I firmly believe that next week

is "make or break time" for ECCI. Whatever happens should be VERY significant, one way or the other.

'Nuf said....

Wave

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29814126

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29814889

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29701660

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Waves of Crude Oil & Natural Gas:

This stock is trading well,

and I can see ways it could break out to $2.00+ pps.

I'm holding long.

Wave

There are 5 pilot projects

with Devon. And they have about 25% of the Barnett Shale wells.

ESPH is behind the power curve,

it does not even have any units built for the pilot project.

Here is the 05/15/08 SEC 10Q filed by ESPH:

Does this sound below like a company that is ready to go and any real competition for ECCI which has two completed units ready for action in the USA if a hurricane strike per the old ECCI PR*? It does not look like ESPH is ready. And it is not any better than the distillation process being used by DEVON over the last year or two. ECCI is the answer for both high volume production of recycled water and much lower cost per gallon than distilling.
* http://biz.yahoo.com/iw/070911/0300595.html?printer=1

"...Subsequent to March 31, 2008, the Company executed a letter of intent for a 90 day Pilot Program with an oil and gas drilling company in the Barnett Shale area of Texas. Under the letter of intent, the Company is to provide a water filtration unit, which includes the Ecosphere Ozonix™ process to recycle frac flowback water at a water recycling center in Texas operated by the oil and gas drilling company. The Pilot Program is to start on July 1, 2008. During the 90 day test period, the Company will be paid a prescribed fee for each barrel of frac flowback water processed.

The Company is focusing on raising the necessary capital to produce the unit for the Pilot Program. Currently, the Company has two financing solutions available. The first solution is with Bledsoe Capital Group as described in the paragraphs below...."


http://biz.yahoo.com/e/080515/esph.ob10-q.html

http://biz.yahoo.com/e/080515/esph.ob10-q.html

Wave


Waves of Crude Oil & Natural Gas:

Why ECCI bought the patent in 2003:

http://www.wwdmag.com/Electrocoagulation-Technology-Keeps-Site-In-Operation-Meets-Regulatory-Requirements-article1562

"...Ecoloquip had processed and discharged over 300,000 gallons of wastewater at a cost to the client of $0.05 per gallon plus electricity. Alternatives for wastewater disposal were priced from $0.08 to $0.18 per gallon...." It has only improved in production volume an d price efficiency since then. Just ask DVN.





Waves of Crude Oil & Natural Gas:

Here's how ECCI got that patent:

http://sec.edgar-online.com/2003/07/29/0001010549-03-000399/Section13.asp

This is a good stock to own,

it is "climbing the stairway to heaven".



Waves of Crude Oil & Natural Gas:

Do they have to pre-announce a share buy-back?

Do they have to pre-announce share dilution?

http://en.wikipedia.org/wiki/Regulation_FD

http://www.angelscorner.com/articles/rule_504_505_506.htm


Waves of Crude Oil & Natural Gas:

queen- Your thoughts are mine too,

I'm just waiting for some follow up by the company. I have not spoken with Mr. Lloyd Lane since 2007. So you know about as much as I do.

My speculation is today's filing is belated documentation of the shift of legal corporate management from Carroll (Ichargeit) to Lane back on November1, 2007 as well as disclosure of owners of more than 5% of the new company shares. I recall some old filing that mentioned future contingencies needed before the transfer of ownership of assets and management of the corporation. But all those old filings only brought the company financial data current as of 06/30/07. I have been waiting for the 2007 3rd and 4th quarter filings as well as the 1st quarter financial filings for 2008. Oh, then after that there is the matter of the OTCBB application as promised.

I am willing to wait only so long for those filings before I get upset- as I mentioned a week or two ago. It has taken long enough already, but you may have not noticed the wait since you are not a shareholder. I still view the delay as the time it takes to build an O&G company. That takes longer than most "get rich quick" shareholders can endure, especially with the critics beating their drums day and night. It is like those hot humid summer nights here in Houston. You can only take so much.

Hopefully, FSNR will flip on the air conditioning soon! And the awesome critical drumming will stop.

Richie- DEVON admits it only has

25% of the wells on the Barnett. As to the rest, it sounds reasonable, except I think the ECCI technology is already proven by the "testing" mentioned in the 05/05/08 PR. The Stationary Unit would be the identical technology set up only bigger and not on wheels. I would not build a new unit that is stationary without a long term written deal- even it is only called a "Pilot Project" contract for a "period certain". It would have to be longer than 90 days to justify the construction expense. Of course, that is just my business sense.

