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Why would they bother testing a lab-sized unit when they are in the field?
The PRCI said STWA basically wanted to get out of the RMOTC as fast as they could to field testing.. they had their golden opportunity with TCPL.. so why then exactly would they be going back to lab testing when they are supposedly in the field with KM?
My bets are;
1) It's an old test, saved to be released now.
2) They will fall back on the 'ol "NDA" thang to delay results of KM and instead release highly stylized worded pieces on this lab testing to keep the faith.
There's reall no point to do it after you have it installed on a line.. KM would have wanted to know it's safety prior.
There is nothing to agree with. Where is the logical argument. And more importantly where are the facts. Stwa is destined for big big things.
KM field testing
TC tested and proven
Newfields field testing
SRI the most respected independent body in the oil industry given stwa the initial tick of approval.
Ats Rheo independently verified technology.
The last piece is contracts. They will be here this year you would think. Get ready to be rich while the doubters have no influence anymore and look silly every day.
Powerful statements from todays news release as highlighted below :
STWA Announces Preliminary AOT(TM) Test Results From Southern Research Institute
SANTA BARBARA, CA--(Marketwired - May 21, 2015) - Save The World Air, Inc., d/b/a STWA (the "Company") (OTCQX: ZERO), a developer of integrated technology solutions for the energy industry, today provided updates on testing of its Applied Oil Technology™ (AOT™) system for a major North American crude oil and condensate pipeline, conducted in conjunction with Southern Research Institute ("SRI").
As previously disclosed, the Company has established a lease agreement with a leading North American midstream operator for testing of AOT's viscosity reduction capabilities for a condensate and crude oil pipeline in the Eagle Ford, Texas. This marks the first time the AOT solution will be utilized for condensate viscosity reduction. As such, STWA has engaged SRI as an independent, third-party testing partner for additional validation of AOT's ability to reduce viscosity and improve takeaway capacity for petroleum pipelines.
The initial off-gas testing of AOT's impact on condensate was conducted in SRI's Birmingham, Alabama research facility, with STWA engineers supporting the process throughout. During Phase I of this testing, which is now complete, SRI sought to determine the safety of using the AOT technology's unique process on condensate in a controlled, laboratory environment. AOT's application of a high-intensity electric field to condensate is unprecedented, and SRI conducted tests to determine the feedstock's stability when the process is applied. The final Phase of testing, Phase II, will measure viscosity reduction of condensate in a closed-loop system utilizing AOT.
The Phase I results were highly successful, as the condensate upon which AOT's electrical field was applied did not exhibit any adverse or dangerous reactions. SRI found that use of AOT on condensate did not lead to a high enough concentration of methane, ethane or hydrogen emissions to combust in the air. In order to test the limits of electrical field application to condensate, SRI used AOT's maximum voltage during a portion of the tests. Even with increased electricity flowing through the feedstock, the tested condensate remained completely stable, proving that AOT can be safely used on the fluid even in extreme circumstances.
Greggory Bigger, STWA Chief Executive Officer and Chairman, commented, "Establishing legitimacy for our technology with globally respected, independent third-party organizations such as SRI is critical as we make strides in moving from R&D to commercialization. Safety and efficacy are of paramount importance in the energy space, and must be ensured as we bring our products to market and for our business development efforts with a variety of new opportunities, both here in the U.S. and abroad. Our application of AOT's viscosity reducing electric field to condensate is revolutionary, and SRI's Phase I testing proves that the process is safe even under maximum voltage conditions."
SRI and STWA are now turning to Phase II testing, which will again occur in SRI's Birmingham facility and is set to begin in June. Phase II is expected to last no more than two weeks, and as such STWA expects to receive the final results near the end of the second quarter, 2015.
Mr. Bigger continued, "Recently, our research partners at Temple University reported study findings indicating that AOT successfully reduces viscosity for a wide variety of petroleum fluids, including condensate, and we remain optimistic that SRI's Phase II testing will yield similar results. We hope to continue our relationship with SRI for all applicable initiatives moving forward, given their position as an advanced, engineering research firm for the energy space. As we look ahead to the promising potential of new technology deployments, partnering with an industry-leading, third-party entity like SRI will establish the credibility and reliability necessary to move forward to commercialization."
