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Sunday, May 07, 2017 5:00:33 PM
$WPWR Well Power, Inc. (WPWR) – Bolstering Its Operations WPWR
Well Power’s attention is firmly on the ways it can help curb the flaring of wasted gas, a persistent and growing problem in the United States. To contribute in this area, the company gained an exclusive license to distribute ME Resources’ micro refinery unit (MRU) years ago and, since then, has been actively promoting this flare-reducing technology to potential investors and other interested parties.
As part of Well Power’s marketing efforts, companies involved in oil and gas production are invited to explore partnership opportunities with Well Power and learn more about the MRU which, once developed, is expected to process and transform wasted raw natural gas into electric power or engineered fuels. Although there are still some operational matters and regulatory changes to study, the successful development and deployment of a mobile, modular micro-refinery unit should create many lucrative opportunities for Well Power and ME Resources.
In addition, Well Power is bringing in new blood to continue to fuel its operations. Early this year, the company expanded its board of directors to include Robert V. Shields, an entrepreneur, professional engineer and petroleum industry veteran. Mr. Shields has been a professional engineer for more than 30 years. His petroleum industry experience is widespread and includes expertise in the areas of drilling, production operations, economic evaluations, identifying and securing international exploration mineral leases as well as raising equity capital from institutional investors in the United States and overseas.
Mr. Shields is a welcome addition to the Well Power team. His early years of employment include tenures with major oil and gas companies including Occidental International. He has extensive cross-cultural management experience as manager of drilling/production operations in Libya, Philippines, Brunei (offshore), the continental USA, Western Canada and the Canadian Arctic. Over 20 years, he also founded and became an owner/partner in four successful private oil companies which have collectively spent $C160 million and accrued a total exit value of approximately $C760 million. Additionally, in 2000, he co-discovered the largest conventional natural gas find in Canada, the Ladyfern field located in NE British Columbia. His combined experience in capital raising, engineering and entrepreneurship within the oil and gas industry will contribute vital insight to Well Power’s corporate goals and mission.
Well Power’s attention is firmly on the ways it can help curb the flaring of wasted gas, a persistent and growing problem in the United States. To contribute in this area, the company gained an exclusive license to distribute ME Resources’ micro refinery unit (MRU) years ago and, since then, has been actively promoting this flare-reducing technology to potential investors and other interested parties.
As part of Well Power’s marketing efforts, companies involved in oil and gas production are invited to explore partnership opportunities with Well Power and learn more about the MRU which, once developed, is expected to process and transform wasted raw natural gas into electric power or engineered fuels. Although there are still some operational matters and regulatory changes to study, the successful development and deployment of a mobile, modular micro-refinery unit should create many lucrative opportunities for Well Power and ME Resources.
In addition, Well Power is bringing in new blood to continue to fuel its operations. Early this year, the company expanded its board of directors to include Robert V. Shields, an entrepreneur, professional engineer and petroleum industry veteran. Mr. Shields has been a professional engineer for more than 30 years. His petroleum industry experience is widespread and includes expertise in the areas of drilling, production operations, economic evaluations, identifying and securing international exploration mineral leases as well as raising equity capital from institutional investors in the United States and overseas.
Mr. Shields is a welcome addition to the Well Power team. His early years of employment include tenures with major oil and gas companies including Occidental International. He has extensive cross-cultural management experience as manager of drilling/production operations in Libya, Philippines, Brunei (offshore), the continental USA, Western Canada and the Canadian Arctic. Over 20 years, he also founded and became an owner/partner in four successful private oil companies which have collectively spent $C160 million and accrued a total exit value of approximately $C760 million. Additionally, in 2000, he co-discovered the largest conventional natural gas find in Canada, the Ladyfern field located in NE British Columbia. His combined experience in capital raising, engineering and entrepreneurship within the oil and gas industry will contribute vital insight to Well Power’s corporate goals and mission.
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