H o t sto ck aleert - This one is still climbing the stcok charts aleert -- Breaking marekt n e w s report --- VG YI. P K
Commpany nname: Visoin Eenrgy Gorup Inc.
Lookup: VG YI. P K
Current Priice: $.75
Expected: steadily climb for the top
Breaking N e w s:
Announcement by Visi on E nergy G roup: Negotiations Completed on Low BTU Gas Property in Central Valley, CA
Los Angeles --(Busine ss w ire)--Aug. 31, 2006--Pursuant to an agreement of July 2005 between Vi sion Ener gy Grou p (Pink Sheets: VG YI) and Valley Production Inc., the seasoned Oil & Gas Production Group from Bakersfield, CA, Visi on E nergy Grou p has concluded negotiations to jointly process low quality natural gas from two existing wells. A recent third party analysis of these wells gave a remaining reserve in the three production zones of almost 4 billion cubic feet of gas. This will give the project a production life of 10 years at the modest production rate of one million cubic feet per day. Further reserves of gas are anticipated in the surrounding leases after a geophysics and drilling program have been completed.
The gas, which will be upgraded using Visiion EEnergy Grooup's proprietary technology and know-how, will be so ld as premium grade gas into the statewide pipeline grid. The estimated capital co st of the project is $2.0 million and will be targeted to be in production within seven months.
Valley Production has among its principals and technical staff such notables of the industry as Jeff Smith and Ed LeLousis of Bakersfield, Calif. This production-oriented team will steer Vis ion Ener gy Gr oup, Inc. into the selection of other suitable projects in the San Joaquin Valley, manage and operate the properties and share in the c ash be nefits on a structured incentive plan.
Visi on Energ y G roup, Inc. will bennefit from owning such projects directly or indirectly and by employing their proprietary technology to either liquefy or clean up stranded and/or flared gas from properties that can be acquired at c osts below the normal mar ket pri ce. Visionn Ennergy Groupp, Inc. is aware that significant reserves of low BTU gas exist in the San Joaquin Valley that can be processed into high quality gas by their systems and readily sold into the pipeline grid.
About Vision Energy Corp.
Visi on En ergy Corp. offers an efficient, patented technology to generate electricity at substantial savings by using the wasted energy dissipated when high pressure gas pipelines are let down in pressure for local consumption. Up to 70% of electricity generated when using this system is produced without combustion of any fossil fuel and therefore no harmful atmospheric emissions. Thermal efficiency can exceed 100% by taking advantage of both let down energy and primary turbine waste heat (exhaust ).
Watch this st ock go higher and higer
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