For further information about STWA, Inc., visit www.stwa.com, read our SEC filings at http://ir.stockpr.com/stwa/all-sec-filings and subscribe to Email Alerts at http://ir.stockpr.com/stwa/email-alerts to receive company news and shareholder updates.
This is from Investor Relations at STWA
SRI is using a small lab unit designed specifically for those tests
Per the 10Q:
The blue unit, the same unit used for the RMOTC tests and the tests in China is designated for the upstream environment, and per the Q was used by an upstream operator in the Uinta Basin.
The larger, heavier units that weight 30,000 pounds used are strictly designated for mid-stream; crude oil and condensate. Not for the lab.
It's only ridiculous because you assume one thing and the release says another. It speaks directly to the test with KMI and then reference this agency for further testing. No scale model exist other than the rig from rocky mountain or China.
We know there were issues with first test and KMI and zero agreed to ship in a new unit. If I'm KMI I won't let turn it on until it's proven safe. Say what you will this is a poorly conceived release which again creates more confusion.
Yeah sure they are. This is getting ridiculous. Believe what you want, but SRI is likely using their own version created in collaboration with STWA. The AOT has been improved by several iterations since the RMOTC tests. Why you would think they would use that version is beyond me. That makes no sense.
But the real point here is again, you are wrong about them shutting down the KM test for the SRI test and losing revenue. That's the Real Point here. No such thing is happening. Next.
What's the need for SRI? Because SRI is HIGHLY RESPECTED in the oil industry and likely the only reason to do this is because the oil industry would look favorable on it, or some of STWA clients suggested it. It brings credibility, and backs up all the work done by TEMPLE, TAO, China, TC, and ATS. SRI is a gold standard in industry for testing and verifying technologies and products. Oil,companies no doubt want to see this. That's the only reason STWA would be doing it. Because the oil industry wants it. This could help contracts move along.
So then they are sending the old test rig from Rocky Mountain? Wow that's progress..so much for the theory that Aot 2015 is the best iteration. This is the same story as the Tcpl test.
Again, more obscurification. Wow, I expected more. Are you sure you want to continue this argument? I think this is appropriate:
"Read it again pal." And keep reading it until you can understand it.
How can they test in a loop if they can't accommodate a 30,000 lb piece of equipment? Please, I know you're not this....way....
Easy pal, it's a lab version of the AOT. Call it what you want, a miniature, a scaled down version. I can't believe you still really think they are testing a life sized version of the AOT. Hilarious. How the hell are they going to test the life sized large version on a loop in the lab??!? They would need at least a 100,000 barrel per day feedstock line to test it on. SRI is good, but they don't have an oil pipeline running through the building! No, it's a lab. Keep reading. Over and over and over....
That's actually funny!
Why would they ever let the shareholders see those results if they refuse to release the TCPL test results?
Or are we getting REALLY selective on what this supposed NDA applies to?
Ya it's hilarious... The KM testing should validate this, so really whats the need for the other testing? Again as well, it's a closed loop which is hardly indicative of a live line to test how long this effect would last...etc.. IF it even worked.
My bet is you will never see the report, just more adjectives to describe how it went "as expected" or had "similar results to" or "met expectations"...etc..
Great news release
Gregg is ticking all the right boxes. Credibility credibility credibility. That's what Stwa is building. Once that 1st order comes in we will skyrocket.
This is not a mickey mouse operation. TC, KM, Newfields, SRI , Ats Rheo... Gregg is doing this the right. Sox compliant. When the contracts comes in get ready to make millions.
Funny how some seem to be getting desperate.. ha ha ha.
Which begs the question then as to why even release this as some kind of news. And if the unit is on teh KM line already, then this testing had to have happened before then. Why would a company sit on news, even as un-newsworthy as this?
