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Quarterly report comes out around Wednesday.
I do not expect much from Qsep and their AOT this year. In a press release this month they hinted to the AOT being almost ready. Well the quarterly report due out around 11/9 or so is revealing information only up to 9/31/16 so no magic contracts this year imo or estimation.
We might find out a little information on how were doing with Kinder Morgan with tests or leases. But I do not expect much. Its always next year or soon, and I will believe it when I see it!
I do think there is some potential next year "IF" they can ever get the AOT finished and testing to prove it done.
Zerosnoop, You said : "The sales of AOT is fast approaching". While I agree probable sales are approaching, I do not think is will be this year except for maybe a lease payment by KM on one of the tests. Between the Shareholders letter and press release this week, it mentioned a couple time that the AOT "almost" being fully Engineered.
Makes me think during the testing with KM or another way, they discovered another thing to tweak/make better/add on the AOT. That said, they will need to make the new version and test it again before sales.
That's why I think probable sales could happen in the 1st or 2nd quarter next year. Hopefully we will learn more in the quarterly report coming out around 11-9.
"
I studied the last 2 quarterly reports and other info and according my calculations. All they needed to do to start the lease should have been done around October 1st. That's "IF" they got the AOT working on KM pipeline for 30 days and other requirements finished.
I think most of it should be a slam dunk except for the AOT working for 30 days strait to expectations. I am guessing we will know on the next quarterly report due out in a little over one month. That will have information from 9/30 and before.
Although I am truly hoping the lease started, I am not holding my breath. And of course, my estimation can be off.
mr sano, you wrote: "I wonder how the KMI contracts failed inception will be soft peddled."
Me too! The either failed AOT test or successful should show up on the next quarterly report due out around 11-09-16 according to my calculations. Although I could be wrong on the exact dates.
If it's negative, I join your team. If it's positive you will probably feint! If not mentioned in the next quarterly report, I will only wait one more quarterly report after that before switching teams if not positive or sales/rental.
If everything goes well,(LOL knock on wood) I figure the KM lease could start as soon as 9-1-16 or as late as 10-1-16. My question is this: If the KM lease does start then, will the public be notified in any way shape or form? Like a form 8 or anything? Does anyone truly know the answer to this?
FML2014, your wrote responding to another poster:
"Absolutely wrong
KM have been on this journey for over 2 years to get to a success test on a live pipeline and a commercially viable product and then to what
Walk away ??????
Nice try. I don't think so"
Well FML2014, all I can say is well put! I must concur. (Agree)
The KMI contract is likely to produce a 7 years lease or buy. Just as much as going kaput. We know where u put your money, and I put a few buck on them succeeding.
If no announcements by February, it's obvious kaput. I will wait till then and use my own brain and hunches, rather than yours. Although I do occationally agree with you. What's the saying? "Even a broken clock is right twice a day."
After February I will no longer be listening to their fluff or their progress.
They also wanted to test in the lab more types of oil batches, which should be done or in process as I have read that before the latest Quarterly report. I feel the same thing about integration with KM Scada system with AOT control system. So we should be in process of the 30 days of continued operation. That's "IF" nothing goes wrong again!
The verdict is around the corner for all longs and non-believers. Many will be happy/sad come around December/January area. Will it be 1st sales or extended 7 year lease? Or a slow dying of the AOT. Of course they would try to fix it again. Tehehe
From the quarterly reports, I see the KM lease starting with in one month of September. It's a 4 month lease, and will probably hear something after 3 or 4 months. That puts hearing something around Decemberish. (That's "IF" they can get the AOT working for a whole month without problems!)
Will it be a 7 year lease? A buy and multiple orders for more? Or a pass?
New 10Q due out in less than 2 weeks! Hoping to hear more about Kinder Morgan and other.
Tkrtape, I agree 90 days sounds reasonable. I would not worry about the timeline with KMI as much now that we supposedly have a working product on their line.
Thanks for answers all.
The title of the last press release was : "QS Energy's AOT Crude Oil Friction Reduction Hardware in Review Phase for Systemic Integration With Condensate Pipeline."
