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I know lots of people are crying right now but isn't that when you are suppose to be buying? I have a low order in for .60. I don't expect to get filled but maybe. I will see how my nerve holds up. :)
I was getting ready to congratulate you on buying more until you said you did not get filled. How can it go down to 65 and and not get filled? Was it an all or none order?
I am temted to buy more but I have to much in the game already.
You are right rdragon, when there is a deal made this stock price will be going up before the common stock buyer will have a chance to buy at a low price.
I wonder if STWS would be less expensive than what Carlsbad is looking at paying?
Thanks for the post and information.
Sounds good.
In the information you posted Conix it said that the DyVaR system does not have a problem with fouling.
I saw the Sunstone Water Group video that indicated fouling or clogging the filters was a problem with their system and apparently is a common problem with other systems as well.
It makes me wonder if the following statement is why there is a joint venture with STWS because DyVaR system in conjuction with other systems would eliminate the problem of fouling?
"STW Water recently executed a non-disclosure agreement (NDA) with a major reverse osmosis (RO) manufacturer that has been instrumental in designing and building reverse osmosis facilities around the world. The RO Company is interested in incorporating STW’s zero liquid discharge Salttech system inline with their systems."
http://finance.yahoo.com/news/stw-resources-releases-shareholder-water-183500643.html
Earth Day STWS presentation is this coming weekend in Dallas. May see some new buyers next week.
Good article, thanks. The article repeated itself for emphasis that “It has traditionally been only about maintenance and repair.” STWS is on the cutting edge and is ready for the new challenges with new technology.
I agree with you J on the share price of 3 dollars and I think that is being conservative. It was higher than that at the time of the announcement of the Fort Stockton deal (at that time it was before the reverse split but the equifilant was more than 3 dollars). STWS just needs 1 or 2 significant deals to get out of debt and attract capital investments. Share price could go higher than anyone would expect. They do have risk though.
Thanks for posting rdragon. That is a great presentation and it wouldn't suprise me if they were to use that at Earthday Texas 2015.
I remember one stock I followed that went on the road for promotion of their business and it was interesting to see the stock price go up after each city they went to.
Oxnous I don't know the details but you are right about STWS earning 18.6 million and the company was left with a debt of aprox 14 mil. Most of that income was oil field related services. Now we all know about the drop in oil prices and that is hurting smaller oil companies and even putting some out of business. STWS is not an oil company but provides oil field services and has stated that their work is still in demand for 2015 with new pipeline installations to connect the newer rigs and repairing/replacing old pipelines and other services they provide. They also have a new undisclosed contract with a large Oil Company for 2015.
STWS appears to be in a unique position at this time in American history with the droughts and having technology that for the first time is cost effective to drill for and treat previously unusable water and also toilet to tap water and both being environmentally friendly.
What we all want to see is some significant income from their water processing services and it is easy to be impatient. This really is pioneering in new areas for municipalities the way wind energy was how ever many years ago with water being more important especially if your town does not have much.
There is risk with debt and raising capital for this company but the upside is exciting with so many new opportunities.
I can't answer your question if they could double their income, they could but I don't know if anyone can tell you they will.
Good information rdragon, STWS/Midland Tx are right smack in the midlle of a drought.
I agree with you rdragon that stws is being seen more and more by stock investors.
From The Toilet to the Tap - The Future of Water is Here
LONDON, ENGLAND / ACCESSWIRE / April 16, 2015 / As America's oil-rich and breadbasket states dry up under the constant threat of drought and water supplies running dangerously low, a Texas company's toilet-to-tap technology gains ground with a new joint venture agreement that brings this highly advanced wastewater treatment to the municipal marketplace.
Difficult times call for what may seem like drastic solutions, but as the world struggles with a shortage of water that threatens industries, economies and increases the risk of yet more conflicts, toilet-to-tap solutions become not only acceptable, but essential. Now it's going commercial.
Last month, STW Water-a wholly owned subsidiary of STW Resources Holding Corp. (OTCQB:STWS)--signed an exclusive agreement with Sunstone Water Group to commercialize its patented advanced municipal wastewater treatment technology.
