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Frankly, any time before their first announcement of a strike should be sufficient.
The most activity in a few weeks.
Last corporate update was back on the 5th.
They claim their acreage could yield 100K to 500K barrels daily, with project wells anticipated to flow at an average of 300 barrels per day initially. So that first hit will bring in a lot more investors.
Don't know. This has been almost sedentary for the past 6 weeks.
Still a risk, though none of the expense of off-shore drilling, jobs and oil/gas stay right here in the U.S.
Like to see it at least top .50.
Drilling is capital intensive, but it's still the only way to prove that something is there.
Hope you're right.
A company in this type of business requires transparency, fueled by regular updates of what is and is not happening, bad news along with the good.
When you operate like they do, the most important thing is the initial procurement. It's a little like flipping real estate - - - your profit is determined by how you buy, not how you sell.
I know, though I'm in for the long run anyway.
SP pretty boring for the past 8 weeks.
The company says that, "based on Gulf Oil’s success drilling a shallow well in the Cisco Formation in 1947 and a modeling of a look-alike existing producing field (the Anton Irish field), FormCap is confident that well recoveries within its acreage could range from 100,000 to over 500,000 barrels of oil per well."
Need to produce first.
Which one is that?
So they claim that the Weber City Prospect could contain as much as 200+ million barrels of oil.
Nice jump today, .38 - .45
They are claiming recoveries from 100,000 to over 500,000 barrels of oil per well.
FormCap believes it can potentially drill up to 100 wells on the prospect.
There are bigger companies in the area, but they have a lot higher overhead/admin costs that don't count for much.
I was just thinking of the future, and what their estimates were for various stages.
Is there any kind of estimated timetable they've released?
Still a risk, but domestic, onshore oil fields like the Permian Basin are certainly easier to work with. And cumulative production is some 35 billion barrels of oil and 100 trillion cubic feet of gas.
Sharp drop, but past 8 months or so keep me going.
The SDS technology has been successfully tested by US Governmental Agencies, Israeli Security agencies, and is already being used both by commercial and governmental customers in Israel, Central America, South Africa, and the U.S.
It does have the feel of previous success stories: where a high-tech whiz kid (in this case from MIT) puts together the next big app. (ala eBay, Google, Facebook).
SLAT appears to have reached a new share-price plateau.
Don't forget the Strong Buy recommendation made earlier by Emerging Growth Research.
Energtek provides the only currently viable solution for converting the millions of 2-3 wheeled vehicles to NG.
Despite plenty of interest from drivers, gas companies and several governments in Southeast Asia, large scale conversion of 2- and 3-wheelers has not yet occurred due to difficulties presented by standard high-pressure CNG (Compressed Natural Gas) conversion technology.
CNG, which utilizes a working pressure of 200 bar remains unable to provide the same cost benefits as low-pressure CNG Lite. 200 bar CNG systems require expensive and sophisticated compression infrastructure to be locally deployed, while 60 bar CNG Lite allows for simpler and significantly less expensive regional compression infrastructure.
A false hit rate of only 4% is what differentiates the SDS system from many previously failed systems trying to do the same thing.
It certainly is true that a company's people are the company.
I wonder what Nissan is doing with lithium-ion. All-electric cars, with their almost maintenance-free structure, lower running costs, and their virtually emission-free operation, will have a big advantage over the complex and expensive hypbrids. But it will require volume production. Nissan might be the company to break through initially, but this will pave the way for the smaller companies, and spur companies like SL.
They obviously have faith in themselves.
I'm afraid that big automakers tend to lose their way. They ultimately get more wrapped up in protecting their existing market than in charting new ground. In the end, they will fail at both. It's the innovative companies that hold the future.
I think the key will be their ability to get together the resources to do all the work that is necessary. After that, the earnings should roll, and look out share price.
Hope to hear word from the field before long.
We're seeing the beginnings of the second Electric Revolution.
Genius is a tough word to define. I'm inclined to agree with Edison: "Genius is 1% inspiration, and 99% perspiration!" The people at Kraig are all working hard.
Chrysler, and others, are closing out dealerships around the country. The dealers are mad, and are now looking for another way to stay in business. What a great opportunity for EVI, who is now looking for distributors.