Indago sells A$80K of Multi-Flow liquid to Texas oiler

INDAGO Energy is celebrating the sale of A$80,000 worth of its viscosity reducing Multi-Flow to an unnamed independent oil producer in Texas, giving the company a boost after it has spent some time working on its Kentucky crude oil project in hopes of deploying its tech, which is designed to improve recovery rates of hydrocarbons from sludge.

Will be used in five wells, hoping to expand to 20

09 July 2019
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The Australian Securities Exchange listed company told the market this morning the HCD Multi-Flow was paid for upfront and now deployed to East Texas Basin well.

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