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WMNS News again : Westmont's Receives Final Approval on European Bond Funding Scheme
BELLEVUE, Wash., June 15, 2011 /PRNewswire via COMTEX/ -- Westmont Resources,
Inc. (otcqb:WMNS) ("Westmont"), announces today that it has completed all
requirements and has received final approved for a European Bond funding scheme
developed in conjunction with Regency Financial Group Inc ("Regency") of Palm
City, Florida. The financing will support Westmont's continued expansion and
strengthen the company's growing technology development program.
"We are excited about Regency's decision to assist our company and see this
funding as a tremendous vote of confidence in our growth strategy," stated Dr.
Bruce Fischer, Chairman of Westmont. "This investment will help accelerate our
business plan and strengthen the development and implementation of our
EcoRecovery4 (TM) extraction technology system."
"EcoRecovery4 (TM), is a proprietary extraction process which combines industry
disruptive technologies to optimize the recoveries of both oil from heavy
formations and gas from shale. The facets of the EcoRecovery4 (TM) include
patented processes and devices as well as a uniquely formulated biodegradable and
organic substance to enhance yields for both oil and gas production.
Westmont is focused on "wringing value from" long-lived, low risk natural gas and
oil properties. "Our current operations are centered on acquiring existing
properties and extracting greater financial returns than previously realized
through the application of our proprietary cutting-edge technologies," said
Westmont's President, Glenn McQuiston. "Equally important - our systems, as
opposed to the traditional alternatives, meet our goal of producing zero harm to
people and the environment."
"Well known to the oil and gas industry, but, not to the general public is the
existence of massive untapped reserves of fossil fuels within the United States
that far exceed the nation's energy needs for many years to come. Tapping into
those reserves economically and without harm to the environment is the Holy Grail
of the industry as it grapples with the challenges of becoming energy independent
from unfriendly foreign sources."
EcoRecovery4 (TM) is a refined advanced drilling technique, which will enable
Westmont and other oil & gas producer licensees to tap those unconventional
resources such as shale gas and heavy oil trapped deep within the earth. Westmont
intends to both license EcoRecovery4 (TM) and to become full technical advisory
partners to independent oil and gas producers.
"We see the Gulf Oil crisis and resultant increase in government regulation of
the industry as an opportunity to exploit. The target reserves we are going after
are all onshore, primarily in the United States. Currently exploitation of these
reserves is limited due to concerns that the traditional production methods are
harmful to the environment primarily through the introduction of foreign elements
into the formations. EcoRecovery4 (TM) in contrast avoids such potentially
harmful materials," said Glenn McQuiston, Westmont's President.
The United States' hunger for energy can be met by domestic supplies of natural
gas and oil, if the known reserves can be economically and environmentally
tapped. In the long term, the strategy will hinge on the country's ability to
develop unconventional oil and gas reserves such as shale that are typically not
quickly accessed due to cost and environmental concerns. The United States'
unconventional fossil fuels are more substantial than those of the Middle East,
but questions remain over how safely to the environment they can be brought into
production.
About Westmont Resources
Westmont Resources is an independent natural resource and development company
headquartered in Bellevue, Washington, with principal operations in the United
States. Westmont's business model emphasizes the acquisition and operation of
existing producing assets, in the oil and gas industry. As new technologies
expand both the exploration possibilities and production of oil and gas in the
face of ever-rising demand, obtaining peak efficiency and production from
existing aging wells becomes increasingly profitable. Westmont Resources is
committed to significant growth as it pursues its strategy to combine and
consolidate assets and companies in the oil and natural gas production and
services sectors. For more information about Westmont Resources Inc, visit the
company's website at www.westmontresources.com
WMNS 0.0863 x 0.0865 now looking good ..
WMNS 0.0819 bid lining up ! 0.082 one left
WMNS 0.082 one left !
WMNS 0.082 more hits !
WMNS 0.082 2 left at the ask
WMNS 0.081 huge bid lining up !
Received a couple alerts for WMNS looks like the buzz is on
WMNS lot of buzz everywhere !
YOKU nice run today .. wow
ILVC 0.0039 x 0.0040 + 25% pennyland not far
ILVC 0.0040 2 left ! then 0.0055
ILVC 0.0040 another hit ! +29%
ILVC 0.0040 getting hits !
ILVC 0.0040 hit !
ILVC 0.0040 2 left ..
ILVC 0.0040 ask check l2 thin all the way to 0.01
ILVC 0.0040 ask now !
ILVC 0.0040 ask now
ILVC 0.0038 x 0.0039 now +25%
ILVC 0.0039 all buys today , looks like it wants to go
ILVC 0.0038 x 0.0039 now
ILVC 0.0039 getting hits !
ILVC 0.0038 x 0.0039 wants to go guys !
ILVC 0.0039 now ask ! UPTICK
ILVC 0.0038 inplay this week
ILVC 0.0038 hit 100k !
ILVC 0.0038 hit 100k
ILVC 0.0037 x 0.0038 check it guys
ILVC 0.0037 x 0.0038 check the level 2
ILVC 0.0037 x 0.0038 .. check the level 2 guys ..
ILVC 0.0038 getting hit thin !!
ILVC 0.0037x0.0038 wants to go
ILVC 0.0037x0.0038 now ! just got hit big
ILVC 0.0035 x 0.0037 looking good , check yesterday's news
ILVC 0.0038 0.0040 0.0055 0.0060 0.0078
ILVC 0.0038 ask could see 0.0090/0.01 very fast
ILVC 0.0038 now ask !
ILVC 0.0037 one left +29%