Regent Ventures Ltd. ("Regent") is pleased to announce that it is working with United Energy Corp. ("United Energy") of Secaucus, New Jersey, to develop a new chemical process for the separation and cleanup of hydrocarbons from the sand found in tar and oil sands deposits. The process is at the lab testing stage and all tests to date have been successful in achieving the desired separation of the oil in the samples used from the sand. The chemicals employed in the process are, like all of United Energy's products, environmentally friendly, while the process itself consumes low levels of energy. Upon completion of the lab testing, Regent and United Energy plan an on-site pilot program in Canada, further particulars of which will be announced in due course. |