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Nice job Thomas! Hope they respond soon.
This thing is a monster.....up 900% on 1500 volume.
lol.... Sure is making my account look nice. Too bad it won't last.
Thanks for that post 0210. Something every trader should be aware of!
That was in April 2015.........Hi my name is Kevin, I'm a BYSD bag holder!
I'm not as enthusiastic as Kali, but I still have hope. I bought 1 mil at .0005 (Brother)!
WOW!!! BYSD is on fire. Up 100%..........I'm going to will this stock to the guy up the street that keeps letting his dog poop in my front yard. HA HA I get the last laugh!
Mine is working ok. It was working yesterday when others were having problems.
8.01 Reduction of Common Shares of the Company
Effective December 16, 2015, the Company reduced the number of common shares of the Company outstanding by 703,200,002 common shares. These common shares are removed from the outstanding shares and the float, effective December 16, 2015.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11065999
Looks like bill is on a buying spree! Team TPAC!
I bought .04 worth of stock to slap the ask at the end, trade cost me $7.00 raised my account $400 at the close.
Is that what they consider common core math? I like it
That cost me $7.04 . But my account looks alot better
Doc Holliday: Why dingdong, whatever do you mean? Maybe penny stocks just not your game. I know! Let's have a spelling contest!
I wondered why the price started moving so i did some DD.
Russia invests in U.S. fracking
By James Stafford
February 26, 2015Are the Russians coming to Texas to ride the tailwinds of fracking? That depends on who you ask, as some believe Russian forces were behind the anti-fracking vote in Denton, while a $15 million investment in new Texas fracking technology by Roman Abramovich perhaps tells another story.
When the anti-fracking campaign started to heat up late last year in Denton, Texas—the heart of the shale revolution—conspiracy theories were spread from within the pro-fracking community that the Russians were behind the whole thing. The logic was that the American shale revolution threatened Russia's market share.
Yet just months after a successful vote to ban fracking in Denton, Russian billionaire Roman Abramovich has invested $15 million in Houston-based Propell Technologies Group, Inc. (OTC:PROP) and its new fracking technology from wholly owned subsidiary Novas Energy. Significantly, this new enhanced oil recovery (EOR) technology enables 'clean' hydraulic micro/nano fracturing of oil reservoirs—that is, without water, without polluting chemicals and without earthquakes.
According to Propell, the Plasma Pulse patented downhole tool creates a controlled plasma arc within a vertical well, generating a tremendous amount of heat for a fraction of a second. The subsequent high-speed hydraulic impulse wave emitted is strong enough to remove any clogged sedimentation from the perforation zone without damaging steel. The series of impulse waves/vibrations also penetrate deep into the reservoir causing nano fractures in the matrix which increase reservoir permeability for up to a year per treatment.
In the die-hard conspiracy theorist community—particularly in the latest 'Cold War' atmosphere the media has latched onto once again—there will be continued rumors of Russian scheming here. Some might say that the Russians laid the foundation for a 'no' vote on fracking and then swooped in to invest in 'clean' fracking technology.
It may or may not be a coincidence that Propell's Plasma Pulse Technology is licensed from Novas Energy, a venture capital-backed Russian energy technology company.
There is also another Russian element to this: PPT has been very successfully employed in Russian injector wells. This is perhaps the most significant aspect to consider. Russia does not have draconian fracking regulations pressuring companies to use environmentally friendly technology. Instead, they are using PPT to improve enhanced oil recovery (EOR) and reduce production costs.
Conspiracy or not, Abramovich does nothing small or half-heartedly.
Abramovich is a metals magnate who also happens to own the Chelsea football club. He is the 143rd wealthiest person in the world and is worth about $9 billion, according to Forbes. He is the main owner of UK-registered Millhouse LLC, a private investment company whose assets have included major stakes in stakes in Sibneft, which is now Gazprom Neft. In 2005, Millhouse sold a 72% stake in Sibneft to Gazprom for more than $13 billion.
