World Oil Group, Inc., Expanding Current Contract With Awan International General Trading
July 20 2015 - 9:45AM
Access Wire
The Current Contract is Valued at $3,000,000
Annually
DEBARY, FL / ACCESSWIRE / July 20, 2015 / Word
Oil Group, Inc. (OTC: WOGI) is in the process of finalizing its
revised contract with Awan International General Trading (AWAN) to
include other services.
WOGI acquired the contract as part of its assets purchase
agreement with Environmental Protection Associates Inc. (EPAI), in
April 2015. The current contract is for 99 years and covers 11
countries with annual revenues estimated at $3,000,000, for the
manufacturing of the AWAN PRA Oil Field Products.
WOGI is seeking to work with AWAN on EOR projects in the region
without placing a financial strain on the Company or to dilute the
Company. WOGI will supply technical support while AWAN supplies
logistical support.
AWAN has identified numerous EOR opportunities in Indochina.
AWAN has a strong business history in the import/export of
commodities throughout the GCC (Bahrain, Saudi Arabia, Kuwait,
Qatar and the United Arab Emirates) as well as Pakistan, China and
Malaysia.
Mr. Hall and WOGI's incoming COO, Dr. Samuel Armacanqui will
travel to Bahrain in the near future to solidify the revised terms
of the contract, and explore the identified areas.
About World Oil Group, Inc.
World Oil Group, Inc. (WOGI) is a petroleum company that has
traditionally focused on Oil & Gas Exploration in the
Pennsylvania markets by and through its wholly owned subsidiary EPA
Petroleum, Inc. First Quarter, WOGI is scaling up operations in the
MENA, Gulf and Central/South American regions in 2015, the company
will keep its shareholders updated.
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.
CONTACT:
Grace Carlton, Communications Director
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.