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Here is another example are we ESPH marketing going to extol the virtues of our equipment or let another opportunity pass:
HEN THE EARTH MOVES
Earthquakes rattling energy industry plans
Waste disposal from enhanced recovery procedures proves problematic
Published: 3 days ago
author-image by Steve ElwartEmail | Archive
Steve Elwart, P.E. is the Senior Research Analyst with the Koinonia Institute and a Subject Matter Expert for the Department of Homeland Security. He can be contacted at steve.elwart@studycenter.com.Less ?
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The Ohio Department of Natural Resources has suspended operations at a Youngstown Township fluid injection well after a 4.0 earthquake struck the area on New Year’s Eve, the 11th temblor in the area since March.
The earthquake at 3:05 p.m. was felt as far away as Michigan, Ontario, Pennsylvania and New York, reported Michael C. Hansen, state geologist and coordinator of the Ohio Seismic Network, part of the Ohio Department of Natural Resources’ Division of Geological Survey.
Scientists have determined that the likely cause was fracking – although not from drilling into deep shale or cracking it with pressurized water and chemicals to retrieve natural gas. Rather, they suspect the quakes are caused by disposal of waste water from the operations, done by pumping it back down into equally deep sandstone.
Hydraulic fracturing, or “fracking,” is the process of injecting water and proppant – a material such as sand or other particles that prevent the cracks from slamming shut when the injection is stopped – into a well under high pressure to fracture the rock layer underground and release any natural gas or oil that may be trapped inside.
While the research conducted to date does not establish a clear and direct correlation to drilling at the site and seismic activity, state officials believe that there is enough evidence to suspend operations pending further study.
To gather the evidence, the ODNR asked Columbia University’s Lamont-Doherty Earth Observatory to conduct field research on the problem. The university placed four seismometers in the area to gather data on the seismic activity. In 2011, the sensors recorded 11 events within 10 miles of the wells. It was the 11th quake to hit the area that caused state officials to stop the waste injection operations.
John Armbruster, a seismologist with Lamont-Doherty Earth Observatory, part of Columbia University, believes the waste from fracking in Ohio has led to the earthquakes there.
“Look at the evidence. Youngstown is an area which doesn’t have a history of earthquakes. This disposal well started operating in December of 2010. Three months later, the earthquakes began and the earthquakes are trickling along. From March to November, you have nine earthquakes, all of a similar size, 2.5, 2.1, and 2.7.”
On Christmas Eve, there was a 10th, magnitude 2.7 earthquake. The location of the quake, about half a mile from the bottom of the well, was sufficient evidence to conclude that there could be a link.
The 11th and largest quake occurred one week later, on New Year’s Eve.
By triangulating the arrival time of shock waves at the four stations, Armbruster and his team determined with 95 percent certainty that the epicenters of the two latest quakes were within 100 meters of each other, and within half a mile of the injection well. The team also determined that the quakes were caused by slippage along a fault line at about the same depth as the injection site, almost 2.8 miles down.
Environmentalists and lawmakers opposed to fracking and the disposal methods are seizing on the seismic activity in Youngstown to urge caution in the use of the fracking process as a way to produce natural gas.
The injection wells in Ohio are similar to ones used in Texas, where a 4.8 magnitude earthquake occurred near drilling sites in the Eagle Ford Shale formation in South Texas in October. The seismic activity in Texas, Ohio and elsewhere may indicate a link between fracking fluid disposal wells and earthquakes.
A University of Texas seismologist also believes that hydraulic fracturing by itself does not cause earthquakes. It is the disposal of the fracking fluids that is the cause of the problem. Once a well is fractured, the fracking fluid is pumped out of the well so that the gas or oil can escape to the surface and be collected. The waste fluid is then reinjected into a disposal well as a method of removal.
Originally, drilling company operators tried to recycle the fracking fluid. The state of Pennsylvania tried to mandate recycling the fluid, but found that wastewater treatment plants couldn’t get all of the toxic material out of fracking water, and the “cleaned up” water returned to rivers wasn’t clean enough. Well operators in the state then decided to ship wastewater to Ohio, where it has been going down into wells.
