$WOGI World Oil Group, Inc Expanding Current Contract With Awan International General Trading
The Current Contract is Valued at $3,000,000 Annually
DEBARY, FL / ACCESSWIRE / July 20, 2015 / Word Oil Group, Inc. (OTC: WOGI) is in the process of finalizing its revised contract with Awan International General Trading (AWAN) to include other services.
WOGI acquired the contract as part of its assets purchase agreement with Environmental Protection Associates Inc. (EPAI), in April 2015. The current contract is for 99 years and covers 11 countries with annual revenues estimated at $3,000,000, for the manufacturing of the AWAN PRA Oil Field Products.
WOGI is seeking to work with AWAN on EOR projects in the region without placing a financial strain on the Company or to dilute the Company. WOGI will supply technical support while AWAN supplies logistical support.
AWAN has identified numerous EOR opportunities in Indochina.
AWAN has a strong business history in the import/export of commodities throughout the GCC (Bahrain, Saudi Arabia, Kuwait, Qatar and the United Arab Emirates) as well as Pakistan, China and Malaysia.
Mr. Hall and WOGI's incoming COO, Dr. Samuel Armacanqui will travel to Bahrain in the near future to solidify the revised terms of the contract, and explore the identified areas.
About World Oil Group, Inc.
World Oil Group, Inc. (WOGI) is a petroleum company that has traditionally focused on Oil & Gas Exploration in the Pennsylvania markets by and through its wholly owned subsidiary EPA Petroleum, Inc. First Quarter, WOGI is scaling up operations in the MENA, Gulf and Central/South American regions in 2015, the company will keep its shareholders updated.
EPA Petroleum, Inc. "EPA" is a wholly owned subsidiary of World Oil Group, Inc. (WOGI). The Company is an independent producer of crude oil and natural gas. EPA Petroleum is actively involved in drilling activities within the Commonwealth of Pennsylvania using its subcontract drilling partner.
World Oil Group, Inc. is now taking the path breaking challenge to lead the world on its "Sustainable Oil & Gas Field Model" implementing the concepts and related applications model in the Petroleum Industry. WOGI is always seeking new opportunities in the petroleum industry and will look to develop economic growth in the areas it works. As WOGI enters into a market, it will seek to help bring jobs within its foot print. World Oil Group's vision is to grow exponentially with the Petroleum Industries using "The Sustainable Oil & Gas Fields" concepts and applications for E&P & EOR, and Energy Trading in the USA and around the world.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
CONTACT:
Grace Carlton, Communications Director
World Oil Group, Inc.
Ph. 407-777-9228
gcarlton@worldoilgroup.com
www.WorldOilGroup.com
Twitter.com/epapetroleum
facebook.com/epapetroleum
SOURCE: World Oil Group, Inc.
The Current Contract is Valued at $3,000,000 Annually
DEBARY, FL / ACCESSWIRE / July 20, 2015 / Word Oil Group, Inc. (OTC: WOGI) is in the process of finalizing its revised contract with Awan International General Trading (AWAN) to include other services.
WOGI acquired the contract as part of its assets purchase agreement with Environmental Protection Associates Inc. (EPAI), in April 2015. The current contract is for 99 years and covers 11 countries with annual revenues estimated at $3,000,000, for the manufacturing of the AWAN PRA Oil Field Products.
WOGI is seeking to work with AWAN on EOR projects in the region without placing a financial strain on the Company or to dilute the Company. WOGI will supply technical support while AWAN supplies logistical support.
AWAN has identified numerous EOR opportunities in Indochina.
AWAN has a strong business history in the import/export of commodities throughout the GCC (Bahrain, Saudi Arabia, Kuwait, Qatar and the United Arab Emirates) as well as Pakistan, China and Malaysia.
Mr. Hall and WOGI's incoming COO, Dr. Samuel Armacanqui will travel to Bahrain in the near future to solidify the revised terms of the contract, and explore the identified areas.
About World Oil Group, Inc.
World Oil Group, Inc. (WOGI) is a petroleum company that has traditionally focused on Oil & Gas Exploration in the Pennsylvania markets by and through its wholly owned subsidiary EPA Petroleum, Inc. First Quarter, WOGI is scaling up operations in the MENA, Gulf and Central/South American regions in 2015, the company will keep its shareholders updated.
EPA Petroleum, Inc. "EPA" is a wholly owned subsidiary of World Oil Group, Inc. (WOGI). The Company is an independent producer of crude oil and natural gas. EPA Petroleum is actively involved in drilling activities within the Commonwealth of Pennsylvania using its subcontract drilling partner.
World Oil Group, Inc. is now taking the path breaking challenge to lead the world on its "Sustainable Oil & Gas Field Model" implementing the concepts and related applications model in the Petroleum Industry. WOGI is always seeking new opportunities in the petroleum industry and will look to develop economic growth in the areas it works. As WOGI enters into a market, it will seek to help bring jobs within its foot print. World Oil Group's vision is to grow exponentially with the Petroleum Industries using "The Sustainable Oil & Gas Fields" concepts and applications for E&P & EOR, and Energy Trading in the USA and around the world.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
CONTACT:
Grace Carlton, Communications Director
World Oil Group, Inc.
Ph. 407-777-9228
gcarlton@worldoilgroup.com
www.WorldOilGroup.com
Twitter.com/epapetroleum
facebook.com/epapetroleum
SOURCE: World Oil Group, Inc.
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