Does anyone have an educated idea on how long this "review phase" is, and what it entails?
Thanks in advance. (Serious or knowlegable responces only, please)
Puppy, monkey, baby. I pre-dict this will be the 1st year of an aquitition and sales or rental of AOT's. (After testing) Stay tuned this summer, it will not be another bummer, more like a hummer!
Yes, nice eod and end of year volume. Also like the tiny raise in pps it caused. Makes me think someone is betting they will see news of the wanted aquitition next week???
PumpersExposed, Please read the quarterly statement fully before you start with more of your incorrect statements.
1) Your said "KM out":
Today's quarterly report said :
"Kinder Morgan Crude & Condensate, LLC Lease
On July 15, 2014, the Company entered into an Equipment Lease/Option to Purchase Agreement (“Lease”) with Kinder Morgan
Crude & Condensate, LLC (“Kinder Morgan”). In accordance with the terms and conditions of the agreement, Kinder Morgan agreed to
lease and test the effectiveness of the Company’s AOT technology and equipment on one of Kinder Morgan’s operating pipelines.
Equipment provided under the Lease includes a single AOT Midstream pressure vessel with a maximum flow capacity of 5,000 gallons per
minute.
The initial term (“Initial Term”) of the Lease is four months, with an option to extend the Lease for up to a maximum of 84
months. During the Initial Term, either the Company or Kinder Morgan may terminate the Agreement for any reason on 45 days’ written
notice. Lease payments shall be $20,000 per month; provided however, that in the event the Equipment is removed from service at its initial
location during the Initial Term, the monthly lease payments shall be reduced to $5,000 until the Equipment is placed back in service at its
new location, at which time the Lease payments shall resume at $20,000 per month. The agreement further provides that Kinder Morgan
shall have an option to purchase the equipment during the term of the Lease for a fixed price of between $600,000 and $1,200,000,
depending upon the date of purchase.
The equipment was delivered to Kinder Morgan in December 2014 and installed in March 2015. In April 2015, the AOT pressure
vessel experienced an electrical short and was replaced by another AOT pressure vessel. Subsequently, it was determined that the AOT
needed further modification and as a result, a modified AOT unit was installed in July 2015. Subsequently, the Company and Kinder
Morgan agreed to hold off acceptance of the AOT unit subject to further laboratory testing and system modifications which are scheduled
to be completed during the first quarter of FY 2016."
Also later in the quarterly report on KM.
"
On July 15, 2014, the Company entered into an Equipment Lease/Option to Purchase Agreement (“Kinder Morgan Lease”) with
Kinder Morgan Crude & Condensate, LLC (“Kinder Morgan”) under which Kinder Morgan agreed to lease and test the effectiveness of the
Company’s AOT technology and equipment on one of Kinder Morgan’s operating pipelines. Equipment provided under the Lease includes
a single AOT Midstream pressure vessel with a maximum flow capacity of 5,000 gallons per minute. The equipment was delivered to
Kinder Morgan in December 2014 and installed in March 2015. In April 2015, during pre-start testing, low electrical impedance was
measured in the unit, indicating an electrical short. A replacement unit was installed May 2015. The second unit also presented with low
impedance when flooded with crude condensate from Kinder Morgan’s pipeline. Laboratory tests previously run on at Temple University
on condensate samples provided by Kinder Morgan indicated the condensate was non-conductive; however, the condensate is known to
have a relatively high density of semi-conductive particulate matter suspended within the fluid. Similar conditions were experienced in
earlier prototype tests at the Rocky Mountain Oilfield Testing Center (“RMOTC”). At RMOTC, the pipeline had a high concentration of
highly conductive particulate matter, which tended to concentrate at the base of the AOT when installed horizontally, causing the AOT to
present with an electrical short. This issue was solved at RMOTC by converting to a vertical configuration, which allowed the particulate
matter to flow naturally through the AOT. Based on experience at RMOTC, Dr. Tao expressed a high level of confidence that converting to
a vertical configuration will resolve the issue of conductive particulate matter.
