DIDSBURY, Alberta, (http://www.financialnewsmedia.com News Alert) - Xfuels Inc. (OTC: XFLS) is pleased to report on Area 2 Energy progress. Xfuels is pleased to announce that sales are projected to be up by 200%, for the 6 months ending October 2016. Due to Xfuels investment into production and rising commodity prices, according to October AECO futures, sales are anticipated to be 200% higher than purchase in May.
Mr. Michael McLaren states \"Now that commodity prices have increased to a reasonable level our focused goal is to get the field producing at a rate of 2500 GJ/day by the end of November 2016.\" He further stated, \"Our near term target is to have the field producing 3100 GJ/day by the end of the year going into January and February where futures are expected to top $3.00/GJ.\"
The company continues to work on the 4 ton/day Gas to Liquids (GTL) pilot plant and reports progress is going forward on schedule. Once completed the plant will add another $2,500.00 per day in sales of the liquids to the project with minimal effect on the overall gas production. Once installed and proven Xfuels will begin expanding the project to 10 tons per day. (Full Details and Full Release at http://financialnewsmedia.com/profiles/xfls.html)
About XFuels, Inc.
XFuels The Clean Petroleum & Power Company is a publicly held energy company based in Portland, Oregon USA, established to design, build, and operate regionally-integrated, small-to-midcap electricity and petroleum production facilities. XFuels is a leader in carbon-neutral energy solutions, as well as providing water and food technologies specifically designed to improve the quality of life on our planet.
The company\'s (patented and patent-pending) IP delivers one of the highest energy yields (electricity at sub-5 cents per kWh, and diesel fuel profitable at $25 a barrel oil without government subsidies), from a broad range of carbon-bearing inputs (Gas. Coal, forestry, agricultural, and urban waste including municipal solid waste and plastics), with one of the lowest capital expenditures of any known energy production method. One of XFuels technologies literally converts garbage to gas.
XFuels offers a range...
$XFLS News - XFLS Sales Projected Up 200% in First 6 Months - Area 2 Joint Venture Producing Excellent Results
September 28, 2016 at 08:10 AM EDT