STW is a leader in water reclamation and desalination in the state of Texas, with proven, cost-efficient projects that will provide Texans, oilfield services and other industries with new sources of water never before tapped. Its partner in this new venture, Sunstone Water Group, is the developer of economically viable patented technology that is changing lives across Asia, Africa and the Middle East.
The two forces combined bring this new technology to the US--targeting the dry state of Texas first. The technology won't just change the availability of potable drinking water on a daily basis for struggling and freshwater-poor municipalities, but STW will also make drinking water available for use in disaster relief and recovery.
At a time when population growth, drought and climate change are putting immense pressure on our water supplies, Americans even in states not affected by drought are beginning to realize that water is not endless and is a precious commodity that we can no longer take for granted.
While Texas faces a "mega drought" that will make even its current ongoing drought pale by comparison, and California introduces harsh new water regulations that have some areas cutting water usage by 35%, advanced toilet-to-tap technology is not only becoming an acceptable idea, but is poised to become the rule rather than the exception.
The STW-Sunstone agreement unleashes new technology that can process municipal wastewater into potable drinking water in a system that can be easily put inline with existing municipal wastewater systems or transported in shipping containers for fast and efficient deployment.
The process involves removing undesirable chemicals, biological contaminants, suspended solids and gases and contaminated water and returning the water to a potable status-safe for human consumption.
For Sunstone, this deal takes its technology to yet another continent, and for STW Resources, the agreement adds to its already sizable arsenal of water technologies that are being implemented in ground breaking reclamation and desalination projects in dry Texas.
STW chose the Sunstone technology to add to its water portfolio because this solution is the most advanced form of toilet-to-tap out there. What makes it the most advanced system? The processed potable water goes directly from the toilet to the tap for immediate use. In other toilet-to-tap systems in use today, wastewater is cleaned up and then put into reservoirs for future use, adding another reprocessing step-a form of "natural filtration" and evaporation-which makes it less efficient.
Everything else on the US market falls short and has failed to gain acceptance for use commercially in municipalities. Even though this technology is being used in other countries, STW is planning to prove these advancements with Sunstone in pilot testing that will begin next month in a large Texan city subject to the rules and regulations of the Texas Commission on Environmental Quality (TCEQ).
"The Sunstone technology is capable of processing and cleaning this contaminated water to specs that are cleaner than the bottled water that is bought in stores every day," STW President Alan Murphy said in a statement.
"We are wasting our precious fresh water resources every minute of every day when we could be reusing it. We have the technology to clean and process nearly every type of contaminated water for reuse now. Everyone needs to realize that water is a commodity that has to be conserved in every way possible."
By James Burgess for Oilprice.com
http://finance.yahoo.com/news/toilet-tap-future-water-120000899.html
You guys are forgetting about the reverse split. Some charts adjust for the split and others don't.
STW Resources to Exhibit Water Remediation and Reclamation Services at Earth Day Texas 2015
Alan Murphy, President of STW Water, to Participate in Water Infrastructure Panel Discussion on April 25
Business Wire STW Resources Holding Corp.
MIDLAND, Texas--(BUSINESS WIRE)--
STW Resources Holding Corp. (STWS), an integrated provider of water management, including water reclamation and remediation, and oilfield services, announced today that the company will be exhibiting its portfolio of water reclamation and remediation services at Earth Day Texas 2015 from April 24-26 in Dallas, Texas in Booth #5720 within the Centennial Hall Location.
Alan Murphy, President of STW Water, will also be participating in the Green Panel Series on Water Infrastructure (http://earthdaytx.org/event/presented-janice-bezanson-texas-conservation-alliance-alan-murphy-stw-resources-and-brewster-m) in the Automobile Building at Stage West on Saturday, April 25 at 4:00 PM.
Earth Day Texas (EDTx) is an annual outdoor festival focused on building environmental awareness. The family-friendly and free-admission event allows leaders in the corporate, academic and non-profit worlds to unite and show Texans how green lifestyle choices can lower their cost of living, improve their health, and help save the environment.
EDTx will be held at Fair Park in the heart of Dallas, Texas. The event will utilize approximately 750,000 square feet of both indoor and outdoor event space that will easily accommodate the 1,000 exhibitors and 75,000 guests anticipated to attend this year’s event.