In June 2015, QS Energy engineers performed a series of tests and internal inspections on the AOT unit, which identified other
potential design issues that could impact electrical impedance. Based on these findings, a number of internal components of the AOT were
retrofitted or remanufactured to improve both efficacy and efficiency. The remanufactured AOT unit was delivered to Kinder Morgan
facility in Texas and was installed in its new vertical configuration in July 2015. Installation and pre-start safety tests were successfully
completed and preliminary testing initiated in August 2015. Initial results were promising, with the unit operating generally as expected.
However, voltage dropped as preliminary tests continued, indicating decreased impedance within the AOT pressure vessel. QS Energy
personnel and outside consultants performed a series of troubleshooting assessments and determined that, despite modifications made to the
AOT, conductive materials present in the crude oil condensate continue to be the root cause of the decreased impedance. Based on this
result, QS Energy and Kinder Morgan personnel mutually agreed the best course of action was to hold on final acceptance of equipment
under the lease and temporarily suspend in-field testing to provide time to thoroughly test samples of Kinder Morgan’s crude oil
condensate in a laboratory setting.
Southern Research Institute (SRI) was been engaged by QS Energy to investigate the root cause of the crude oil condensate
impedance issue by replicating conditions experienced in the field utilizing a laboratory-scaled version of the AOT and crude oil
condensate samples provided by Kinder Morgan. In addition, QS Energy retained an internationally recognized petroleum pipeline engineer
to review the AOT design and suggest design modifications to resolve the crude oil condensate impedance issue. This engineer has studied
design details, staff reports and forensic photographs of each relevant AOT installation and test. Based on these investigations, specific
modifications have been proposed to resolve the impedance issue. Subject to final design analysis and laboratory testing, we have
developed a plan to temporarily remove the AOT from its current installation for retrofit and reinstallation."
PumperExposed, you also stated, "Newfield out".
Read fromn todays quarterly report.
"In October 2014, QS Energy entered into a Joint Development Agreement with Newfield Exploration Company (“Newfield”) to
test a commercial prototype of QS Energy Joule Heat equipment, and combined Joule Heat and AOT technology, on a crude oil pipeline
serving the Greater Monument Butte oilfield located in the Uintah Basin of Utah. This test of the Joule Heat technology provides ideal
conditions to demonstrate efficiency and efficacy. The Uintah Basin is 5,000 to 10,000 feet above sea level with average low winter
temperatures of 16ºF. Crude oil pumped from the region is highly paraffinic with the consistency of shoe polish at room temperature.
Uintah's black wax crude must remain at a minimum of 95ºF and yellow wax above 115ºF and therefore requires a substantial amount of
heat to keep it above its high pour point. Operators in the upstream market often run at temperatures of 140ºF to 160ºF. Newfield, like
many other companies in the region, incurs significant operating expense in the form of fuel and power used to heat the waxy crude and
counter the cold climate conditions characteristic of Utah. The Company’s first Joule Heat prototype was installed for testing purposes at
the Newfield facility in June 2015 and the system is operational; however, changes to the prototype configuration will be required to
determine commercial effectiveness of this unit. We are working with Newfield and Dr. Carl Meinhart to modify the prototype
configuration for observed pipeline and Joule Heat operating factors. In addition, QS Energy has provided a scaled-down version of the
commercial Joule Heat unit for static and flow-through testing at Southern Research Institute (SRI). Testing performed by SRI in
September 2015 demonstrated the ability the Joule Heat technology to deliver significant temperature increases in the laboratory setting.
We are continuing to evaluate key factors in commercial equipment operation in the laboratory prior to finalizing design modifications.
Once design modifications are finalized, we plan to remove the Joule Heat unit from the field for retrofit and laboratory testing of the
prototype in advance of redeployment for in-field testing. Testing and modifications of this first prototype unit will likely continue through
the first quarter of 2016.
The Company is working in collaboration with Newfield, SRI, Dr. Carl Meinhart, and our manufacturing partner to design and
build an AOT prototype unit, for operations in the upstream crude oil pipeline market (“AOT Upstream”), specifically configured for
pipeline operating factors observed at Newfield’s Utah site. Our original plan was to retrofit an earlier prototype device previously tested at
RMOTC; however after multiple site visits and discussions with Newfield, it was determined a new, smaller unit, specifically optimized for
Newfield operations would be more appropriate for this field test opportunity. We plan to jointly test the AOT Upstream prototype unit
under typical upstream commercial pipeline conditions on Newfield’s pipeline in conjunction with the previously installed Joule Heat unit."
