Oil and Gas Technology Fund Enters Into Agreement to Rework Mahala Oilfield at Corona, CA Using MEOR, It's New Microbial Stimulation Technology
Towards Energy Independence and New Jobs! Oil and Gas Technology Fund, Inc. (OGTF) of League City, Texas is pleased to announce it has reached an agreement with Optima Conservation Resources, the operator of the Mahala Oilfield near Corona, California to re-develop this well known oilfield by using MEOR the latest microbial stimulation technology. www.ogtf.com/mahala.html - November 18, 2012
Oil and Gas Technology Fund, Inc. (OGTF) of League City, Texas is Pleased to Announce It's Entry Into the Arena of Microbial Enhanced Crude-Oil Recovery (MEOR)
OGTF has successfully negotiated the rights to represent a genetically designed custom strain of microbes for use in a microbial based blend of well treatment fluids that will literally eat away reservoir paraffin blocking the resumption of crude oil production in shut-in oil fields. Formation of reservoir paraffin is one of the single most significant reasons that producing oilfields must be abandoned even though 70% or more of the original oil in place remains behind, unproduced. - November 08, 2012