US Crude receives further patent approvals

Aug 31, 2000 02:00 AM

US Crude announced that it has received patent approvals in from Russia, Europe and Canada. This brings the total countries to six (6), who have awarded US Crude with patent protection. The company is seeking patent approval in a total of 26 different countries, including the majority of the oil producing countries, and other industrialised countries.
Anthony K. Miller, president, commented that "this is good news for USCR that will be more important for the company in the future, as we do business in these areas." Miller further commented that "with regard to the company's filing of its amended 15c211, there have still been no comments from the NASD. We are hoping to hear something soon."
The company has also submitted its final draft of its business plan for approval under a government loan program and intends to provide news concerning the status of its application when possible. The proceeds from the program will allow the company to put all of its wells on line, market its technology and produce a lot of crude oil. "This is more important for US Crude at this point in time, since oil prices have recently reached its highest levels in 10 years," commented Miller.

US Crude's primary goal is to use its patented and patent-pending technologies to rekindle marginally producing oil wells to profitable levels. The company holds the license to the technologies and the rights to market the TM-96 Portable Steam Generator, TM-98 Portable Gas Repressurising System and TM-9 Deep Steam technologies. These units, used in conjunction with each other or separately, improve the free flow of crude oil and provide pressure needed to drive the oil through ground formations to the well shaft.
Although major oil companies have used steam and gas technologies for years, the patent-pending TM series extraction units provide a portability and low cost of operation not previously available.

Source: US Crude Ltd. via Newspage
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