Canadian Oil Recovery and Remediation Enterprises Provides Updates On Kuwait and Saudi Prospects

Canadian Oil Recovery and Remediation Enterprises Ltd. (TSXV:CVR, OTCQX:CRVYF) (“CORRE”) announced updates on its current activities and identified opportunities within Kuwait and Saudi Arabia.

As quoted in the press release:

 CORRE, through its SAR-CORRE MENA operating partnership, is currently executing on a contract with BP Plc in Jordan for the cleaning and treatment of drill cuttings and is finalizing the results of its pilot project with EcoTecnos and the Kuwait Oil Company to demonstrate the capabilities of EcoTecnos’ geo-sensing satellite detection service.

CORRE’s CEO and Chairman, John Lorenzo, said:

 I believe that successfully executing on our first contract with operating partner SAR AS has been transformational and has placed CORRE in a position to build on its 2012 operating history throughout 2013 with the short-term goal of achieving corporate profitability.

To view the whole press release, click here.