Good luck to all.







Waves of Crude Oil & Natural Gas:

mustang- There is this from 05/07/08 PR:

"...Work and negotiations continue with companies on the Barnett Shale, outside of Fort Worth, Texas. According to Mr. Adams, ``Our results have been positive in a relatively short period of time. In little more than two months we are testing the E-C WaterPure System(tm) with key industry and community stakeholders..." (Emphasis added) They must be "testing" the ECCI technology with a "Mobile Unit. And the later PR implies the testing was a success.

The most recent press release implied ECCI had gone beyond testing work and was proceeding with construction on the Barnett Shale of a stationary unit. Do you do that without a contract?

05/15/08 PR:

"...The Stationary E-C WaterPure(tm) System Program calls for our partners -- customers to build the required housing and infrastructure to support a much larger unit. The equipment will be leased and serviced by ECCI and the plan requires multi-year leases,' said John Adams, COO."


No, I think the market is underestimating the reality of what is happening. And ECCI is not pumping its stock with the news cycle.













Waves of Crude Oil & Natural Gas:

Exhibit to filing:

http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?dcn=0001121781-08-000283

STOCK FOR ASSETS AGREEMENT

This Agreement (the “ Agreement ”) is made and entered into effective as of November 1, 2007 by and among Freestone Resources, Inc., a Nevada corporation (the “ Corporation ” or “ Purchaser ”) and 426 Trust, a Trust of which Nora Pickens is the Trustee, (the “ Seller ”).

RECITALS

A.
WHEREAS, Corporation has at least 30,000,000 shares of common stock (the “ Stock ”) in its treasury and desires to issue it to Seller for certain assets and assumption of certain liabilities; and

B.
WHEREAS, Seller desires to sell to the Corporation, and the Corporation desires to purchase from Seller, certain assets and liabilities as listed in Section 1.1, subject to the terms and conditions set forth herein;

AGREEMENT


For and in consideration of the premises and of the mutual representations, warranties, covenants and agreements contained herein, and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and upon the terms and subject to the conditions hereinafter set forth, the parties do hereby agree as follows:

ARTICLE I
PURCHASE AND SALE

1.1 Purchase of the Stock . Upon execution of this Agreement, the Corporation shall purchase from Seller, and Seller shall sell to the Corporation, the following assets and assume the following liabilities on the terms and conditions set forth herein. Upon execution of this Agreement, the Corporation shall pay Seller 30,000,000 shares of common stock of the Corporation (the “ Purchase Price ”).

Assets Purchased:

Petrozene contract

Intangible – value not determined

Petrozene trademark

Intangible – value not determined

Mineral lease A

8,000.00

Mineral lease B

51,962.86

Building

62,500.00

Computers

2,992.03

Pipeline

20,952.07

Well (capitalized costs)

184,581.99


Liabilities assumed:

Dell (computer)

2,300.02

Due to B Bonner

25,000.00

Due to Lloyd Lane

70,592.80

Due to officer

8,000.00

Due to Lynnie Lane

50,000.00

Due to T Bonner

20,000.00

Due to FNB (Building)

54,177.78

1.2 Assignment . Upon execution of this Agreement, the Seller shall execute and deliver to the Purchaser any and all Assignments necessary for complete transfer of the assets listed above effective as of the date of this Agreement.


ARTICLE II

REPRESENTATIONS AND WARRANTIES OF SELLER


Seller represents and warrants to the Purchaser the following:

2.1 Authorization. This Agreement has been duly executed and delivered by Seller and constitutes the valid and binding obligation of the Seller, enforceable in accordance with its terms, except that (a) such enforcement may be subject to bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally, (b) the remedy of specific performance and injunctive relief are subject to certain equitable defenses and to the discretion of the court before which any proceedings may be brought and (c) rights to indemnification hereunder may be limited under applicable securities laws (the “ Equitable Exceptions ”).



2.2 No Violations . The execution and delivery of this Agreement and the other agreements and documents contemplated hereby by Seller and the consummation by Seller of the transactions contemplated hereby will not (a) violate any statute, rule, regulation, order or decree of any public body or authority by which the Seller or its properties or assets are bound, or (b) result in a violation or breach of, or constitute a default under or result in the creation of any encumbrance upon, or create any rights of termination, cancellation or acceleration in any person or entity with respect to any agreement, contract, indenture, mortgage or instrument to which the Seller is a party or any of its properties or assets is bound.



