Graphene NanoChem PLC PlatDrill Deployment In Myanmar (8502F)
22 Maggio 2017 - 1:54PM
UK Regulatory
TIDMGRPH
RNS Number : 8502F
Graphene NanoChem PLC
22 May 2017
For Immediate Release 22 May 2017
Graphene NanoChem PLC
("Graphene NanoChem" or the "Group")
PlatDrill Deployment In Myanmar
Graphene NanoChem (AIM:GRPH), the international provider of
nanotechnology performance enhancing solutions for global
industries, is pleased to announce that the Group has received two
purchase orders for a total of 4,000 barrels of PlatDrill R, valued
at US$589,680, for deployment in the near term in Myanmar for a
leading oil and gas company.
The Company is particularly encouraged by this purchase order,
as it is a further indication that confidence is returning to the
sector with major oil and gas companies resuming drilling
activities. The Group is working closely with Scomi in expanding
the deployment of PlatDrill and are optimistic that further orders
will follow in due course.
A "smart" fluid, PlatDrill offers a unique integrated solution
in drilling speed and quality as well in environmental and economic
performances that meets the requirement of this market that is
underlined by cost and environmental considerations. The combined
performance and low toxicity and biodegradability function of
PlatDrill offers significant advantage as a most viable alternative
to OBM for shale drilling in the region in the immediate and long
term.
Jespal Deol, Chief Executive Officer of Graphene NanoChem,
commented: "We are pleased to announce our latest commercial orders
from Myanmar and see huge potential market opportunity from the
resumption of drilling activity. These orders are a continuing
validation of our products value proposition and is another
milestone for Graphene NanoChem and its ongoing partnership with
Scomi Oil."
For further information:
Graphene NanoChem Tel: +603 2282
3080
Jespal Deol, Chief Executive
Officer
Panmure Gordon (NOMAD and Broker)
Adam James / Tom Salvesen Tel: +44 (0)
20 7886 2500
Yellow Jersey PR Limited (Media) Tel: +44 (0)7544
275 882
Charles Goodwin / Harriet Jackson
About Graphene NanoChem
Graphene Nanochem plc (AIM: GRPH), is an international provider
of nanotechnology performance enhancing solutions for global
industries. The Group employs nanoprocesses and nanomaterials to
design, engineer and enhance the performance of mainstream products
for a wide range of industrial applications. It has established two
major functional platforms in the energy and water sectors, and the
Group, through partnerships with established industry players, is
focused on building market opportunities in both sectors whilst
continuing its developmental work in other strategic application
areas of nanotechnology.
Headquartered in Malaysia, Graphene Nanochem was admitted to the
AIM of the London Stock Exchange on 26 March 2013, following the
reverse acquisition of Biofutures International plc, and trades
under the symbol GRPH.L. To find out more, please visit
www.graphenenanochem.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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