Business
CYBER ENVIRO-TECH 2024 SHAREHOLDER UPDATE; FOCUS ON LIFT COST REDUCTION; OIL/WATER CONTAMINATION REMOVAL; 45 BILLION BARREL ESTIMATED RECOVERABLE RESERVES
CYBER ENVIRO-TECH 2024 SHAREHOLDER UPDATE; FOCUS ON LIFT COST REDUCTION; OIL/WATER CONTAMINATION REMOVAL; 45 BILLION BARREL ESTIMATED RECOVERABLE RESERVES.
About this update from Cyber Enviro-tech Inc.
[{"type":"text","content":"\n\n\n\nCYBER ENVIRO-TECH 2024 SHAREHOLDER UPDATE; FOCUS ON LIFT COST REDUCTION; OIL/WATER CONTAMINATION REMOVAL; 45 BILLION BARREL ESTIMATED RECOVERABLE RESERVES\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCYBER ENVIRO-TECH 2024 SHAREHOLDER UPDATE; FOCUS ON LIFT COST REDUCTION; OIL/WATER CONTAMINATION REMOVAL; 45 BILLION BARREL ESTIMATED RECOVERABLE RESERVES\nPR Newswire\nSCOTTSDALE, Ariz., Jan. 23, 2024\n\n\n\nSCOTTSDALE, Ariz., Jan. 23, 2024 /PRNewswire/ -- Cyber Enviro-Tech, Inc. (OTC Pink: CETI)\n\n \n \n \n \n \n \n\n \nAs we enter the New Year, we felt it would be beneficial to provide an update for all present and future shareholders. In 2023, CETI made significant strides in developing its reservoir enhancement technologies to increase oil production and reduce lift costs. This is in alignment with US fracking and oil industry as a whole, which is rapidly adopting new technologies to lower the delivered cost of oil and gas. CETI's technologies are at the forefront of this movement and we are excited to be rolling them out 2024. \nPresently, up to 8 barrels (bbls) of water is used to produce 1 bbl of oil. This is projected to grow up to 25 bbls in 2025. Cleaning the water and reusing it, or making it potable, is critical to the US's energy and environmental infrastructure. In fact, it is now a law that contaminated, reinjected water must be cleaned prior to reinjection in Texas, the state where our Pilot oil field is located.\nOur approach is relatively unique in that we utilize environmentally friendly technologies (enabling Green Fracking) to cleanse the vast amounts of water being used for fracking and salt water injection. These oil/water contaminants include H2S, iron sulfide, sodium, and radioactive material. While cleansing this reused or repurposed water back into the community, CETI is also able to remove sellable oil during the process (estimated at 1% of all production). This creates another revenue stream for the Company.\nAfter the water is cleaned, it can also be reinjected back into the ground. This eliminates aquifer stress, pollutio...