A 4.8 quake in the 1960s at the Rocky Mountain Arsenal in Colorado was also linked to a disposal well. Rocky Mountain Arsenal’s deep injection well was constructed in 1961 and was used to dispose of liquid waste. The Army discontinued use of the well in February 1966 because of the possibility that the fluid injection was triggering earthquakes in the area.
Arkansas residents have recently filed five class action cases against energy companies which jointly operate a number of hydraulic fracturing wells in Arkansas. The lawsuits allege that these injection wells have caused several minor earthquakes in the area as well. The plaintiffs in the case claim that since Sept. 10, 2010; the area has experienced 599 temblors in an area that is not known for any earthquake activity. The most significant was a 4.7 magnitude earthquake, which was supposedly the largest to hit the state in 35 years. In March 2011, the Arkansas Oil and Gas Commission ordered a temporary shutdown of the wells to allow time to investigate the cause of these earthquakes.
The drilling companies who are defendants in the cases maintain that the earthquakes are coincidental and are not caused by operation of the wells. The companies also point out that in the week following the shutdown, earthquakes continued to occur, although not with the same frequency. Plaintiffs argue that earthquakes would continue to occur since the fluid injected into underground is still there, at high pressure, continuing to exert pressure on the rock formation.
The United States is not the only country that suspects there is a relationship between the fracking process and earthquakes.
In the 1960s, geologists theorized that gold mines in South Africa had created small earthquakes. Mine shafts dug thousands of feet into the earth collapsed, and the “pancake” effect of the collapsing mines caused earthquakes. One of the quakes was measured at 5.2 on the Richter scale, enough to cause major damage to the poorly constructed buildings in the nearby area.
In the United Kingdom, the Cameron government said it will consider “carefully” a report commissioned by the U.K. energy company Cuadrilla Resources that acknowledges recent earthquakes in the country were caused by hydraulic fracturing.
“We will look at Cuadrilla’s report carefully with the assistance of our independent experts and regulators before deciding whether hydraulic fracturing operations should resume,” said UK Energy Minister Charles Hendry. “The potential for unconventional gas is worth exploring because of the additional security of supply and economic benefits it could provide. But its development must be done in a way that carries public confidence.”
The Geomechanical Study of Bowland Shale Seismicity report, an independent study commissioned by Cuadrilla, had several conclusions:
It is highly probable that the hydraulic fracturing did trigger a number of minor seismic events.
The seismic events were due to an unusual combination of geology at the well site coupled with the pressure exerted by water injection as part of operations.
If these factors were to combine again in the future, local geology limits seismic events to around magnitude 3 on the Richter scale as a “worst-case scenario.”
The report was conducted by a research team under the direction of Hans de Pater, professor of geotechnology at the Delft University of Technology in the Netherlands.
Few geologists are familiar with these induced or triggered quakes. The quakes are usually small and have not been extremely common. However, fracking is being conducted on thousands of wastewater wells, often in heavily populated areas that historically have not been seismically active. That means even small earthquakes that would have gone unnoticed before now draw attention.
The problem of fracking and earthquakes could have a major impact on the nation’s energy supply.
There are two areas in United States that are generating a lot of interest by energy companies for the energy resources they are thought to contain: the Bakken and the Marcellus formations. These formations contain oil and natural gas, but they are locked inside shale formations that need fracking technology to release the hydrocarbons locked inside.
The Bakken formation is an oil shale geologic structure that is estimated to occupy 200,000 square miles underlying parts of Montana, North Dakota and Saskatchewan. The entire formation is deep underground and fracking is thought to be the best method to recover significant producible reserves of oil held within the formation. An April 2008 USGS report estimated the amount of recoverable oil at 3 to 4.3 billion barrels. In 2008, fracking started to be employed in the formation, which caused a boom in production. By the end of 2010, oil production rates had grown so high that it was outstripping the pipeline capacity to ship oil out of the area, hence the need for the Keystone XL pipeline that the Obama administration is yet to approve. The fracking process has led a veteran industry insider to declare the USGS estimates are too low.
