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GETC had a nice run this past week.
There was not any news from the company. It looks to be one or more big buyers. If so, are they still buying and how much more, or are they done or almost done?
Started the week with a quote of .05 x .07 and end with .15 x .21 with last trade of .20.
If interested in a speculative stock, which I believe has huge potential, you may want to do some DD. I have a web site with information and some of my opinions.
http://members.lycos.co.uk/getc/
greatday8
GETC, interview with WallStreetReporter,
Geotec Thermal Generators, Inc. (OTC BB: GETC) did an interview with WallStreetReporter.com on Thursday, Sept. 12.
It will be up on WallStreetReporter's web site for only five days.
To listen to the interview go to: http://www.wallstreetreporter.com/v2/html/frontpage/index.asp
The interview is at this link:
http://www.wallstreetreporter.com/v2/asp/profile/default.asp?rightnav=categories&content=99&...
A few highlights:
Operational status started in 2nd qtr 2002 doing work for joint venture partner, Sierra Corp.
Sierra agreement calls for minnimum of $1 million to GETC, which should just about leed them to profitability.
Geotec sees that Sierra could be 3-4 times that over the next 12 months.
Sierra is working on financing up to $40 million.
Several other joint venture partners and agreements have yet to be announced.
More information will become transparent over the next 4-8 weeks.
Funds are coming from Sierra. Geotec is just now bringing in funds, which should increase as they are successful in treating wells.
Do not need to raise additional capital at this time.
Goetec would hope to generate a large amount of cash, and would like to see shareholders benefit from it in some form of structure, have yet to persent for discussin with the board of directors.
Geotec Thermal Generators, Inc. is an emerging oil and gas well treatment company. The Company brings to North, South and Central America the PGDBK technology which was developed by the former Soviet Union Military Research and Production Facility, NPO ALTAI, for the Ministry of Geology, USSR.
This technology is designed to produce a thermo-chemical treatment of oil and gas wells, restoring and increasing productivity.
The PGDBK technology can be used to treat reservoirs of diverse geological conditions. It is designed to treat carbonates, limestone, sandstone and dolomite. Generally treatments have been performed in fractured limestone, consolidated sandstone and dolomites. Reservoirs with combinations of these sedimentary rocks have also been successfully treated with this technology.
The technology is based on a firm scientific foundation of a facility with expertise in pyrotechnics. This technology has been successfully applied to over 30,000 wells.
GETC, interview with WallStreetReporter.com
Geotec Thermal Generators, Inc. (OTC BB: GETC) did an interview with WallStreetReporter.com on Thursday, Sept. 12.
It will be up on WallStreetReporter's web site for only five days.
To listen to the interview go to: http://www.wallstreetreporter.com/v2/html/frontpage/index.asp
The interview is at this link:
http://www.wallstreetreporter.com/v2/asp/profile/default.asp?rightnav=categories&content=99&...
A few highlights:
Operational status started in 2nd qtr 2002 doing work for joint venture partner, Sierra Corp.
Sierra agreement calls for minnimum of $1 million to GETC, which should just about leed them to profitability.
Geotec sees that Sierra could be 3-4 times that over the next 12 months.
Sierra is working on financing up to $40 million.
Several other joint venture partners and agreements have yet to be announced.
More information will become transparent over the next 4-8 weeks.
Funds are coming from Sierra. Geotec is just now bringing in funds, which should increase as they are successful in treating wells.
Do not need to raise additional capital at this time.
Goetec would hope to generate a large amount of cash, and would like to see shareholders benefit from it in some form of structure, have yet to persent for discussin with the board of directors.
Geotec Thermal Generators, Inc. is an emerging oil and gas well treatment company. The Company brings to North, South and Central America the PGDBK technology which was developed by the former Soviet Union Military Research and Production Facility, NPO ALTAI, for the Ministry of Geology, USSR.
This technology is designed to produce a thermo-chemical treatment of oil and gas wells, restoring and increasing productivity.
The PGDBK technology can be used to treat reservoirs of diverse geological conditions. It is designed to treat carbonates, limestone, sandstone and dolomite. Generally treatments have been performed in fractured limestone, consolidated sandstone and dolomites. Reservoirs with combinations of these sedimentary rocks have also been successfully treated with this technology.
The technology is based on a firm scientific foundation of a facility with expertise in pyrotechnics. This technology has been successfully applied to over 30,000 wells.
greatday8
GETC, interview with WallStreetReporter.com
Geotec Thermal Generators, Inc. (OTC BB: GETC) did an interview with WallStreetReporter.com on Thursday, Sept. 12.
It will be up on WallStreetReporter's web site for only five days.
To listen to the interview go to: http://www.wallstreetreporter.com/v2/html/frontpage/index.asp
The interview is at this link:
http://www.wallstreetreporter.com/v2/asp/profile/default.asp?rightnav=categories&content=99&...
A few highlights:
Operational status started in 2nd qtr 2002 doing work for joint venture partner, Sierra Corp.
Sierra agreement calls for minnimum of $1 million to GETC, which should just about leed them to profitability.
Geotec sees that Sierra could be 3-4 times that over the next 12 months.
Sierra is working on financing up to $40 million.
Several other joint venture partners and agreements have yet to be announced.
More information will become transparent over the next 4-8 weeks.
Funds are coming from Sierra. Geotec is just now bringing in funds, which should increase as they are successful in treating wells.
Do not need to raise additional capital at this time.
Goetec would hope to generate a large amount of cash, and benefit shareholders.
Geotec Thermal Generators, Inc. is an emerging oil and gas well treatment company. The Company brings to North, South and Central America the PGDBK technology which was developed by the former Soviet Union Military Research and Production Facility, NPO ALTAI, for the Ministry of Geology, USSR.
This technology is designed to produce a thermo-chemical treatment of oil and gas wells, restoring and increasing productivity.
The PGDBK technology can be used to treat reservoirs of diverse geological conditions. It is designed to treat carbonates, limestone, sandstone and dolomite. Generally treatments have been performed in fractured limestone, consolidated sandstone and dolomites. Reservoirs with combinations of these sedimentary rocks have also been successfully treated with this technology.
The technology is based on a firm scientific foundation of a facility with expertise in pyrotechnics. This technology has been successfully applied to over 30,000 wells.
Geotec Thermal Generators, Inc. Announces Joint Venture with Sierra Corporation for Well Asset Acquisition and Improvement
BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 20, 2002--Geotec Thermal Generators Inc. (OTCBB:GETC - News) announced a Joint Venture with Sierra Corporation, of Magnolia, Arkansas, whereby Sierra will initially pay $1 Million for Geotec's services. The scope of the services includes; well evaluation for acquisition, well enhancement design and implication of Geotec's gas generator technology to determine which wells will be acquired by Sierra for treatment by Geotec's process. Geotec will treat the acquired wells on a fee for service basis, subsequent to Sierra's acquisition to increase the production or asset value of each property. Under the agreement, gas generators will be reserved for Sierra, as payments are made by Sierra. The first payment has been received by Geotec from the Sierra financing party. Sierra has funding arrangements executed, which provides $250,000 initially, and an additional $2 Million shortly thereafter from a substantial Geotec investor. Further, the Sierra funding agreement is outlined to establish banking credit lines equal to an additional $10 Million.
Mike Tsutsch, Sierra's President and Chairman stated, "We are very pleased to be able to apply the Geotec services and technology such that we can predetermine the expected production increases, short and long term, for each well or field that we acquire. We feel that this gives us the advantage of acquiring only those wells with better than average increased production potential."
W. Richard Lueck, Geotec's CEO stated, "We are excited about working with Sierra to apply the science of our technology for asset and production enhancement of their oil and gas wells."
Mike Tsutsch has owned and operated oil and gas production companies, and early in his career been employed as a drilling consultant, engineering and sales director of a drilling fluid company. His career has encompassed the oil fields in Texas, Louisiana, Arkansas and Oklahoma, since the middle 1970's, and he is a minor shareholder in Geotec. Mr. Tsutsch's education includes Petroleum Engineering, Marketing and Economics from Louisiana Tech University and Southern Arkansas University.
