Houston, TX (PRWEB) March 10, 2014
Propell Technologies Group, Inc. (OTCQB:PROP) today announced the company has issued a letter to shareholders.
Highlights of the letter include:
● discussion of growth catalysts for 2014
● a review of milestones in 2013
● timing update on delivery of redesigned down hole tools
● discussion of financial strategy for 2014
To read the letter in full please visit: http://www.propell.com/investor-resources/shareholder-letters
ABOUT PROPELL TECHNOLOGIES GROUP:
Propell Technologies Group, Inc. (http://www.propell.com), through its wholly owned subsidiary Novas Energy USA, is the exclusive U.S licensee of the Plasma Pulse enhanced oil recovery (EOR) well treatment designed to improve production cost effectively and without acidization, hydrofracking or other chemicals. It develops and commercializes treatment and stimulation of oil wells constructed to meaningfully improve production and enhance the recovery of oil and gas in existing wells.
SAFE HARBOR STATEMENT
This news release contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the words "believe," "anticipate," "expect," "intend," "estimate," and similar expressions. All statements in this document regarding the future outlook related to Novas Energy USA and Propell are forward-looking statements, including but not limited to the initial results from the treated wells and the timing and release of future data. Such statements are based on the current expectations, beliefs, estimates and projections of management and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements including the risk that the future data will not be as favorable as the initial results. Additional uncertainties and risks are described in our most recently filed SEC documents, such as our most recent annual report on Form 10-K and quarterly report on Form 10-Q. For a more detailed discussion of factors that affect Propell's operations, please refer to the Company's Securities and Exchange Commission filings. Copies of this filing are available through the SEC website at http://www.sec.gov. All forward-looking statements are based upon information available to us on the date hereof. Propell undertakes no obligation to update this forward-looking information.