PHOENIX, February 23, 2017 /PRNewswire/ --
Lithium Exploration Group Inc. (USOTC: LEXG) today announced preliminary results from testing conducted last week. The Sonic Cavitation Ltd Ultrasonic Generator was configured to evaluate the technology's flow capacity in the heat treating of oil. Extensive analysis of the test results is underway. Preliminary results for heating oil to 160 degrees Fahrenheit at a flow rate of 36 barrels per hour indicates that the Ultrasonic Generator may be as much as 1000% more efficient in the separation of gas and water from oil than the conventional separators that use burner tubes and combustion of natural gas.
The field test results so far indicate that the actual performance of the Ultrasonic Generator is far better than the results featured in a press release on January 26, 2017, which did not measure the volume of oil processed. This test increased the flow of oil through the system and ran at an overall lower temperature, which significantly decreased the power consumption. Traditional heat treaters utilize a burner tube and combustion of natural gas to reach a specific flow and temperature required by the operator. Over time the fire tubes in these treaters lose the efficiency of how they transfer heat to the oil in the tank. Our preliminary research shows that a treater with an older fire tube can lose as much as 65% of its efficiency in heat transfer. This test demonstrated that for an operator utilizing an older heat tube in their treater has the potential to increase in efficiency as much as 1000% and at the same time go to a zero emissions treater.
The increased industry interest in lithium batteries continues to make the Ultrasonic Generator even more valuable in the long-term in regard to its potential for efficiently separating lithium from lithium Brine. However, the revenue potential in the lithium industry is yet to be developed while the revenue potential of the Ultrasonic Generator in the oil industry is likely much more immediate. Accordingly, LEXG will continue developing the potential of the Ultrasonic Generator in both the oil and Lithium battery sectors.
About Lithium Exploration Group
Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently the company is focused testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada. Lithium Exploration Group is traded on the OTC Markets under the symbol LEXG.
Website: http://www.lithiumexplorationgroup.com .
Safe Harbor Statement
This news release contains "forward-looking statements". Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future testing of the ultrasonic technology.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of lithium prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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SOURCE Lithium Exploration Group Inc.