Las Vegas, NV -- (SBWIRE) -- 02/11/2013 -- New Western Energy Corp (OTC:NWTR) share has dropped by 5.36 percent and is currently trading at $0.53. The company is trading close to its lowest traded value of $0.51 whereas its highest is $1.13 in last 52 weeks. Today the traded volume stood at about 120,800 however its average traded volume is more than 160,000 shares per day.
New Western Energy Corp has recently released a new about the establishment of its wholly own subsidiary NWT Technologies for developing, acquiring and licensing the technology for Enhanced Oil recovery.
New Western Energy Corp expects that almost billion barrels of oil can be recovered with Enhanced Oil Recovery technology. Furthermore the next generation Enhanced Oil recovery technology has the potential to increase the revenues.
The company has the intention to deploy EOR technology on its 120 wells in Roger and 25 in Texas as soon as possible. Besides that, company is also planning to market and licence EOR in the industry.
To find out what OTCMAGIC projects for New Western Energy Corp for both short term and long term please click here: NWTR
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