The Marcellus formation in extends throughout much of the Appalachian Mountain region in the eastern United States. Like the Bakken formation, the Marcellus formation contains largely untapped reserves, and its proximity to the populated areas of the East Coast makes it an attractive area for energy development.
A 2009 West Virginia University study estimated that the Marcellus formation contained up to 1,307 trillion cubic feet of technically recoverable natural gas. A Penn State University study estimates that the use of fracking could add a trillion dollars worth of energy resources to the nation’s shrinking energy reserves.
Terry Engelder, professor of geosciences at Penn State has said, “We can go back to wells that are already drilled and played out, and then drill horizontal from there. Reusing old wells has both economic and environmental value.”
However, the residual oil and gas left in depleted wells can only be recovered if enhanced recovery techniques, like fracking, are employed.
“If we want the energy, and I think we do, we have to figure out how to handle this,” says natural resources economist Michal Moore of Canada’s University of Calgary. The alternative is to send such wastewater to water-treatment plants not designed to handle industrial waste, he says.
“This earthquake is a cautionary tale at this point,” Moore says.
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Showing 10 of 22 comments
Faith Montgomery
I guess this would get a pass because it's *green*???
http://old.news.yahoo.com/s/ap...
Geothermal energy developers plan to pump 24 million gallons of water into the side of a dormant volcano in Central Oregon this summer to demonstrate new technology they hope will give a boost to a green energy sector that has yet to live up to its promise.
They hope the water comes back to the surface fast enough and hot enough to create cheap, clean electricity that isn't dependent on sunny skies or stiff breezes — without shaking the earth and rattling the nerves of nearby residents.
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1 day ago
ron
how about any state that dont allow fracking for natural gas go with out. this means california no more gasoline shipped in to you since you dont allow drilling off your coast. its time the oil companys fight back by not shipping refined gas to these states who dont allow drilling DC should be the first ones cut off. no permits no gas! walk obama where you wanna go no gas for you libtards anywhere. let them all walk.
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1 day ago
6 Likes
babeol
What about Carbon Sequestration? If American feels so outraged at water disposal from hydraulic fracturing operations, then why are they silent on Carbon Sequestration? The US Govt is spending BILLIONS of dollars planning to dispose of 9 times all reservoir volume underground in the form of liquid CO2. How could water disposal be bad, but liquid CO2 disposal be good? Why isn't mainstream media talking about this?
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2 days ago
2 Likes
666georgesoros
They will be storing twice the amount of oxygen as compared to carbon, they are morons.
If they were serious about eliminating carbon they would build nuke plants to separate the oxygen from the carbon and make diamonds. Not that I support that either, it's wasteful and stupid too, but less stupid than the sequestration plan.
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1 day ago
in reply to babeol
babeol
The ultimate irony: Media spins 60 year old process (hydraulic fracturing ---- water disposal underground) to be dangerous, while promoting the same process for Carbon Sequestration. If water disposal underground lubricates fault lines and promotes slippage of rock interfaces (earthquake) then how can we inject 9 times the volume of all oil/gas reservoirs in the form of CO2 and not expect similar phenomena? Media spins carbon sequestration as 'Green" and Class 2 injection (water disposal) as 'Brown'. Of course, the average American cannot think at this level and relies on MSNBC.
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2 days ago
2 Likes
Max Honeycutt
This is such blatant pseudoscience it is shocking.
The mere temporal coincidence of earth quakes and the occurrence of Hydraulic fracturing establishes nothing, except that these supposed "scientists" are incompetent.
The notion pumping relatively small amount of water into the earth would create enough pressure to cause an earthquake ---moving billions of tons of the earth's crust---is so ludicrous it is laughable.
This is such a basic, elementary error of logic, it is simply stunning.
