wescorp's Ellycrack joint-venture project manager Ed Mierzewski.
Completion of this engineering stage is the direct result of having undertaken an extended period of testing through the latter half of 2005 which resulted in design modifications that allowed Wescorp and Ellycrack A/S to significantly improve the upgrading capabilities of the Ellycrack process.
The extended design and testing period allowed Wescorp & Ellycrack to optimize the process to where it can now upgrade heavy oil to over 30 degrees API. That enhanced upgrading capacity has also expanded the scope of commercial applications for the process which was demonstrated for several major energy producers in that testing period, alongside:
-- How the innovative "mechanical" upgrading process can crack heavy oil in significantly lower temperature, pressure and energy (cost) environments than conventional field upgraders or primary cracking technologies/processes currently in use
-- How the proprietary process can upgrade heavy oil without requiring specialized catalysts, customized unit infrastructure or an emulsification of feedstock for processing
-- Why the process' efficiencies can be enhanced by scaling the technology in larger pilot-plants and commercial units
-- The range, consistency and stability of API upgrading the process can achieve 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
Subsequent to fabrication, the pilot plant will undergo a period of continuous field testing to further define performance parameters of the process in commercial applications beyond its proven ability to upgrade heavy oil above 30 degrees API. Those parameters include details related to material balance, energy balance and composition of processed output to determine final capital and operating costs for commercial users.
As more details related to the fabrication and field testing stages of the pilot plant's development are finalized, Wescorp will provide a more extensive update. Wescorp is also exploring various options to accelerate the readiness of a pilot plant for field testing.
About Wescorp
Wescorp Energy Inc. is an active-management venture capital firm specializing in the acquisition of strategic pre-commercial energy infrastructure technologies, and then taking them through the development and marketing stages of commercialization. Headquartered in Calgary with distribution facilities in Edmonton, Alberta, Canada, Wescorp has the industry relationships, management expertise and financial resources needed to introduce innovative profitable solutions to the global energy production and services markets.
Wescorp shares trade on the OTCBB under the symbol "WSCE."
About Wescorp
Wescorp Energy Inc. is a venture capital firm specializing in the acquisition of strategic pre-commercial energy-related infrastructure technology. We take 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, 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 is 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, 403-262-0756 or 403-999-9916
or
Toll-free, 1-877-247-1975
nplava@wescorpenergy.com
www.wescorpenergy.com |