2.3 Consents . Except for consents, if any, required by the Shareholders’ Agreement of the Corporation (the “ Shareholders’ Agreement ”), no consent, approval or other authorization of any governmental authority or under any contract or other agreement or commitment to which the Seller is a party is required as a result of or in connection with the execution or delivery of this Agreement and the other agreements and documents to be executed by the Seller or the consummation by the Seller of the transactions contemplated hereby.



2.4 Interest of Seller . Seller (a) owns of record and beneficially good and marketable title to all of the Stock, free and clear of any and all liens, mortgages, security interests, encumbrances, pledges, charges, adverse claims, options, rights or restrictions of any character whatsoever other than standard state and federal securities law private offering legends and restrictions (collectively, “ Liens ”) other than the transfer restrictions in the articles of incorporation or the Shareholders’ Agreement of the Purchaser (collectively, the “ Purchaser’s Constituent Documents ”), (b) has the right to vote the Stock on any matters as to which the Stock entitles the Purchaser to vote under the Purchaser’s Constituent Documents, free of any right of any other person or entity, and (c) the Stock represents all of Seller’s interest in the Corporation.


ARTICLE III

REPRESENTATIONS AND WARRANTIES OF THE PURCHASER


The Purchaser and the Shareholders jointly and severally represent and warrant to Seller the following:



3.1 Organization and Authorization . The Purchaser is, as applicable, a corporation duly formed and validly existing under the laws of the state of its organization with all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now being conducted. The Purchaser has all requisite corporate power to execute and deliver this Agreement and all other agreements and documents contemplated hereby. The execution and delivery of this Agreement and such other agreements and documents by the Purchaser and the consummation by the Purchaser of the transactions contemplated hereby have been duly authorized by the Purchaser and all other corporate action, as applicable, on the part of the Purchaser that is necessary to authorize the transactions contemplated hereby. This Agreement has been duly executed and delivered by the Purchaser and constitutes the valid and binding obligation of the Purchaser, enforceable in accordance with its terms, subject to the Equitable Exceptions.


2

3.2 No Violations . The execution and delivery of this Agreement and the other agreements and documents contemplated hereby by the Purchaser and the consummation by the Purchaser of the transactions contemplated hereby will not (a) violate any provision of the Purchaser’s Constituent Documents, (b) violate any statute, rule, regulation, order or decree of any public body or authority by which the Purchaser or its properties or assets are bound, or (c) result in a violation or breach of, or constitute a default under or result in the creation of any encumbrance upon, or create any rights of termination, cancellation or acceleration in any person with respect to any agreement, contract, indenture, mortgage or instrument to which the Purchaser is a party or any of its properties or assets is bound.



3.3 Consents. Except for consents, if any, required by the Shareholders’ Agreement, no consent, approval or other authorization of any governmental authority or under any contract or other agreement or commitment to which the Corporation is a party is required as a result of or in connection with the execution or delivery of this Agreement and the other agreements and documents to be executed by the Corporation or the consummation by the Corporation of the transactions contemplated hereby.



ARTICLE IV

INDEMNIFICATION



4.1 Purchasers’ Losses .


(a) Seller agrees to indemnify, defend (as described below) and hold harmless the Purchaser and its officers, managers, members, partners (other than for Seller), employees, representatives, agents and attorneys from, against and in respect of any and all Purchaser Losses (as defined below) suffered, sustained, incurred or required to be paid by any of them by reason of (i) any representation or warranty made by Seller in or pursuant to this Agreement (including, without limitation, the representations and warranties contained in any certificate delivered pursuant hereto) being untrue or incorrect in any material respect or (ii) any failure by Seller to observe or perform its covenants and agreements set forth in this Agreement or in any other agreement or document executed by it in connection with the transactions contemplated hereby.


(b) “ Purchaser Losses ” shall mean all damages (including, without limitation, amounts paid in settlement with Seller’s consent, which consent may not be unreasonably withheld), losses, obligations, liabilities, claims, deficiencies, costs and expenses (including, without limitation, reasonable attorneys’ fees), penalties, fines, interest and monetary sanctions, including, without limitation, reasonable attorneys’ fees and costs incurred to comply with injunctions and other court and agency orders, and other costs and expenses incident to any suit, action, investigation, claim or proceeding or to establish or enforce the rights of the Purchaser or such other persons to indemnification hereunder.


