(MENAFN- Newswire.com LLC) ORLANDO, Fla., December 10, 2018 (Newswire.com) - World Oil Group, Inc. (OTC Pink: WOGI) has entered into a Memorandum of Understanding with the Peruvian Government (Port Authority).
This project included taking over an existing seaport and building a modular oil refinery to support population growth in the northern part of the country. This port was already established and has a solid relationship with a very active U.S. Port. The challenge was that the company needed a capital partner while simultaneously working on getting current with financial markets reporting requirements.
The company continues to meet with other private investors and financial entities to move this project to the next level. The company remains open to discussing the opportunity with any new interested parties.
About the company: World Oil Group, Inc. is an international company with oil exploration operations in Oil City, Pennsylvania and its Management, Petroleum, Commodities and Mining Operations based in Lima, Peru.
Safe Harbor Statement: This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission.
Forward-Looking Statements:
This press release may contain forward-looking statements, including information about management's view of World Oil Group Inc.'s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of World Oil Group Inc., its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on World Oil Group Inc.'s future results. The forward-looking statements included in this press release are made only as of the date hereof. World Oil Group Inc. cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, World Oil Group Inc. undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties.
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