So either you misread or lied. You are now on ignore!
Alot of what todays quarterly report said is that both devices need more tweeking. More $ and a little more delution. A lot of upcoming prospects.
From the last quarterly report is all we know about the Kinder Morgan testing. But I believe we will learn more in the next quarterly report due out by next week. At least by the one afer that at the very latest.
I will reprint what we know from the last quarterly report about KMI testing. This if from page 17.
"On July 15, 2014, the Company entered into an Equipment Lease/Option to Purchase Agreement (“Kinder Morgan Lease”) with Kinder Morgan Crude & Condensate, LLC (“Kinder Morgan”) under which Kinder Morgan agreed to lease and test the effectiveness of the Company’s AOT technology and equipment on one of Kinder Morgan’s operating pipelines. Equipment provided under the Lease includes a single AOT Midstream pressure vessel with a maximum flow capacity of 5,000 gallons per minute. The equipment was delivered to Kinder Morgan in December 2014 and installed in March 2015. In April 2015, during pre-start testing, low electrical impedance was measured in the unit, indicating an electrical short. A replacement unit was installed May 2015. The second unit also presented with low impedance when flooded with crude condensate from Kinder Morgan’s pipeline. Laboratory tests previously run on at Temple University on condensate samples provided by Kinder Morgan indicated the condensate was non-conductive; however, the condensate is known to have a relatively high density of semi-conductive particulate matter suspended within the fluid. Similar conditions were experienced in earlier prototype tests at the Rocky Mountain Oilfield Testing Center (“RMOTC”). At RMOTC, the pipeline had a high concentration of highly conductive particulate matter, which tended to concentrate at the base of the AOT when installed horizontally, causing the AOT to present with an electrical short. This issue was solved at RMOTC by converting to a vertical configuration, which allowed the particulate matter to flow naturally through the AOT. Based on experience at RMOTC, Dr. Tao has expressed a high level of confidence that converting to a vertical configuration will resolve the issue of conductive particulate matter. In June 2015, STWA engineers performed a series of tests and internal inspections on the AOT unit, which identified other potential design issues that could impact electrical impedance. Based on these findings, a number of internal components of the AOT have been retrofitted or remanufactured to improve both efficacy and efficiency. We continue to work closely with Kinder Morgan and our equipment manufacture to further optimize the AOT for operations at the Kinder Morgan facility. A replacement unit has been converted to a vertical configuration and fully retrofitted at our manufacturer’s facility, and is now in transit to Texas for pre-delivery testing and shipment to Kinder Morgan for installation."
( I am anxious to hear how that is progressing (or not), along with Newfield and a couple other things.)
Believe what you want. As for me I will wait for the quarterly report instead of here. It is not my job to do your due dilligence and post it here as I do not have the time, nor care.
Most are in the dark as whether the one test re-started or what do to a non-disclosure agreement. That's why if you are curious, the best bet will be this or the next quarterly report imo. Or you can keep making up in your mind what is happening.
Yes, that is generally a given with this stock. But it is interesting that is where your mind went. Not interested in the 2 tests going on or other things? Unbelievable. Risky penney stocks are not for everyone I guess.
Quarterly report due out within one week or less. Hope we find out something interesting.
Mr Sano and everyone,
From the last quarterly report is all we know about the Kinder Morgan testing. But I believe we will learn more in the next quarterly report due out next month. At least by the one afer that at the very latest.
I will reprint what we know from the last quarterly report about KMI testing. This if from page 17.
