Replies to post #5473 on Smart Ventures Inc. (SMVR)

[threewheeler]

SMART VENTURES ANNOUNCES NEW ENHANCED OIL RECOVERY TECHNOLOGY
Jan 02, 2015

OTC Disclosure & News Service

Houston, TX -

SMART VENTURES ANNOUNCES NEW

ENHANCED OIL RECOVERY TECHNOLOGY

Smart Ventures, Inc. is pleased to announce its new enhanced oil recovery (EOR) technology which is a chemical compound injected into an existing fields injection well through the water flood technique which causing displacement of the oil in the reservoir which results in a volumetric sweep efficiency. Total oil recovery may be expressed as: Oil Recovery= VSE x ODE.

For example, consider an oil reservoir which has produced 40% of the oil originally in place. If an injection fluid contacts 70% of the reservoir and has an oil displacement efficiency of 70% of the remaining oil (42% of the oil originally in place) then the maximum enhanced oil recovery is 49% of the oil remaining in place or 29% of the oil originally present in the reservoir. Thus total oil recovery has increased to 69%. This example illustrates the importance of using chemicals to improve both the volumetric sweep efficiency and the oil displacement efficiency. As existing fields become depleted, use of chemistry to maintain production via well stimulation, more efficient secondary recovery operations, and enhanced oil recovery become ever more important. Most current processes being used are very costly such as CO2, but have been very effective, we believe once our testing is complete we will be able to significantly reduce the cost of enhanced oil recovery in the industry and become one of the most dominant players in supplying the oil chemicals industry.

“This technology adds significant value to the company, because enhanced oil recovery will allow us to increase oil production in depleted wells. We believe this technology will create significant shareholder value, says Roger AT Smith, CEO.”

About Smart Ventures

Smart Ventures, Inc. is an independent energy company engaged in engineering extended reach drilling services, acquisition, development, production, and exploration of oil, gas and mining minerals internationally. We began to offer a diverse range of armored vehicles to our clients in the Middle East and Africa. We have diversified our products offering into the specialty chemical market as well through our China supplier.

www.sandaydrilling.com www.smartventuresinc.us