Green Oasis (GRNO)

[NMC]

Sept 28, 2010 PR...

GRNO's Wholly Owned Subsidiary, Custom Carbon Processing Inc., Provides Update on Injection Well Improvements and Montana Operat
Date : 09/28/2010 @ 7:30AM

GRNO's Wholly Owned Subsidiary, Custom Carbon Processing Inc., Provides Update on Injection Well Improvements and Montana Operat

Green Oasis Environmental, Inc. (PINKSHEETS: GRNO), a Florida corporation, is pleased to announce its wholly owned subsidiary, Custom Carbon Processing Inc. (CCP), has made substantial improvements to its Michels Salt Water Injection well, located near Wibaux, Montana.

This injection well site has recently been upgraded and is currently accepting daily volumes of up to half of maximum capacity. Three additional tanks have been acquired and will soon be structured in to increase injection capacity. This well has the ability to inject up to 2,000bbls per day but without ample tank storage, trucks are not able to unload in a timely fashion. The recent addition of the three tanks will allow CCP the ability to achieve maximum injection capacity in the near future. Currently, injection rates run customers between $0.90 - $2.00 per barrel.

Further upgrades include a complete overhaul of the injection pump, maintenance on the pump house, and the installation of a new metering system. Mark Hurst, Montana's project manager for CCP, stated, "Having a commercial injection well in an area that is surrounded by unprecedented drilling activity in both the Dakotas and Montana is a matter of good fortune and timing. The site has a great history of reliability and performance which is why we pursued it. This will bring a steady revenue stream with minimal operating costs, allowing CCP to further expand its services to customers in this area."

With any barrels being injected comes a small percentage of oil, usually around 1%. Based on injection volumes hitting 75% of capacity over a one year period, this site alone could render an additional 5,475 barrels of saleable oil which would bring CCP and additional $300,000 plus in revenue.

In further news regarding Montana operations, CCP has already produced over 2,800 barrels of saleable oil. Three days remain before the completion of the second full month. Management projects an additional 500 barrels in the next three days which will bring September numbers to approximately 10 percent over last month's figures.