Did these scientists not also notice that the presence of seismographic sensors also coincided with the earthquakes? So maybe the sensors caused the quakes..... Morons
There must be hundreds, maybe thousands of things that temporally coincide with the earthquakes,
What the scientists have test and establish is a mechanism by which disposing water underground could do set off earthquakes and i assure you they have not done this.
The oil and gas industry should file an injunction against the state, pending a proper showing of proof that pumping water underground causes earthquakes.
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2 days ago
3 Likes
Jim Taipale
You seem to be the moron. Obviously there is enough pressure to fracture the rock which in and of itself is a seismic event genious! To fracture rock you have to exceed its inherent tensile or shear strength of these rocks, Gee isn't that what happens during an earthquake?? Go back to your history books & quit commenting on stuff you don't know about. Moreover, the removal of billions of barrels of oil & gas will cause subsidence; i suppose you think that this is psuedoscience as well. Subsidence isn't dangerous, however, but it can cause cracking to foundations if there's differential setting. This is why the Bakken is a good resource because it isn't in an area where you have large populations of people who seem to think all this can be done with zero impact. And if there is impact, out pops the lawyers. Living comfortable lives has consequences people because if we can't grow it we have to mine it.
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1 day ago
in reply to Max Honeycutt
1 Like
Max Honeycutt
Jim Taipale
Didn't you read the text of the article?
They already admitted the quakes would not be caused by fracking. What is suggested is that it is the disposal of waste water causing the quakes.
Quote: Scientists have determined that the likely cause was fracking – although not from drilling into deep shale or cracking it with pressurized water and chemicals to retrieve natural gas. Rather, they suspect the quakes are caused by disposal of waste water from the operations, done by pumping it back down into equally deep sandstone.
But this is absurd, as the waste water is not pumped down under significant pressure. They need to come up with a testable model. So far they do not have one.
Secondly, the earthquake record only goes back about 150 years. We have no idea how volatile these areas are in the larger scheme of things.
In my view, what these so-called "scientists" are doing is cooking up a cock-eyed theory to stop the oil industry that they hate so much, just like they...
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1 day ago
in reply to Jim Taipale
3 Likes
Max Honeycutt
JIM Taipale
Didn't you read the text of the article?
They already admitted the quakes would not be caused by fracking. What is suggested is that it is the disposal of waste water causing the quakes.
Quote: Scientists have determined that the likely cause was fracking – although not from drilling into deep shale or cracking it with pressurized water and chemicals to retrieve natural gas. Rather, they suspect the quakes are caused by disposal of waste water from the operations, done by pumping it back down into equally deep sandstone.
But this is absurd, as the waste water is not pumped down under significant pressure. They need to come up with a testable model. So far they do not have one.
Secondly, the earthquake record only goes back about 150 years. We have no idea how volatile these areas are in the larger scheme of things.
In my view, what these so-called "scientists" are doing is cooking up a cock-eyed theory to stop the oil industry that they hate so much, just like they...
show more
Like
1 day ago
in reply to Jim Taipale
2 Likes
Vegas
I'm all for industry, especially in America, especially heavy industry, but I'm not for fracking. There's other way to get the gas out, that doesn't wreck the ground.
Fracking comes off like this, to me anyways, like somebody breaking up my house's foundation. Then my house settles. In the big scale, this also adds new pressure to the ground, making the possibilities for an earthquake more than possible.
I'm for natural gas, but it must be obtained in a new way. And believe me, there are better, easier, safer ways. Mankind just have to invent it!
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2 days ago
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I do feel the same way but not as a result of our marketing but inspite of. Why do we never see a press release comparing our savings with other competitors? The marketing is poor and we need a pr firm that will get out there and deliver the message. As I have said before we have a great product which is also the BEST KEPT SECRET!!! That is not good.
When you have a great product and the stock does not go up it is very discouraging. However, I feel within the next 45 days we will see if there any contracts which will cause a rise in the price. The Alpha and the Street article were excellent. The problem is we have bad marketing. I could sell this devices faster at a flee market then are marketing allows. Bad marketing can and will kill a company. Hopefully as we have seen with the recent articles this company is worth quite a bite of money.