Abramovich has now invested in Propell's PPT. The investor is Cyprus-registered Ervington Investments Limited, whose ultimate beneficial owner is Abramovich.
"This will not merely be a $15 million investment," said one source close to the deal. "You have to read between the lines here. Abramovich doesn't do anything small. He'll get the infrastructure in place and then look to acquire a significant position in the US oil sector at today's fire sale prices. We'll probably be looking at hundreds of millions in investment at the end of the day."
An anonymous source with knowledge of the deal said that an initial $5 million of the $15 million investment would be working capital, while $10 million would be for acquisition of oilfields. The overall idea is to apply EOR technology and double the output with Plasma Pulse technology.
For Abramovich, this deal is not merely a whim: The billionaire is a strategic investor who has quite profitably invested in a number of energy technology companies. Abramovich—again through Ervington--is the largest shareholder in AIM-listed AFC Energy, which is working to commercialize clean fuel cell technology. He has also invested in Oxford Catalysts, which is close to commercializing the GreenSky London Project to supply renewable jet fuel made from London's household waste. The system is to be used by British Airways to create fuel for its planes. London-based Weedingtech—which makes herbicide-free weed killer—and AIM-listed Clean Air Power are also among Abramovich's strategic energy investments.
The Propell investment may be the most strategic—on two fronts.
On the first front, we have increasing controversy surrounding fracking in the US.
While Denton, for instance, is just a small town and the ban on fracking is only within the city limits, this small-town vote has much larger implications. This was where the shale revolution kicked off, and banning fracking here could snowball and empower other anti-fracking movements and efforts.
The state of California is also gearing up for stringent new regulations that are set to take effect in July.
Plasma Pulse Technology foregoes toxic chemicals and harnesses plasma pulses that would once have been reminiscent of science fiction weaponry. It may indeed be a weapon of sorts—one that could bring the industry and environmentalists together finally.
PPT is deemed to be an environmentally friendly way to clear clogging sedimentation from well drainage areas to allow the oil and gas to flow. The technology uses vibrations, or electrically generated plasma impulses to reduce viscosity, increase permeability and improve the flow of oil and gas to the surface for extraction.
And this is where we find the 'second front': The technology is not only designed to be environmentally friendly; it is also designed to increase production and reduce production costs.
After all, Abramovich isn't looking to spend an initial $15 million on an investment that is strictly friendly to the environment—there has to be more, and it would appear that there is.
This is all about enhanced oil recovery (EOR), and plasma pulse technology is one way to improve EOR processes to get even more oil and gas out of the ground.
The average increase in production for the initial 27 US wells treated with plasma pulse technology is 295%. The company is also reportedly working versions of its plasma pulse tool for horizontal shale wells and much shallower water wells as well.
Abramovich will be getting in very early in this game, which would allow him—for instance--to comply with California's new anti-fracking bill and its tight restrictions on acid washing for injector wells. The regulations will have a profound effect on key producers in the area, such as Chevron Corp. (NYSE:CVX), ExxonMobil (NYSE:XOM) and Occidental Petroleum (NYSE:OXY), who will have to go through a long and costly permit process for each individual acid wash procedure. If they employ plasma pulse technology, however, they comply with the water-injector cleaning restrictions that kick inJuly 1. In California, major oil and gas companies are already paying $20,000 a pop for PPT pilot tests, according to our industry sources.
What Abramovich sees is brilliant math here. Plasma Pulse technology could easily turn into a $1 million/week business just in the state of California, and as anti-fracking gains momentum countrywide, these millions turn into billions. The Russian billionaire also sees a new technology that is not experimental, but already commercially viable.
When Abramovich makes a new investment, everyone pays attention. So many will be asking why a Russian is investing in this Houston-based technology. The answer is simple and all about the bottom line. This 'clean' fracking technology could storm the market. Abramovich thinks so, and he has been wildly successful.
