World Oil Group Has Sold Two More Tanks of Crude Oil
to Ergon Refinery
DEBARY, FL / ACCESSWIRE / October 2, 2015 /
World Oil Group, Inc. (PINKSHEETS: WOGI) is pleased to announce it
has completed a transaction with MDN PERU S.A.C and MDN.COM ERIL
heavy equipment operators in Lima, Peru.
World Oil Group, Inc. would like to welcome MDN Peru and its
staff to the WOGI Group of Companies.
World Oil Group, Inc. is proud to announce it's first of more to
come acquisitions by creative financing that does not dilute its
shares, but is truly a value add to World Oil Group, Inc. and its
shareholders.
World Oil Group entered in to a Securities Exchange Agreement
with both MDN PERU and MDN.COM and exchanged 500,000 shares of
WOGI's restricted common stock for a 49% interest in each company.
WOGI has also agreed to reinvest $125,000 of its share of the
revenue generated back into each company.
The transaction brings assets to the books of WOGI along with
revenue from ongoing existing operations from two companies. WOGI
will help grow MDN operations to into multiple markets in the
construction, mining and government contracting services in Peru
and the surrounding countries.
WOGI's CEO Nathan Hall is no stranger to construction, heavy
equipment and emergency management, he has a background as a Class
A General Contractor including telecommunications/military
satellite (Quality Assurance Evaluator-QAE-Contract Office
Representative/communications installer) and Direct Broadcast
Satellite installation from the US Army and in his civilian life.
He can bring his experience and consulting in working in overseeing
and evaluating opportunities for WOGI South America's diverse
operations. WOGI South America, S.A.A. is diverse company in
Petroleum, Mining, Agricultural, Commodities, Business Services and
Real Estate & Construction. It's the base to grow in Central
& South America.
Peru plans to implement projects in excess of 43 billion dollars
over the next five years and to develop these projects the country
will require equipment, and considering that these projects only
use 30% of their costs in equipment, they will spend 13 billion
dollars in earthwork and cargo handling equipment used. Therefore,
the demand for high tonnage cranes is growing, as the projects are
getting bigger and require larger capacity equipment and scope.
MDN Group is divided into two companies: MDN.COM EIRL and MDN
PERU SAC. Which are Peruvian companies with over 5 years of total
experience in the Peruvian market. It is dedicated to the sale,
maintenance and rental of heavy machinery and cranes, while serving
customers in the mining, construction, and energy among others. MDN
Group is recognized in the market as the leader in the segment of
rental of cargo handling equipment and cranes of high tonnage and
as a reliable service provider.
MDN.COM EIRL, was created in 2011 for the purpose of providing
rental services of cargo handling equipment of low tonnage
equipment, with its main customers and companies in the mining and
construction category such as; Odebrecht, Camesa, JME, MMG, ABB,
and Tecnofast among others. MDN.COM began operations at the Las
Bambas project renting trucks and cranes of lower tonnage. MDN.COM
went to offer its services in the expansion of the Port of Matarani
customer with Odebrecht and many other projects in the country.
MDN PERU SAC, provides equipment rental services in cargo
handling of high tonnage equipment. MDN currently has operations in
the Chaglla Hydroelectric project our client Odebrecht is renting 2
cranes of 300 tons and 16 tons, which are used to mount the
pipeline 200 meters high, which is considered the riskiest
throughout the construction process on this project. MDN also
services ABB, MMG Las Bambas, JME and other clients.
MDN is already positioned in the market to rent cargo handling
equipment. Therefore, MDN has has secured the demand to sell and
rent equipment. MDN also has experience in managing the fleet in
such a way to reduce operating costs and maintenance, so to
increase profits and reduce the time for payback of new equipment
is seek to acquire and bring to Peru. Both companies were founded
by professionals with over 20 years of experience in fleet
management, having worked in different areas as mining,
construction, energy in the areas of planning, operation and
administration.
WOGI CORPORATE UPDATE:
World Oil Group, Inc.is a developmental stage company that
acquired a public company via reverse merger that was grossly
mismanagement and filled with debt. True leadership was implemented
and verifiable and measurable business is now in place with an
entire new team and company.
World Oil Group, Inc. has no association with previous ownership
and nor is it the same as the previous company in anyway shape or
form.