STW’s Water Process & Technologies division has a 30-year exclusive agreement development project with the City of Ft. Stockton, Texas which awards STW Water the rights to drill and produce from documented water reserves from the Capitan Reef Aquifer. The reservoir has the potential to supply numerous municipalities at a rate of up to 100+ million gallons per day without depleting or affecting the integrity of the reservoir. The project involves 11 planned production wells, which have the potential to generate a minimum of approximately 2.5 million gallons of water per day per well.
STW Resources has the exclusive rights for the United States, Canada, the Caribbean, Mexico and Central America to a proprietary technology, known as DyVaR Zero Liquid Discharge (ZLD) water processing, developed by Salttech Ltd. of the Netherlands. Conventional desalination technologies recover only about 35-45% of fresh water from a gallon of seawater. However, STW's Salttech technology recovers approximately 97% of the fresh water at an economical cost with no potential environmental disposal problems associated with the concentrated salty reject, without chemicals or filtration.
Interested investors and shareholders are invited to be added to the corporate e-mail database for corporate press releases and periodic industry updates by sending an e-mail to cleanwater@stwresources.com.
About Earth Day Texas
Each April, Earth Day Texas (EDTx), a nonprofit organization, hosts the world’s largest public exhibition devoted to environmental stewardship and elevating awareness on sustainable solutions. The show is a platform that brings businesses, environmental organizations, academic institutions and government agencies together to positively influence the way Texans think, live and work. By providing enlightening talks, unique showcases and interactive workshops, EDTx catalyzes meaningful conversations that will shape a sustainable future.
www.stwresources.com
@STWRESOURCES
If you are thinking about selling, don't!
The Game-Changing Water Revolution: Interview with Stanley Weiner
By James Stafford 15 hours ago
Globally, water demand is threatening to dangerously outpace supply, while in the US, dry states such as Texas and California are suffering from shortages and the future forebodes more suffering. For the North American shale boom, the lack of water is suffocating. Amid this doom and gloom, a water revolution emerges, led by energy industry figures who realized the endless potential of tapping into new water sources and processing them with advanced desalination technology that, for the first time ever, is economically feasible.
The water revolution is here, according to Stanley Weiner, CEO of STW Resources—a Texas-based company that has the exclusive North American license for Dutch-developed next generation Salttech desalination technology.
In an interview with James Stafford Oilprice.com, Weiner discusses:
• The new technology behind the water revolution
• How communities in Texas can be spared drought
• Advancements that finally make desalination commercially viable
• How it’s already working—and where
• How we can turn toilet water into tap water
• What it means for the oil and gas industry
• How vital water is to energy independence
• How much oil and gas companies can save with new desalination systems
• The next phase of the water revolution
• Why everyone can finally benefit from conservation
James Stafford: A global study warns that by 2030 demand for water will outstrip supply by 40%. What are we facing in the US alone?
Stanley Weiner: The situation can only be described as extremely urgent. We’re looking at continual drought and predictions of a new ‘mega drought’ for Texas. The current drought started in 2010, and it’s still in play. In the meantime, we’re seeing a lot of new people moving into Texas, as well as industry, and they all need water that they don’t have.
California is running out of water. A NASA scientist has recently warned that California has only about one year’s worth of water left in storage, while its groundwater is rapidly depleting. According to scientists, 40% of the state is undergoing an ‘exceptional drought’—the most severe it has seen in 1,200 years. Earlier this month, California Governor Jerry Brown issued the state’s first-ever mandatory water restrictions. It sounds apocalyptic because it is, even if we don’t feel it immediately.
And a dry California is a disaster for the entire US. California is our breadbasket—where more than one-third of our vegetables come from and some two-thirds of our fruits. What it means immediately is higher food prices across the US. It’s not enough anymore to think that if you don’t live in a dry state you won’t be affected. The water crisis affects us all in many ways.
Parts of Oklahoma are hard hit by drought. Drought conditions have intensified in Nevada and Utah, and Arizona is facing a similar problem to California—it’s growing thirstier by the day.
