University of Alberta Oil Sands Professor Dave Sego Named Executive Vice President of Technology at Wentworth Oil Sands
20 März 2006 - 2:07PM
Business Wire
PRINCIPAL INVESTIGATOR AT OIL SANDS TAILINGS RESEARCH FACILITY TO
LEAD RESEARCH INTO COMMERCIALIZATION OF PETROMAX OIL SANDS
SEPARATION TECHNOLOGY Wentworth Energy, Inc. (OTCBB:WNWG) announced
today that University of Alberta oil sands professor Dr. David Sego
has been named Executive Vice President of Technology at Wentworth
Oil Sands. Dr. Sego will lead the R&D team at Wentworth Oil
Sands as it moves to commercialize the patented Petromax
hydrocarbon separation technology. "We are extremely honored to be
working with such a qualified and experienced oil sands
professional as Dave Sego, who brings with him decades of research
into oil sands' technologies," said Roger Williams, Wentworth Oil
Sands CEO. "As the principal investigator at the Alberta Oil Sands
Tailings Research Facility Dr. Sego is on the leading edge of oil
sands separation technology, studying the viability of many of the
technologies of interest to large oil sands producers. His
facilities in Alberta have also conducted early research into the
commercial application of the Petromax process." "I believe the
environmentally friendly and cost-effective Petromax technology
represents a major incremental step forward in oil sands separation
technology," stated Dr. Sego. "As Wentworth Oil Sands proves the
technical and commercial feasibility of using the Petromax
technology for oil sands extraction, it could have a very profound
impact on the energy industry in the U.S., Canada and other parts
of the world containing abundant oil sands deposits. The next step
for the technology is to demonstrate in the field that we can use
the Petromax process to deliver commercial scale heavy oil
production, and that is what our research and development will
focus on in the coming months." "Several years ago, Dr. Sego spent
a sabbatical working for Suncor Energy, the second largest oil
sands producer," added Barry Rosengrant, Petromax Technologies
founder. "Even though his main concentration is in the remediation
of the huge oil sand emulsified tailings ponds, Sego is a walking
encyclopedia of all things related to the production side of the
oil sands business." Dr. Sego is a University of Alberta
engineering professor and the principal investigator at the
University of Alberta's Oil Sands Tailings Research Facility, a
unique academic and industrial research facility dedicated to
collaborative and multidisciplinary oil sands tailings research.
Since 1990 Dr. Sego has received over $9 million in research
grants, new equipment and facilities, and grants and contracts from
private industry and government agencies. The major focus of his
research during this period has been on understanding the behavior
of mine wastes in cold regions, as well as research on minimizing
the environmental impact of industrial waste streams. About
Wentworth Oil Sands Inc. Wentworth Oil Sands Inc. is a joint
venture between Wentworth Energy, Inc., and Petromax Technologies
LLC. Formed to develop oil sands projects, the joint venture has
exclusive rights to the Petromax hydrocarbon separation technology
for Oil Sands and several other specific commercial applications
including the marketing rights for Petromax in emulsified Oil Sands
tailings remediation, and further rights to market the technology
in Canada and the United States including use in the stimulation of
oil and gas wells, tank sludge cleaning projects and oil pipeline
transportation. About Petromax Technologies LLC Petromax is the
developer of a proprietary process combining non-hazardous chemical
formulations with shearing technology that separates oil and other
commodities of value from inorganic material to which it adheres.
This process has application to international markets for oil
sludge removal, down-hole oil field stimulation, hazardous waste
remediation (e.g., Mature Fine Tailings or "MFT"), and Oil Sands
development. About Wentworth Energy, Inc. Located in Forth Worth,
Texas, Wentworth Energy, Inc. is a diversified energy company
focused on the responsible development of America's natural
resources while driving to maximize shareholder value. Wentworth
Energy will apply innovative technologies toward the discovery and
development of a diverse portfolio of high-value, low-risk energy
projects such as the Company's opportunities in the Oil Sands of
eastern Utah, the prolific oil and gas fields of the Gulf Coast,
and the East Texas gas play. Wentworth Energy trades under the
ticker symbol WNWG. For more information on the Company visit
www.wentworthenergy.com. This news release contains forward-looking
statements that are subject to certain risks and uncertainties that
may cause actual results to differ materially from those projected
on the basis of such forward-looking statements. Such
forward-looking statements are made based upon management's
beliefs, as well as assumptions made by, and information currently
available to, management pursuant to the "safe-harbor" provisions
of the Private Securities Litigation Reform Act of 1995.
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