Here is another user of NCo2
Stonebridge Negotiates Access to NCO2 Technology
HOUSTON, Aug. 24, 2006 (PRIMEZONE) -- Stonebridge Resources Exploration Ltd. (Pink Sheets:SBRX) announced that the Company has completed negotiations to obtain state-of-the-art (NCO2) enhanced oil recovery technology. Utilized by major oil companies for several years (NCO2) technology has proved successful by increasing oil production in various types of oil reservoirs.
The process can typically restore a well back to its original flow rates while potentially dealing with greenhouse gas emissions. Enhanced oil recovery is designed to restore reservoir pressure, increase oil production and lower operating costs. Every oil producer's goal is to achieve increased oil production with the least amount of cost possible. The (NCO2) technology will serve well to enhance extraction methods from Stonebridge's existing and future oil and gas projects. By using nitrogen and carbon dioxide gas injection unites to "pump up" and re-pressure oil wells, we are able to significantly increase oil output from these assets with this innovative process. The Department of Energy has determined that it can add 89 billion barrels to recoverable oil resources of the U.S
As the need for alternative sources of energy increases, Stonebridge Resources Exploration Ltd. intends to strengthen the position of the Company for the demands that lie ahead. The (NCO2) technology will prove to be a beneficial asset, as environmental and regulatory restrictions are imposed on Oil and Gas Companies in the near future.
About Stonebridge Resources Exploration Ltd.
Stonebridge Resources Exploration, Ltd., www.otcsbrx.com has embarked on a new direction which is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus has shifted to aggressively acquiring working interests in crude oil and natural gas properties. The company intends to use modern development methods along with improved drilling technologies to increase well production by up to 500%. The company's goal is to achieve a high return on its investment by limiting its acquisition costs and by practicing sound and intelligent approaches to oil and gas exploration and development.
