TEMPE, Arizona, April 19, 2017 /PRNewswire/ --
Lithium Exploration Group Inc. (USOTC: LEXG) has published testing performance data and market research for the Sonic Cavitation Ltd Oil Unit to its website. The document is a collaboration of actual data collected in testing, with comparisons to existing natural gas fired burners and provides market feedback on the highest and best uses of the technology in the oil and gas industry today. The two best uses of the current technology are (1) for pipeline operators to heat and circulate oil in their tanks and (2) to replace conventional natural gas combustion for heat treatment of oil. In collaboration with Sonic Cavitation Ltd. and their vendors, Lithium Exploration Group is taking steps to deliver a unit that meets oil field specified regulation and can be remotely monitored and operated later this summer.
"In Western Canada, the requirement to heat oil is crucial. If oil cools off, it becomes harder to transport and the heavier compounds will drop out of solution and become a maintenance nightmare for operators of fields and pipelines," commented CEO Alex Walsh. "As I said last summer, we are not going to solve all the world's problems overnight; but our testing shows that there are some very addressable solutions that we have already solved for and, once we get a single unit in the field and can run it 24/7 for a few months, the Sonic Cavitation team will have more orders for this design than they will be able to fill."
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.
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.
SOURCE Lithium Exploration Group Inc.