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PLANET RESOURCE RECOVERY, INC. AND HINTO ENERGY, INC. COMMENCE FIELD TESTING
PETROLUXUS(TM) WC IN THE UINTAH BASIN IN GRAND COUNTY, UTAH
HOUSTON, TX, Sep 05, 2012 (MARKETWIRE via COMTEX) -- Planet Resource Recovery,
Inc. (PINKSHEETS: PRRY) is pleased to report that the Company and Hinto Energy,
Inc. (OTCQB: HENI) have commenced field testing PetroLuxus(TM) WC in the Uintah
Basin of Grand County, Utah.
Hinto Energy, Inc. recently added to its portfolio with the acquisition of an
additional property that encompasses 4,783 gross acres with a net revenue
interest (NRI) averaging approximately 80% in the Cisco Springs Fields, that
includes 27 oil & gas wells that need to be produced or re-worked.
PetroLuxus(TM) WC is a multi-modal liquid compound formulated to be injected
downhole into oil bearing formations for the increased recovery of hydrocarbons,
reduced hydrogen sulfide concentrations and improved flow characteristics. These
combined attributes result in increased performance of operational equipment
with less down time. The unique multi-modal characteristics of PetroLuxus(TM) WC
interacts with the attached hydrocarbons on formation surfaces by destabilizing
the weak hydrogen bonding which causes the hydrocarbons to be released from the
oil-bearing formation. This results in an increased surface water wetting and
reduction of surface tension allowing the oil to be recovered with higher
efficiency. Additionally, equipment metal surfaces and formation surfaces
contacted by PetroLuxus(TM) WC are coated with a polymeric barrier thereby
protecting metal surfaces that reduces corrosion and increases the conductivity
of mineral surfaces.
About Planet Resource Recovery, Inc. Planet Resource Recovery, Inc. is the
developer, manufacturer and marketer of the PetroLuxus(TM) Technology Platform.
PetroLuxus products are Green Technologies that maximizes hydrocarbon recovery
in the Oil & Gas industry. Documented well history case studies indicate
deployment of PetroLuxus technologies has helped Oil & Gas Operators reduce
maintenance costs and decrease downtime and increase oil recovery. AquaLuxus
products are new products for the Water industry. For more information visit:
www.planetresource.net.
About Hinto Energy, Inc. Hinto Energy, Inc. engages in the exploration,
acquisition, and development of oil and gas properties. The company was formerly
known as Garner Investments, Inc. and changed its name to Hinto Energy, Inc. in
September 2011. The company was founded in 2011 and is based in Arvada,
Colorado.
Safe Harbor Statement Under The Private Securities Litigation Reform Act of
1995: The statements in this presentation that relate to the Company's
expectations with regard to the future impact on the Company's results from new
products in development are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The results anticipated by any
or all of these forward-looking statements may not occur. Additional risks and
uncertainties are set forth in the Company's Annual Report for the year ended
December 31, 2009, the Company's Quarterly Report for the First quarter ended
March 31, 2010. The Company undertakes no obligation to publicly release the
result of any revisions to these forward-looking statements that may be made to
reflect events or circumstances after the date hereof, or to reflect the
occurrence of unanticipated events or changes in the Company's plans or
expectations.
Contact:
Planet Resource Recovery, Inc.
281-213-5266
Email Contact
SOURCE: Planet Resource Recovery, Inc.