ATLANTA, Aug. 16, 2006 (PRIMEZONE) -- Mobilestream Oil, Inc. (Pink Sheets:MSRM) announced that the company is now profiled on Market-Pulse.com. Mobilestream Oil is an innovative, worldwide petroleum research, engineering and development company. Mobilestream is an oil and natural gas exploration company focused on using its proprietary technologies for reverse polymerization and pyrolysis of materials and to maximize the output of under-utilized and non-producing oil wells in order to squeeze out every last ounce of production. Individuals interested in more information on the company can view the profile at http://www.market-pulse.com/msrmprofile.htm.
Mobilestream Oil has perfected a means to apply microwave energy in a novel, patent pending process that can potentially revolutionize the oil and gas industries and help reduce dependence on foreign oil. Using these same proprietary technologies, Mobilestream has successfully broken down tires into the tire's component parts, capturing for resale virtually all of the raw materials used to manufacture the tires.
The company's new patent pending discoveries encompass six years of research. Since then, Mr. Frank Pringle has identified approximately 900 specific microwave frequencies intrinsic to hydrocarbons and applied in linear acceleration with molecular excitation of polar molecules, primarily carbon. The discovery provides carbon-specific and energy efficient microwave frequencies to gasify hydrocarbon molecules within their environment. Mobilestream's long-awaited commercial prototype unit has arrived and has been installed at the company's West Berlin, NJ headquarters. The company has already begun running tests on several of the samples of shale, oil sands and slurry oil provided by several of the world's leading petrochemical companies.
Mobilestream Oil just recently announced a breakthrough on gasification/cracking Resid Oil to 95-99 percent. The United States uses 21 million barrels of crude per day. After being refined into various fuels, 1 million barrels of Resid oil cannot be economically broken into useable fuels. The remaining Resid oil that could not be gasified/cracked is sold at an estimated price of $3.00-$10.00 per barrel. As a result of this testing, two major U.S. petrochemical companies over the course of the next two months will visit the office of Mobilestream to investigate the gasifying/cracking process. Mobilestream is working to secure a licensing agreement for the commercialization of the technology with one or more of the world's leading oil companies which should result in major licensing and royalty revenues for Mobilestream.
According to Bernard R. Schmitt, CEO of Market Pulse, "We are very excited to introduce Mobilestream Oil, Inc. to the investment community. Mobilestream Oil has made excellent fundamental strides over the last few months. MSRM is potentially poised to become a significant player in the oil and natural gas industries." Bernard Schmitt also noted that, "Increasing prices continue to make primary and less conventional methods for extracting oil more cost effective, and while Mobilestream Oil is relatively small compared to some of the larger players in the industry, their size is its advantage as they feel they can quickly and effectively capitalize on expeditious opportunities. This little known company could be the next discovered gem in this industry."
Through its master licensing agreement with Carbon Recovery Corporation, the company has begun receiving royalty payments from Carbon Recovery. To date, Mobilestream has received four hundred sixty seven thousand dollars ($467,000.00) in income in the form of royalty payments. These payments represent the beginning of what the company anticipates will be a long string of continually increasing payments as the company's proprietary technology continues to be developed and commercialized.
Most recently, Mobilestream has successfully tested samples given by EnCana for the Fort McMurray area in Alberta, Canada, for oil cuttings. The sample results using Mobilestream Oil's technology were at a level of 0.01%. According to industry sources, until now no one has been able to reduce the contaminants in cuttings to the level of 0.01%. These lab results have been confirmed by Intertek, a third party that has labs in Houston, Texas. Mobilestream's technology can reduce the contaminants to 0.01%, thus, the contaminants can be disposed of on-site. This could result in significant savings (averaging around $300-$600 dollars per ton) to the oil drilling industry. With an enterprise value of approximately US$50,000,000,000, EnCana is one of North America's leading natural gas producers, is among the largest holders of gas and oil resource lands onshore North America and is a technical and cost leader in the in-situ recovery of bitumen.
Furthermore, an examination in regards to the disposal of oil-based cuttings in the central and northern parts of the North Sea as a whole were conducted for the Norwegian Oil Industry Association (OLF), by Anderson et al. (in 1996). It was estimated that the total weight of cuttings and mud discharge during an unspecified period was 695,726 m3, with a weight at discharge of 1,473,282 tons. These discharges were from 1,467 wells at 56 sites. This was calculated to 1,004 tons/well and 26,309 tons/site, though site values varied considerably. If Mobilestream Oil's technology would have been used in the North Sea, it would have resulted in an estimated savings of $441,984,600 dollars at $300 per ton and $883,969,200 at $600 per ton to the oil drilling industry.
About Mobilestream
Mobilestream Oil, Inc. is an innovative oil and natural gas exploration company focused on using our proprietary technologies for reverse polymerization and pyrolysis of materials and to maximize the output of under-utilized and non-producing oil wells in order to squeeze out every last ounce of production. Increasing prices continue to make primary and less conventional methods for extracting oil more cost-effective, and while Mobilestream Oil is relatively small compared to some of the larger players in the industry, our size is our advantage as we feel we can more quickly and effectively capitalize on expeditious opportunities. Using these same proprietary technologies, Mobilestream has successfully broken down tires into the tires' component parts, capturing for resale virtually all of the raw materials used to manufacture the tires.
About Market Pulse
Market Pulse LLC, the owner and operator of Market-Pulse.com (collectively referred to as "MP"), is a leading investor relations firm whose primary focus is promoting awareness among brokers, investors, and others in the investment community who are interested in small and micro-cap companies. MP is dedicated to helping publicly traded companies gain the exposure they need to move forward with the development of their business plans. MP's goal is to feature equity investments in micro or small capitalization companies that have the potential for long-term appreciation. MP provides investors with a complete suite of online interactive financial data and tools that includes quotes, charts, company profiles, news, market commentary and SEC filings, just to name a few. MP offers a free financial newsletter. To subscribe or get more information, visit our home page located at www.market-pulse.com.
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