Well Power, Inc. (WPWR) – A Progress Update

Well Power’s managers continue to advance their business goals with a series of live webinars on the company’s progress that is being well-received.

The first webinar was held in May 2014 and presented the technology behind the continued development of ME Resources’ micro refinery unit (MRU). Years ago, Well Power gained an exclusive license to distribute this mobile technology in Texas for a term of five years. Companies and individuals involved in production and operations within the oil and gas sector were invited to participate in the webinar, explore opportunities to partner with Well Power, and learn more about the MRU technology which, once successfully developed, will process wasted raw natural gas, including shut-in and flared gas, and turn it into electric power and engineered fuels.

Christian Neagoe, CEO and director of Well Power, and Gregory Patience, CTO and director of ME Resource and a professor at Ecole Polytechnique de Montreal, conducted the inaugural webinar. It was broadcasted live from their research and development labs at Ecole Polytechnique de Montreal, which is where the MRU is being developed. Professor Patience, a recognized authority on catalysis, catalyst design, and fluid-bed reactors, and Dr. Neagoe gave a tour of the lab and a demonstration of the novel MRU technology at a lab scale.

Following the tour, Brad Barton, Operations Manager of ME Resource, joined the other panelists from his offices in Calgary. Mr. Barton spoke about operational considerations and regulatory changes. He highlighted the MRU’s mobile and modular features and the positive economics involved in deploying and implementing it as a solution to wasted gas and temporary tie-in solution for gas awaiting pipeline infrastructure.

Well Power continues to press forward with its pilot project with ME Resource and is moving towards finding and choosing a fitting industry partner in Texas to implement the project.

Well Power has also opened negotiations with ME Resource on expanding its territory as gas flaring remains a pressing issue in the United States. Well Power has the state of Texas under license and, once it completes its license obligations, it intends to continue to address the gas flaring issue by increasing its licensed territory to neighboring states, with the ultimate goal of securing all oil and gas producing regions in the US.

Participation numbers were incredibly strong during the first webinar. As a result, Well Power will be hosting a second one. This time, the webinar will be for its shareholders, investors, and others interested in learning more about the MRU’s flare-reducing technology. Registration for that webinar is close to capacity, according to the latest reports.

For more information, visit www.wellpowerinc.com

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