Whitewater Oil Gas & Minerals Signs Contract With AMAC, Inc., Ohio
Wednesday March 21, 5:00 am ET
LOS ANGELES, March 21 /PRNewswire-FirstCall/ -- Whitewater Oil Gas & Minerals of Kansas, with whom Vision Energy Group, Inc. (Pink Sheets: VGYI - News) has signed a letter of Intent to carry out an exchange of shares giving Vision Energy Group 100% control of Whitewater, has advised that they have signed a contract with AMAC, Inc. of Ohio.
Over the next 3 to 5 years, AMAC, Inc. will provide up to 1700 wells to Whitewater Oil Gas & Minerals for the installation of their patented pumping units. These pumps separate the oil and water down hole and therefore avoid the expense of lifting the water to the surface and reinjecting it back into the formation. Testing has shown that Whitewater can expect approximately 3 barrels per day average production per well.
Mr. Michael Brown, Chairman and Manager of Whitewater Oil Gas & Minerals, Inc., has today been appointed to the Business Advisory Council and is expected to play a crucial role in Kansas in getting the voice of small business heard in Washington.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Vision Energy Group, Inc.
Russell Smith
310-821-2244
