MEC Secures Demonstration Host for Testing of MRU
March 2, 2016 - VANCOUVER, BRITISH COLUMBIA – ME Resource Corp. (the
"Company" or “MEC”) (CNSX: MEC | OTC: MEEXF) is pleased to announce the
execution of an agreement with Carson Petroleum Ltd. pursuant to which Carson’s
collective interest in the Sylvan Lake Lands will be made available to MEC for purposes
of testing the mobile refinery unit development (“MRU”).
Carson’s Sylvan Lake Lands are located just off Queen Elizabeth Highway with easy
access to Red Dear, Calgary and Edmonton. Carson will provide the Test Well and MEC
will construct and move a proprietary Gas to Liquid Conversion Skid System, the MRU,
on to the well site for installation and testing. During this demonstration phase Carson
shall be the Operator of the Test Well and shall operate on the behalf of the parties
pursuant to a Joint Operating Agreement.
Todd L Wunderly, COO of Carson, commented. ”We are very interested in the MRU
Technology because we have several “stranded wells” which we are unable to
economically put into production because of i) the cost to install a pipeline and ii) the
processing costs. This technology could significantly increase the value right at the
wellhead.”
Chand Jagpal, President of MEC, commented. “We have been evaluating a number of
candidates to jointly develop a demonstration field unit. We needed a Demonstration
Host to act as an industry partner who would provide a live test location as well as
equipment and support for a field test of the MRU. Carson’s Sylvan Lake property is an
“ideal candidate” for our test. We have a number of other industry partners who have
committed financial support and expertise with the demonstration and our development
process is well underway.”
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