NEWS! GRNO Reports Morgan Stanley Forecasts 2010 Oil to Reach $95 per Barrel
EDMONTON, AB -- (Marketwire)
03/15/10
Green Oasis Environmental Inc. (PINKSHEETS: GRNO) is pleased report Morgan Stanley has provided a 2010 West Texas
Intermediate (WTI) oil forecast of $95 per barrel by December 2010. West
Texas Intermediate (WTI), also known as Texas Light Sweet, is a type of
crude oil used as a benchmark in oil pricing.
If Morgan Stanley's forecast is correct, Green Oasis Environmental Inc.
would experience a significant increase in per barrel and overall revenue.
Green Oasis is currently providing a Year End 2010 revenue forecast of $8.5
million based on $60 per barrel of oil.
"This is a substantial report and should serve to capture the interest of
present and future investors. All revenue models and projections we
forecast are based on a $60 barrel of oil. If oil reaches this estimated
level of $95 per barrel, then GRNO's revenues and projections for Custom
Carbon Processing Inc. could increase by as high as 50%. Our main focus is
to continue to prepare for and launch spring operations and stick to our
game plan. We have a lot of exciting things in front of us right now and
we remain focused on expanding operations and increasing shareholder
value," -- stated Matt Campbell V.P. of Research and Development.
About Green Oasis Environmental Inc.
Green Oasis Environmental, Inc. (GRNO) is dedicated to acquiring and
providing access to world class technologies available today and has chosen
to focus its efforts on seeking acquisitions of technology and/or
operations concerning the remediation of slop oil, waste engine oil, and
tank bottom oils. GRNO has every intention of becoming the single best
option for reclaiming oil to pipeline specification from these waste
products. Through the Company's state of the art technology, GRNO will be
able to process these waste products at one of their facilities or at a
customer's site by way of implementing its portable processing technology.
Green Oasis -- "Green today for a stronger tomorrow"
About Custom Carbon Processing Inc.
Custom Carbon Processing Inc. (CCP) is a Wyoming-based Company formed in
2006 that has been operating in the Gillette, Wyoming area since its
inception. Through the technology that CCP has developed, CCP is able to
process slop oil unrefined, non saleable oil into pipeline standard crude.
Its current facility has the capabilities of processing up to 1,500 barrels
of slop oil with a conversion ratio of approximately 50% to finished crude.
Through its ongoing contract, CCP sells the processed slop oil to Shell
Trading (US) Company (www.shell.us). Shell Trading (US) Company is a
corporation that acts as the single market interface for Royal Dutch Shell
companies and affiliates in the United States with offices in Houston, TX
(headquarters); Dallas, TX; Denver, CO; Midland, TX; and San Antonio, TX;
and has an affiliated Shell Trading company in Calgary, Alberta. Shell
Trading buys and sells more than five million barrels per day of
hydrocarbons, is one of the largest physical traders of hydrocarbons in the
United States and one of the world's largest energy trading companies.
In addition to its Wyoming facility, CCP is currently planning expansion of
its processing technology into Montana and North Dakota, home of the Bakken
(www.bakkenblog.com) and Three Forks plays, said to be two of the largest
oil plays in North America.
For more information on Green Oasis Environmental, Inc. or Custom Carbon
Processing Inc., please visit www.greenoasisenvironmental.com or contact
Investor Relations at (877) 207-3370.
Safe Harbor
Statements about the Company's future expectations and all other statements
in this press release other than historical facts, are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of
1933, Section 21E of the Securities Exchange Act of 1934, and as that term
is defined in the Private Securities Litigation Reform Act of 1995. The
Company intends that such forward-looking statements be subject to the safe
harbors created thereby.
The above information contains information relating to the Company that is
based on the beliefs of the Company and/or its management, as well as
assumptions made by any information currently available to the Company or
its management. When used in this document, the words "anticipate,"
"estimate," "expect," "intend," "plans," "projects," and similar
expressions, as they relate to the Company or its management, are intended
to identify forward-looking statements. Such statements reflect the current
view of the Company regarding future events and are subject to certain
risks, uncertainties and assumptions, including the risks and uncertainties
noted. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove to be incorrect, actual results may
vary materially from those described herein as anticipated, believed,
estimated, expected, intended or projected. In each instance,
forward-looking information should be considered in light of the
accompanying meaningful cautionary statements herein. Factors that could
cause results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services and
pricing and general economic risks and uncertainties.
Contact:
Investor Relations
Taylor Capitol, Inc.
Stephen Taylor
(877) 207-3370
grno.ir@greenoasisenvironmental.com
