Business
CleanGo Innovations Deploys 14,000 Liters of Their Proprietary Cs-100 Solution into an Oil Well Located Just North of Fort Worth Texas
(TheNewswire) The Company Also Announces Shares For Debt Agreement Vancouver, BC ...
About this update from Cleango Innovations Inc
[{"type":"text","content":"CleanGo Innovations Deploys 14,000 Liters of Their Proprietary Cs-100 Solution into an Oil Well Located Just North of Fort Worth Texas\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n The Company Also\nAnnounces Shares For Debt Agreement\n \n \n \n \n \n Vancouver, BC -\n \n \n TheNewswire -\n \n \n July 11, 2023 -\n \n \n CleanGo Innovations Inc.\n \n \n (CNSX:CGII.CN) (OTC:CLGOF)\n(FRA:APO2)\n \n (“\n \n CleanGo\n \n ”) or (the “\n \n Company\n \n ”) is pleased to provide an operational update\nregarding its downhole Oil & Gas applications. CleanGo Industrial\nis proud to report the introduction of the CS-100 Enhanced Oil\nRecovery Blend in the Denton Texas area north of Ft. Worth. The\nproduct was introduced as an agent to assist with the stimulation in a\nnew formation producing light 42API oil. CS-100 EOR Blend was pumped\ninto the wellbore to clean out an old polymer / LCM invasion that\noccurred while drilling through to the Barnett in 2012. The planned\noperation included isolating the Barnett with a packer and perforating\nthe casing in the oil horizon of interest. Due to wellbore invasion of\nold drilling mud and LCM (lost circulation material) the perforations\nwere compromised with a sludge that prevented wellbore flow. The\nCS-100 EOR Blend was pumped into clean out the perforations and\nenhance the flow of the oil by opening up the perforations and\nformation channels to stimulate oil recovery. The wellbore is\ncurrently being monitored for increased hydrocarbons post treatment.\nMore information will be released via a company press release to share\nthe results of this treatment.\n \n \n \"This development helps to solidify our impact on the industrial\napplications of our proprietary industrial blends and adds significant\nvalue to our industrial model and our company as a whole\" Anthony\nSarvucci, CEO of CleanGo Innovations stated, \"By replacing the\ntoxic chemicals currently used in the Oil and Gas space with our\nproprietary green and environmentally friendly products, this is a win\nfor both CleanGo Innovations and Oil and Gas companies as a whole”.\n \n \n The Company Further announces that it has granted 210,900 options to\ncertain Directors, officers and insiders. The Option are granted with\nan exercise price of $0.35 per option and shall exp...