181 million shares outstanding.. someone has to hold 'em.. I'd think this company was well known enough. Trouble is, it's all small-time buyers that chase penny dreams.. not enough to move it. Then you have the REG S selling as well as the previous CEO and whomever else. Usually when you have a question like that, the answer is the most likely one.. No-one else believes in this thing.
So a test to make sure it doesn't blow up the line is now "proven to work"? Wow.. I can see why STWA puts this tripe out.
My question is this.. Supposedly the AOT is on the KM line right now. Wouldn't this testing have been requested to have been done BEFORE KM installed it on the line?
If so, WHY is STWA only releasing this information now? What was the date of this testing, and why did they sit on it until now?
Rhetorical.. I don't really need an answer lol.
Really well than what is this reference:
"SRI and STWA are now turning to Phase II testing, which will again occur in SRI's Birmingham facility and is set to begin in June. Phase II is expected to last no more than two weeks, and as such STWA expects to receive the final results near the end of the second quarter, 2015."
How will they test in a loop if they can accommodate the equipment? Hmmmm...? This company is full of contradictions and this release just adds more fuel to the fire.
SRI is a lab, and if you had done some easy homework you would see that. You can't fit a 30,000 pound piece of equipment in a lab, and there is no live size working pipeline to scale for the AOT to be tested on at the SRI lab. That's obvious. Your claim that STWA is now losing revenue because the life size AOT is being moved to Alabama is preposterous. They are testing this in a controlled lab setting, not unlike how I imagine Temple does their tests. With a lab version, or a scaled down version of the AOT. The big difference is that this is with SRI and not Temple.
Hypothetically speaking - assuming for the moment that the Phase II tests with SRI are ultimately successful in viscosity reduction - wouldn't those results be available around the time of the SHM?
"WRONG. What a joke. Not the case. Sorry. The testing is NOT stopping on the live condensate line. "
So it's your contention that condensate is flowing through the device right now at eagle ford through the newer unit which was mentioned in that last 10q?? Is the upcoming loop test a different unit?
It was positive, but I doubt it would cause a potential purchaser of the stock to move. I hope they already knew the device wouldn't cause a fire before they installed it on a live pipeline...
The news released today was positive. The Pps didn't budge. This reminds me how relatively unknown this company is. This info should have been a sure fire trigger for long shot prospectors on the fence to buy. It's pretty fascinating to watch this product develop.
Twisting of the facts. Pure sophistry as to the conclusion. You can do better than this.
UHHHH YOU BETTER READ IT AGAIN "PAL"
THE 10Q STATES THAT TESTING WILL RESUME WITH KINDER IN JUNE
NOTHING HAS CHANGED WITH KINDER. NOTHING. SRI IS A LAB "PAL" THEY ARE USING A SIMULATED UNIT. SAME THING ON A SMALLER SCALE. SAME OR SIMILAR TO WHAT TEMPLE USED, IN A LAB, "MAN"
(WHAT A SPIN)
AND PHASE 1 OF THE SRI TEST ALREADY HAPPENED. PAST TENSE, "PAL"
WRONG. What a joke. Not the case. Sorry. The testing is NOT stopping on the live condensate line.
And how do you know that Temple didn't test combustion?? Temple has done loads of tests and I think they did test for combustion. That's the physics department and another baseless assumption.
And your spin of KMI "forcing" STWA is a joke. This is a collaborative effort. KMI HELPED STWA. Didn't force them. You're assumptions are hilarious. What a SPIN.
Phase 1 concluded that the AOT is safe for condensate, FYI THAT MEANS NOT DANGEROUS. When they say ANY adverse or dangerous reactions, that's what they mean!!
Folks , read the article
This article if you read into it is giving all kinds of hints this could be a way to letting us know things are going on as scheduled and we should pick up more shares
I think it is time to buy some more
YEEE HAAA AOT WORKS and I can smell the money
Doubter's Go HOME !!!!!!!!
It still dangerous I haven't change my view at all.
The "phase 1" is to test combustion of the condensate in a lab environment. ( something Temple should have done for free! ) This requirement was most definitely forced by KMI to keep the contract alive after KMI opened the box in round 1.