It will be hard for the conspiracy theorists to digest, but for the investor looking for the next big thing, it goes down pretty smoothly, from Russia with ... a great deal of pragmatism.
About the Author
James Stafford is the London-based editor of Oilprice.com.
Propell Announces $5,000,000 Strategic Equity Investment by Ervington Investments
PROCEEDS TO SCALE OPERATIONS AND REINFORCE INTELLECTUAL PROPERTY
HOUSTON, TX -- (Marketwired) -- 02/19/15 -- Propell Technologies Group (OTCQB: PROP) (the "Company") the U.S. provider of a plasma pulse based well treatment has closed the first tranche of a private financing with Ervington Investments Limited, whose ultimate beneficial owner is businessman Roman Abramovich.
The Company raised $5,000,000 from the sale of 1,525,424 shares of its Series C Preferred Stock ("Series C Preferred") at a purchase price of $3.277777778 per share. Ervington Investments also has an option to invest an additional $9,750,000 in the Company in consideration of the issuance of an additional 2,974,576 shares of Series C Preferred. Ervington has appointed Ivan Persiyanov, an Investment Director at asset management company Millhouse LLC, as its representative to serve as a director of the Company, holding two votes of the four board votes.
Uses of proceeds include securing new tools to expand sales, R&D to further improve the plasma pulse well treatment process and strengthen the patent portfolio, repayment of all debt and accounts payable, as well as working capital.
John Huemoeller II, the Company's President and CEO, commented: "The investment by Ervington is a strong endorsement of Propell's innovative approach and strategy to treat oil wells by a strategic global investor with a track history of enormous success. Ervington has demonstrated its ability to grow value of its portfolio companies and we're extremely pleased to be partnering with a group with world class value in terms of capital and strategic resources. This strategic investment should expedite our rollout plan, provide us with high level access to energy users and potential partners globally and provide the necessary funding to accomplish our goals."
"I am pleased to join the board of Propell, a company with promising technology I believe can make an impact in the oil industry," stated Ivan Persiyanov.
ABOUT PROPELL TECHNOLOGIES GROUP
Propell Technologies Group, Inc. (http://www.propell.com/), through its wholly owned subsidiary Novas Energy USA, is the exclusive U.S licensee of the Plasma Pulse enhanced oil recovery (EOR) well treatment that improves well production cost effectively and without acidization, hydrofracking or other chemicals. It develops and commercializes treatment and stimulation of oil wells to meaningfully improve production and enhance the recovery of oil and gas in existing wells.
SAFE HARBOR
This press release includes forward-looking statements of our current expectations and projections about future events. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," and similar expressions. These statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict and include statements regarding future financings, accelerating our commercial rollout, our growth and the potential for our technology. The forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from those reflected in our forward-looking statements include, among others, Ervington's decision whether or not to exercise their option, our ability to secure replacement financing on attractive terms, fuel our growth and the other factors described in our on Form 10-K for the year ended December 31, 2013, and any other filings we may make with the SEC. The information in this press release is provided only as of the date written, and we undertake no obligation to update any forward-looking statements contained in this press release on account of new information, future events, or otherwise, except as required by law.
Patrick Gaynes
Propell Technologies Group
investors@propell.com
+1 (713) 766-5546
Hopefully this bear is coming out of hibernation:)
I'm still here. Not sure why, but still here. Maybe we'll hear some results from the last wells
treated. I did find this.....
John Huemoeller, the Chairman, Chief Executive Officer and President of Novas Energy, Inc. (“Novas”), a wholly owned subsidiary of Propell Technologies Group, Inc. (“Propell” or the “Company”), will be making several investor presentations during the next few weeks, including a presentation on February 3, 2014 at the Winter North American Prospect Expo (NAPE). In connection with the presentations, Mr. Huemoeller intends to discuss the slide presentation furnished as Exhibit 99.1 hereto, which is incorporated herein by reference.
http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?dcn=0001144204-14-005318
Chirp....Chirp....