4.2 Seller Losses .

(a)

The Purchaser agrees to indemnify, defend (as described below) and hold harmless Seller and its officers, managers, members, employees, representatives, agents and attorneys from, against and in respect of any and all Seller Losses (as defined below) suffered, sustained, incurred or required to be paid by any of them by reason of (i) any representation or warranty made by the Purchaser in or pursuant to this Agreement (including, without limitation, the representations and warranties contained in any certificate delivered pursuant hereto) being untrue or incorrect in any material respect; or (ii) any failure by the Purchaser to observe or perform its covenants and agreements set forth in this Agreement or any other agreement or document executed by it in connection with the transactions contemplated hereby.

(b)

“ Seller Losses ” shall mean all damages (including, without limitation, amounts paid in settlement with the consent of the Purchaser, which consent may not be reasonably withheld),

3
losses, obligations, liabilities, claims, deficiencies, costs and expenses (including, without limitation, reasonable attorneys’ fees), penalties, fines, interest and monetary sanctions, including, without limitation, reasonable attorneys’ fees and costs incurred to comply with injunctions and other court and agency orders, and other costs and expenses incident to any suit, action, investigation, claim or proceeding or to establish or enforce the rights of Seller or such other persons to indemnification hereunder.

9.3

Third Party Claims . If any person or entity that is not a party to this Agreement shall assert a claim (each, a “ Third Party Claim ”) against or with respect to a party entitled to indemnification pursuant to this Agreement (the “ Indemnified Party ”), then such Indemnified Party shall notify the party from whom indemnification is sought (the “ Indemnifying Party ”) in writing of the Third Party Claim within a reasonable time after receipt by such Indemnified Party of written notice of such Third Party Claim, unless such Indemnifying Party shall have previously obtained actual knowledge of the existence of such Third Party Claim; provided , however , that the failure to give such notice shall not relieve the Indemnifying Party of its obligations hereunder. Thereafter, the Indemnified Party shall deliver to the Indemnifying Party, within a reasonable time after such Indemnified Party’s receipt thereof, copies of all notices and documents (including court papers) received by the Indemnified Party relating to such Third Party Claim. Each Indemnifying Party shall, at its own expense, promptly defend, contest or otherwise protect against any Third-Party Claim against which it has agreed to indemnify any Indemnified Party, and each Indemnifying Party shall receive from the Indemnified Party all necessary and reasonable cooperation in said defense including, but not limited to, the services of employees of the Indemnified Party who are familiar with the transactions out of which any such Third-Party Claim may have arisen. The Indemnifying Party shall have the right to control the defense of any such Third-Party Claim unless it is relieved of its liability hereunder with respect to such defense by the Indemnified Party. The Indemnifying Party shall have the right, at its option, and, unless so relieved, to compromise or defend, at its own expense by its own counsel, any such Third-Party Claim involving monetary damages but may not compromise or settle any matter involving equitable or injunctive recourse against the Indemnified Party without such party’s written consent. In the event that the Indemnifying Party shall undertake to compromise or defend any such Third-Party Claim, it shall promptly notify the Indemnified Party of its intention to do so. In the event that an Indemnifying Party, after written notice from an Indemnified Party, fails to take timely action to defend a Third-Party Claim, the Indemnified Party shall have the right to defend the same by counsel of its own choosing, but at the cost and expense of the Indemnifying Party. In the event that the Indemnified Party defends a Third-Party Claim because of the failure by the Indemnifying Party to defend such claim, it shall not compromise any such Third-Party Claim without the written consent of the Indemnifying Party, such consent not to be unreasonably withheld or delayed.

ARTICLE V

GENERAL

5.1 Entire Agreement . This Agreement (including any exhibits and schedules hereto) constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the parties hereto with respect to the subject matter hereof, and no party shall be liable or bound to the other in any manner by any representations or warranties not set forth herein.

5.2 Successors and Assigns . The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. Neither this Agreement nor any rights, interests or obligations hereunder may be assigned by any party hereto without the prior written consent of all other parties hereto, and any purported assignment in violation of this Section 10.2 shall be null and void.

5.3 Counterparts . This Agreement may be executed in one or more original or facsimile counterparts, each of which shall for all purposes be deemed to be an original and all of which shall constitute the same instrument.

4
5.4 Headings . The headings of the articles and sections of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect the construction hereof.

5.5 Construction . As used in this Agreement, the words “herein,” “hereof” and “hereunder” and other words of similar import refer to this Agreement as a whole and not to any particular article, section, paragraph or other subdivision.


5.6 Modification and Waiver . Any of the terms or conditions of this Agreement may be waived in writing at any time by the party which is entitled to the benefits thereof, and this Agreement may be modified or amended by a written instrument executed by the parties hereto. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by all of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

5.7 Exhibits; Schedules . All exhibits and schedules annexed hereto are expressly made a part of this Agreement as though fully set forth herein.