Water is behind every single sector of our economy and our way of life. It’s more valuable than oil because at the end of the day, there is no oil without water. It’s important that everyone understands that finding a solution for our growing water crisis is hands-down the most important endeavor of our time—from both a human and an industrial standpoint.
James Stafford: Ok, so where do we stand today in terms of new technology that can address urgent water supply issues on a global level?
Stanley Weiner: Until recently, new technology that could realistically address urgent issues of water supply around the world had been relegated to the realm of science fiction. Even though the technology has existed and was continually advanced, it was unfeasible on a commercial scale—until now.
So what we’re seeing today is a breakthrough that is far more significant than the technological advancements in horizontal drilling and hydraulic fracturing that ushered in the shale revolution. Today, we can provide a solution to droughts; we can provide dry communities with more drinking water than they ever could have imagined—and we can prop up the shale boom by providing drillers with more sources of water, ultimately leading to America’s energy independence. We can also economically recycle the water they use in the process.
James Stafford: What you’re describing is no less than a water revolution, then?
Stanley Weiner: Absolutely. This is a revolution, and it’s only just emerging, so we can expect a lot of technological advancements along the way to make desalination even more efficient and cost-effective. But there is no turning back now.
On the desalination front, Netherlands-based Salttech has developed breakthrough technology called Salttech DyVaR, for which STW has the exclusive license in North America. Salttech is a think tank with brilliant engineers and scientists who are always asking how they can make it better. After such a long time trying to bring feasible desalination technology to the world, this is finally the game changer.
Everything is connected to everything else—that’s the first message to be heard loud and clear from this emerging ‘water revolution’. Tighter environmental regulations have expanded the market for companies that encompass not only the use of ‘green’ technology, but also of ‘blue’, or clean water technology. But there’s a third color here that is just as important, and we’ll call it black, which means it has to make sense economically. Until now, desalination technology has been too expensive, with projects operating in the red, rendering them economically unfeasible on a commercial scale. ‘Blue’ technologies have also until now not been ‘green’ enough to make sense for the environment.
James Stafford: Ok, so first take us through what this next-generation desalination technology is capable of …
Stanley Weiner: First off, this is largely mobile technology, so it’s easy to set up in all kinds of venues and to move around, which also contributes to cost-effectiveness, but it can also be a fixed facility situation. What it does is this: It takes dirty water and turns it into potable water using vaporization. It can clean up the oil industry’s frack flowback water and the dirty water produced by oilfields, and it can also desalinate ocean water.
James Stafford: And how does it work, exactly? There has been a lot of talk lately about thermal distillation using Dynamic Vapor Recompression (DVR), but for the layman, what does this mean?
Stanley Weiner: OK, yes, DVR is a key aspect of the Salttech desalination system. DVR is a new type of mechanical vapor recompression—which is the process of evaporating water at moderate temperatures through the use of a vacuum and then condensing it in a higher-pressure chamber. The heat of condensation is transmitted to the influent stream through a heat exchanger. All of this requires very little energy compared to conventional process that rely on “flash distillation” and large amounts of energy. Where the term “dynamic” comes into play in the DVR is in relation to the use of a cyclone during the evaporation process. This cyclone separates the crystallized salts from the brine by centrifugal force.
James Stafford: On a ‘green’ level, how is this new generation technology different? What makes it actually ‘green’?
Stanley Weiner: The key aspect of this technology is what we call zero liquid discharge (ZLD). All these ‘permanent’ desalination plants that are being put up around the world—including nine just in Texas and one in Carlsbad, California—are harming the fragile ecosystem of our oceans and waterways. They can’t process more than 35-50% of the water in the desalination process, and what they don’t process into potable water is rejected back into the ocean in the form of harmful liquid discharges. Studies have found that if they are processing 50 million gallons a day, they are putting 25 million gallons of harmful liquids back into the ocean. The studies are frightening, and they will impinge on the ability of these plants to get permits to keep feeding reject liquids back into the waterways. In Israel, for instance, there are contracts to build these permanent desalination plants, but now it looks like the permits aren’t going to come through.
James Stafford: So how does the Salttech system avoid rejecting harmful liquids back into the waterways?
