CybeRelease: (OTC: MSRM) Announces Dramatic Results of Tests on Estonian Oil Shale
(CybeRelease, July 26, 2006) - Lake Harmony, PA - Mobilestream Oil, Inc. (OTC Pink Sheets: MSRM) is pleased to announce that in preliminary lab tests on oil shale, Mobilestream gasified the oil out of the shale, thereby reducing the weight of the shale by 45%. The samples for this most recent test were provided by QCell Limited of Estonia. QCell, a leader in shale exploration in Estonia, processes 13 million tons of oil shale a year. Using existing technologies, QCell is currently able to extract only 15% by weight from its shale.
Mobilestream anticipates that it will be able to increase the reduction by weight in a shorter time frame in the next few weeks with continuous testing on the new lab unit. These results lead Mobilestream to believe that with the creation of the right environment insitu (in the ground), the company will be able to extract oil from the shale in the ground, onsite without negatively impacting the surrounding environment. As the oil is recovered, it could be fractionalized, thus reducing the need additional refining.
With these results in hand, Mobilestream is working to secure a licensing agreement for the commercialization of the technology which should result in significant licensing and royalty revenues for Mobilestream.
To read the complete release, go to http://www.CybeRelease.com/msrm72606.htm.
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