Optimal Resources Inc announces successful completion of initial field test of Enhanced Oil Recovery technology

CALGARY, Sept. 13, 2011 /CNW/ - Optimal Resources Inc ("Optimal") of Calgary, Alberta announced today that it had completed the initial phases of field application pilot test of its Enhanced Oil Recovery (EOR) technology on a previously "depleted" high salinity heavy oil reservoir near Lloydminster, Alberta with encouraging results. The technology is under exclusive worldwide license to Optimal from Quadrise Canada Corporation, is supported by patent applications and involves the use of a novel, minimal environmental impact EOR solvent system called E2EOR®.

Mr. Alf Fischer, CEO stated that "We have demonstrated that E2EOR mobilizes and recovers oil from a depleted conventional 12 API heavy oil reservoir in the Lloydminster area which still contains significant remaining volumes of in place oil. The field results support the highly successful laboratory development and results achieved at the Alberta Innovates Research facilities and the work of our scientific advisory team.  We are optimistic that further development and application of our E2EOR technology will lead to important increases in recoverable reserves both in Alberta and internationally."

Optimal plans to progress towards a commercial project in Lloydminster whilst selectively approaching industry in Canada and internationally to jointly apply the technology to qualifying mature heavy oil reservoirs with large remaining in place resources. Research work is continuing on alternative reservoir applications to expand its applicability.

SOURCE Optimal Resources Inc.

For further information:

Contact;

Alfred Fischer

Email;  affischer@optimalresourcesinc.com

Phone 403-815-1573

Profil de l'entreprise

Optimal Resources Inc.

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