(TheNewswire)
Vancouver, BC - TheNewswire - August 16, 2023 - CleanGo Innovations Inc. (CSE:CGII) (OTC:CLGOF)(FRA:APO2) (“ CleanGo ”) or (the“ Company ”) is pleased to provide an update to the previouslyreleased news dated July 10, 2023 regarding its downhole Oil & Gasapplication and deployment of 14,000 Liters of CleanGo’s proprietarysolution. CleanGo Industrial is proud to report that after theintroduction of the CS-100 Enhanced Oil Recovery Solution to the welllocated in the North Texas area of Denton (just outside of Fort Worth)has resulted in the production of oil for the first time since the newreservoir was completed.
The CG-100 Enhanced Oil Recovery Blend was pumped intoa carbonate reservoir at a depth of 7,720 ft and a bottom holetemperature of 177F. During the zonal completion, previous drillingcontaminants and a heavy sludge hindered inflow due to pluggedperforations and a damaged formation. The CleanGo CG-100 blend waspumped downhole to clean and restimulate the reservoir to cure theformation damage and unplug the perforations. Following a soakperiod, the well was put on pump.
After 8 days the reservoir that failed to producehydrocarbons prior to the treatment started to produce both oil andgas. The CG-100 proprietary solution was successful in turning apreviously damaged formation into a viable and economic reservoir.
"This development helps to solidify our impact onthe industrial applications of our proprietary industrial blends andadds significant value to our industrial model and our company as awhole" Anthony Sarvucci, CEO of CleanGo Innovations stated. "By replacing the toxic chemicals currently used in the Oil andGas space with our proprietary green and environmentally friendlyproducts, this is a win for both CleanGo Innovations and Oil and Gascompanies as a whole”.
About CleanGo Innovations
CleanGo Innovations Inc. is an international, publiclytraded company that specializes in the development of early-staged,green, non-toxic and sustainable products used in retail, commercialand industrial applications.
The company is proud of its suite of proprietary, GreenSeal Certified non-toxic green products that are Health Canadaapproved to claim 99.9% disinfecting of viruses and bacteria on a hardsurface. CleanGo’s portfolio is proud to be a part of Cruelty Free /Leaping Bunny as a certified product while being both family and petsafe. It is CleanGo’s mission to create the world’s leadingnon-toxic, green solutions for the worlds cleaning problems.
CleanGo Innovation’s experienced team brings newideas and innovation based on science to find solutions to theproblems of current world we live in. Customers rely on quality,nontoxic products to keep their homes clean and their loved onessafe.
On behalf of the CEO & Board ofDirectors
Anthony Sarvucci
Chief Executive Officer
CleanGo Innovations Inc.
For More information Contact:
Phone 1 949 200 6534
Forward-looking Information
This news release may contain forward-lookingstatements and forward-looking information (collectively,“forward-looking statements”) within the meaning of applicableCanadian and U.S. securities legislation. Forward-looking statementscan often be identified by words such as “will”, “plans”,“expects”, “may”, “intends”, “anticipates”,“believes”, proposes” or variations of such words includingnegative variations thereof and phrases that refer to certain actions,events or results that may, could, would, might or will occur or betaken or achieved. Actual results could differ from those projected inany forward-looking statements due to numerous factors, includingrisks and uncertainties relating to general economic, market orbusiness conditions or changes in laws, regulations and policiesaffecting the Company’s operations. Investors are cautioned thatforward-looking statements are not guarantees of future performance orevents and, accordingly are cautioned not to put undue reliance onforward-looking statements due to the inherent uncertainty of suchstatements. Any forward-looking statements included in this newsrelease are made as of the date hereof and the Company does not intendto update or revise any forward-looking statements, except asexpressly required by law.
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