Stanley Weiner: First, this new technology processes around 97% of the water, so there’s much less rejected. Second, the 3% or so that it can’t process, it turns into a solid, so there is zero liquid discharge. And there are no chemicals used in the process whatsoever. Let me put it this way: the ‘permanent’ desalination plants are discharging 50-65% of what’s rejected in the process in the form of a waste stream of highly concentrated brine liquid—directly into the oceans. The new mobile technology, developed by the Dutch, discharges its 3% reject in the form of solid salts and minerals, so there is no harmful discharge into waterways and no disposal problem. Importantly, this means there is no need for deep well waste water injections, evaporation ponds and other recognized methods for disposing of concentrated brine waste from desalination activities.
James Stafford: How do the costs compare with conventional desalination technologies?
Stanley Weiner: Typically, the price of desalinated oilfield water projects has hovered around $4-$8 per barrel, but Salttech makes it possible at around $1.50-$2.00 per barrel. To process brackish or seawater, the cost is about $1,100-$1,350 per acre-foot of water. These prices make fresh water economically available for everyone who needs it.
James Stafford: How important is water to the overall energy equation?
Stanley Weiner: It’s absolutely a vital part of the energy equation. Water is what enables the US to drill more oil and gas wells and to wean itself off of foreign oil and reduce vulnerability to geopolitical whims.
James Stafford: Is there a point at which the energy industry—one of the bigger consumers of water itself—can actually contribute to the solution rather than the problem?
Stanley Weiner: Oilfield water use represents much less than people think: It’s only about 3% of total fresh water consumed. For 2005, most of the fresh-surface-water withdrawals—about 41%--were used in the thermo-electric power industry to cool electricity-generating equipment. Water used in this manner is most often returned to the water body from which it came. That is why the more significant use of surface water is for irrigation—in the agricultural sector—which uses about 31% of all fresh surface water. Ignoring thermoelectric-power withdrawals, irrigation accounted for about 63% of the US’ surface-water withdrawals. Public supply and the industrial sector were the next largest users of surface water. However, the energy industry can still contribute to the solution in a significant way through water reclamation. Just like we drill for new oil and gas, we can drill for new sources of water deep underground and tap into water resources that were never before accessible for potable water.
James Stafford: Where can we find new sources of water and how do we tap into them?
Stanley Weiner: The new sources of water aren’t really new at all—they’ve always been there; we just didn’t have the economically viable technology to tap into them on a commercial scale. These sources include the ocean, brackish water from reservoirs deep underground and municipal wastewater, which will be tapped into using our toilet-to-tap technology.
James Stafford: What will the next advancement in desalination technology be that will render it even more economically rewarding?
Stanley Weiner: Now that it’s already commercially viable, the next step will be to lower the energy costs even further with wholesale solar, wind and geothermal power. In fact, the first desalination plant already in operation in Mentone, Texas, is entirely run on solar power and is providing the city of Mentone with as much drinking water as it could ever want.
James Stafford: This technology was first deployed in Mentone, Texas?
Stanley Weiner: Yes. This is where it really all started in July last year—in this small town in the Permian Basin. This was a highly successful pilot project that is now providing residents with all the drinking water they need. And, as I mentioned before, the entire operation is run on solar power. It was this system that convinced me of the viability of licensing it and commercializing it to make water available to everyone in need of it.
But Mentone was just the genesis of this water revolution. The desalination project in Fort Stockton—also in Texas—is much larger. Right now, in Fort Stockton’s Capitan Reef Aquifer we are drilling our first production well, and will be drilling several additional wells here and in other brackish aquifers. We’re drilling to new water sources about 2,000-4,500 feet under the surface, to tap into as much as 14 million acre-feet of new water—or about 5.6 trillion gallons. In the second quarter of this year we will start selling that water. The beneficiaries will be several west Texan municipalities suffering from drought.
James Stafford: What about the oil and gas industry? Are they jumping on this water revolution bandwagon yet?