"On July 15, 2014, the Company entered into an Equipment Lease/Option to Purchase Agreement (“Kinder Morgan Lease”) with Kinder Morgan Crude & Condensate, LLC (“Kinder Morgan”) under which Kinder Morgan agreed to lease and test the effectiveness of the Company’s AOT technology and equipment on one of Kinder Morgan’s operating pipelines. Equipment provided under the Lease includes a single AOT Midstream pressure vessel with a maximum flow capacity of 5,000 gallons per minute. The equipment was delivered to Kinder Morgan in December 2014 and installed in March 2015. In April 2015, during pre-start testing, low electrical impedance was measured in the unit, indicating an electrical short. A replacement unit was installed May 2015. The second unit also presented with low impedance when flooded with crude condensate from Kinder Morgan’s pipeline. Laboratory tests previously run on at Temple University on condensate samples provided by Kinder Morgan indicated the condensate was non-conductive; however, the condensate is known to have a relatively high density of semi-conductive particulate matter suspended within the fluid. Similar conditions were experienced in earlier prototype tests at the Rocky Mountain Oilfield Testing Center (“RMOTC”). At RMOTC, the pipeline had a high concentration of highly conductive particulate matter, which tended to concentrate at the base of the AOT when installed horizontally, causing the AOT to present with an electrical short. This issue was solved at RMOTC by converting to a vertical configuration, which allowed the particulate matter to flow naturally through the AOT. Based on experience at RMOTC, Dr. Tao has expressed a high level of confidence that converting to a vertical configuration will resolve the issue of conductive particulate matter. In June 2015, STWA engineers performed a series of tests and internal inspections on the AOT unit, which identified other potential design issues that could impact electrical impedance. Based on these findings, a number of internal components of the AOT have been retrofitted or remanufactured to improve both efficacy and efficiency. We continue to work closely with Kinder Morgan and our equipment manufacture to further optimize the AOT for operations at the Kinder Morgan facility. A replacement unit has been converted to a vertical configuration and fully retrofitted at our manufacturer’s facility, and is now in transit to Texas for pre-delivery testing and shipment to Kinder Morgan for installation."
Zerosnoop
Exactly! And I imagine we might learn a bid more on those tests on our next quarterly report in a little over 2 weeks. Should be interesting.
Yep FML2013,
The waiting sucks and takes too long. But I think we will be hearing something soon and we have our quarterly report coming out in less than one month. I hope to hear a little more on how our tests are doing on that report.
I am not getting rid of my stocks or going anywhere until at least after 1) Kinder Morgan tests and results, and possible contract 2) Joule heating test results.
Yes the company has made a few moves that make me shake my head negatively, but for a penny stock hopeful we are in a interesting place right now.
If you lost a lot on paper money on QSEP and still believe in the product and have not spent too much on it, now is a good time to cost average down.
Even though I am a long on this stock, I am also a trader at heart. So 1/2 of my shares are now free and I bought a lot at .30 cents
Mr Sano,
Quote: "Wait they don't have enough money to pursue their product opportunities so they have decided to do an acquisition instead? So why doesn't every penny stock that looses a boatload of cash every month do an acquisition? I mean according to your logic is a money printing machine...better than a magic white pipe."
I actually think they could "probably" do a better job with an aquitition, than they can to get a wantable product ready to sale with trusted and verified test results! No more tweaks, testing needed with a nice sized order after testing. They obviously are not super close yet if ever. Although I am hoping for next year as I have a little money in the game, I am not holding my breath.
MrfeelgoodCal made some interesting predictions on RagingBull which I am reprinting. Seem to have nailed 2 out of 4 so far after one month. Will print right below.
#2171343 mrfeelgoodcal Aug 05 18:07 We should be hearing a lot of news soon from STWA. Such as:
1) Quarterly report this month
2) Southern Research Institutes Phase 2 testing to validate AOT's ability to reduce viscosity and improve takeaway capacity. (Soon)
3) Joule Heating System test. (Expect to hear somehting Sept./October)
4) Expect to find Financing partner in near term (perhaps -Sept.-Oct.?)
And after September or October I expect to hear more on KM and perhaps our new strategic partner Norront in Norway.
This should be an exciting end of year for longs, and perhaps a GREEEEAAAAATTTT NEW YEAR!!!!!!!!
Tyberio ?Ignore User?Membermarks?Direct Message
#2171365 Tyberio Aug 05 21:02 Let's hope you're right. Even on just 1-2 of these areas.
