Voobon Ventures Strikes Oil with Legacy

May 20, 2009 - PRLog -- Voobon Ventures will strike oil once they’re deal with Legacy Petroleum and Mineral Extraction is closed.

Legacy Petroleum and Mineral Extraction (Legacy) is a tar sand and oil shale extraction company that owns and developed the proprietary, proven intellectual property that has successfully produced quantity barrels of quality oil through their patent-pending process. Legacy’s main objective is to mine oil sands, separate the oil from the sand, and send the materials to asphalt industry. Legacy will generate their revenue through three main products: asphalt, crude oil, and sand sales. Legacy is the only company in the world that can extract oil from both Tar Sands and Oil Shale—and is the only company to do it with no emulsions and 100% recovery.

The Legacy process effectively extracts oil from the rocks that trap the precious asset while allowing the sand and shale to be returned, completely clean, to the Earth.  The Legacy process is a sealed, vapor-solvent process that creates no omissions while sacrificing no quality. Without smoke stacks, tailings ponds, and other harmful elements of the current less-effective extraction processes, the Legacy process is completely environmentally safe.  Legacy works with the oil sand, takes advantage of gravity, recovers heat values, while keeping the environment in mind.  Only a small work force per plant is required.  Although profit is a motivating force, Legacy also has a goal to help countries and people wherever there is a reasonable resource to recover- beginning right here on U.S. soil.  Legacy truly wants the best for the world and through a partnership with Voobon Ventures, they will have a huge potential to contribute.

"Oil is among the major resources we need for daily life.” said Mark Shariar, President and Managing Director of Voobon Ventures. “Legacy has found a way to produce it at a low-cost and with our investment, the oil industry will never be the same.  We look forward to finalizing our partnership with Legacy Petroleum.”

About Voobon Ventures, Inc.

Voobon Ventures, Inc. headquartered in Atlanta, Georgia with offices in New York City, Chicago, Las Vegas, Las Angeles and London is a closely held venture capital firm, with managed funds under $5 billion. Under the direction of its President and Managing Director, Mark Shariar, its investment clients have selected Voobon Ventures based upon consistent sound returns in a tough economy and the privacy offered through the fund. Voobon is actively engaged in both short and long term investments with its long term primarily focused on leading edge companies in the communications, entertainment, technology, medical technology, real estate, manufacturing, mining and energy industries. Additional information is available at www.voobonventures.com.

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