Stanley Weiner: Our pilot project in the Permian Basin has definitely attracted the attention of oil and gas companies who are hurting for water supplies and struggling with low oil prices and thus have problems justifying costs. You have to understand that Texas is both a highly competitive playing field for oil companies—with the sleeping giant that is the Permian Basin and the prolific Eagle Ford shale—but it is also water starved. So the competition for water resources is just as competitive as the competition for oil and gas licenses. There is also a great deal of competition among industries who are heavy users of water. With the advent of hydraulic fracturing—which uses exponentially more water—this competition has grown even fiercer. Demand for water is soaring, and now we can meet that demand. Over half of the 40,000 wells Americans have drilled since 2011 have been in areas of drought, and in total these wells have used 97 billion gallons of water.
Over the next six to nine months, we will be launching another major desalination project for an NYSE-listed oil and gas company—so the word is out.
James Stafford: Specifically, how much money could oil companies potentially save in Texas’ Permian Basin or Eagle Ford using this technology?
Stanley Weiner: The numbers are actually fantastic: They could save approximately $150,000+ per well using this desalination technology.
James Stafford: What is the future of water reclamation and desalination? Where do you see the technology going over the next 5-10 years? Where is there room for improvement?
Stanley Weiner: Advancements will continue but improvements will always be about the bottom line, making it cheaper and more economical to use. It can only get cheaper and more efficient at this point. Listen, we used to think fresh water was endless, and we squandered it. Not any longer. Now we need to squeeze every drop out of brackish reservoirs and oceans desalination operations. There is no turning back the tide now. It’s already the new ideal: The technology uses no chemicals or filtration and requires very little power, and at the end of the process you have clear, fresh water. The revolution has begun.
James Stafford: So at the end of the day, from an investor’s perspective, the water revolution could outshine the financial glitz of the shale revolution?
Stanley Weiner: You know, when we initially set up shop with STW, we were simply planning on targeting frack water in the oil business. We didn’t see further than that. It didn’t occur to us that there were endless possibilities for actually accessing and processing water that no one would have thought could be for human consumption. Once we realized the potential here—the potential that goes so far beyond the oil and gas industry—our goals became clearer. We can provide water not only to the oil and gas industry and to every other industry, but to municipalities in dry states; to communities. There is a great deal of money to be made in what amounts to conservation at the end of the day, and for once it can be made without harming the environment. That is exactly what is revolutionary about it. Everyone benefits.
James Stafford: What’s the bigger picture here?
Stanley Weiner: This is all about conservation, and the first chance we have seen where it is possible to actually make money on conservation. If a project can be energy efficient—such as the pilot Salttech project in Mentone, Texas, which is run entirely on solar power—and can process vastly more than it rejects, then we are talking about conservation. We are wasting our precious fresh water resources every minute of every day when we could be reusing it. Everyone needs to realize that water is our most precious commodity and it needs to be conserved in every way possible.
Interview by James Stafford of Oilprice.com
http://finance.yahoo.com/news/game-changing-water-revolution-interview-222433749.html
Ok. Thank you for the article and reply.
rdragon, can you post a link to Water Management Solutions
& Oilfield Services article? When was the date? I tried to find it but no luck. Thanks.
but I do not know if the person who said that committed suicide or retired early.
Haha, good one!
STW Resources Holding Corp. Releases Annual Report, Posts $18.6 Million in Annual Revenues
MIDLAND, Texas--(BUSINESS WIRE)--
STW Resources Holding Corp. (OTC QB: STWS), an integrated provider of water management, including water reclamation, remediation, desalination, and oilfield services, announced today that its financial results for 2014 have been filed on its Form 10-K Annual Report with the Securities and Exchange Commission (SEC). A detailed Form 10-K is available on the company web site.
STWS revenues increased to $18,608,028 during 2014 from $1,945,631 in 2013. Revenues from the Company’s water technology services business segment were $380,657 while revenues from the oilfield services business segment were $18,227,371. Fourth quarter revenues were $4,597,520, or 25% of total annual revenues. As described in detail in the full regulatory filing, the improved results were primarily attributable to (1) expanding the oilfield services business and (2) growing the water technology services business segment. This growth is attributable to improved demand for the Company’s services due to improving market conditions in the oil & gas exploration industry. The rapid growth during 2014 with a focus on market share and expansion of services offerings has resulted in increased operating expenses that contributed to the reported net loss of $14,898,378. However, the net loss includes $5,847,310 of non-cash charges relating to the change in the Company’s derivative liability, stock-based compensation, depreciation, and other non-cash expenses. As such, the Company’s net loss on a non-GAAP basis, exclusive of these non-cash charges, was $9,058,068.
