SCM Technologies Approved For Remediation of Kuwait Oil Lakes
April 10 2014 - 10:09AM
Marketwired
SCM Technologies Approved For Remediation of Kuwait Oil Lakes
TORONTO, ONTARIO--(Marketwired - Apr 10, 2014) - Canadian Oil
Recovery and Remediation Enterprises Ltd. (TSX-VENTURE:CVR)
("CORRE" or the "Company") is pleased to announce that the combined
technologies of its operating partnership, SAR-CORRE MENA ('SCM'),
submitted for review last December, have been evaluated and
approved for the remediation of the Kuwait Oil Lakes. The objective
of the review has been to evaluate the viability of the
technologies. SCM received notice that the associated high value
soil remediation tenders will be forthcoming in the near
future.
The Company will be reporting on the progress of other drill
cuttings and oil waste management tenders in the coming weeks.
About CORRE
CORRE is a Canadian-based oil services company which trades on
the TSX Venture Exchange under the symbol CVR. CORRE provides full
cycle oil waste management solutions to the petroleum industry.
CORRE's customers are primarily in the upstream petroleum sector
(oil production and drilling companies) and downstream petroleum
sector (oil refinery, transportation and distribution companies).
CORRE's operating lines include remediating oil-contaminated soil;
treating sludge, oil based muds and drilling waste, oil recovery;
automated oil storage tank cleaning, oil and gas engineering, and
project management. CORRE provides its advanced environmental
solutions through strategic operating partnerships with some of the
most distinguished companies throughout the world.
Forward Looking Statements
Except for statements of historical fact relating to the
Company, certain information contained herein constitutes
forward-looking statements. Forward-looking statements are based on
the opinions and estimates of management at the date the statements
are made, and are subject to a variety of risks and uncertainties
and other factors that could cause actual events or results to
differ materially from those projected in the forward-looking
statements. Except as required by applicable securities
requirements, the Company undertakes no obligation to update
forward-looking statements if circumstances or management's
estimates or opinions should change. The reader is cautioned not to
place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the release.
CORRE LTD.John LorenzoChairman &
CEO416-368-4027jlorenzo@corre.comCORRE LTD.David FreemanCorporate
Development & Shareholder
Communications416-368-4027dfreeman@corre.com
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