5.8 Notices . All notices of communication required or permitted hereunder shall be in writing and may be given by (a) depositing the same in United States mail, addressed to the party to be notified, postage prepaid and registered or certified with return receipt request, (b) delivering the same in person to an officer or agent of such party, (c) telecopying the same with electronic confirmation of receipt.

(i)

If to the Purchasers, addressed thereto at:

Freestone Resources, Inc.

426 Hwy 84

Fairfield, Texas 75840

(ii)

If to Seller, addressed thereto at:
426 Trust
Nora Pickens, Trustee
426 W Hwy 84
Fairfield,Texas 75840

or to such other address or counsel as any party hereto shall specify pursuant to this Section 10.8 from time to time.

5.9 GOVERNING LAW . THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH LAWS OF THE STATE OF TEXAS, WITHOUT REGARD FOR ITS CONFLICT OF LAW PRINCIPLES.

5.10 Survival of Covenants, Agreements, Representations and Warranties . All representations, warranties, covenants, agreements and indemnities made hereunder or pursuant hereto or in connection with the transactions contemplated hereby shall survive the closing of such transactions and shall continue in full force and effect thereafter according to their terms without limit as to duration.

5.11 Publicity; Confidentiality . Except as required by law, no party hereto shall issue any press release or make any public statement, in either case relating to or in connection with or arising out of this Agreement or the matters contained herein without obtaining the prior written approval of the other parties to the content and manner of presentation and publication thereof, which consent shall not be unreasonably withheld or delayed. The parties hereto shall treat as confidential the terms of the transaction contemplated

5

by this Agreement (other than to potential investors in, or lenders to, the parties) and except as required by law shall not in any manner disclose, reveal or furnish any such information to any person or entity.

5.12 Expenses . Seller, on the one hand, and the Corporation and the Shareholders, on the other hand, shall be solely responsible for their respective costs and expenses incurred in connection with the transactions contemplated hereby.

5.13 Third Party Beneficiaries . Except as otherwise specifically provided in Article IX , no person or entity shall be a third-party beneficiary of the representations, warranties, covenants and agreements made by any party hereto.

5.14 Number and Gender of Words . Whenever the singular number is used, the same shall include the plural where appropriate, and words of any gender shall include each other gender where appropriate.

5.15 Further Assurances . From time to time after the Closing, at the request of any other party but at the expense of the requesting party, the Corporation, the Shareholders or Seller, as the case may be, will execute and deliver any such other instruments of conveyance, assignment and transfer, and take such other action as the other party may reasonably request in order to consummate or evidence the transactions contemplated hereby.


5.16

Severability . The parties hereto agree that, if a covenant or provision of Agreement, or a portion thereof, is found to be invalid, void, illegal, or incapable of being enforced, in whole or in part, by reason of any rule of law or public policy, such covenant or provision or portion thereof shall be deemed severable from the remainder of the provision, which shall remain independent and enforceable. Furthermore, the parties agree that, if any provision of this Agreement, or any part hereof, shall be held by a court of competent jurisdiction to be invalid or unenforceable, this Agreement shall be amended to revise the scope of such provision, to make it enforceable to the fullest extent permitted by applicable law, if possible, or to delete such provision or such part, such revision or deletion to apply only with respect to the operation of this Agreement in the jurisdiction of such court.


IN WITNESS WHEREOF , the parties have executed and delivered this Agreement as of the date first above written.

SELLER:
_________________________________

426 Trust

Nora Pickens, Trustee

CORPORATION :


FREESTONE RESOURCES, INC.
a Nevada corporation

y:

James Carroll

Its:

President

http://yahoo.brand.edgar-online.com/Default.aspx?companyid=70606







Waves of Crude Oil & Natural Gas:

mustang- Who says that we don't

have a contract already?

Mick- here is the 05/15/08 SEC 10Q:

it was filed by ESPH.

Does this sound below like a company that is ready to go and any real competition for ECCI which has two completed units ready for action in the USA if a hurricane strike per the old ECCI PR*? It does not look like ESPH is ready. And it is not any better than the distillation process being used by DEVON over the last year or two. ECCI is the answer for both high volume production of recycled water and much lower cost per gallon than distilling.
* http://biz.yahoo.com/iw/070911/0300595.html?printer=1

"...Subsequent to March 31, 2008, the Company executed a letter of intent for a 90 day Pilot Program with an oil and gas drilling company in the Barnett Shale area of Texas. Under the letter of intent, the Company is to provide a water filtration unit, which includes the Ecosphere Ozonix™ process to recycle frac flowback water at a water recycling center in Texas operated by the oil and gas drilling company. The Pilot Program is to start on July 1, 2008. During the 90 day test period, the Company will be paid a prescribed fee for each barrel of frac flowback water processed.