The issue of a short caused by accumulated particulate during operations at 5000 gph has yet to be determined. Even if it doesn't explode any arcing will likely erode the vessel which can lead to catastrophic failure.
All this happening at a test facility in Alabama not on the Texas condensate line. So in effect the real test on the line has been stopped and apparently the newer rig will be going to the SRI testloop in Alabama. These test are extremely expensive.
FANTASTIC NEWS!
http://ir.stwa.com/press-releases/detail/1998
This is the validation and transparency the doubters have been screaming for. And of the very highest order, SIR.
It shows transparency and a confidence they are going to ace the second part of the test. There's no hiding here. Fantastic!
This is what's important to take away from this PR:
This must have been in the works for close to a year. Do you know how DIFFICULT it is to get into SRI??!!??
I've done my home work...
Guess what. You can't just waltz into SRI and say "test this AOT thing please." Noooo...You need to be REFERRED AND VOUCHED FOR OFFICIALLY AND YOUR TECHNOLOGY OR PRODUCT MUST BE WORTHY.
YOU CAN'T EVEN GET INTO SRI WITHOUT A LENGTHY APPLICATION PROCESS AND BEING VOUCHED AND REFERRED BY A MAJOR OIL COMPANY.
---CHECK IT OUT.
Yeah that's right....HERE COMES KINDER MORGAN.
DON'T LET ANYONE FOOL YOU HERE. THIS IS A BIG DEAL. This means Kinder Morgan is with us. It means they are championing this technology. That's right. The BEST oil pipeline company in the world is in STWA's corner.
It's good to have friends ;)
Oh and BTW, it's Gregg that would have pulled this off with Kinder. Just say'n. Let's not throw the towel in on Gregg just yet.
STWA Announces Preliminary AOT(TM) Test Results From Southern Research Institute
SANTA BARBARA, CA -- (Marketwired) -- 05/21/15 -- Save The World Air, Inc., d/b/a STWA (the "Company") (OTCQX: ZERO), a developer of integrated technology solutions for the energy industry, today provided updates on testing of its Applied Oil Technology™ (AOT™) system for a major North American crude oil and condensate pipeline, conducted in conjunction with Southern Research Institute ("SRI").
As previously disclosed, the Company has established a lease agreement with a leading North American midstream operator for testing of AOT's viscosity reduction capabilities for a condensate and crude oil pipeline in the Eagle Ford, Texas. This marks the first time the AOT solution will be utilized for condensate viscosity reduction. As such, STWA has engaged SRI as an independent, third-party testing partner for additional validation of AOT's ability to reduce viscosity and improve takeaway capacity for petroleum pipelines.
The initial off-gas testing of AOT's impact on condensate was conducted in SRI's Birmingham, Alabama research facility, with STWA engineers supporting the process throughout. During Phase I of this testing, which is now complete, SRI sought to determine the safety of using the AOT technology's unique process on condensate in a controlled, laboratory environment. AOT's application of a high-intensity electric field to condensate is unprecedented, and SRI conducted tests to determine the feedstock's stability when the process is applied. The final Phase of testing, Phase II, will measure viscosity reduction of condensate in a closed-loop system utilizing AOT.
The Phase I results were highly successful, as the condensate upon which AOT's electrical field was applied did not exhibit any adverse or dangerous reactions. SRI found that use of AOT on condensate did not lead to a high enough concentration of methane, ethane or hydrogen emissions to combust in the air. In order to test the limits of electrical field application to condensate, SRI used AOT's maximum voltage during a portion of the tests. Even with increased electricity flowing through the feedstock, the tested condensate remained completely stable, proving that AOT can be safely used on the fluid even in extreme circumstances.
Greggory Bigger, STWA Chief Executive Officer and Chairman, commented, "Establishing legitimacy for our technology with globally respected, independent third-party organizations such as SRI is critical as we make strides in moving from R&D to commercialization. Safety and efficacy are of paramount importance in the energy space, and must be ensured as we bring our products to market and for our business development efforts with a variety of new opportunities, both here in the U.S. and abroad. Our application of AOT's viscosity reducing electric field to condensate is revolutionary, and SRI's Phase I testing proves that the process is safe even under maximum voltage conditions."