Its leadership is world class with a vast amount of
international expertise and connections.
World Oil Group, Inc.'s staff is committed and has spent a great
deal of its personal time, effort and money the past year cleaning
up the mess it acquired in order to protect its shareholders by not
letting it go into default/legal action.
Since the acquisition a little over 12 months ago, World Oil
Group, Inc. has paid off all the convertible debt to Baron Capital
the previous owner(s) put on the company, cleaned up its messes,
and met all its benchmarks as it stated in its Press Releases in
first quarter 2015.
World Oil Group's team has spent time evaluating value add
opportunities, hand picking a world class team with major
accomplishments, acquiring asset(s) and building a solid company
that is diverse and balanced. It's now truly positioned for
growth.
World Oil Group, Inc. has balanced out its portfolio via its new
subsidiary WOGI South America, S.A.A. Operations based in Lima,
Peru.
World Oil Group, Inc.'s CEO Nathan Hall is committed to serious
growth and is always evaluating capital partner(s).for potential
grow opportunities.
About World Oil Group, Inc.
World Oil Group, Inc. is an international petroleum company that
uses actionable intelligence from its strategic relationships to
target and identify niche market opportunities in and out of the
Unites States.
World Oil Group, Inc.'s executive team and advisers have a vast
military and international sector experience in hostile and
emerging markets where oil field and mining operations are the
dominant source of revenue.
WOGI's team/advisors range from a double Post Doctorate in
Petroleum/Mining Engineering to a Princeton University PhD graduate
in Economics to an International Ambassador(s) to US Military
Paratrooper(s) to British Special Forces to Graduate of Harvard
Executive Studies Program to a former V.P. of Business Development
of a multibillion dollar corporation.
WOGI's team and advisors have worked on every major continent in
the world at multiple levels of government and private sector
business.
World Oil Group, Inc., engages in various vertical and
horizontal opportunities within the petroleum markets such as Oil
Exploration, Enhanced Oil Recovery, Hydro Carbon Remediation,
Energy Trading, Oil & Gas Industry Product/Equipment Sales, Oil
Field Security and Pioneering Micro & Nano refinery
operations.
World Oil Group, Inc. continues to seek opportunities in niche
markets where it can use its international experience and "boots on
the ground" strategic relationships to continue leveraging its
analytical experience in emerging markets and continue to grow
shareholder value.
WOGI will continue increasing shareholder value by serving
niches areas of opportunity and not casting its self too deep in
one area as to get caught in the downturn of the oil markets that
are politically controlled and not market driven.
EPA Petroleum, Inc. "EPA" is a wholly owned subsidiary of World
Oil Group, Inc. (WOGI). The Company is an independent producer of
crude oil and natural gas. EPA Petroleum is actively involved in
drilling activities within the Commonwealth of Pennsylvania using
its subcontract drilling partner.
World Oil Group, Inc. is now taking the path breaking challenge
to lead the world on its "Sustainable Oil & Gas Field Model"
implementing the concepts and related applications model in the
Petroleum Industry. WOGI is always seeking new opportunities in the
petroleum industry and will look to develop economic growth in the
areas it works. As WOGI enters into a market, it will seek to help
bring jobs within its foot print. World Oil Group's vision is to
grow exponentially with the Petroleum Industries using "The
Sustainable Oil & Gas Fields" concepts and applications for
E&P & EOR, and Energy Trading in the USA and around the
world.
The foregoing press announcement contains forward-looking
statements that can be identified by such terminology such as
"believes," "expects," "potential," "plans," "suggests," "may,"
"should," "could," "intends," or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results
to be materially different from any future results, performance or
achievements expressed or implied by such statements. In
particular, management's expectations could be affected by, among
other things, uncertainties relating to our success in completing
acquisitions, financing our operations, entering into strategic
partnerships, engaging management and other matters disclosed by us
in our public filings from time to time. Forward-looking statements
speak only as to the date they are made. The Company does not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
For more information contact:
CONTACT:
Grace Carlton, Chief Communications Officer
World Oil Group, Inc.
Ph. 407-777-9228
gcarlton@worldoilgroup.com
www.WorldOilGroup.com
Twitter.com/epapetroleum
facebook.com/epapetroleum
SOURCE: World Oil Group, Inc.