The Company is focusing on raising the necessary capital to produce the unit for the Pilot Program. Currently, the Company has two financing solutions available. The first solution is with Bledsoe Capital Group as described in the paragraphs below.

On April 24, 2008, the Company executed a non-binding letter of intent with Bledsoe Capital Group which outlines two agreements, one agreement which is a sale of the Company's non- Ecosphere Ozonix™ water filtration technology, plus the Ecos Lifelink and Power Cube technologies and related assets, and another agreement which will provide funding for building and deploying the initial water filtration units, which will employ the Ecosphere Ozonix™ process for use in the Barnett Shale area of Texas. The sale price for the sale of the intellectual property and the assets is $5 million, of which the Company will receive approximately $4.6 million after repaying its manufacturing partner and bearing the cost of building a prototype of the Ecos Lifelink system. In addition, the Company will provide the manufacturing of future units using these technologies and will receive a 10% royalty on sales of the units.

ECOSPHERE TECHNOLOGIES, INC. AND SUBSIDIARIES

Under the financing agreement, Bledsoe Capital Group will provide an initial $1 million of funding in the form of a short term convertible note bearing interest of 10%, and convertible in common stock at the rate of $0.15 per share. This funding will enable the Company to build the initial water filtration unit, which will utilize the Ecosphere Ozonix™ process, to be used in the 90 day Pilot Program with a large oil and gas drilling company in the Barnett Shale area of Texas to process frac flowback water at a water recycling center operated by the oil and gas drilling company. Upon the signing of a definitive agreement with the oil and gas drilling company, the letter of intent prescribes that Bledsoe Capital Group will lend up to an additional $4 million to build additional water filtration units for deployment at the Texas water recycling center. The Bledsoe Capital Group letter of intent expires on May 15, 2008...."

http://biz.yahoo.com/e/080515/esph.ob10-q.html










Waves of Crude Oil & Natural Gas:

dben- No, and that company

does not even have any units built for the pilot project. Look at their most recent SEC filing. They had financing that expired 05/22/08 and this was announced a week later. They are looking for a way to built their units that are based on air injection and bubbles. Electro-coagulation is is decades old technology that is tried and true. Their new method is suspect and their 90 days had better not start now or they will miss the window. Finally, it has only about 65% of the production capacity of ECCI. It is about the same as the distillation process in production (insufficient to meet water feed needs) and it is unlikely to remove salts the way ECCI does.

And ECCI is beyond the pilot project stage- IMHO.

WAve


Waves of Crude Oil & Natural Gas:

alj14- you are very welcome/eom

Jimmy Mac: AMEN!

That is the post of the day.

FSNR UP 40%?

DOES THE SLEEPING GIANT AWAKEN? OR DOES IT SLUMBER A BIT MORE?

1flaguy- This stock could "Rock" indeed,

because my sense is that any stationary unit contract news will be more than just another "Pilot Project". It sounds like ECCI has been doing its pilot project for months and unannounced. Mr. Ward needs to take control of the share structure, the investor relations and the news cycle.....or let the new COO do those things for him. If he wants to raise money by selling shares here and there, he needs to wait until we are trading at over .01 or .02 pps. The technology works best of all the competition and the need is great and well funded. Sterling showed us how much potential there is for shareholders: $1.50 pps. Just do it! We need to adopt Nike's motto.

We are kissing .0017 again as I write. Without news, we need to close above .0018 as dolphintom said.

It will shoot past .01 on news...then .02 on increments of the news cycle. NYPD BLUE will be gone by then. We could end up bagholders, but not if the ECCI news is transparent enough and the NG dollars are shared with ECCI. NO ONE YET REALIZES THE TRUE POTENTIAL OF THIS COMPANY AND SO WE CHURN AROUND LIKE TODAY UNTIL IT IS REALIZED.









Waves of Crude Oil & Natural Gas:

.0017 HOD so far/eom


Waves of Crude Oil & Natural Gas:

AND NOTE PAGES 21 & 22 OF THE SHOW:

Those pages OPEN THE DOOR to ECCI with DEVON complaining that the current pilot projects of distillation and especially reverse osmosis are "limited and not efficient". Even the distillation process can only meet about 75% of the water feed need (page 22). And we already know that ECCI's technology is about 50% cheaper!