SRI and STWA are now turning to Phase II testing, which will again occur in SRI's Birmingham facility and is set to begin in June. Phase II is expected to last no more than two weeks, and as such STWA expects to receive the final results near the end of the second quarter, 2015.
Mr. Bigger continued, "Recently, our research partners at Temple University reported study findings indicating that AOT successfully reduces viscosity for a wide variety of petroleum fluids, including condensate, and we remain optimistic that SRI's Phase II testing will yield similar results. We hope to continue our relationship with SRI for all applicable initiatives moving forward, given their position as an advanced, engineering research firm for the energy space. As we look ahead to the promising potential of new technology deployments, partnering with an industry-leading, third-party entity like SRI will establish the credibility and reliability necessary to move forward to commercialization."
For further information about STWA, Inc., visit www.stwa.com, read our SEC filings at http://ir.stockpr.com/stwa/all-sec-filings and subscribe to Email Alerts at http://ir.stockpr.com/stwa/email-alerts to receive company news and shareholder updates.
Safe Harbor Statement:
Some of the statements in this release may constitute forward-looking statements under federal securities laws. Please visit the following link for our complete cautionary forward-looking statement: http://www.stwa.com/site-info/disclaimer
About Save the World Air, Inc. d/b/a STWA
Save The World Air, Inc. (STWA) (OTCQX: ZERO) provides the global energy industry with patent-protected industrial equipment designed to deliver measurable performance improvements to crude oil pipelines. Developed in partnership with leading crude oil production and transportation entities, STWA's high-value solutions address the enormous capacity inadequacies of domestic and overseas pipeline infrastructures that were designed and constructed prior to the current worldwide surge in oil production. In support of our clients' commitment to the responsible sourcing of energy and environmental stewardship, STWA combines scientific research with inventive problem solving to provide energy efficiency 'clean tech' solutions to bring new efficiencies and lower operational costs to the upstream, midstream and gathering sectors. More information is available at: www.stwa.com.
Bingo! Ding ding ding. EXACTLY. Thank you I.E.
Argued for WEEKS that the AOT was too dangerous to work on condensate. WRONG. Many of those arguments have been negated over the years.
I love this,
exactly what I was thinking ...
It's funny that you now call this news meaningless after you, for weeks, argued that it was too dangerous to use aot on condensate line. It negates your criticism, yet has no worth. The epitome of no credibility.
Probably in the works. It doesn't matter who goes first. All that matters is that anyone goes at all. Then all of us win, and you will be proven wrong just like you are wrong about the AOT on condensate being dangerous.
You said that about the TCP test rig where are those contracts?
Only interested in leveling the playing field. Someday you might appreciate that effort.
What will you say when the AOT is permanently installed on a live pipeline??
Get ready for it because it's coming...
"I've done my home work...have you?? "
Unfortunately I have. Zero may have a shot with joule but I predict this rig is coming back like the 4 pack from TCp.
What will you say when that happens?
Why not ask same questions of those that are asking you to buy more? That happens about every day even as we approach historic lows. Who's been right?
If you been in business for any length of time you develop a pretty good sense of when your chain is being pulled. The penny stock ruse of breaking things into "testing phases" is especially popular. When the crap hits the fan I've seen several microcaps do the exactly same thing! Watch and learn how they play with the info and use the reputation of another testing agency to keep you on the hook.
You need to understand how you are being played. What company updates shareholders because the rig didn't blow up! No mention of results just that it's deem safe. Well thank God for that!
Are we not in 2015 ...?? 6 years ago wow !! Impress me some more ... Let's talk today / future ??? Now we have the SRI testing .... Of the current product . PROVEN to work !!!!
Looking forward to your post about the now .... !!!! Big industry is watching !!!! The past is gone .... Soon soo
Will others ....
This is reaction to firestorm created by the company mentioning a electrical short. Did they put the equipment in the vertical? No mention of that.