Good work Art. Everything is going for us we need a rise in the stock.
We all I believe have a wait and see method. If this would get to 60 cents before the end of the year it would be great.
First Trade, Recognizer:
The following says it all:
by Ryan Fitzwater, Investment U Research
Tuesday, December 20, 2011
Critics of the controversial natural gas drilling process called hydraulic fracking have recently had their suspicions confirmed.
After three years of extensive testing in Wyoming water wells, the Environmental Protection Agency (EPA) has concluded that hydraulic fracking can contaminate drinking water supplies.
This is the first time the EPA has confirmed what many have been debating for a years.
Early testing of water wells in 42 homes in Wyoming (where fracking is very prevalent) found serious contaminants that could or could not match the drilling industry. Note that the EPA did not rule out hydraulic fracking, unlike agricultural pollutions, which they did rule out.
These early findings led the EPA to dig two deeper, monitoring wells… and the results were substantial.
They found that pollution was much worse at deeper levels than they were in shallower, personal wells. At greater depths, 10 substances were found that match the additives and chemicals used in the fracking process.
This lead the EPA to conclude that fracking was the most likely cause of this pollution.
A Hit to the Industry?
Since complaints began, the natural gas and oil industry has argued that fracking wasn’t the cause of water well pollution. Companies had blamed wells that were improperly built for the pollution they were seeing.
Thing is, the EPA in its most recent Wyoming testing found that the concrete lining of well walls was degrading in a distinct way in areas near drilling zones. Basically, the force of fracking is either damaging weak areas in the cement or developing new ones.
Are the EPA’s findings really that surprising?
To think that drilling into rock could cause damage to underground wells in the area or that pumping chemicals directly into the ground could actually pollute underground water sources is outlandish, right? Please pardon my sarcasm; to me these findings are far from shocking.
But with all this bad news for the fracking industry, I, along with others, don’t see this leading to an all out ban on fracking.
The EPA study in Wyoming is about one specific geological area, and cannot draw conclusions on what could be happening in other areas like Pennsylvania, Texas, or New York. The natural gas industry will surely argue this point.
And then you have to ask what will actually happen in Washington, D.C. with regards to the EPA’s findings?
It is more than possible that these findings will do absolutely nothing considering oil and gas lobbyists have their hands in the pockets of countless congressmen. Not to mention, all you have to say is “jobs” and some automatically shut the door on the argument.
According to a recent survey conducted by the Deloitte Center for Energy Solutions, eight in 10 respondents agree that natural gas development can create job growth. The online survey consisted of 1,694 interviews and also found that only two in 10 felt that the risks of developing shale gas “far” or “somewhat” outweigh the benefits, with 58 percent believing that the benefits outweigh the risks.
But there’s still the possibility that this could put forth legislation that would closer regulate or all out ban fracking if it’s deemed unsafe and unclean to drinking water and the environment.
While this could become a big blow to the industry, there’s another opportunity here that could take fracking to a more environmentally friendly level.
A Cleaner Way for Fracking
Founded in 1998 Stuart, Fla.-based Ecosphere Technologies (OTC: ESPH) is a green-centered technology development, manufacturing and diversified engineering company.
The company focuses on green technologies, with the purpose of eliminating the use of toxic chemicals in many industrial applications.
Ecosphere has been an innovator in the water industry, and has been on the forefront in developing eco-friendly technologies to solve major water challenges on land and at sea.
With a broad patent portfolio of clean technologies, we’re most interested in their Ozonix® product.
Ozonix is a chemical-free water treatment solution that can be used in the oil and natural gas industry for a more eco-friendly fracking process.
The current fracking process uses a mix of sand, water and chemicals that’s pumped into the ground to unlock trapped gas.
With Ozonix, oil and gas companies can pump environmentally friendly ozone into drill wells to manage microbial growth, which provides the same disinfectant that liquid chemical biocides normally supply.
What makes this even more attractive is that Ecosphere’s product and process is cost effective.
