OriginOil (OOIL) GEN2 System Ready for “The Delta”

 
NEW YORK - Oct. 10, 2014 - PRLog -- The game changes again for the Oil and Gas industry with OOIL leading the charge through a scaled up CLEAN FRAC System appropriately named “GEN 2″.  Today OriginOil Inc’s CEO Riggs Eckelberry released an update on some incredible developments and key milestones that the Company has hit over the last few months.

Included in this is the completion of the build-out of OOIL’s GEN 2 CLEAN-FRAC system.  This system has the capacity to handle up to 12,000 barrels of water per day or roughly 500,000 gallons and is completely modular so if there is a need to handle more water, all a customer needs to do is hook up more systems.

Mr. Eckelberry states, “Our GEN 1 industrial demo system was up and running! That’s how we are proving the tech to prospective clients, with real contaminated water in the field. Meanwhile, we ramp up GEN 2 to deal with 10,000 bpd and well beyond.”

Now that this second generation has been completed Origin is now ready to send it out to be put through its paces at ISI’s facility in Delta, Colorado. In addition to these successes in Oil and Gas, the company has also continued to pursue a market-leading roll in algae harvesting mainly for the purposes of offering a source for animal feed.  Heard at the ABO Summit: “this is the hottest thing on this show!” (Hugh Morris, AlgEternal)

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Matters discussed in this release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company's future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein, are included in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

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Tags:Fracking, Oil And Gas, Riggs Eckelberry, Originoil, Ooil
Industry:Energy, Investment
Location:New York City - New York - United States
Subject:Projects
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