I continue to accumulate where I am able. Bought some .25s last week....bargain shopping at these prices.
Thanks Zerosnoop! That's what I remember reading, and you saved me a bunch of looking time. I also remember someone who attended the last Shareholders meeting mentioning it.
Official from yearly report:
"On August 1, 2013, the Company entered into an Equipment Lease/Option to Purchase Agreement (“TransCanada Lease”) with TransCanada Keystone Pipeline, L.P. by its agent TC Oil Pipeline Operations, Inc. ("TransCanada") which agreed to lease and test the effectiveness of the Company’s AOT technology and equipment on one of TransCanada’s operating pipelines.
Under the TransCanada Lease, TransCanada installed and tested four AOT Midstream pressure vessels with a cumulative maximum flow capacity of 20,000 gallons per minute. As part of the testing process of our AOT Technology on the TransCanada pipeline, we received a report (“Report”) from an independent, third-party laboratory (“Laboratory”), hired by the Company. The Laboratory performed tests and analysis on crude oil treated by our AOT Equipment at the TransCanada pipeline facility where our equipment was installed under typical operating conditions. The analysis was conducted to determine the effectiveness of our equipment in reducing the flow of viscosity of crude oil flowing through the TransCanada pipeline. Among other things, the Report determined that data indicated treatment of the crude oil flowing through the TransCanada pipeline using our AOT Technology reduced the viscosity of the crude oil. The Report also determined that the efficacy of our AOT Technology was constrained due to the limitations of the electric field applied by the power supply installed on our equipment, concluding that maximum viscosity reductions could be achieved by modifying the installed power supply. We are encouraged by the results and data analysis arising from the testing of our AOT Technology under commercial operating conditions. We look forward to further development and commercialization of our technology. In June 2014, the equipment was accepted by TransCanada and the lease commenced. The TransCanada Lease was terminated by TransCanada, effective October 15, 2014."
From last Quarterly report:
"In 2013, the Company entered into an Equipment Lease/Option to Purchase Agreement (“TransCanada Lease”) with TransCanada Keystone Pipeline, L.P. by its agent TC Oil Pipeline Operations, Inc. ("TransCanada") which agreed to lease and test the effectiveness of the Company’s AOT technology and equipment on one of TransCanada’s operating pipelines. As previously reported in our 10-K report filed with the SEC on March 16, 2015, the first full test of the AOT equipment on the Keystone pipeline was performed in July 2014, with preliminary data analyzed and reported by Dr. Rongjia Tao of Temple University. Upon review of the July 2014 test results and preliminary report by Dr. Tao, STWA and TransCanada mutually agreed that this initial test was flawed due to, among other factors, the short term nature of the test, the inability to isolate certain independent pipeline operating factors such as fluctuations in upstream pump station pressures, and limitations of the AOT device to produce a sufficient electric field to optimize viscosity reduction. Although Dr. Tao’s preliminary report indicated promising results, STWA and TransCanada mutually agreed that no conclusions could be reliably reached from the July 2014 test or from Dr. Tao’s preliminary report. As a result of this test, the Company modified its testing protocols and contracted with an independent laboratory to perform follow-up tests at the TransCanada facility. This independent laboratory performed viscosity measurements at the TransCanada facility during subsequent testing in September 2014 and submitted a report which concluded that i) data indicated a decrease in viscosity of crude oil flowing through the TransCanada pipeline due to AOT treatment of the crude oil; and ii) the power supply installed on our equipment would need to be increased to maximize reduction in viscosity and take full advantage of the AOT technology. Although the power supply was constrained, subsequent analysis of the Report and related laboratory testing at Temple University revealed a limited sampling of test conditions at TransCanada under which the electrical field within the AOT was sufficient, in theory, to fully treat crude oil flowing through the treatment vessel. Though statistically inconclusive, viscosity measurements of these limited test samples indicate AOT treatment by the prototype equipment under commercial operating conditions resulted in viscosity reductions reasonably consistent with expectations based on previous laboratory tests. While more testing is required to establish the efficacy of our AOT technology, we are encouraged by the findings of our independent research laboratory and the results of subsequent comparative analysis of data collected under laboratory and commercial operating conditions. We look forward to further development and commercialization of our technology. In June 2014, the equipment was accepted by TransCanada and the lease commenced. The TransCanada Lease was terminated by TransCanada, effective October 15, 2014. The Company has modified the design of the AOT power supply such that future installations of the AOT device are expected to achieve sufficient electric field to optimize viscosity reduction."