This is a desperate release and basically says we are still testing and now they have a new testing agency they can pay more of shareholder money too!
Am I dreaming....about a report which is clear
and unambiguous...???
with one phase stated as finished and successful
even in maximum conditions...
with a next phase that will last 2 weeks
hurrah
credit where its due
I'm buying 20,000 more shares this week based on this PR this morning. Just say'n...
Lol! A test to determine the safety of installing it..
Funny... I thought they were under NDA?
I agree, this is good news!
Not the home run we're looking for, but very positive.
Only at blow-out prices on warrants.. and only then I would guess as Reg S sales. No answer yet on why all warrant parties took place overseas.. WHY?
QS Energy, Inc. (OTCQB: QSEP), provides the global energy industry with patent-protected industrial equipment designed to deliver measurable performance improvements to crude oil pipelines. Developed in partnership with leading university and crude oil production and transportation entities, QS Energy's high-value solutions address the enormous capacity inadequacies of domestic and overseas pipeline infrastructures that were designed and constructed prior to the current worldwide surge in oil production. In support of our clients' commitment to the responsible sourcing of energy and environmental stewardship, QS Energy combines scientific research with inventive problem solving to provide energy efficiency 'clean tech' solutions to bring new efficiencies and lower operational costs to the upstream, midstream and gathering sectors.
QS Energy's flagship technology is the AOT.
Sign up to QS Energy's email alert list
Developed in partnership with scientists at Temple University in Philadelphia, Applied Oil Technology (AOT) is the energy industry's first pipeline flow improvement solution for crude oil, using an electrical charge to coalesce microscopic particles native to unrefined oil, thereby reducing viscosity. Over the past four years AOT has been rigorously prepared for commercial use with the collaboration of engineering teams at numerous independent oil production and transportation entities interested in harnessing its demonstrated efficacy to increase pipeline performance and flow, drive up committed and uncommitted toll rates for pipeline operators, and reduce pipeline operating costs. Although AOT originally attracted the attention of pipeline operators motivated to improving their takeaway capacity during an historic surge in upstream output resulting from enhanced oil recovery techniques, the technology now represents what we believe to be the premiere solution for improving the profit margins of producers and transporters during today's economically challenging period of low spot prices and supply surplus.
JASON LANE: Chief Executive Officer and Chairman of the Board of the Company
Jason Lane is a veteran of the oil and gas industry with a 20-year track record of procuring and divesting of oil and gas leases, mineral and royalty interests and production in the lower 48 States through his own partnerships and joint ventures. His most recent large transaction includes lease divestitures to Halcon Resources (Woodbine) and Terrace Energy LLC (Woodbine). Previously, Mr. Lane sold Rocky Mountain prospects to Bill Barrett Corp as well as multiple prospects to Chesapeake Energy across East Texas. Additionally, Mr. Lane has operated and or participated in the drilling of wells in Texas, Louisiana, Montana, and Wyoming. He has been the lead on all of his partnerships since 2002, with partners ranging from family offices to hedge funds.
During his career, Mr. Lane has been directly involved in the leasing of over 650,000 prime acres for his partnerships. Also in the royalty field, he has sold multiple royalty packages to NGP portfolio companies, Noble Royalties and other companies and funds. Mr. Lane has also managed up to a 125 Landman operation which was responsible for title and lease acquisition work for several significant companies throughout the United States.