STW has been working to improve its balance sheet and capitalization table through a number of corporate initiatives. The assets increased significantly year to date--once again exceeding last year’s growth. Convertible debt has been reduced by $2.2 million of which $1.9 million was reduced through equity conversion. Since January 1, 2015, the Company has raised $1.1 million in debt from accredited investors. During 2014, 1.8 million warrants expired and throughout the balance of this year many additional warrants will expire resulting in the reduction of dilution in total common share.
Outlook for 2015
As STW Resources enter the second quarter of 2015, the Company has implemented significant cost reduction measures to improve its efficiency and profit margins. The Company is very excited about new business growth opportunities in its STW Water Process & Technologies division, including the Capitan Reef Water Aquifer development project with the City of Ft. Stockton, Texas. The Company is also pleased to have been awarded a $2.9 million contract to build, operate and maintain a comprehensive system of water reclamation facilities for a NYSE-listed oil & gas company with multiple locations throughout the Permian Basin. Additionally, STW has entered into significant joint ventures with strategic partners that will drive revenue and profitability growth in the water technologies business segment. STW’s oilfield business continues to grow with the recent award of multiple contracts for new pipeline construction. STW’s Energy business unit has entered the oil & gas midstream sector by offering hydro excavation for trench digging and existing pipeline location services to maintain and build new pipelines.
Stanley Weiner, STW Resources’ CEO, stated, “We are pleased to have filed our 2014 annual report with the SEC. We grew from a few employees in 2012 to over 100 employees today. We have three (3) operating subsidiaries and our leadership team continues to grow our sales backlog and explore new market opportunities. We look forward to dramatically expanding our revenues in the water remediation sector in 2015. We anticipate booking significant revenues in our water business in the second half of 2015.”
http://finance.yahoo.com/news/stw-resources-holding-corp-releases-003300197.html
Since STWS announced a joint venture with Sunstone Water group for "Toilet to Tap" services on March 12, you might think they have plans for those services. I would be looking for some news on a new revenue project with STWS and Sunstone.
Never mind. I thought you were talking about new news. Thanks.
This information was provided by BurrTim in post#771
This article shares your same concerns about finances sharpei.
STWS’s most recent SEC filings reflect the management’s attempts to raise fresh capital. It all started in early-December when the company’s BoD opted for a quadruple increase of the enterprise’s authorized shares to a total of 200+ million citing capital shortage as the main motive. CEO Stanley Weiner and Co. wasted no time in raising $750 thousand through the sale of convertible promissory notes due to mature in late-July. What existing shareholders need to know is that a default in repayment will result in substantial increase in both the principal and the interest on the notes, which will ultimately lead to a higher number of common shares the note can be converted into at a price of $0.65 per share.
Judging from STWS’s most recent quarterly reports, the business is nowhere near the profit line. Indeed, the company’s revenue streams for the last four quarters averaging $3.75 million per quarter have slightly exceeded the corresponding cost of revenue. However, STWS’s administrative expenses over the same four-quarter period soared by a whopping 160% from $1.5 million in Q4 2014 to $3.85 million in Q3 2014. Needless to say, scoring a positive net result at this expense rate seems quite a challenging task. A working capital deficit in excess of $16 million for the third quarter of 2014 alone makes the situation even more difficult.
While STWS seems poised for potential business growth, the company’s managers will have to go out of their way to lift the heavy debt burden from its shoulders. The new fracking regulations just announced by President Obama’s administration will introduce safety standards with regard to used water storage, thus creating a niche companies such as STWS could take advantage of. Whether STW Resources Holding Corp will utilize this opportunity or not will become clear in due course.
Don't watch the video it is not about stws. I just read the commentary.
Resources Holding Corp (OTCMKTS:STWS) With a Smooth Chart Ride This Week
http://www.hotstocked.com/article/89605/stw-resources-holding-corp-otcmkts-stws-with-a.html
Where did you hear about the new capital? Do you have a link you can post?