W. Richard Lueck, Geotec's CEO, manages Lunar Investment Trust, a significant, but not a majority owner of Sierra Corporation, and he has also been requested and accepted engagement as an officer/director of Sierra. Geotec Thermal Generators, Inc. has exclusive rights to the Russian Federation technology for oil and gas recovery developed by the Military Research and Production Facility, FR & PC ALTAI for the Ministry of Geology, for use in North, South and Central America. This unique scientific technology concluded development in 1986, comprising 6500 wells with 14 years of research and development. Over 30,000 wells have been treated with a 70% success rate for oil wells, and a 90+% success rate for gas wells. The technology produces incremental oil yields averaging over 6000 barrels of oil per well, per year. Wells, in certain rock formations, have exceeded 45,000 barrels of oil per well, per year. Other than the Company, only 12 governments have been permitted this technology, including China and India.
Geotec Thermal Generators, Inc. Announces Joint Venture with Sierra Corporation for Well Asset Acquisition and Improvement
BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 20, 2002--Geotec Thermal Generators Inc. (OTCBB:GETC - News) announced a Joint Venture with Sierra Corporation, of Magnolia, Arkansas, whereby Sierra will initially pay $1 Million for Geotec's services. The scope of the services includes; well evaluation for acquisition, well enhancement design and implication of Geotec's gas generator technology to determine which wells will be acquired by Sierra for treatment by Geotec's process. Geotec will treat the acquired wells on a fee for service basis, subsequent to Sierra's acquisition to increase the production or asset value of each property. Under the agreement, gas generators will be reserved for Sierra, as payments are made by Sierra. The first payment has been received by Geotec from the Sierra financing party. Sierra has funding arrangements executed, which provides $250,000 initially, and an additional $2 Million shortly thereafter from a substantial Geotec investor. Further, the Sierra funding agreement is outlined to establish banking credit lines equal to an additional $10 Million.
(See PR for complete story)
Geotec Thermal Generators, Inc. Announces Joint Venture with Sierra Corporation for Well Asset Acquisition and Improvement
BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 20, 2002--Geotec Thermal Generators Inc. (OTCBB:GETC - News) announced a Joint Venture with Sierra Corporation, of Magnolia, Arkansas, whereby Sierra will initially pay $1 Million for Geotec's services. The scope of the services includes; well evaluation for acquisition, well enhancement design and implication of Geotec's gas generator technology to determine which wells will be acquired by Sierra for treatment by Geotec's process. Geotec will treat the acquired wells on a fee for service basis, subsequent to Sierra's acquisition to increase the production or asset value of each property. Under the agreement, gas generators will be reserved for Sierra, as payments are made by Sierra. The first payment has been received by Geotec from the Sierra financing party. Sierra has funding arrangements executed, which provides $250,000 initially, and an additional $2 Million shortly thereafter from a substantial Geotec investor. Further, the Sierra funding agreement is outlined to establish banking credit lines equal to an additional $10 Million.
Mike Tsutsch, Sierra's President and Chairman stated, "We are very pleased to be able to apply the Geotec services and technology such that we can predetermine the expected production increases, short and long term, for each well or field that we acquire. We feel that this gives us the advantage of acquiring only those wells with better than average increased production potential."
W. Richard Lueck, Geotec's CEO stated, "We are excited about working with Sierra to apply the science of our technology for asset and production enhancement of their oil and gas wells."
Mike Tsutsch has owned and operated oil and gas production companies, and early in his career been employed as a drilling consultant, engineering and sales director of a drilling fluid company. His career has encompassed the oil fields in Texas, Louisiana, Arkansas and Oklahoma, since the middle 1970's, and he is a minor shareholder in Geotec. Mr. Tsutsch's education includes Petroleum Engineering, Marketing and Economics from Louisiana Tech University and Southern Arkansas University.
W. Richard Lueck, Geotec's CEO, manages Lunar Investment Trust, a significant, but not a majority owner of Sierra Corporation, and he has also been requested and accepted engagement as an officer/director of Sierra. Geotec Thermal Generators, Inc. has exclusive rights to the Russian Federation technology for oil and gas recovery developed by the Military Research and Production Facility, FR & PC ALTAI for the Ministry of Geology, for use in North, South and Central America. This unique scientific technology concluded development in 1986, comprising 6500 wells with 14 years of research and development. Over 30,000 wells have been treated with a 70% success rate for oil wells, and a 90+% success rate for gas wells. The technology produces incremental oil yields averaging over 6000 barrels of oil per well, per year. Wells, in certain rock formations, have exceeded 45,000 barrels of oil per well, per year. Other than the Company, only 12 governments have been permitted this technology, including China and India.
GETC announces Operational Progress and Support
GETC issues a PR and perhaps more will follow if the final field training is to be done in the second quarter.
Monday May 13, 11:14 am Eastern Time
Press Release
SOURCE: Geotec Thermal Generators, Inc.
Geotec Thermal Generators, Inc. Announces Operational Progress and Support
BOCA RATON, Fla.--(BUSINESS WIRE)--May 13, 2002--Geotec Thermal Generators Inc. (OTCBB:GETC - News) announced progress and support in the following areas:
Our Ecuador joint venture partner, Barki has informed us that PetroEcuador has had a 25% decline in prior production, and Barki has a timetable for the Geotec technology introduction in the second quarter, 2002 to PetroEcuador and the private well owners in Ecuador.
Geotec has had various meetings and conferences with U.S. well operators/owners in the last three months with a view to establish a purchase program for segregating and reserving gas generators for each group of well operators, as they make service commitments and purchase arrangements for treatment of their wells. This type of contractual commitment will permit continual optimum production for these specific well operators utilizing Geotec engineering and gas generators. These individual agreements include a minimum of 100 wells or significantly more, and further information will be released on each as their funding for gas generators is received.
GETC announces Operational Progress and Support
GETC issues a PR and perhaps more will follow if the final field training is to be done in the second quarter.
Monday May 13, 11:14 am Eastern Time
Press Release
SOURCE: Geotec Thermal Generators, Inc.
Geotec Thermal Generators, Inc. Announces Operational Progress and Support
BOCA RATON, Fla.--(BUSINESS WIRE)--May 13, 2002--Geotec Thermal Generators Inc. (OTCBB:GETC - News) announced progress and support in the following areas:
Our Ecuador joint venture partner, Barki has informed us that PetroEcuador has had a 25% decline in prior production, and Barki has a timetable for the Geotec technology introduction in the second quarter, 2002 to PetroEcuador and the private well owners in Ecuador.
Geotec has had various meetings and conferences with U.S. well operators/owners in the last three months with a view to establish a purchase program for segregating and reserving gas generators for each group of well operators, as they make service commitments and purchase arrangements for treatment of their wells. This type of contractual commitment will permit continual optimum production for these specific well operators utilizing Geotec engineering and gas generators. These individual agreements include a minimum of 100 wells or significantly more, and further information will be released on each as their funding for gas generators is received.
WIZD, becoming a leader in the speech recognition application development and developer tools market.
Bubba's Weekly Stock Scan for May 12-18,2002 profiled WIZD.
http://www.hotstockchat.com/wkscans.htm
WIZD- 1.37/1.43. Float 7 million. Wizzard Softwares principal activities are to develop, sell and service custom and packaged computer software products. Primarily is their voice tools product line utilized by software developers who use IBM's or Microsoft's voice recognition engines. Great DD on this stock can be found at http://ragingbull.lycos.com/mboard/boards.cgi?board=WIZD&read=91 This stock has silently risen from .75 in April to its current levels. With such a low float it would'nt take make much to make this stock really fly. Also with its cutting edge technology and obvious ties to large corporations this is a great long term buy for you folks who are so inclined. Take some time to DD this stock. I think you will like what you see. Decent short term buy, Great long term buy.
greatday8
WIZD, becoming a leader in the speech recognition application development and developer tools market.
Bubba's Weekly Stock Scan for May 12-18,2002 profiled WIZD.
http://www.hotstockchat.com/wkscans.htm
WIZD- 1.37/1.43. Float 7 million. Wizzard Softwares principal activities are to develop, sell and service custom and packaged computer software products. Primarily is their voice tools product line utilized by software developers who use IBM's or Microsoft's voice recognition engines. Great DD on this stock can be found at http://ragingbull.lycos.com/mboard/boards.cgi?board=WIZD&read=91 This stock has silently risen from .75 in April to its current levels. With such a low float it would'nt take make much to make this stock really fly. Also with its cutting edge technology and obvious ties to large corporations this is a great long term buy for you folks who are so inclined. Take some time to DD this stock. I think you will like what you see. Decent short term buy, Great long term buy.
greatday8
GETC, is it a sleeper about to awaken?
