NEW YORK, Dec. 9, 2013 /PRNewswire/ -- Energtek Inc.
(OTCBB: EGTK), a leader in hi-tech natural gas solutions and
Adsorbed Natural Gas (ANG) technology, announced that its
newly-formed U.S. subsidiary, AMP - American Mobile Pipeline Inc.
attended the CIPA conference in Bakersfield, CA in late November.
AMP, after joining CIPA, was invited to present its unique
mobile natural gas solutions to over 100 CIPA members at the
quarterly board meeting – at which Gov. Jerry Brown was the guest speaker.
Many CIPA members have wells with stranded since (a) the gas
does not meet the quality required to enter into the utility's
distribution system or (b) it is not economically feasible to build
a pipeline to connect to a grid. Several of these operators
have tried to use the gas in a turbine to produce electricity, but
the size/scale of the projects has proved to be unworkable.
For a few years, CIPA has been working on viable ways to
economically use stranded gas. Indeed, CIPA established
committees to discuss consolidating the stranded gas from several
sites and to bring the gas to a single point for power
generation.
Other CIPA members in the County of Kern, Bay Area, LA Basin and elsewhere have a
situation where the gas produced together with the oil is simply
flared because there are no gas lines nearby. The problem is
these flares create "air pollution", and if the current air quality
does not meet the State's standards (non-attainment), they must
reduce air pollution or be hit with heavy fines.
"During the conference we met with dozens of companies who seek
solutions how to monetize stranded and flared gas by either
delivering it to a processing facility, pipeline or to neighboring
consumers who are not connected to the pipeline and are using
propane/off-road diesel/oil fuel," said CEO of AMP, Mr.
Michael Greenfield. "I believe
we were quite successful in getting across our message and
establishing ourselves as the "pipeline on wheels" solution
provider, aptly named AMP - American Mobile Pipeline."
About Energtek
Energtek develops and applies innovative low-pressure mobile
transportation solutions for industrial consumers and fleets of
small vehicles. The company is also involved in oil and gas
exploration in Israel. Energtek operates subsidiaries in
North America, Europe, Asia
and the Middle East. To learn more about Energtek, visit
www.energtek.com
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of Energtek and its
technologies. Readers are cautioned not to place undue
reliance on these forward-looking statements, which are only
predictions. In evaluating such statements, prospective
investors should review carefully various risks and uncertainties
identified in this release and other matters set in Energtek's
filings. These risks and uncertainties could cause actual
results to differ materially from those indicated in the
forward-looking statements.
Contacts:
Investor Relations
IR@energtek.com
212-999-6202
SOURCE Energtek Inc.