EnergyReclamation LLC signs a MOU with Manticore Technology LTD

Tulsa, OK USA/Dhaka, Bangladesh: Energy Reclamation LLC and Manticore Technology LTD announced today the signing of a Memorandum of Understanding (MOU) between the two Companies. Amyn Hudda, Managing Director of Manticore Technology, signed off on the agreement from his Corporate offices in Dhaka, Bangladesh after gaining board approval early this morning . Manticore will immediately start to work introducing Energy Reclamation’s Enhanced Oil Recovery (EOR) Technologies to Petrobangla and the Bangladesh Government. Manticore will also be in charge of the Pakistan Government's introduction to Energy Reclamation's Technology.

Mr. Hudda's Quote goes here.

Energy Reclamation will in return start the review of the several energy projects that are on the future agenda for those two countries as well as bringing joint venture partners to Manticore. Energy Reclamation will focus on Manticore and their abilities to work within the region to ER LLC's sixty-one global associates . Manticore is a sister concern of the Olympic Group, the leading conglomerate in Bangladesh. The Olympic Group deals with innumerable goods and services, but is mainly engaged in supplying requirements of the Government, semi-government and autonomous bodies. It attaches special importance to technology-based products and equipment since it believes technologies are the key to economic development of their nation. Out of such belief the company is working to bring in different high-end technologies from other sources.

Bangladesh lags behind many other countries in several terms, but, mainly for technological backwardness. As the leading business conglomerate, serving the economy for a long time, Olympic Group can well realize the drawbacks of the country. Out of that realization, Manticore Technology Limited, has been putting especial concentrated emphasis on technological items. The company wants to bring in technological breakthroughs from the West for the economic benefit of the country, as it does not believe only in doing business but also in serving the nation through helping attain economic development.

Manticore wants to be involved with globally renowned companies and act as the bridge between those companies and the local bodies requiring their products and equipment.

Manticore’s other mission is to make a greater contribution to help the country solve the power crisis by setting up power projects and other means because it believes energy is a main driving force of industrialization and economic development. In the interest of the country’s people, the company also wishes to introduce many more consumable goods in the local market place.

Following Energy Reclamation’s formation and initial evaluation of EOR product Energen number 9 in July 2005, the company has spent several months working with internationally renowned energy recovery expert Dr. Sayavur Bakhtiyarov to bring forward the next several “Game Changers” in Enhanced Oil Recovery technologies.

Roy Wales, Chairman of Energy Reclamation, LLC said, “ We fully understand the economic situation in their area but after a vigorous sales campaign by Mr. Hudda we have seen a future opportunity to bring a strong energy program to their abundant natural resources and have a very rewarding business relationship for our team and for their nation. We look forward to the initial project".

Four of ER LLC's technologies was unveiled and discussed at an Engineer’s Society of Tulsa Press Conference, Tulsa, Oklahoma and the Quarterly Trans-Pecos Society of Petroleum Engineers in Midland/Odessa, Texas recently.

Dr. Bakhtiyarov was the featured speaker at both events discussing these technological breakthroughs and answering questions from the large audiences of professionals and representatives from several major oils industries.

Energy Reclamation, founded in 2005, seeks to promote their technology that revives mature, declining or abandoned oil and gas fields , exploiting as of yet untapped resources from the stranded reserves. By injecting into the well using their patented technology and patented machinery, the oil or gas left unclaimed can now be mined effectively with one or a combination of these cost efficient Technologies.

Energy Reclamation, LLC. 212 N. Main Tulsa 74103

Tel. (918) 585-1363 E-Mail: roywalesco@aol.com http://www.energyrec.com

Contact: Amyn Hudda @ amyn@manticore.com.bd

http://www.oilvoice.com/m/default.asp

Opcion Technologies [P] Ltd.
97/2, Fifth Street Extension,
(Behind Kalyan Jewellers)
Gandhipuram, Coimbatore 641 012.

E-mail : info@opciontech.com
Phone : 0422-4371993
Mobile : +91 94432 03321

This release was published on openPR.