Will GETC be showing its potential in the 3rd quarter?
Contact:
W. Richard Lueck, (561) 447-7370
rlueck@m...
http://www.geo-tec.net/
Geotec Thermal Generators, Inc. (OTCBB: GETC) is an emerging oil and gas well treatment company. Geotec is exclusive for the PGDBK technology for North, South and Central America that have
approximately 5.4 Million oil and gas wells. The technology has been transferred from the Russian Federation, and only one field training need be completed. This final training will be coordinated with J-
TEX, after which they will then be treating oil and gas wells and Geotec will have revenue and earnings.
The technology is new to North, South and Central America, so the past couple years Geotec has been establishing the science of the PGDBK technology. Geotec's technical paper has been accepted by and Geotec has made presentations at the Petroleum Technology Transfer Counsel (PTTC) and Society of Petroleum Engineers (SFE). The PGDBK technology and Geotec have appeared in articles in several respected publications in the industry, (1) Hart's E & P; (2)Energy Prospectus; (3) The American Oil & Gas Reporter.
Is GETC a sleeper that is about ready to awaken? Read through "Item 1 - Description of Business" in the 10KSB filed April 15,2002. Following is an excerpt and it may be suggesting that GETC will be operational in the second or third quarter of 2002.
***************** This is taken from the 10KSB filed on April 15,2002 *******************************
The Company expects to complete training in the second quarter of 2002, concurrent with the training of its joint venture partner, J-TEX Corporation, a Nevada Corporation.
The Company anticipates expanding its sales and technical staff upon receipt of additional financing, and plans to continue contracting through its joint venture with J-TEX Corporation in North South and Central America. Of the 2.9 million wells in the US and Canada, 2.5 million wells are inactive or are very low producers. The Company estimates that at least two-thirds of these wells are owned by small or intermediate-sized companies, comprising 85% of the oil and gas production in the US and Canada. The joint venture agreement with J-TEX Corporation calls for exclusive representation of new well contracts, while the Company can treat wells where J-TEX is not operational. The agreement also states that J-TEX plans to provide and treat 80 wells per month on an ongoing basis, after training and
the start-up phase, and annually 1500 wells, or more, in subsequent years. While the Agreement allows for the continuation of production override service contracts, based upon hydrocarbon increases, a fee for service option is provided for well operators, which also takes into consideration the government ownership of wells in South and Central America.
The Company has also entered into a joint venture Agreement with
Representaciones Barki Cia, of Quito, Ecuador. The joint venture
calls for minimum purchases of gas generators equal to $550,000 in the first year and $1,100,000 in the second year, with profit sharing above the minimum purchase costs. As of this annual report, scheduling of training for the Barki Cia's staff was scheduled for February 2002, however has been delayed due to government employment strikes. Those strikes have just be resolved, and the Company is expecting training and the technology introduction to PetroEcuador within the next 30 days.
With the training believed to be completed with J-TEX and Barki Cia's staff in the second quarter of 2002, revenues are expected throughout the remainder of fiscal of 2002.
The Russian Federation has had and will continue to have meeting on behalf of the Company's technology with other governments, within the Company's geographical territory of North, South and Central America. This will be a continuing source of relationships for South and Central American wells for the Company.
Multiple zones in wells and wells that have been shut-in are further sources of revenue, with new contracts that will be the source of revenue for the Company for wells with zones that have not been "brought in".
************** End of data from 10KSB filed on April 15,2002 *********************************************
What does the above mean in terms of earnings? Some assumptions might be possible.
1) Year one of the Ecuador joint venture calls for $550,000 as a
minimum for treating 20 wells. This is $27,500 per well.
2) Year two of the Ecuador joint venture calls for $1,100,000 as a minimum for treating 40 wells. Also, $27,500 per well.
3) After the above minimums, their is a 50:50 profit split which
includes these numbers. For example, if the profit for a well is
$100,000, Geotec would get the $27,500 up front, and another $22,500, totaling $50,000. If the profit is less than $55,000, Geotec still gets their minimum.
4) J-TEX plans to provide and treat 80 wells per month, after
training and start-up phase. $27,500 is minimum per well for the
Ecuador joint agreement. But to be more conservative, we might use $20,000 per well to Geotec for wells treated by J-TEX. That would be $1,600,000 per month. I do not know if $20,000 is a good number to use.
5) J-TEX, then annually 1,500 wells, or more, in subsequent years. If J-TEX treats 1,500 wells and Geotec makes $20,000 on each well, that would be $30 million.
As of March 28, 2002, there was 23,001,108 outstanding shares.
Do your own DD and then invest or not invest in GETC based on your DD.
I have a website which is not connected with or sponsored by the
company which has additional information. This is a collection of information for my use. If you wish to use it also, it is only one source of information which you should verify.
http://www.getcgreatday.homestead.com/index_getc.html
Frank
GETC's 10KSB forwarding looking statements give clues that Geotec may soon have revenue and earnings.
Geotec Thermal Generators, Inc.
OTCBB: GETC
W. Richard Lueck, CEO - Richard is very good about answering e-mail
questions, usually the same day.
(561) 447-7370
rlueck@m... <mailto:rlueck@m...
<http://www.geo-tec.net/
Geotec Thermal Generators, Inc. is an emerging oil and gas well
treatment company. They bring to North, South and Central America the
PGDBK technology which was developed by the former Soviet Union
Military Research and Production Facility, FR & PC Altai, for the
Ministry of Geology, USSR. Geotec has a 10-year exclusive, renewable
license, covering North, South and Central America.
May 8, 2001--Geotec Thermal Generators Inc. (OTCBB:GETC - news)
announced that it has concluded a Joint Venture Agreement with J-TEX
Corporation, a Nevada Corporation, based in Houston, Texas. J-TEX is
a privately held oil and gas services, oil tool/drilling company with
offices and operations worldwide in virtually all the oil producing
countries, including South and Central America.
As a disclosure, I have been accumulating shares in GETC and have a
fair position.
The share price has suffered because it is taking the company longer
than shareholders thought for J-TEX to get where they wish to be so
they can proceed with the final field training and then they can
treat wells which would provide revenue and earnings, with an above
average profit margin. I believe that GETC and J-TEX are making
progress and hopefully news about the training will be soon. A final
field training needs to take place before GETC and J-TEX can treat
wells and the training is being coordinated with J-TEX
Geotec filed their 10KSB on Monday, April 15,2002. Geotec did not
have any sales and did not treat any wells during 2001, so I was not
expecting a lot from 2001. My main interest was in "Item 1 -
Description of Business". What forward looking statements was
management going to be using to describe the future. Specifically,
the training, joint venture with J-TEX, treating of wells, revenue
and earnings going forward. I pulled some paragraphs from the 10K
that are important to me in trying to make some assessment of the
future potential. It looks to me like, if the company keeps things on
track, Geotec and J-TEX should be treating wells in the second half
of 2002. This should result in revenue and earnings which should be
reflected in a higher share price.
Do your own DD and then invest or not invest in GETC based on your DD.
********** The following from 10KSB ******************
The Company expects to complete training in the second quarter of
2002, concurrent with the training of its joint venture partner, J-
TEX Corporation, a Nevada Corporation.
The Company anticipates expanding its sales and technical staff upon
receipt of additional financing, and plans to continue contracting
through its joint venture with J-TEX Corporation in North South and
Central America. Of the 2.9 million wells in the US and Canada, 2.5
million wells are inactive or are very low producers. The Company
estimates that at least two-thirds of these wells are owned by small
or intermediate-sized companies, comprising 85% of the oil and gas
production in the US and Canada. The joint venture agreement with J-
TEX Corporation calls for exclusive representation of new well
contracts, while the Company can treat wells where J-TEX is not
operational. The agreement also states that J-TEX plans to provide
and treat 80 wells per month on an ongoing basis, after training and
the start-up phase, and annually 1500 wells, or more, in subsequent
years. While the Agreement allows for the continuation of production
override service contracts, based upon hydrocarbon increases, a fee
for service option is provided for well operators, which also takes
into consideration the government ownership of wells in South and
Central America.
