Potential appears great, but risky. Worth it for me at this price. Prior management was inept. Hope for something positive from the new managers. I believe new management will take care of themselves, but other shareholders (us) will go along for the ride.
If technology is accepted, this could have a very large market potential.
I read somewhere that HPGS feels bonding should be waived due to their technology implications??? I'm not certain of the details, but has to do with the way water is managed. With the HPGS technology, water is left in the well, so waste water is not an issue.
I think part of HPGS's plan is to revitalize many of the nonproducing wells, instead of plugging them.
The nonperforming infrastructure from the Lucas acquisition could also be better utilized by HPGS. They have nearby wells and fields, and I still think their maintenance business is on life support (so piping, pumps, etc. could have value).