I WOULD SAY THAT THEY WERE INVITING ECCI'S TECHNOLOGY IN THIS POWERPOINT PRESENTATION BY DEVON THIS SPRING of 2008. WE ARE IN THE RIGHT PLACE AT THE RIGHT TIME. HOLD ON FOR THE RIDE IN PRICE PER SHARE. The last ECCI pres release really makes sense now.

Sleep well tonight ECCI longs....zzzzzzzzzzzzzzzzzzzzzz














Waves of Crude Oil & Natural Gas:

DEVON PowerPoint Presentation!!!!!!!!!!!!!!!!!!!

(On Recycling water on the Barnett Shale)

A final DD offering for your edification:

http://www.fwbusinesspress.com/barnettshale/files/feb29th/8.pps

I hope PowerPoint is loaded on your computer to run it!
(Just clicking somewhere on each page advances the show.}

CHECK OUT THE INFORMATION ON PAGE 9!!!!

BETTER THAN JESSICA SIMPSON PHOTOS: 200 FRACTURING STAGES ON 50 WELLS EACH MONTH- 3.5 MILLION GALLONS OF WATER NEED ON EACH WELL BY DEVON WHICH HAS ONLY 25% OF THE WELLS ON THE BARNETT SHALE- DOES ANYBODY FULLY APPRECIATE HOW BIG OF AN OPPORTUNITY THIS IS FOR ECCI???






Waves of Crude Oil & Natural Gas:

Why ECCI will announce a contract:

a big contract or two:

http://www.rrc.state.tx.us/commissioners/williams/environment/water_protection.html

http://info.sos.state.tx.us/pls/pub/readtac$ext.TacPage?sl=T&app=9&p_dir=N&p_rloc=7489&p_tloc=&p_ploc=1&pg=4&p_tac=&ti=16&pt=1&ch=3&rl=8


Waves of Crude Oil & Natural Gas:

Barnett Shale videos:

Point and counter point:
(Scroll down to the You-Tube screens)
http://www.durangotexas.com/eyesontexas/fortworth/barnettgaswellvideo.htm

Show me the money!!!


Waves of Crude Oil & Natural Gas:

1flaguy-Just post some pics of Jessica Simpson,

and let us walk the line. Mr. Ward's photographs of the purification units can wait. I asked that they be put up on the ECCI website. "They" meaning ECCI's units.









Waves of Crude Oil & Natural Gas:

Yes, there are a few good things in store,

this stock has a growing future with its many uses for those nano-fellers. They go to the heart of what's the matter without "beating around the Bush". Sorry, George, errr.... Mr. President.




Waves of Crude Oil & Natural Gas:

Any contract news yet?

We are waiting.....

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29710314

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29701660


Waves of Crude Oil & Natural Gas:

ECCI's competition on Barnett Shale:

AquaPure charges eight cents per gallon to "distill" frac water for Devon Energy per the linked newspaper article at the bottom of this post. ($3.35 per 42 gallon barrel). And AquaPure's NOMAD distilling unit only produces 84,000 gal. of recycled water per day. (2,000 barrels) http://www.aqua-pure.com/wastewater/case_nomad2000.html

One ECCI "improved mobile unit" can produce 720,000 gal. of clean recycled frac water per day at a cost of .02 to .04 cents per gallon! http://biz.yahoo.com/pz/080515/142803.html

If you were Devon Energy, who would you contract with to save money and to fill your recycled water needs: 1.5 million gallons of water for fracturing a vertical well and 3.5 million gallons of water to frac a horizontal?

Here is the current story on the Barnett Shale, Devon Energy and the competion- AquaPure:

http://www.fwbusinesspress.com/display.php?id=7232

"...What it all costs

Fountain Quail and 212 Resources declined to disclose the machines’ daily operating costs, but according to Devon’s Jay Ewing, completion/construction supervisor, the Fountain Quail system costs about $3.35 per barrel, about 68 percent more than the $2 cost if post-fracing water is simply disposed of.

Waits said he could not provide a cost per barrel, and declined to name the Wyoming operator set to use the POD machine.

However the costs end up, persuading the industry to take a chance on these firms’ products is going to be a balancing act between environmental stewardship and bottom-line economics, said Robert Grable, a partner at Fort Worth-based Kelly Hart & Hallman..."