The Company has also entered into a joint venture Agreement with
Representaciones Barki Cia, of Quito, Ecuador. The joint venture
calls for minimum purchases of gas generators equal to $550,000 in
the first year and $1,100,000 in the second year, with profit sharing
above the minimum purchase costs. As of this annual report,
scheduling of training for the Barki Cia's staff was scheduled for
February 2002, however has been delayed due to government employment
strikes. Those strikes have just be resolved, and the Company is
expecting training and the technology introduction to PetroEcuador
within the next 30 days.
With the training believed to be completed with J-TEX and Barki Cia's
staff in the second quarter of 2002, revenues are expected throughout
the remainder of fiscal of 2002.
The Russian Federation has had and will continue to have meeting on
behalf of the Company's technology with other governments, within the
Company's geographical territory of North, South and Central America.
This will be a continuing source of relationships for South and
Central American wells for the Company.
Multiple zones in wells and wells that have been shut-in are further
sources of revenue, with new contracts that will be the source of
revenue for the Company for wells with zones that have not
been "brought in".
*********** End of information from 10KSB ******************
What does the above mean in terms of earnings? Some assumptions can
be made.
1) Year one of the Ecuador joint venture calls for $550,000 and
treating of 20 wells
2) Year two of the Ecuador joint venture call for $1,100,000 and
treating of 40 wells
3) After the above minimums, there is a 50/50 override to which
Geotec is a joint venture
4) The above figures, comes to $27,500 per well to Geotec. Is $27,500
a good average to use and apply to wells treated by Geotec and J-TEX?
5) J-TEX plans to provide and treat 80 wells per month, after
training and start-up phase. Lets be more conservative and use
$20,000 to Geotec for wells treated by J-TEX. That would be
$1,600,000 per month. I do not know if $20,000 is a good number to
use.
6) J-TEX, then annually 1,500 wells, or more, in subsequent years. If
J-TEX treats 1,500 wells and Geotec makes $20,000 on each well, that
would be $30 million.
7) I did not see reference to the number of wells that Geotec would
be treating.
As of March 28, 2002, there was 23,001,108 outstanding shares.
Do your DD and only trade based on your DD.
I have a website which is not connected with or sponsored by the
company which has information:
http://www.getcgreatday.homestead.com/index_getc.html
Geotec Thermal Generators, Inc (OTCBB: GETC)
What do I think may make GETC have a nice up move? See part-2 below "Exhibit Short Term Minimal Risk".
As a disclosure, I have been accumulating shares in GETC and have a fair position.
The share price has suffered because it is taking the company longer than shareholders thought for J-TEX to get where they wish to be so they can proceed with the final field training and then they can treat wells which would provide revenue and earnings, with an above average profit margin. I believe that GETC and J-TEX are making progress and hopefully news about the training will be soon. A final field training needs to take place before GETC and J-TEX can treat wells and the training is being coordinated with J-TEX.
The following is a profile that I have put together to help with the start of your DD.
GETC shareholders are hoping for news, soon, that will give investors the visibility that GETC is moving to be operational, with revenue and earnings, thus sending the share price on an uptrend.
Are you, looking for stocks that are reporting major news (Shareholders believe that GETC will have a PR with major news sooner than later), stocks that have an innovative product or new technology (GETC is establishing the science of and bringing to market the PGDBK technology), undervalued stocks (at 32 cents I believe GETC is undervalued compared to the potential), turnaround plays (share price has been in a downtrend for over a year), and stocks with growing momentum (recently GETC has seen buying by new investors).
I am not connected with the company, I am a shareholder that sees great potential for GETC shareholders in the near term and long term. I have been accumulating shares for over a year. I post on RagingBull as greatday8. The following information will give you a starting point.
Geotec Thermal Generators, Inc.
OTCBB: GETC
W. Richard Lueck, CEO - Richard is very good about answering e-mail questions, usually the same day.
(561) 447-7370
rlueck@mindspring.com <mailto:rlueck@mindspring.com
<http://www.geo-tec.net/
Geotec Thermal Generators, Inc. is an emerging oil and gas well treatment company. They bring to North, South and Central America the PGDBK technology which was developed by the former Soviet Union Military Research and Production Facility, FR & PC Altai, for the Ministry of Geology, USSR. Geotec has a 10-year exclusive, renewable license, covering North, South and Central America.
May 8, 2001--Geotec Thermal Generators Inc. (OTCBB:GETC - news) announced that it has concluded a Joint Venture Agreement with J-TEX Corporation, a Nevada Corporation, based in Houston, Texas. J-TEX is a privately held oil and gas services, oil tool/drilling company with offices and operations worldwide in virtually all the oil producing countries, including South and Central America.
1) Show Potential for Short to Medium Term Appreciation and Long Term Growth:
Imagine a technology that took 14 years, several hundred scientists, and experimentation on 6500 oil and gas wells prior to commercialization, for scientific documentation.
Now think of China, Russia, India and the governments from 7 other countries that pay for and license this product and the resulting science to produce $10 Billion in annual oil and gas revenues.
Geotec Thermal Generators, Inc. is exclusive for the PGDBK technology for North, South and Central America that have approximately 5.4 Million oil and gas wells. The technology has been transferred from the Russian Federation, and only one field training need be completed. This final training will be coordinated with J-TEX, after which they will then be treating oil and gas wells and Geotec will have revenue and earnings.
The PGDBK technology offers:
a) 70% success rate in oil wells, 90+% success rate in gas wells.
b) Yield increases averaging 300-500% in non-stripper wells.
c) Yield increases averaging 300-2200+% in stripper wells.
d) Yield increases, in selective formations have averaged up to 45,000 barrels of oil per year.
e) Permeability increases, 360 degrees and 100 feet in diameter around the wellbore.
f) Over 40,000 wells have been treated in 12 countries including Russia, China and India producing a minimum annual revenue of $140,000 in increased oil for each well treated, including those wells that are not successful.
g) Geotec receives, on average, 38% of the increased oil production, after discounting the state production taxes and land lease override or a fee for service is available.
h) Geotec's technology comprises two sciences/technologies. One is the manufacturing of the 12 types of generators, which is patent pending in the US. The second is the use of the generators, where, when, how, how many, and in what type of formation.
i ) Treatments can be utilized in 80+% of wells; however higher yield wells comprise approximately 35% of all wells in Geotec's exclusive area of North, South and Central America.
j) Second and Tertiary recovery of gas and oil wells can be accomplished by many methods, however Geotec's method is the lowest cost, simple to use and works in wells to 24,000 feet.
k) Primary well treatment is also available.
Geotec Thermal Generators, Inc. only needs a few wells treated each month to be profitable.
The U.S. marketplace has about 2500 independent well operators.
Geotec is being recognized by organizations and publications in the industry:
a) Dec. 05,2000 Geotec did a presentation to present case studies of its technology at the Central Gulf States Regional Meeting of the Petroleum Technology Transfer Counsel. (Funded by the Department of Energy).The meeting was held at the Petroleum Club in Lafayette, Louisiana.
http://www.geo-tec.net/US%20Treated.htm <http://www.geo-tec.net/US Treated.htm
b) Geotec's technical paper has been accepted by the Society of Petroleum Engineers for presentation and publication at the SPE's meeting in Keystone, CO on May 22-24, 2001. The differences in the Company's technology to other methods was presented and discussed.
<http://www.spe.org/events/urls/rmptc/Rmptc01/pdfs/spe71075.pdf
c) Geotec's technical results are featured in Hart's E & P, June 2001 issue, a well known publication for Oil and Gas Producers.
<http://www.geo-tec.net/E&P_June2001b.htm
d) Geotec was highlighted in Energy Prospectus, a bi-weely publication in the oil and gas industry, easy to understand without all the technical information:
<http://www.getcgreatday.homestead.com/EnergyProspectusKevinHopson.html
Kevin, editor of Energy Prospectus writes and quotes, W. Richard Lueck, CEO of Geotec:
Given the high demand for these generators, Geotec anticipates a significant backlog once operations kick into high gear. "We will never be able to keep up with demand," said Chief Executive Officer W. Richard Lueck. "This (technology) is very simple and easy to use, but if we treat 1,500 (wells) per year, growing in the second year to 3,500, it would take 5-7 years just to treat what we see today, without including any new projects over the time period it takes to treat these wells."
e) Geotec was highlighted in Special Report: Gas Marketing in the October 2001 issue of The American Oil & Gas Reporter. Article title "Advances Key for Coalbed Methane" by Gopal Ramaswamy.