Many of the chemicals currently used in the fracking process are actually more expensive than Ozonix.
And with chemical mixtures, oil and gas companies have to bring in wastewater trucks to remove contaminated flow back water that returns to the surface. Millions of gallons have to be trucked away to holding ponds or deeper injections sites. This trucking process greatly increases overhead.
With Ozonix, no secondary chemical waste stream is produced and you can recycle 100% of the fluids that return to the surface. So you not only do away with the expensive trucking process, but you also preserve precious water resources for present and future generations.
Normally going green means taking a hit in price, but with Ozonix Technology this isn’t the case.
Demand is Growing
Since 2008, Ecosphere has treated roughly 1.09 billion gallons of fracking water for oil and gas companies, removing chemicals and preserving vital water resources on over 375 natural gas wells. And demand for Ozonix is growing at a rapid pace.
The company’s CEO, Charles Vinick, recently stated that the Ozonix process being used in fracking has brought big business to Ecosphere, creating a 10-fold increase in revenue over the last two years.
This might help explain why the company recorded record revenue of $8.2 million in the third quarter of 2011, a 275-percent increase compared to the third quarter of 2010. And what’s more significant is that Ecosphere had over $1 million in cash on hand at the end of the third quarter of 2011, compared to a measly $46,387 it had on December 31, 2010.
Ecosphere Quarterly Revenue
And orders from energy exploration companies continue to come in.
Recently, Ecosphere got orders for two Ozonix EF8o units to be delivered to Hydrozonix LLC in the forth quarter. This was after very successful frack testing in Texas, where Ozonix processed over nine million gallons of fluid with zero equipment downtime over seven days. And this was all done with just one piece of mobile equipment.
No matter how the EPA’s recent report affects fracking’s future (unless they totally ban the practice), investor’s should keep a close eye on Ecosphere.
If no legislation comes out of Washington banning chemicals in fracking, it’ll be no skin off Ecosphere’s back. It will continue to sell Ozonix at competitive and cost effective prices to an oil and natural gas industry that’s estimated to be worth $85 billion by 2013.
But if legislation comes out banning the use of chemicals in the fracking process, get ready for Ecosphere’s profits to really soar.
Incredible demand for the Ozonix Technology would shoot through the roof considering they’re offering a chemical-free solution for fracking fluids.
Not to mention the company could sell their patented clean technologies for substantial premiums and would also become the ultimate takeover target for natural gas producers.
A cleaner future could be in store for hydraulic fracking – oil and gas companies and the environmentally conscious citizen should stay tuned.
Good investing,
Ryan Fitzwater
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Now we are marketing. More of this and the stock will go up. It is about time.
Today I feel like I should have listened to Recognizer a week or so ago. Then I could have purchased Chcr which I feel will go up. I am waiting to the next quarter and feel that if esph does not go up forget it.
Unless there is news I believe it will be flat to next year.
Unless there is news I believe it will be flat to next year.
I hope so to. I am really awaiting next quarter and if it is a winner and the stock does not lose 1 penny, it should go up. I believe the mms are counting on the first of the year high and a good 4th quarter. Plus we need more sales. Once again first trade thanks for your sound insight and advice.
Just speculation. Also I am following insider.com to see if there is any insider trading.
I am wondering if the volume means news re sales or that esph will have another company produce machines thus increasing output. Any comment would be appreciated.
Nothing to be sorry about you along with the others on this site always give insight into esph which is helpful. Once again firstrade thanks for the comment.
There was 400,000 sold yesterday and further check me if I am wrong the 500,000 was restricted to December. So these shares may not represent that amount. Either way there is strong buying and a buildup I believe by the MMs. ru
I agree and further am very happy with the amount of trades so far today. Nothing moves until there is an increased amount of trade. I hope this continues. Matt how do you feel about next quarter.
Volume represents a bearish raid. Lets see if it goes above 500,000 shares. I do believe the mms are poising to run it. When I do not know but with this kind of buying yes it will happen.