SHANNON RASMUSSEN: VP of Engineering
As co-founder and senior principal of Colorado-based energy consulting firm Citrine Energy, Mr. Rasmussen comes to QS Energy with nearly two decades of experience in the power and oil and gas sectors, with deep expertise in engineering design, project and program management, construction, compliance, and quality. Mr. Rasmussen comes into this new role at QS Energy with critical knowledge of AOT and its demonstrated ability to reduce the viscosity of crude oil -- helping operators increase flow volume, reduce reliance on diluents, relax viscosity requirements, and meet carbon emission reduction goals while decreasing operating costs and improving pipeline efficiency. As a consulting engineer for TransCanada in 2014, Mr. Rasmussen experienced AOT operations first hand; in a similar role for QS Energy over the past two years, he helped spearhead critical design and fabrication improvements that have resulted in significant gains in AOT operating efficiencies, while achieving stable operations on a high-volume high API crude oil pipeline. In addition to his recent on-site consulting with QS Energy, Mr. Rasmussen has served as a project - program manager and consultant for TransCanada Pipelines across a range of compliance-related projects including Keystone, Gulf Coast, KXL, and Energy East Pipelines. Mr. Rasmussen holds a B.S. in Mechanical Engineering from the Colorado School of Mines, is a registered Professional Engineer (PE), and a certified Project Management Professional (PMP). Mr. Rasmussen, along with his wife and three children, are looking forward to relocating to the Houston area.
GARY BUCHLER: Independent director, member of Audit Committee
Gary Buchler is Chief Operating Officer of the Natural Gas Pipeline business unit of Kinder Morgan, Inc. (NYSE: KMI) and operator of one of the largest interstate pipeline systems in the United States. With oversight of a combined annual expense/capital budget of $1.3 billion, Mr. Buchler is responsible for all Engineering, Operations, Environmental, Health and Safety (EHS), and Land Management functions for roughly 70,000 miles of transmission and gathering pipelines. Mr. Buchler is responsible for the day-to-day management of 3,900 employees, evaluation and oversight of expansion projects, and the evaluation of potential acquisitions. As Chief Operating Officer of the KM Gas Pipelines, Mr. Buchler has been instrumental in the acquisition and integration of more than $45 billion in pipeline assets at Kinder Morgan. Mr. Buchler has held various management positions at Kinder Morgan since 1979, including Vice-President Engineering/Operations Pipeline Group, Vice-President Eastern Pipeline Operations, Vice-President Engineering and Operations Kinder Morgan Gas Treating/Kinderhawk Field Services, and Director of Pipeline Integrity. He earned a Bachelor's Degree in Electrical Engineering from the University of Iowa and an MBA from the Keller Graduate School of Management.
DON DICKSON: Independent director
Mr. Dickson returned to Kinder Morgan after working for the company in their natural gas operations for 26 years during which time he served in various capacities including Director of Operations on two major pipeline projects: the 42” Rockies Mountain Express (REX) and the 42” Midcontinent Express Pipeline (MEP). In between his stints at Kinder Morgan, Mr. Dixon served as Chief Executive Officer for Advanced Pipeline Services (APS), which provided a full range of services to the oil and gas industry including new pipeline and facilities construction, horizontal directional drilling and pipeline integrity/rehabilitation. He also was Director of Operations at Tetra Resources where he completed various onshore and offshore oil and gas wells. He also served as a Senior Engineer with Halliburton Services. Mr. Dickson earned his B.S. in Engineering from Oklahoma State University.
THOMAS A. BUNDROS: Independent director
During his extensive career in the energy industry Mr. Bundros has served as chief financial officer and a senior level finance executive with a variety of entities in the oil and gas industry and public utilities sector. In addition to his tenure as Chief Financial Officer at Colonial Pipeline Company, the world’s largest pipeline operator transporting 100 million gallons of refined petroleum products daily across 5,500 miles of pipeline, Mr. Bundros held various financial positions in the Atlanta and New York offices of the Southern Company System, the 16th largest utility company in the world and the fourth largest in the U.S. with over 4 million customers in Alabama, Georgia, Florida, and Mississippi.
Mr. Bundros currently serves as the Chief Executive Officer for Dalton Utilities, a provider of electricity, natural gas, water and telecommunications services to the city of Dalton and portions of northwest Georgia. Mr. Bundros earned his Master of Business Administration in Finance and Bachelor of Science in Economics and Business Administration at the University of North Carolina at Greensboro.