For the portion of the article specific to Geotec:
<http://ragingbull.lycos.com/mboard/boards.cgi?board=GETC&read=4211
For the complete article:
http://www.geo-tec.net/Oil&Gas%20Reporter_October2001.htm <http://www.geo-tec.net/Oil&Gas Reporter_October2001.htm
2) Exhibit Minimal Short Term Risk:
A lot of negatives have been priced into the stock and the share price has been trading near its low. Geotec has a plan, which they are implementing, and are disclosing this as required by SEC rules and requirements. Geotec will put out press releases when they have material or have information that must be uniformly disclosed to all parties.
Geotec filed their 10KSB on Monday, April 15,2002. Geotec did not have any sales and did not treat any wells during 2001, so I was not expecting a lot from 2001. My main interest was in "Item 1 - Description of Business". What forward looking statements was management going to be using to describe the future. Specifically, the training, joint venture with J-TEX, treating of wells, revenue and earnings going forward. I pulled some paragraphs from the 10K that are important to me in trying to make some assessment of the future potential. It looks to me like, if the company keeps things on track, Geotec and J-TEX should be treating wells in the second half of 2002. This should result in revenue and earnings which should be reflected in a higher share price.
Do your own DD and then invest or not invest in GETC based on your DD.
The Company expects to complete training in the second quarter of 2002, concurrent with the training of its joint venture partner, J-TEX Corporation, a Nevada Corporation.
The Company anticipates expanding its sales and technical staff upon receipt of additional financing, and plans to continue contracting through its joint venture with J-TEX Corporation in North South and Central America. Of the 2.9 million wells in the US and Canada, 2.5 million wells are inactive or are very low producers. The Company estimates that at least two-thirds of these wells are owned by small or intermediate-sized companies, comprising 85% of the oil and gas production in the US and Canada. The joint venture agreement with J-TEX Corporation calls for exclusive representation of new well contracts, while the Company can treat wells where J-TEX is not operational. The agreement also states that J-TEX plans to provide and treat 80 wells per month on an ongoing basis, after training and the start-up phase, and annually 1500 wells, or more, in subsequent years. While the Agreement allows for the continuation of production override service contracts, based upon hydrocarbon increases, a fee for service option is provided for well operators, which also takes into consideration the government ownership of wells in South and Central America.
The Company has also entered into a joint venture Agreement with Representaciones Barki Cia, of Quito, Ecuador. The joint venture calls for minimum purchases of gas generators equal to $550,000 in the first year and $1,100,000 in the second year, with profit sharing above the minimum purchase costs. As of this annual report, scheduling of training for the Barki Cia's staff was scheduled for February 2002, however has been delayed due to government employment strikes. Those strikes have just be resolved, and the Company is expecting training and the technology introduction to PetroEcuador within the next 30 days.
With the training believed to be completed with J-TEX and Barki Cia's staff in the second quarter of 2002, revenues are expected throughout the remainder of fiscal of 2002.
The Russian Federation has had and will continue to have meeting on behalf of the Company's technology with other governments, within the Company's geographical territory of North, South and Central America. This will be a continuing source of relationships for South and Central American wells for the Company.
Multiple zones in wells and wells that have been shut-in are further sources of revenue, with new contracts that will be the source of revenue for the Company for wells with zones that have not been "brought in".
What does the above mean in terms of earnings? Some assumptions can be made.
1) Year one of the Ecuador joint venture calls for $550,000 and treating of 20 wells
2) Year two of the Ecuador joint venture call for $1,100,000 and treating of 40 wells
3) After the above minimums, there is a 50/50 override to which Geotec is a joint venture
4) The above figures, comes to $27,500 per well to Geotec. Is $27,500 a good average to use and apply to wells treated by Geotec and J-TEX?
5) J-TEX plans to provide and treat 80 wells per month, after training and start-up phase. Lets be more conservative and use $20,000 to Geotec for wells treated by J-TEX. That would be $1,600,000 per month. I do not know if $20,000 is a good number to use.
6) J-TEX, then annually 1,500 wells, or more, in subsequent years. If J-TEX treats 1,500 wells and Geotec makes $20,000 on each well, that would be $30 million.
7) I did not see reference to the number of wells that Geotec would be treating.
As of March 28, 2002, there was 23,001,108 outstanding shares.
3) Be Category Competitive:
The PGDBK technology is superior to conventional stimulation and is an effective, inexpensive and safe technology used to restore and increase the output capacities of oil and gas wells. A state of the art stimulation technology that enhances the productivity of wells with a combination of mechanical, thermal, and chemical actions.
The gas generator acts on reservoir rocks by creating multiple fractures that enhance the flow of oil and gas from the reservoir into the wellbore. These fractures are far reaching, long lasting and significantly reduce skin effect of wells. This action also dramatically increases the permeability of the wellbore region. There are 12 generators for different situations, pressures, rock formations, oil saturation, water saturation, and 20 other parameters.
Some advantages are: Uncomplicated technology; high portability; short rig-up time and running operations; compatible with other methods of stimulation; may be applied over a wide range of geological conditions; primary well treatment ensures higher productivity and longer production time before any work-over; ideal for wells in which packers cannot be used; thin beds or beds with close oil and gas contracts; and reservoirs that are incompatible with external fluids.
This quote is taken from Energy Prospectus written by Kevin Hopson:
"One nice attribute of the PGDBK technology is that it uses mathematical formulas and computer programs. This enables the petroleum engineer to know exactly which system should be used for each well, field and formation, and any depth and pressure. As a result, it allows the company to calculate probability curves of success and yield prior to treatment, unlike other technologies, which have tried to derive such numbers but have been unsuccessful."
4) Have Solid Fundamentals:
With a 70% success rate for oil wells, and over 90% success rate with gas wells, can another other secondary/teriary oil and gas procedure equal this? The answer is a resounding "NO!". Increases of 250% to over 2200%+, and 6000 barrels of oil, for stripper wells, can this be equaled? Another "NO!"
Joint Venture Agreement with J-TEX Corporation. This is larger than most people realize. J-TEX has what Geotec is not.
Keep in mind, this is a start up company and they are building the foundation from which to build a strong company.
5) Have Excellent Management:
With a start up company such as Geotec, one of the most important assets is the management team.
Resume information on the management team are in the 10K SEC filings. They are also posted on the RagingBull message board.
<http://ragingbull.lycos.com/mboard/boards.cgi?board=GETC&read=1195
a) Does the management team have a member with extensive experience and knowledge in working with FR & PC Altai and also in negotiating with the Russian government? -- YES
b) Does the management team understand and have a working knowledge of the technology? -- YES
c) Does the management team have the skills required to manage the PGDBK technology? -- YES
d) Has a member of the management team been involved with several start up companies it the past and been successful? -- YES
e) Will the management team be successful in bringing this technology to market and create a growth company that will grow for the next several years? -- I BELIEVE THEY WILL
6) Have Solid Financial Resources:
For the six months ended June 30, 2001, the Company borrowed a total of $250,200 from an Investment Trust located in Bermuda. The notes bear interest at 12.5% per annum and are payable one year from date of issuance.
Geotec Thermal Generators, Inc. moves to foreclose on Wyoming wells treated with the company's technology and receives investment for the Wyoming operations. Seven oil wells are involved in this foreclosure and since Geotec operates with a low overhead, these wells, once brought on line within a few months, have the posibility of covering monthly costs and leave a little net profit.
7) New Products, Technology, Developments, Mergers, Or Acquisitions:
Geotec's primary technology is the PGDBK Technology which is superior to the competition and the company can grow quickly through joint ventures, strategic partners and alliances.
The PGDBK technology is a Russian technology. Geotec is exclusive for this product and technology for North, South and Central America that have approximately 5.4 Million oil and gas wells.
8) Newsworthy with Significant News Breaks:
May 1, 2001 Geotec Thermal Generators, Inc. announces update on Emerald Production and Restoration 120 Wyoming wells.
