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NetworkNewsBreaks – American Energy Partners, In

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Posted On: 07/21/2017 4:46:25 PM
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Posted By: NetworkNewsWire
NetworkNewsBreaks – American Energy Partners, Inc. (XFUL) Subsidiaries Find Value Where Water Meets Oil & Gas

Though water is the Earth’s most abundant resource, only about one percent of the world’s fresh water is accessible for human use—making the efforts of companies like Converde Energy USA, Inc., d/b/a American Energy Partners (OTC: XFUL), incredibly valuable and crucially needed. American Energy Partners has developed a pioneering water treatment technology that is in the final stages of the patent process and offers revolutionary potential to turn the tide for drought areas and other places of need throughout the world.

“…XFUL is already on the job and, as an example of the kind of job the company can do, a recent press release (http://nnw.fm/x63BH) sheds a revealing light. XFUL announced it was collaborating with the Eastern Pennsylvania Coalition for Abandoned Mine Reclamation (EPCAMR) and the Susquehanna River Basin Commission (SRBC) in a multi-phase study of the Mocanaqua Abandoned Mine Drainage (AMD) Tunnel. The project is designed to test the viability and safety of releasing “the millions of gallons of treated mine influenced water during low flow conditions into the local watershed that feeds the Susquehanna River in Pennsylvania”. The Mocanaqua AMD Tunnel holds a significant pool of isolated mine water thought to exceed 500 billion gallons.

“The company’s Gilbert unit (Gilbert Oil & Gas Company) continues the search for such opportunities, leveraging its broad industry valuation experience to develop partnerships with companies operating in the oil and gas space, with the emphasis on positive cash flow. XFUL’s other two subsidiaries, Hydration Company of PA (HCPA) and American Energy Solutions (AES), have a broader remit, however. Their potential markets extend far beyond oil and gas, as their services can be offered to municipalities, factories, and farming, power production and other industrial concerns. Gilbert’s activities are likely to seed the growth of HCPA and AES, since Gilbert could be their customer. This synergy is set to bootstrap XFUL on its way to becoming fully integrated and operational.”

Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer


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