BELLEVUE, Wash. , Oct. 28 /PRNewswire/ — Westmont Resources, Inc. (OTC Bulletin Board: WMNS) (“Westmont”), announces the development of its technologically advanced eco-friendly enhanced oil and gas recovery system. “EcoRecovery2”, is a proprietary extraction process which combines industry disruptive technologies to optimize the recoveries of both oil from heavy formations and gas from shale. The facets of the EcoRecovery2 include patented processes and devices as well as a uniquely formulated biodegradable and organic substance to enhance yields for both oil and gas production.
Westmont is focused on “wringing value from” long-lived, low risk natural gas and oil properties. “Our current operations are centered on acquiring existing properties and extracting greater financial returns than previously realized through the application of our proprietary cutting-edge technologies,” said Westmont’s President, Glenn McQuiston . “Equally important – our systems, as opposed to the traditional alternatives, meet our goal of producing zero harm to people and the environment.”
“Well known to the oil and gas industry, but, not to the general public is the existence of massive untapped reserves of fossil fuels within the United States that far exceed the nation’s energy needs for many years to come. Tapping into those reserves economically and without harm to the environment is the Holy Grail of the industry as it grapples with the challenges of becoming energy independent from unfriendly foreign sources.”
EcoRecovery2 is a refined advanced drilling technique, which will enable Westmont and other oil & gas producer licensees to tap those unconventional resources such as shale gas and heavy oil trapped deep within the earth. Westmont intends to both license EcoRecovery2 and to become full technical advisory partners to independent oil and gas producers.
“We see the Gulf Oil crisis and resultant increase in government regulation of the industry as an opportunity to exploit. The target reserves we are going after are all onshore, primarily in the United States . Currently exploitation of these reserves is limited due to concerns that the traditional production methods are harmful to the environment primarily through the introduction of foreign elements into the formations. EcoRecovery2 in contrast avoids such potentially harmful materials.” Said Marcie Corbin , Westmont’s CFO.
The United States ‘ hunger for energy can be met by domestic supplies of natural gas and oil, if the known reserves can be economically and environmentally tapped. In the long term, the strategy will hinge on the country’s ability to develop unconventional oil and gas reserves such as shale that are typically not quickly accessed due to cost and environmental concerns. The United States ‘ unconventional fossil fuels are more substantial than those of the Middle East , but questions remain over how safely to the environment they can be brought into production.