Matt was is your background and accountant or just a professional investor. I agree with your reasoning and I am awaiting more contracts including one were ESPH contracts with a company to increase output of the EF 80s.
I read it to and believe me I wish we sold to Cheseapeake, Mclendon is not afraid to spend money. SWN is a great company but they are taking to much time to order and therefore tying us up.
Matt if you are right I as a Roman Catholic will make sure my church has two Saint Matts.
Also read if you have time Bloomberg Magazine it has a great article on Natural Gas and qoutes Mclendon from Cheaspeake.
That I agree with. However,I will wait till the fourth quarter results. Thanks for your comment it is straight forward and truethful.
Another key to success is what will the royalities be. That will increase income along with new production. So far I have seen no figures which represent royalties. Also I called and discovered they are hiring for the machines. In short anytime there is hiring that is a good sign. The sites Eagle and Midland in Texas.
This company from my understanding did all it could to keep the doors open. They have done great making a great product that is unmatched. It is up to P an J to bring in the business. Lets give this another six months and see what happens. Remember Recognizer a contract were they were making two a month would clearly boost this company. Also this stock could spring anytime the mms decide to move it. I had one stock that went up 12 times what I paid for it you can now use the stock certifcates for wall paper. Finally remember it was a bad stock market week and the Dow Jones mentioned esph stock lost a penny. The best is yet to come.Dennis and the gang did all they could now the needs of the market will be the final determiant.
Are you talking about the mms?
So when will this stock have a chance of going up.
I feel next quarter and the first three months of next year are telling. I do believe we will see good contracts. What is your opinion stock will go up but need another good quarter?
But why has the stock not gone up?
Your right. I just hope we see more sales and an agreement with another company to use there site to produce more. This is the time to gear up. A contract where they would be producing 6 a month would send them over the top.
On what do you base that statement? I do believe there will be more sales announced.
We are now in the home stretch of the Quarterly pretty soon the grand finale will tell how high or low it will go. If there is revenue of 7 or 7.5 million and more sales announced the stock should go up nicely. Either way we will know for sure.
Will know if real trend if it goes up tomorrow and Friday. Lets hope there is news next week before the reporting date. Barchart has a buy. Resistance 50 cents.
Read article this month in forbes about fracking and Cheseapeake Energy and a great article in Scientific America on fracking and the dangers thereof. With all the news ESPH has a great chance of going up. Southwestern Energy the company which helped us design the product has stock that is soaring. While the target price was reduced to 45 dollars from 50 they have the desire to buy our product and the money.
Are best friend is the EPA. Your right.
I cannot do it based on my job.
Last year ESPH made a big splash on tv and internet re the Oil Spill. After a price spike ESPH did not secure the contract. I believe because people lost money they soured on ESPH. However, now we have a great third quarter with money and a great fourth quarter. We are now in a different ballgame. What is frustrating is we know how good this product is. Do not worry in a short time after profits and I mean this quarter the stock will go up. Remember the mms will move when they feel the time is right.
Help from the EPA. This stock should eventually soar.
EPA To Develop Natural Gas Wastewater Standardsby Tennille Tracy|Dow Jones Newswires|Thursday, October 20, 2011
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WASHINGTON (Dow Jones Newswires), Oct. 20, 2011
U.S. officials plan to create new environmental standards for natural gas production and coal bed methane extraction.
The Environmental Protection Agency said Thursday that it plans to propose new rules for wastewater associated with shale gas in 2014 and for coal bed methane extraction in 2013.
The EPA said that some wastewater from shale gas extraction is currently taken to treatment plants that are not equipped to properly handle the wastewater. The agency said that wastewater associated with coal bed methane extraction is not currently subject to national standards for discharge into waterways.
Copyright (c) 2011 Dow Jones & Company, Inc.
Thanks for your comment.
Thanks for the explanation. I do feel we are going to get news latest by next week. Thanks again for your help.
What do you mean by positioning? It appears there is an uptrend I would not be surprised if we see some news by next week. Please comment