May 3, 2001 Geotec Thermal Generators, Inc. announces Technical Paper Accepted For Presentation and Publication At The Society of Petroleum Engineering Meeting in Keystone, CO, May 22-24, 2001.
May 8, 2001 Geotec Thermal Generators, Inc. Announces that it has concluded a Joint Venture Agreement with J-TEX Corporation, a Nevada Corporation, based in Houston, Texas.
June 20, 2001--Geotec Thermal Generators Inc. announced that its technical results are featured in Hart's E & P, June 2001 issue, a well known publication for Oil and Gas Producers.
September 5, 2001 -- Geotec Thermal Generators, Inc. Moves to Foreclose on Wyoming Wells Treated with the Company's Technology and Receives Investment for the Wyoming Operations.
Oct. 25, 2001--Geotec Thermal Generators Inc. (OTCBB:GETC - news) announced that the Company has expanded its technology product offering. Geotec can now offer fracturing and formation cleaning together or independently, depending on the well operator's budgetary restrictions.
Nov. 1, 2001--Geotec Thermal Generators Inc. (OTCBB:GETC - news) announced the publication of its technology described in The American Oil & Gas Reporter, October, 2001 issue entitled, ``Technologies Key to Future Coalbed Methane Development,' by Gopal Ramaswamy.
Nov. 1, 2001--Geotec Thermal Generators Inc. (OTCBB:GETC - news) announced the publication of its technology described in The American Oil & Gas Reporter, October, 2001 issue entitled, ``Technologies Key to Future Coalbed Methane Development,' by Gopal Ramaswamy.
Dec. 11, 2001--Geotec Thermal Generators, Inc. (OTCBB:GETC - news), has signed a distribution agreement for Ecuador with first year's minimum revenues of $550,000 and second year's minimum revenues of $1,100,000. The Agreement with Represenataciones Barki Cia, Ltda. of Quito, Ecuador also provides for a profit sharing above the minimum revenues.
December 17, 2001, Geotec Thermal Generators (OTCBB:GETC - news) with an open letter to its shareholders: -- Strategy Update from the CEO
Announcements that may be forth coming might be:
a) Return of the Russian team for the final training with GETC/J-TEX.
b) The treating of wells and being a fully operational company.
9) Exhibit Favorable SEC Required Reports:
Geotec is current with all SEC filings.
You can request Geotec to add you to an e-mail list and you will be notified when there is a press release and etc....
10) A shareholder visits with CEO to get verification of the information that has been released to investors:
He posts on Raging Bull as "StocksRfun2" and he posted a summary of his visit.
<http://ragingbull.lycos.com/mboard/boards.cgi?board=GETC&read=3225
The following is taken from that message:
I witnessed the contracts and documents that made up these previous announcements....Names, dates, signatures. They exist....they are real !
For example:
a) "Contracts" for the long-term purchase of Generators,
b) "Patent Rights" for the Generators,
c) the documents for the "Transfer of Technology" that has already taken place,
d) the "Joint Venture Agreement" that comprises the relationship with J-Tex,
e) the "J-Tex Business Plan" which includes approximately 9 separate joint venture agreements, of which Geotec is the major joint venture.
f) Then there are nearly 100 companies that comprise the whole operational makeup of J-Tex.
g) The "J-Tex Business Plan" describes the number of treatments they expect to accomplish each month including the division of revenues to be split between GETC and h) J-Tex (which puts GETC in a "most favorable" position),
i) and resumes of some of the J-Tex staff.
j) The "Operational Manual" (engineering handbook) includes calculations for computing which type of Generator (12 different ones available) is to be used in what kind of wellbore including how many for each particular depth and formation.
11) Miscellaneous notes:
a) Shares outstanding is about 23 million
b) The float is about 2.9 million shares. Geotec IPO'd with two million in the float and some shareholders have did R-144 filings for about 950,000 shares
c) In the Fall of 2000, about 800,000 shares went into cert form. This was in response to the huge short position
d) It is estimated that maybe shares shorted is possibly 1.5 -2.5 million
e) It is estimated that the MM's have a huge naked short position
f) The CEO's open letter to shareholders is encouraging in that 2002 may be a great year, as he says, a bright future in 2002
Do your DD and only trade based on your DD.
I have a website which is not connected with or sponsored by the company which has information: http://www.getcgreatday.homestead.com/index_getc.html
Reid, Will you give your take on the candles and T/A.
A short assessment is fine.
Using Lit Wick glossary, the most likely candle patterns I could determine might be, Harami Bullish or Piercing Line Bullish.
Looks like the T/A indicators are beginning to turn positive.
http://www.askresearch.com/cgi-bin/chart?symbol=GETC&exchange=USA&size=800x600&months=6+...
http://www.askresearch.com/cgi-bin/intraday?index=%24COMP&intraday=symbol&symbol=GETC&ex...
You know that I am long. I added a few more Friday at 1.00
TIA
Frank
Reid, you can say "I told you so"!
GETC is being hit hard today with trades and volume. The sell signals were real. Currently 1.31 x 1.39
http://www.askresearch.com/cgi-bin/chart?symbol=GETC&exchange=USA&size=800x600&months=6+...
But looking at GENI, were these sell signals real? I was thinking with more PRs coming, GETC may have done something like this. Sell signals and then a break to the upside.
http://www.askresearch.com/cgi-bin/chart?symbol=geni&exchange=USA&size=800x600&months=6+...
Is there a way to know in advance of the breaks that GETC was going to break to the downside and GENI was going to break to the upside?
Thanks,
Frank
GETC's CEO interview with WallStreetReporter.com
http://wallstreetreporter.com/
Learn more about J-TEX
greatday8
Reid, is this a case where you ignore T/A?
http://www.askresearch.com/cgi-bin/chart?symbol=GETC&exchange=USA&size=800x600&months=6+...
Looking at T/A, it looks like a person would want to sell.
But, GETC issued a PR mid Tuesday afternoon and it is being sent out by newsletters to there subscribers. I recieved one. I do not know how many more are sending it out.
Is this a time when a investor/trader ignores T/A, the small price swings and holds for what a person considers closer to fair value and then trade with T/A?
Thanks for your thoughts.
Frank
GETC, 2 PRs in same week, expecting a series of PRs.
After 6 1/2 months of a quit period, GETC has come out with two PRs in the same week and I believe we will see a series of PRs over the next weeks and months. The PRs have not said anything about what I was expecting to hear.
I assume they are bring out the small artillery first and then the heavy artillery will follow.
I believe GETC has a master plan and the shareholders will see it evolve.
Hold onto your britches.
GETC entering a new era!
Asking for an indication of first profits:
1) Don't expect a specific date from the company.
2) GETC released the information on Emerald. What is 1 Million barrels of oil, over five years. It is about $25 Million over five years, with $5 Million a year. Expenses may be in the area of $1 Million a year, more or less, and that ain't bad. The PR said 1-2 million barrels over 5 years. I am using 1 million is this example.
3) Look, in the press release of Thursday, GETC showed some of the results that are being presented later this month. Specifically that this method has increased yields. The reasons are the technology.
4) Listen to the audio interview done by oilandgasprofiles. I have the highlights posted here and on my web page. The CEO stated that they can be profitable treating a few wells per month because they operate with a low overhead. That statement I believe was referencing treating wells under the "Fee for Service". He continued to say they should be treating 10-20 wells per month after the "final field training" and 80+ when fully operational.
5) We know GETC cannot treat wells till the "final field training" is complete. I grant you the date for the "final field training" is still unknown but the 10K says they expect in the 2nd quarter.
6) The Emerald deal was press released, so I believe that GETC is confident in the results from the hearing. You cannot PR information that you are not confident in achieving. Something the SEC will frown upon.
7) GETC being the largest post creditor may be a "stroke of genius" on their part. Post creditors are first in line. If there is another post creditor, for them to want the wells, they would have to be able to make them profitable. GETC may be the only creditor that will want the wells. We know the wells need to be treated and that is expensive. And GETC has the technology to make the wells very profitable and productive.
Is there anything here that gives you a clue that profits are close?
I have a web page, not sponsored by or connected with the company, with information and links to information about GETC.
http://www.getcgreatday.homestead.com/index_getc.html -- Home Page
http://www.getcgreatday.homestead.com/DoesGETChaveWhatItTakes.html -- 10 point analysis why I believe GETC to be Undervalued.
