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EncapSol Technology for Enhanced Oil Recovery, Environmental Oil Cleanup, Tar Sands and Shale Oil Extraction Passes Test as Non

^{Published on 2009-11-10 07:37:17 - Market Wire}
 

DALLAS, TX--(Marketwire - November 10, 2009) - Freestone Resources, Inc. (OTCBB: [ FSNR ]), a Texas-based Oil and Gas Technology Development Company, has submitted its new EncapSol solvent technology to a certified environmental laboratory for toxicity bioassay testing under the California Code of Regulations Title 22 Section 66696 Hazardous Waste Criteria Regulations, in order to demonstrate that EncapSol is a non-toxic and environmentally-friendly chemical-solution.

EncapSol was subjected to the California Department of Fish and Game's standardized procedure ("Static Acute Bioassay Procedures for Hazardous Waste Samples") for identifying hazardous waste substances using a 96-hour LC50 fish survival test. If the tested substance, in a concentration of 500 milligrams-per-liter of water, results in the mortality of 50% or more of the exposed fish, the tested substance would be classified under California's Title 22 regulations as being a toxic "hazardous waste substance." Being classified as a "hazardous waste" requires special material storage, transportation, handling and disposal procedures, which complicate operations and increases operating costs.

Upon testing, EncapSol passed the bioassay test; none of the exposed fish were harmed; 100% of the fish survived the test -- indicating that EncapSol qualifies as a non-toxic substance according to California's Title 22 standards, and therefore can be handled and disposed according to non-hazardous waste procedures.

"California has the strongest environmental laws in the United States," stated Freestone CEO Clayton Carter, "and we are proud of the fact that EncapSol passed their strict bioassay test with a 100% fish survival rate, which is rare in the oil industry. This certification opens up many new applications for EncapSol, where other industry methods would otherwise pose a danger to the environment or be ineffective."

In addition to EncapSol's non-hazardous qualities, it is also non-flammable and does not mix with water. Instead it repels water as it chemically separates and encapsulates oil molecules for clean recovery. One new use and application is to extinguish and cleanup oil fires. These aspects of the EncapSol Technology also facilitate extraction from oil-contaminated soil, sand, rock, gravel, clay, water and inorganic materials.

Based on these new test results, Freestone Resources, Inc. is beginning to engage companies within the oil and environmental industry to demonstrate the effectiveness of EncapSol as a clean oil technology in production and crisis situations. The Company has published the test results on the EncapSol website located at [ http://encapsol.com/ ].

SAFE HARBOR STATEMENTS:

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.