UYMG News On Track Technology Solutions Inc. Pr
Post# of 144499
UYMG News
On Track Technology Solutions Inc. Prepares For First New Drill on Its Property
2012-09-17 08:30 ET - News Release
EAST HANOVER, N.J., Sept. 17, 2012 /PRNewswire/ -- Unity Management Group (OTC Pink: UYMG), a business resource and service company, is pleased to announce its wholly owned subsidiary, On Track Technology Solutions Inc. (OTT), mobilizes equipment to prepare for a new drill on its property. OTT is pleased to announce that based on Geological information obtained they hope to test a new drill up to 3000 feet.
"We hope to test our first new drill on our own property up to 3000 feet," said Eddie Schilb president of On Track, for an IP of 100 BOPD, While the price of oil varies daily we used $86.08 per barrel (todays price although most 5 year forecasts are $101.07 per barrel) and the Friday close was at $99.06, upon successful implementation, 100 BOPD would bring $209,346.00 per month or approximately $ 2,512,158 annually.
"On Track Technology Solutions will also begin direct marketing plans, and soliciting Joint Ventures with our technology to recover stranded oil. In a market where there is 1.3 Billion Barrel Market we believe the growth potential for this technology is almost limitless in the US. Currently there are 80 plus, Enhance Oil recovery Projects in the United States producing approximately 200,000 Barrels of oil per day. That's an average of 2,500 Barrels of oil per day per project. Historically EPR projects have the highest financial returns in the industry, even with the high development and infrastructure cost," he continued.