Thanks for your interest in GETC.
Frank
GETC, 2 PRs in same week, expecting a series of PRs.
After 6 1/2 months of a quit period, GETC has come out with two PRs in the same week and I believe we will see a series of PRs over the next weeks and months. The PRs have not said anything about what I was expecting to hear.
I assume they are bring out the small artillery first and then the heavy artillery will follow.
I believe GETC has a master plan and the shareholders will see it evolve.
Hold onto your britches.
GETC entering a new era!
Asking for an indication of first profits:
1) Don't expect a specific date from the company.
2) GETC released the information on Emerald. What is 1 Million barrels of oil, over five years. It is about $25 Million over five years, with $5 Million a year. Expenses may be in the area of $1 Million a year, more or less, and that ain't bad. The PR said 1-2 million barrels over 5 years. I am using 1 million is this example.
3) Look, in the press release of Thursday, GETC showed some of the results that are being presented later this month. Specifically that this method has increased yields. The reasons are the technology.
4) Listen to the audio interview done by oilandgasprofiles. I have the highlights posted here and on my web page. The CEO stated that they can be profitable treating a few wells per month because they operate with a low overhead. That statement I believe was referencing treating wells under the "Fee for Service". He continued to say they should be treating 10-20 wells per month after the "final field training" and 80+ when fully operational.
5) We know GETC cannot treat wells till the "final field training" is complete. I grant you the date for the "final field training" is still unknown but the 10K says they expect in the 2nd quarter.
6) The Emerald deal was press released, so I believe that GETC is confident in the results from the hearing. You cannot PR information that you are not confident in achieving. Something the SEC will frown upon.
7) GETC being the largest post creditor may be a "stroke of genius" on their part. Post creditors are first in line. If there is another post creditor, for them to want the wells, they would have to be able to make them profitable. GETC may be the only creditor that will want the wells. We know the wells need to be treated and that is expensive. And GETC has the technology to make the wells very profitable and productive.
Is there anything here that gives you a clue that profits are close?M/b>
I have a web page, not sponsored by or connected with the company, with information and links to information about GETC.
http://www.getcgreatday.homestead.com/index_getc.html -- Home Page
http://www.getcgreatday.homestead.com/DoesGETChaveWhatItTakes.html -- 10 point analysis why I believe GETC to be Undervalued.
Thanks for your interest in GETC.
Frank
Reid, thanks for staying.
Would have missed you and your insight into T/A.
May soon need your expertise with GETC.
Frank
2 PRs in the same week. Expecting a series of PRs.
After 6 1/2 months of a quit period, GETC has come out with two PRs in the same week and I believe we will see a series of PRs over the next weeks and months. The PRs have not said anything about what I was expecting to hear.
I assume they are bring out the small artillery first and then the heavy artillery will follow.
I believe GETC has a master plan and the shareholders will see it evolve.
Hold onto your britches.
GETC entering a new era!
Asking for an indication of first profits:
1) Don't expect a specific date from the company.
2) GETC released the information on Emerald. What is 1 Million barrels of oil, over five years. It is about $25 Million over five years, with $5 Million a year. Expenses may be in the area of $1 Million a year, more or less, and that ain't bad. The PR said 1-2 million barrels over 5 years. I am using 1 million is this example.
3) Look, in the press release of Thursday, GETC showed some of the results that are being presented later this month. Specifically that this method has increased yields. The reasons are the technology.
4) Listen to the audio interview done by oilandgasprofiles. I have the highlights posted here and on my web page. The CEO stated that they can be profitable treating a few wells per month because they operate with a low overhead. That statement I believe was referencing treating wells under the "Fee for Service". He continued to say they should be treating 10-20 wells per month after the "final field training" and 80+ when fully operational.
5) We know GETC cannot treat wells till the "final field training" is complete. I grant you the date for the "final field training" is still unknown but the 10K says they expect in the 2nd quarter.
6) The Emerald deal was press released, so I believe that GETC is confident in the results from the hearing. You cannot PR information that you are not confident in achieving. Something the SEC will frown upon.
7) GETC being the largest post creditor may be a "stroke of genius" on their part. Post creditors are first in line. If there is another post creditor, for them to want the wells, they would have to be able to make them profitable. GETC may be the only creditor that will want the wells. We know the wells need to be treated and that is expensive. And GETC has the technology to make the wells very profitable and productive.
Is there anything here that gives you a clue that profits are close?
I have a web page, not sponsored by or connected with the company, with information and links to information about GETC.
http://www.getcgreatday.homestead.com/index_getc.html -- Home Page
http://www.getcgreatday.homestead.com/DoesGETChaveWhatItTakes.html -- 10 point analysis why I believe GETC to be Undervalued.
Thanks for your interest in GETC.
Frank
Vendit, thanks for the candle explanation.
I remember you said a while back, to check the candle patterns.
I was curious if I had picked the reasonable pattern.
Right now I am trying to learn and not trade.
After GETC reaches some higher prices I will be heeding your warnings and doing some trading.
frank
Vendit, Candle pattern for GETC?
Would the pattern of the past several days through Thursday qualify as "Upside Gap Two Crows Bearish"
http://www.askresearch.com/cgi-bin/chart?symbol=GETC&exchange=USA&size=800x600&months=6+...
Thanks
Frank
Vendit, what you said make sense for an average trader.
I am not to that point with GETC yet.
If GETC was at much higher level, I would trade out some shares.
Negative cash flow, the CEO has said they can be profitable treating a few wells per month because the operate with a low overhead. After the final training is complete, they should be treating 10-20 wells per month and 80+ when fully operational.
I cannot get away from FA at this level.
In the meantime, try to learn TA.
I appreciate you input.
Frank
Bernard, thanks for visiting,
Using TA, GETC does appear to be overbought.
Shareholders are expecting a series of PRs and with where the company is at, I do not believe TA fully applies at this time. When we reach higher prices and a few more PRs, then a person may consider TA for trading.
I would not sell GETC now with the hope of buying in .25 to .50 cheaper. With the potential that I see in GETC, I believe the trading risk it to great, you may being buying back at higher prices.
greatday8
Vendit, Thanks for your read,
Using TA, my one concern is if the gap back to 1.50 will be fill.
I believe there is resistance in the 2 area and GETC does seem to be having a tough time moving through this area.
I am expecting a series of PRs, and if there is more in the near term, I want to be fully invested. Now I am looking fundamentally.
When GETC gets to higher prices and a few more PRs released, I want to use TA to trade a portion of my position.
While this unfolds, I want to learn how GETC is reacting to the TA.
But, you know, when you think you have it figured out, the rules change.
Thanks,
Frank
Vendit, what is your read on GETC?
You have said several times that news can blow technicals out of the water. Maybe not quit those words.
GETC has issued two PRs this week and we should see a series of PRs.
http://www.askresearch.com/cgi-bin/chart?symbol=GETC&exchange=USA&size=800x600&months=6+...
TIA, greatday8
GETC issued another PR this morning.
GETC entering a new era!
With the dawning of GETC entering a new era we need the PRs laid out so the information is easy to follow in an orderly way. This would be especially helpful to new investors and even old shareholders, like myself, who may wish to review the happenings of GETC.
I have added a web page for press releases.
The PR disclaimer will be at the top of the page and only listed once.
Below the PR disclaimer will be the actual news released in the PR.
The new PR will be added at the top.
The investor can scroll up and down to read the news in an orderly fashion.
http://getcgreatday.homestead.com/GETC_PressReleases.html
greatday8
Bernard, all trades today have been on the ASK.
I agree there may be some selling on the news.
I believe it all depends on what the PR contains.
I believe there is fence setters and excellent news may create some buying. There may be some buying and then a pull back.
I am in GETC for the long term but I want to trade a portion with the intent to increase my total position.
I hope technical analysis can help me but I am so hung up on the fundamentals.
It may be exciting.
Thanks,
greatday8
Hi Bernard, the volume issue,
If you look at a chart for the past several months, it shows that this past three week rally has seen increased volume.
I also believe there may be investors sitting on the fence waiting for a PR(s) before buying.
You may find these numbers interesting.
