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MCWEF: MCW Energy Group Limited
Higher World Oil Prices Allow MCW Energy Group to Enhance Profit Levels as it Moves into its Plant Relocation Plan and a Commercial Production Mode
MCW Energy Group Limited (“MCW”) (TSX VENTURE:MCW), (OTCQX:MCWEF), a Canadian holding company involved in the development of environmentally-friendly oil sands technologies, the production of oil from Utah’s vast oil sands deposits, and remediation projects involving extraction of contaminating hydrocarbons, today announced key elements of a working program for Q4-2016 to Q1-2017 between its two lease properties at Asphalt Ridge, Utah.
Encouraged by the upward trend of world oil prices now hovering at the $ 50.00 bbl. price benchmark, MCW has developed a plan focusing on the reduction of production costs and at the same time completing its previously announced increase of production levels from 250 bbl/day to 500 bbl/day capacity. During 2015, MCW produced 10,000 bbl. and sold close to 6,000 bbl. to the Utah market. The average cost per barrel at the MCW plant site in Maeser, Utah is $ 31.00 – $ 33.00 USD (Validated by Nexant, Inc., 2016).
USMJ: North American Cannabis Holdings, Inc.
North American Cannabis Holdings in Discussions With Alternet Systems on Deal That Could Lead to Second Spinoff and Dividend
North American Cannabis Holdings, Inc. (USMJ) today announced entering discussions with Alternet Systems, Inc. (ALYI) on a deal that could lead to a second spinoff and dividend for North American Cannabis Holdings shareholders.
North American Cannabis Holdings has been quietly working on a cannabis payment system pilot since the beginning of this year. Alternet, with their extensive financial systems industry experience, has been involved with the project from the onset. North American Cannabis Holdings and Alternet have recently entered discussions intended to construct an agreement between the two companies that would result in a transaction similar to North American Cannabis Holdings’ transaction with Puration, Inc. (PURA) where North American Cannabis Holdings shareholders are slated to receive stock in Puration through a dividend distribution.
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