Novas Energy USA Inc. to Unveil New Enhanced Oil Recovery Technology at NAPE
Propell Technologies Group Inc., (OTCQB:PROP) Today Announced Its Wholly Owned
subsidiary, Novas Energy USA Inc., Plans to Unveil Its Newly Licensed Enhanced
Oil Recovery Technology Winter North American Prospect Expo (NAPE)
HOUSTON, Texas, Feb. 7, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Propell
Technology Group Inc., (OTCQB:PROP) today announced its wholly owned
subsidiary, Novas Energy USA Inc., plans to unveil its newly licensed enhanced
oil recovery technology as an exhibitor (Booth #2663) at the Winter North
American Prospect Expo (NAPE) being held at the George R. Brown Convention
Center in Houston, TX February 7-‐8, 2013.
NAPE is the world's largest E & P (upstream) conference, and is expected to
attract thousands of attendees. Celebrating its 20th year, NAPE's
"Transforming the Energy Landscape" theme has attracted an impressive line-‐up
of distinguished industry leaders. The speakers and panelists include energy
experts such as Steve Mueller, CEO of Southwestern Energy Company, Eli Gruber,
CEO of Ecologix Environmental Systems, and T. Boone Pickens, Chairman of BP
Capital Management, who will be discussing the significant impact that the
unconventional oil and natural gas boom has had on the economy, job creation
and in revitalizing energy dependent industries.
2013 will be the first year that Novas will host a booth as an exhibitor.
During the expo, Novas management will showcase the proprietary "Plasma-‐Pulse
Technology" which is designed to enhance the recovery of oil. Novas is the
exclusive licensee of this patented technology for use in the United States.
The Company's downhole tool and subsequent well treatment has been attributed
with increasing oil production and injector well fluid flow in over 200 wells.
It does so without any chemicals and therefore is deemed to be environmentally
friendly. The treatment is created to clear the well drainage area of
sedimentation clogging at the perforation zone and increase the permeability
of the reservoir at the same time.
We believe that the U.S. target market is indeed large since it is estimated
that 87% of the known oil reserves in the U.S. remain abundant in the ground.
By optimizing production efficiency, well enhancement and enhanced oil
recovery, we expect that the Novas technology can extend the economic life of
mature oil fields, sustaining more jobs and boost industry profits.
"Although proven only outside of the United States, NAPE provides us with an
invaluable opportunity to introduce our technology within the U.S. industry
and to establish ourselves as a new enhanced oil recovery player," expressed
John W. Huemoeller II, President of Novas Energy USA. "The relationships we
form at NAPE have the potential to provide new prospects for years to come."
About Propell Technologies Group, Inc.
Propell Technologies Group, Inc., operates in two different lines of business.
As Novas Energy USA Inc., its wholly owned subsidiary, the company offers
enhanced oil recovery technology and services through commercial application
of a proprietary "Plasma-‐Pulse Technology." Under the PropellShops brand, it
provides web-‐based e-‐commerce solutions in which schools, nonprofits, teams
or businesses can raise money by easily launching web stores featuring
customized apparel and gifts featuring their brand, logo or other artwork.
Novas Energy USA Inc./Propell Technology Group Inc.
Novas Energy USA Inc., a wholly owned subsidiary of Propell Technology Group
Inc., was recently organized to utilize its proprietary "Plasma-‐Pulse
Technology" to enhance the recovery of oil. Our technology is designed to be
suitable for oil wells as deep as 12,000 and to be highly effective, fast and
economical. For more information, visit
http://www.novasenergyusa.com or call 713-‐227-‐0480, Novas Energy USA, 1701
Commerce Street, Houston, Texas 77002.
This article was originally distributed on PRWeb. For the original version
including any supplementary images or video, visit
CONTACT: Novas Energy USA, Inc.
John W. Huemoeller II
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