Some interesting numbers from the Visitor counter on GETC's web site.
http://www.geo-tec.net/
March 11 the counter read: 7,253
April 11 the counter read: 7,688
That is 435 hits in one month.
April 29 the counter reads: 10,948
Between April 11 and April 29, there was 3,260 hits.
There must be some real interest coming from somewhere.
Is it investors?
Is it well operators/owners?
Is it ????????????????
March 4, I installed a good counter on my web page to capture how people were coming to my page, unique vs total count and etc...
http://www.getcgreatday.homestead.com/index_getc.html
Today, April 29 at noon, I have 274 unique visits with a total of 343.
The visitors are coming through my link which I leave in messages and etc...
Has this created an audience of investors that are sitting on the fence and may jump off the fence with a press release?
greatday8
Hi Bernard, GETC had weird movement by the MMs,
What about that trading of GETC this week, I believe it ended on an up note. Did you notice there was BUYING on Thursday and Friday? I believe it was a good week. Next week is another matter.
Wasn't Thursday weird? The MMs went .75 x 1.00. I thought a wide spread would not last long and I was hoping they would move the Ask down. At mid day and no movement, I put an order in to buy at .95, thinking if they see it, it might fill. Did not fill. Friday morning was also weird. The quote was .75 x 1.00. A couple trades at 1.00 and the Bid goes to .90. Now we are .90 x 1.00. About 10 minutes later the Bid is back to .75 and no trades on the Bid. Less than a half hour later, the Bid is back at .90. A few more trades on the Ask and the Bid is 1.01. Now we are 1.01 x 1.05. When I seen 1.01 on the Bid, I placed my order and bought on the ask of 1.05. I didn't care, just get my shares bought.
I am anticipating a PR any day, but I have been anticipating it for the past couple weeks. Each day is one day closer.
With what the MMs moving the BID around like they did Thursday and Friday, something must be cooking. The MMs seemed to be confused, maybe.
The technical indicators look positive. But news can blow technical indicators out of the water. With GETC, I am expecting positive news.
Good luck with your DD.
greatday8
A press release is anticipated very soon. Last PR was Oct.2000. GETC only needs a few oil and gas wells treated each month to be profitable. Final training should be completed this quarter. GETC plans to treat 10 to 20 wells per month, working towards 80+ per month when fully operational. Crew of two can treat 300 to 500 wells per year. U.S. marketplace has about 2500 independent well operators. GETC is exclusive for this product and technology for North, South and Central America that have about 5.4 Million oil and gas wells.
http://www.getcgreatday.homestead.com/index_getc.html
http://getcgreatday.homestead.com/DoesGETChaveWhatItTakes.html
http://ragingbull.lycos.com/mboard/boards.cgi?board=GETC
Hi Bernard, GETC technical indicators turned positive this past week.I follow your board but did not have a real reason to post because GETC is my main stock of interest.
There has been buying these past couple weeks. I believe investors are buying ahead of an expected press release.
http://www.askresearch.com/cgi-bin/chart?symbol=GETC&exchange=USA&size=800x600&months=6+...
I have created a web page, not sponsored by or connected with the company, with information and links to information about GETC.
http://www.getcgreatday.homestead.com/index_getc.html -- Home Page
http://www.getcgreatday.homestead.com/DoesGETChaveWhatItTakes.html -- 10 point analysis why I believe GETC to be Undervalued.
Geotec Thermal Generators, Inc. (OTCBB: GETC) is an emerging oil and gas well treatment company. They bring to North, South and Central America the PGDBK technology which was developed by the former Soviet Union Military Research and Production Facility, FR & PC Altai, for the Ministry of Geology, USSR. Geotec has a 10-year exclusive, renewable license, covering North, South and Central America which has about 5.4 million oil and gas wells.
Geotec Thermal Generators, Inc. only needs a few wells treated each month to be profitable. Final training should be completed this quarter. Geotec plans to be treating 10 to 20 wells per month and doing 80+ per month when fully operational. A crew of two can treat 300 to 500 wells per year.
The last press release was October 2000. I believe Geotec's management has chosen not to do any press releases until they have everything in place to move the company forwards in a big way. I believe we are close to the first of many press releases.
Do your DD before investing. -- Frank
greatday8
GETC, my pick as Undervalued and WhyI have created a web page, not sponsored by or connected with the company, with information and links to information about GETC.
http://www.getcgreatday.homestead.com/index_getc.html -- Home Page
http://www.getcgreatday.homestead.com/DoesGETChaveWhatItTakes.html -- 10 point analysis why I believe GETC to be Undervalued.
Geotec Thermal Generators, Inc. (OTCBB: GETC) is an emerging oil and gas well treatment company. They bring to North, South and Central America the PGDBK technology which was developed by the former Soviet Union Military Research and Production Facility, FR & PC Altai, for the Ministry of Geology, USSR. Geotec has a 10-year exclusive, renewable license, covering North, South and Central America which has about 5.4 million oil and gas wells.
Geotec Thermal Generators, Inc. only needs a few wells treated each month to be profitable. Final training should be completed this quarter. Geotec plans to be treating 10 to 20 wells per month and doing 80+ per month when fully operational. A crew of two can treat 300 to 500 wells per year.
The last press release was October 2000. I believe Geotec's management has chosen not to do any press releases until they have everything in place to move the company forwards in a big way. I believe we are close to the first of many press releases.
Do your DD before investing. -- Frank
greatday8
Reid, clear lessons learned. Easily said but for me to put into practice, much more difficult.
I printed it off and will it be by my PC as a constant reminder of what I am to learn and do.
Thanks.
Frank
Reid, your comments going with the charts are nice.
I have been following the posts daily, trying to learn.
I have been doing paper trading with: INKT, OPLK and SRTI. I was long and when the market turned down, I sold all and shorted INKT. Shorted at 7 and covered at 6.50, the first consolidation. Got nervous, thought it would rally back.
I used your settings you had on the $COMPX and applied to these three stocks, they look similiar. All have solid sells but I cannot get myself to follow the signals, even when it is not real money.
I am using a stock challenge web site, they give you $100,000 of fantasy money. This way I have to make the trades.
Frank
Vendit, thanks for a clear confirmation on the statement by horsegirl48.
I will repost the message, it is worth reviewing.
"when the williams has turned down, say goodbye. I'm not that good at placing stops so I look at the chart and find were support is and place a stop after it so if it breaks I'm gone. I really havent had to use the stops because I get out before it hits them, to nervous in this market not to.
You are on target my friend. You just outlined the definition of conservative technical trading."
greatday8
Seems as if the MMs moving shares around at the end of the month is hurting the share price. Trades are on the Bid.
The company is working to get things completed and situated so they are ready to complete the training, make announcements, treat wells, then show revenue and profits.
We are all waiting for the next PR, and until it arrives I doubt the share price can do much on the upside.
Going 3 1/2 months without a PR, the share price holding in the 3/4 to 1 1/8 area, IMO, has to be good. With the next PR, IMO, the price should move out of this trading range.
greatday8
Vendit, a couple basic questions, I will answer as best I can.
Volume, GETC did trade 1,500 shares on Monday. The first two hours this morning, GETC has traded 16,000 shares on 6 trades. The volume has been light the past five months when the share price got down to and below the $2 area. The last PR was in October and the shareholders have been in a PR vacuum which I believe is reflected in the volume and price.
Financing, The company is working on the financing and I believe they are close to doing a press release. I do not know the type of financing they are working on.
Cash on hand, I do not know. Info in the SEC filings is current at that time but does not help for current cash. I believe cash is sufficient, I have not heard otherwise. On Oct04 they announced receiving a private investment from a current shareholder in the amount of $250,000.
Monthly burn rate, I do not think money burn rate is an issue and again I do not know. They operate with a low overhead and is why they expect to be profitable by treating 2 to 4 wells per month. They expect to be treating 10 to 20 and working up to 80 to 100 wells per month.
Management is working to have everything in place, so when the training is complete, expected to be in March, the company will be able to move forwards at a running rate.
When looking at a company that is in a transition to being an operating company, you need to look at management and can they solve problems. Their resumes are in the SEC filings.
They started working on this project in 1966 and took until the Spring of 2000 to get through the bureaucratic process in Russian and to a lesser degree, the US. Then they had to set up for the transfer of technology, which occurred in late Spring/early Summer of 2000.
greatday8