Tuesday, September 25, 2007 10:52:17 AM
http://biz.yahoo.com/iw/070925/0306303.html
SBRX Purchases NCO2 Technology Injection Unit From WW Oil & Gas Inc.
Tuesday September 25, 9:15 am ET
HOUSTON, TX--(MARKET WIRE)--Sep 25, 2007 -- Stonebridge Resources Exploration Ltd. (Other OTC:SBRX.PK - News) (Frankfurt:S3C.F - News), a diversified energy company specializing in the development and acquisition of oil and gas assets, has completed an agreement with WW Oil & Gas Inc. to purchase 100% ownership of the NCO2 Technology Injection Unit. The equipment is currently located on the Rogers County, Oklahoma, properties. 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 and increase oil production. There are more than 20,000 wells prematurely abandoned annually with approximately 200,000 of these wells that are "shut in" non-producing. SBRX will utilize the NCO2 Injection Unit equipment to expedite production operations on the Company's recently acquired wells in Rogers County, NE Oklahoma. SBRX purchased 40 existing wells recently in NE Oklahoma. Geology reports had indicated nearly 2,000,000 proven undeveloped bbls of oil on both leases. Stonebridge has recently commenced re-working on 16 of the Oklahoma-based wells.
Tame the monkey mind.
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