Glenn Andrews, President of Left Behind Recovery LLC, said, "Most wells in the area and formation that we will be water flooding will produce from eight to ten barrels a day and drop off from that over the next eighteen months and, then, we go through the same process again.”
The next time you talk with Ares of ACLH and Mr. Andrews, ask him what is the cost benefit of their EOR (Enhanced Oil Recovery) to ACLH? After all costs are eliminated, including providing the fluidizer, what is the net profit realized per barrel of recovered oil for ACLH and ASP? This may vary because of how oil prices change so quickly, but at today’s price consider only the cost per barrel of EOR oil. Be specific and give us a dollar figure.
IMO, after extensive DD, APS is merely a company acquired by ACLH through William Anderson Holding Inc (William J. Anderson) being used to hype a procedure with a different fluid mixture for a process that has been around for years. It is untested on the subject wells and William Anderson of APS says the results on two wells will be provided later. IMO, this is a company being used to hype ACLH in order to drive the stock price after the suspension for the benefit of their major benefactors who are William Anderson, Viewpoint Capital LLC (Tim Connolly) , Tim Connolly, and others of the group stuck with ACLH stock after the suspension. The proof is in the relationships.
The Nevada State Corporation Records confirm that William Anderson is President, Russell Kidder is Secretary, and Rene Ponce is Treasurer of APS. It just happens that Rene Ponce is also a Director, Treasurer, and Secretary of BOCL. Russell Kidder is President and CEO of ACLH where his long time friend and associate Tim Connolly is a major shareholder in ACLH. Russell Kidder was also secretary of BCLE. And the list goes on and on and on. Don’t get caught up in any more deceptive PR’s with this group. Time to sell if you can find a buyer.