1 Month : From Aug 2012 to Sep 2012
ESP Resources, Inc. (OTCBB: ESPI) (the "Company" or "ESP Resources"), an oil and gas services company, today announced that through its wholly-owned subsidiary in Panama, ESP Corporation, S.A. ("ESP"), it has completed the necessary document filings under Papua New Guinea's Investment Promotion Act to certify ESP KUJV Limited, ESP's joint venture with Komo Umbrella Joint Venture Limited, to accept contracts and to carry out specific project work related to the development of the Komo international airfield.
Under the terms of the joint venture and with a completed certification, ESP KUJV Limited can begin accepting work contracts from the
world's largest international
and publicly-traded oil and gas company
for development of the Komo international airfield. The Komo international airfield is being developed to support the
$15.7 billion PNG liquid natural gas project currently under construction.
Through ESP KUJV Limited, the Company expects to receive initial
CONTRACTS
related to the Komo airfield development project
within
the next
60 days
which it believes will deliver
significant
revenue growth. The Company expects
multiple
contracts before the end of 2012 and into 2013.
"We are pleased to have completed filing for certification in Papa New Guinea and, through ESP KUJV Limited, now be able to accept and fulfill these lucrative contracts. As announced in my statement to shareholders last week, adding infrastructure-related operational and managerial services to our already competitive repertoire of petrochemical and analytical services and factoring in the opportunity to work with the largest oil and gas company in the world puts ESP Resources at a distinct advantage to other players in the market. We are extremely excited about the potential of these contracts. With the addition of them to our existing revenue stream, we estimate that we are on the brink of a significant breakthrough in growth," stated David Dugas, President & CEO.
About ESP Resources, Inc.:
ESP Resources, Inc. is a publicly traded oil and gas services company (OTCBB: ESPI) headquartered in Scott, LA. Through its subsidiaries, the Company manufactures, blends, distributes and markets specialty chemicals and analytical services to the oil and gas industry and also provides services for the upstream, midstream and downstream sectors of the energy industry, including new construction, major modifications to operational support for onshore and offshore production, gathering, refining facilities and pipelines designed to optimize performance and increase operators' return on investment. The Company's senior management has over 100 years of combined operating experience in the oil and gas services industry. More information is available on the Company's Website at www.espchem.com.
Legal Notice Regarding Forward-Looking Statements:
David Dugas
President
ESP Resources, Inc.
david.dugas@espchem.com
(337) 706-7056
Investor Relations Contact:
Howard Gostfrand
President
American Capital Ventures, Inc.
info@amcapventures.com
(305) 918-7000
AI