I finally got off work to look at your chart. That pattern does look like a scallop. Good call, I am not as familiar with that pattern. It states pullback of 56-58% which we have already past but it also says the pattern is good until it breaks the low of the curve. I know we are all hoping it goes up from here. Thanks for posting sharpei.
Just now saw your chart sharpei. Great work!
Is that a cup and handle I see on the daily? (No msg)
Sit back and enjoy this video, must see!
Way to point out the volume. That is plenty enough volume to start a trend.
Bringing out those important points and putting information together make more of an impression than reading them in the mist of articles.
Thanks rdragon
This is a great find and a very encouraging article.
I know you posted earlier about California's drought. Last year STWS had a conference call and California was brought up. STWS stated they have been in contact with people in California and were continuing to pursue talks. That was all that was said at that time.
There has been more talk of involvement with Corpus Christi on the Gulf of Texas and the significant need for desalination of saltwater. STWS claims their treatment process is superior to other companies because they would not put the amount waste product back into the gulf that other treatment processes would.
This was a 6 to 1 reverse stock split with the apparent purpose to attract more investors and to help meet qualifications for getting on the New York stock exchange.
Sounds good. I have been waiting for some news on their first production well being completed and how many gals of water it will produce. Maybe we will hear something soon.
Just for your information the Fort Stockton City minutes were just released today and the meeting was on Feb 23. So they may already have the drilling obstacle at 900 feet being resolved.
• Status of Capitan Reef Project
Due to some blockage encountered in the well, the maximum depth
reached thus far was 900' . Professionals were attempting to determine how
to overcome this obstacle. A permit was already acquired for the next well.
http://cityoffortstockton.com/wp-content/uploads/2015/03/022315-MINUTES.pdf
I was expecting some news on STWS production well at Fort Stockton but apparently they have run into some problems at 900 feet. I talked with a water well driller several days ago and he made it sound like overcoming drilling obstacles is not a deal breaker but does require work. Any experts here on water well drilling who would like to chime in?
The good news is they already have a permit for the next well.
There is already a monitor well in place that goes down to 3500 feet that is producing 300 to 432,000 gals a day. They are hoping for quite a bit more water with this new production well.
The property currently has a monitor well that was drilled in 2013 to a depth of 3,500 feet. It contains approximately 500 feet of Capitan Reef Formation and is currently producing approximately 300 gallons per minute or 432,000 gallons of water per day. Pursuant to information derived from other wells in the area that have been drilled through the Capitan Reef, there should be an additional 500-800+ feet of Capitan Reef Formation. The current development well being drilled by STW, utilizing the monitor well water, will be drilled to the bottom of the Capitan Reef Formation to determine the extent of the reservoir. It is currently drilling at 1,200 feet. If the additional footage of reservoir is proven, this development well should produce two to four+ times the volume of water that the monitor well is producing or approximately 1-1.6+ million gallons of water per day. STW is also increasing the diameter of the hole drilled into the formation which should increase the flow rates of the water.
http://finance.yahoo.com/news/stw-accelerates-water-well-drilling-131500938.html
Not new news but it kinda of helps to know what is going on in the background.
http://www.fortstocktonpioneer.com/community/article_01f9919e-b7a5-11e4-9d42-f38e194f4fbe.html
http://www.fortstocktonpioneer.com/community/article_b6ef2fc8-ad69-11e4-bddf-374e498963dc.html
Just from past frequency of news from STWS there may be news any day now. They have gone for long stretches without news but it seems they have been trying to release news more often over the past few months.
http://www.fortstocktonpioneer.com/news/article_32aae08e-9065-11e4-8873-2b8d5f142a30.html
Sorry for so many posts in a row.
I could not cut and paste but if you go down to title "Private company partners with city to export water" you will see that there may be 4 or 5 production wells built.
I mention this because it will be interesting to see how many gals this first production well will produce.
http://www.emnrd.state.nm.us/ECMD/RenewableEnergy/documents/Creel-CapitanAquiferofWestTexasGeothermalEngine.pdf
I did not read most of this pdf but if you will go down to page 22 "Concentrated flow along the trend of the reef, generally towards the
north and northeast" and look at the map, tell me what town you see named there in the middle of the black flow area with arrows?
I could not cut and paste the map. Sorry.