TORONTO, July 26, 2016 /CNW/ - MCW Energy Group Limited ("MCW"), (TSX Venture: MCW, OTCQX: MCWEF, a Canadian-registered company specializing in the development and commercial application of oil sands technologies (the "Company") through its subsidiary MCW Oil Sands Recovery LLC, ("MCW Oil Sands") today announced the issuance of a research report compiled by New York-based consulting firm RB Milestone Group, LLC, titled "Clean Oil Sands Extraction Technologies – A Game-Changer In A Stressed Industry."
The Milestone Group's Research Report on MCW may be downloaded from MCW's website: http://mcwenergygroup.com/reports. The report is also available from RB Milestone Group on its financial social network, HiAlpha®, through the following link: http://www.hialpha-rbmg.com/companies/view/159. This comprehensive report will be distributed throughout MCW's investor networks as well as Milestone Group's network of financial news organizations and clean energy investors. The MCW Research Report provides a perspective on future world markets/prices of oil and the revenue stream potentials available to the Company. The report also focuses on MCW's industry-low production costs ($ 24.00 to $31.00 bbl) and its immediate growth possibilities with a second revenue stream of very profitable remediation projects, making MCW less dependent on fluctuating oil prices.
MCW is currently ramping up production this month with an augmented capacity program from 250 bbl/day to 500 bbl/day, plus the addition of Vivakor Inc's mobile extraction plant (250 bbl/day). Vivakor Inc. is acting as operators of MCW's Maeser, Utah facilities as originally announced by a press release dated May 18th, 2016. ("MCW In Discussion With Vivakor Inc. To Manage….") The Company has also made significant progress on several potential remediation projects: Two in Alberta, Canada and one major clean-up project in the Middle East. Further news will be announced as progress continues.
About RB Milestone Group, LLC:
RB Milestone Group (RBMG) is a New York-based consulting firm that specializes in assisting small and venture-stage companies with enhancing corporate strategy, business development, market intelligence and research. RBMG partners with clients internationally and across a wide range of industry segments, including energy, cleantech, mining, oil & gas, healthcare, professional services, consumer goods on capital markets. Please visit: www.rbmilestone.com or contact Trevor Brucato, Director, at RB Milestone Group ([email protected])
About MCW Energy Group Limited:
MCW Energy Group Limited is focused on value creation via the development and implementation of (i) Proprietary, environmentally-friendly oil sands extraction technologies and remedial tailings ponds project solutions, (ii) Expanding production capacities of its now operational oil sands project in Asphalt Ridge, Utah, (iii) The formulation of worldwide joint ventures and the licensing of oil sand opportunities with private and governmental resource entities within countries possessing extensive oil sands/shale deposits. Please visit: www.mcwenergygroup.com .
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward- looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Forward-looking statements in this news release, include, but are not limited to, MCW maintaining extremely efficient production costs, the ability of MCW to successfully increase the capacity of its current plant to an anticipated 500 bbl/day as part of the Capacity Augmentation Program, the actual estimated performance and results of Vivakor's mobile unit of 250 bbl/day, the commercial viability of the technology and the extraction plant, economic performance and future plans and objectives of MCW; and the commercial production of oil from MCW's oil sands extraction plant in Asphalt Ridge, Utah Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although MCW believes that the expectations reflected in forward-looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, MCW disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE MCW Energy Group
For further information: please contact: MCW Energy Group Limited: Paul Davey, Director of Communications, Tel.: (800) 979-1897 (Ext. 3), Cell: (778) 389-0915, Email: [email protected]