HOUSTON, Aug. 24, 2006 (PRIMEZONE) -- Stonebridge Resources Exploration Ltd. (Pink Sheets:SBRX) announced that the Company has completed negotiations to obtain state-of-the-art (NCO2) enhanced oil recovery technology. Utilized by major oil companies for several years (NCO2) technology has proved successful by increasing oil production in various types of oil reservoirs.
The process can typically restore a well back to its original flow rates while potentially dealing with greenhouse gas emissions. Enhanced oil recovery is designed to restore reservoir pressure, increase oil production and lower operating costs. Every oil producer's goal is to achieve increased oil production with the least amount of cost possible. The (NCO2) technology will serve well to enhance extraction methods from Stonebridge's existing and future oil and gas projects. By using nitrogen and carbon dioxide gas injection unites to "pump up" and re-pressure oil wells, we are able to significantly increase oil output from these assets with this innovative process. The Department of Energy has determined that it can add 89 billion barrels to recoverable oil resources of the U.S
As the need for alternative sources of energy increases, Stonebridge Resources Exploration Ltd. intends to strengthen the position of the Company for the demands that lie ahead. The (NCO2) technology will prove to be a beneficial asset, as environmental and regulatory restrictions are imposed on Oil and Gas Companies in the near future.
About Stonebridge Resources Exploration Ltd.
Stonebridge Resources Exploration, Ltd., www.otcsbrx.com has embarked on a new direction which is primarily engaged in the acquisition, development, exploration and production of crude oil and natural gas. Its focus has shifted to aggressively acquiring working interests in crude oil and natural gas properties. The company intends to use modern development methods along with improved drilling technologies to increase well production by up to 500%. The company's goal is to achieve a high return on its investment by limiting its acquisition costs and by practicing sound and intelligent approaches to oil and gas exploration and development.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are forward-looking statements are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties, or other factors which may cause actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels. All information in this release is as of the date of this release. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.