SHERIDAN, WY, December 5, 2014 — Next Fuel, Inc. (OTCQB: NXFI), a technology provider and service company that offers services to the oil and gas industry announced today it has initiated a field test of their recently acquired Integra Disc Filtration System. The system application is for treatment of oil field produced and Frac flowback water. The test site is located in the oil rich Permian Basin in West Texas. Next Fuel delivered to the site a mobile Integra system that has begun filtering water. The pilot will be treating approximately 400 gpm (gallons per minute) of the produced water and once completed, it is expected that the Integra could be deployed to as many as 20 sites with similar waste water issues in the 1500 gpm range for this same customer. The operator has had several obstacles with the current system and the Integra is being introduced to mitigate those difficulties.
“We believe our Integra system will demonstrate its superior operating and cost saving attributes in the huge market offered by the oil and gas industry, and a successful large-scale pilot will jump start our efforts to break in to this market”, stated Robert Craig, Chairman and CEO of Next Fuel, Inc. “This positive pilot should open the door to many other operators in this and many other basin around the country ultimately driving company revenue”, concluded Mr. Craig.
About Next Fuel, Inc.
Next Fuel, Inc. is a technology provider and service company that offers services to the oil and gas industry. The Company is focusing its efforts on water treatment technologies that offer solutions for low cost, high volume commercial remediation.
The Company continues to develop its Low Energy-input Pervaporation Technology for providing the oil and gas industry with a new cost-effective method for treating waste water that contains the most environmentally challenging, high salt, and total dissolved solids used or produced in U. S. oil and gas operations.
In collaboration with leading research institutes, Next Fuel, Inc. intends to identify, develop or acquire a portfolio of growth opportunities with compelling market potential that are consistent with clean energy and environmental stewardship. Current projects for longer term commercialization include processes for carbon dioxide conversion and carbon loop closure, and biological fuel cells.
This announcement contains forward-looking statements, including statements regarding the timing of future acquisitions and future products and services to be offered by the Company, all of which involve risks and uncertainties. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, the results of due diligence investigations, negotiations between the Company and Layne Christensen Company, and other factors discussed in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements are based on information available to the Company as of the date of this news release, and the Company assumes no obligation to update such statements.
For additional information, please contact:
Next Fuel, Inc.