ERIC BUNTING: Independent director
Eric Bunting, M.D. is a board-certified Ear, Nose, and Throat physician, and he is an owner and partner in an independent specialty group. This group has partnered with Wichita Surgical Specialist (“WSS”), which remains one of the country’s largest surgical multispecialty groups. Dr. Bunting has been on the board of directors of WSS for the last 10 years. Dr. Bunting graduated from Kansas University School of Medicine and subsequently received specialty training at Kansas University Medical Center.
Dr. Bunting has many diverse business and entrepreneurial interests. Dr. Bunting has an interest in early startup companies and franchising opportunities. He is an owner and partner in approximately 40 fast-casual restaurant franchises in 10 states. He has board of director experience in the health care industry with multiple ambulatory surgical centers and a radiation center. Dr. Bunting has been an integral part of these boards through merger and acquisition periods. Other interests are in the wine and spirits industry where Dr. Bunting has been involved in a successful spirit start-up, which is poised for an acquisition opportunity. Dr. Bunting has other ongoing active business investments in the evolving internet artificial intelligence industry, as it relates to marketing and advertising.
Dr. Bunting has been an investor in the Company, acquiring a significant number of shares over the last four years. During this period, he has been and will remain an unbiased shareholder advocate looking forward to commercialization, deployment, and eventual profitability for the Company.
RICHARD MUNN: Independent director
Richard W. Munn is one of the top players in the royalty and mineral arena as demonstrated over the last 15 years with 39 years of industry experience. Of note, he managed the royalty acquisition teams at Noble Royalties and other companies, closing on the acquisition of approximately $450 million worth of Royalty and Mineral Interests involving over 50 separate transactions. Mr. Munn has a solid reputation and extensive relationships with private and public U.S.-based energy producers and mineral holders. He has also managed his own exploration and production companies. From 2005 to 2007, Mr. Munn chaired the IPAA Business Development Committee and from 2007 to 2009, he chaired the IPAA Business Development/ Membership Committee. From 2005 to 2007, Mr. Munn chaired the Society of Petroleum Engineers Business Development Committee. In addition, to his network of oil and gas industry relationships, Mr. Munn is a licensed registered professional geologist in Wyoming with a B.A. in Geology from the University of Colorado.
(1) On 8/5/2016 Don Dickson invested $70,000 in a Private Placement offering of convertible notes and warrants.
(2) On 10/13/2016 Don Dickson converted his note into common stock.
(3) On 4/17/2017 Dr. Eric Bunting invested $50,000 in a Private Placement offering of convertible notes and warrants.
(4) On 5/15/17 Richard Munn invested $10,000 in a Private Placement offering of convertible notes and warrants. He immediately converted the notes to common stock.
(5) On 5/15/2017 Richard Munn bought 42,000 shares of common stock in the open market at $0.24 per share.
(6) On 5/31/2017 Thomas Bundros invested $100,000 in a private Placement of convertible notes and warrants. He immediately converted the notes to common stock.
(7) On 7/19/2017 Dr. Eric Bunting invested an additional $40,000 to convert his warrants and stock options into common stock well before their expiration dates.
(8) On 7/30/2017 Don Dickson invested an additional $38,500 to convert warrants into common stock.
(9) On 8/2/2017 Gary Buchler invested $50,000 to buy common stock at market prices and converted all of his vested stock options.
Review Form-3 and Form-4 filings to find the original documents showing these purchases.
*To access and read all official SEC filings, click here.
*Company SEC Filings
*Corporate profile
*Investor tear sheet
- All press releases
- Incoming QS Energy CEO and Chairman Jason Lane's Letter to Shareholders and Board of Directors (MARCH 31, 2017)
- QS Energy CEO Jason Lane Issues Shareholder Update (MAY 25, 2017)
- Veteran Pipeline Infrastructure Engineer Shannon Rasmussen Joins QS Energy To Lead Global Commercialization of AOT Flow Assurance Technology (JUNE 30, 2017)
- World Pipelines: QS Energy: positive evaluation on major crude and condensate pipeline (June 6, 2016)
- Pipeline tech co. moves to Houston, names CEO, directors (June 5, 2017)
- Energy tech CEO: 'The timing is perfect' for commercial phase (June 8, 2017)
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