You can pretty much trust those. Unlike what I heard from people who attended the ShareHolders meeting. They were saying things like we were still in talks or relationship with TC. I wonder if they will be watching in UTAH? When the AOT and Joule Heating will be tested with the newest tweak! Or are they watching KM?
Someone said who attended the shareholders meeting that the Engineers would have loved to continue testing, but the Company had something else in mind with that pipeline for now. (refurbishing or something)
I did read somewhere from the company that they are still in talks or have a relationship with TC, if my memory serves me right. I will look for it when I have time.
Does anyone who attended the shareholders meeting remember what was said on this subject?
See last press release on acquisitions and mergers. I am talking just the loan approval partner part. Not the acquisition yet.
We should hear a lot of news soon!
We should be hearing a lot of news soon from STWA. Such as:
1) Quarterly report this month
2) Southern Research Institutes Phase 2 testing to validate AOT's ability to reduce viscosity and improve takeaway capacity. (Soon, perhaps within a month)
3) Joule Heating System test. (Expect to hear somehting Sept./October)
4) Expect to find Financing partner in near term (perhaps -Sept.-Oct.?)
And after September or October I expect to hear more on KM and perhaps our new strategic partner Norront in Norway.
This should be an exciting end of year for longs (made lots of progress), and perhaps a GREEEEAAAAATTTT NEW YEAR!!!!!!!! Hoping for our 1st contract with KM!
Zerosum, thanks for explaining a little about the financing of the Acquisition. Mr Big does have a lot of experience and contacts in this area, so I am sure he will do it the best way possible.
Panda, I also am going to wait and see. I could not resist todays very low prices and grabbed me a couple more thousand shares with the dividends from a couple REITS I own.
I expect things to get exciting for the Company starting in a couple months.
I am half excited about the possible aquitition and half nervous. What if it ends up causing a reverse split? That would ruin all the hopes of the longs even after they get their 1st contract or two.
OHHH myyyyyyyyyy Pie, sounds probable! Should be a very interesting Q3, Q4!
Oh my Pie, you and Zerosum got my mouth watering! Great potential but I am waiting for proof for the big bucks to invest, but in the meantime I shall once again grab me a little bit more.
Zerosum, Just read your comment and news again. I think you are right, if they do this as they say or correctly it will build shareholder value and could be very impressive! Thanks for your input.
Mr Sano, I think you made a good point! From my point of view, they should have orders 1st or right around the corner and know how well the product truly works now or they are playing us with this recent news. If they are about to close a deal very soon and the latest tweak works good enough now, then I can see the value of the lastest news. If not, oye vah!
Which it is I do not know yet? I don't know people are not disscusing this with you, I thought a good subject for debate for the pro's and con's!
Moorea9, I am not quite as confident as you are, but I do think it's finally "POSSIBLE" to get a first contract as soon as Q3 or Q4. They have made lot's of progress and most of their ducks are lined up. I think 1 or 2 more ducks might line up before the contract.
Although I hope you are right and I am wrong, I would guess the 1st contract will be Q4 or Q1 next year.
I still own a good number of shares. I have sold some twice. Even though I am a long, I also am a non-greedy trader. I had bought some around .31 cents and sold around $1.50. I used 1/2 the profits on me and saved 1/2 the profits and when zero dropped down I bought some zero shares again. (more than I bought and sold) I did that one other time too, but cannot remember the details and would have to look it up. But that's not important to waste the time.
I also have a little bigger money put aside if they get that 1st contract and test results hopefully released.
Great prices near closing .282 MMMMMMM Come to daddy.
Zerosum, Arn't you? Maybe SRI 1st, followed by other small but important good news we have all read about.