Delta International Oil & Gas, Inc. Invests in Water Transportation Company
By admin | Published: May 18th, 2016
SCOTTSDALE, Ariz., April 5, 2016 /PRNewswire/ — Delta International Oil & Gas, Inc. (OTCQB: DLTZ) is pleased to announce its acquisition of a 10% interest in MHD Technology Corporation through its wholly owned subsidiary Neptune Industries LLC.
MHD Technology is developing a cutting edge water transportation and desalination technology. MHD Technology’s next steps are to perform a simulation of its product and then to build the first prototype. Delta’s subsidiary, Neptune Industries, will initially be involved in both of these steps as well as in some administrative capacity. The technology developed will lower desalination plant operating costs by drastically reducing the energy requirements of the desalination process, as well as the water transportation costs.
The technology is expected to be ready for commercial application by the third quarter of 2016. Once the initial steps are finished, Delta’s subsidiary will take on more of a distributor role. “The energy industry is currently focused on small efficiency gains,” Mr. Santiago Peralta, CEO of Delta, mentioned, “this investment has the potential to be a major disruptor. And water transportation is just the beginning.”
About Delta International Oil & Gas, Inc.
Delta International Oil & Gas, Inc., headquartered in Scottsdale, AZ is an International company specializing in energy. The Company holds interests in exploratory oil and gas blocks in Argentina and explores them via joint ventures. Delta’s investment in MHD Technology helps broaden Delta’s reach in the energy field.
About MHD Technology Corporation
MHD Technology Corporation is a New York company that seeks to apply its patented technology in MagnetoHydroDynamics to water pipelines in the continental US. The company will license this technology to desalination plants in order to reduce their expenses of desalination and transportation.
Forward Looking Statements
This press release contains forward–looking statements that involve risks and uncertainties, which may include statements about business strategy and development plans, plans for entering new business, anticipated sources of funds, including proceeds from future operations and plans, objectives, expectations and intentions contained in the Press Release that are not historical facts such as “estimated gross…prospective resources, will be sold, etc.” Because these forward looking statements involve risk and uncertainties, actual results could differ materially from those discussed in the Press Release. These risks are outlined in our SEC filings.
Contact: Santiago Peralta
Delta International Oil & Gas, Inc.
7272 Indian School Rd., Ste 540
Scottsdale, AZ 85251