Waves of Crude Oil & Natural Gas:

Repost: ECCI Mobile Unit Valuation …

By stervc: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29701660

"The earlier valuation I posted was derived from considering the rates of water treated to be 100 gallons per minute for the mobile unit and 1,000 gallons per minute for the stationary unit at a price of .02 per gallon:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28970733

From their 15 May 08 PR, ECCI stated that their mobile units will generate 500 gallons per minute per mobile unit and 5,000 gallons per minute per stationary unit:
http://biz.yahoo.com/pz/080515/142803.html

With the thoughts below, I will primarily focus on the ”ECCI potential” derived from their mobile units.

The earlier ECCI valuation consideration was derived in effort to try to determine a fair valuation for ECCI from some of the variables mentioned in the posts below courtesy of Tkcomputer9999 and the PR above considering if any of the contracts expected are awarded:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29287902
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28927851

Before we can list the variables to consider, we must first derive the ECCI per minute amount of Income to be generated from each unit through logical deduction. I say Income because from my understanding and research, the money generated from the units will be pure profit. The Expenses have already been taken into account as evident from the units being purchased. Since ECCI have not been previously generating any Revenues, taxes and other Expenses will not be considered for keeping these derivations simple. Please further consider the thoughts below, but I highly recommend reading all of the attached links above to fully understand the following thoughts:

************************************************************************

Mobile Unit Rate of Water Treated
500 = gallons per minute for mobile units
.02 = cost per gallon

500 x .02 = $10.00 per gallon per minute
$10.00 x 60 minutes = $600.00 per hour
$600 x 24 hours = $14,400 per day

In summary, each ECCI mobile unit will provide water treatment at a rate of 500 gallons per minute at the cost of .02 per gallon which equates to Income of $10.00 per gallon per minute which equates to $600.00 per hour which equates to ECCI generating Income of $14,400 per day.

************************************************************************
************************************************************************

ECCI Presumed Variables to Consider:
** 1 mobile unit running per day
** ECCI $14,400 Net Income per day per mobile unit as derived above
** Worse case scenario Outstanding Shares (OS) amount of 350,000,000 shares

Revenues – Expenses (Net) = Net Income.
Net Income ÷ Outstanding Shares (OS) = Earnings Per Share (EPS)

************************************************************************
************************************************************************

$14,400 = 1 mobile unit x $14,400 Net Income per day per 1 mobile unit

$14,400 x 30 days = Net Income per month per 1 mobile unit
$430,000 = Net Income per month per 1 mobile unit

$430,000 x 12 months = Net Income per year per 1 mobile unit
$5,184,000 = Net Income per year per 1 mobile unit

It is expected that they will have 5 mobile units per operation as a minimum. So, that would multiply the total amount above by 5 to equate below:

$5,184,000 x 5 = Net Income per year per 5 mobile units
$25,920,000 = Net Income per year per 5 mobile units

From my understanding, the money generated from the units will be considered pure profit since Expenses would have already had been captured as evident from the existence of the units and from the thoughts I explained earlier above. Now let’s derive an Earnings Per Share (EPS).

Net Income ÷ OS = EPS

$25,920,000 ÷ 350,000,000 (OS) = EPS
.074 = EPS

Since we are not quite sure just yet what Sector or Industry ECCI would trade under, it is a little difficult to determine a finite PE Ratio to use as its growth multiple to multiply with the EPS to determine its fair trading price. Because of this, it is generally accepted to use 12 as a conservative PE Ratio. The share price below would give us the ECCI trading price of where ECCI could ”potentially” be trading if given a contract as what many of us are expecting to be announced any day now:

12 Conservative PE Ratio x .074 EPS = .89 per share

This means that given if the above variables that were mentioned as a consideration comes to fruition to be true as expected, ECCI would logically, fundamentally, and conservatively be worth somewhere in the area of .89 per share.

This also means that the .89 per share represents per increments of 5 units. So…

.89 x 2 units of 5 (10 total units) = $1.78 per share

.89 x 3 units of 5 (15 total units) = $2.67 per share

Let’s add that it’s no secret that Devon Energy is the largest and primary company that is highly interested in using the ECCI technology which is why all of them are there at the Barnett Shale. Devon Energy trades on the NYSE at $116.00+ per share under the ticker of DVN. Is doesn’t get much better than that for establishing a customer/partner for utilizing your patented technology. I have also confirmed that there are a few other NYSE stocks/companies that are interested in utilizing the ECCI technology.

I also have sound reason to know that the price of .02 per gallon that I used with my thoughts above is not even half the price that the major market companies are willing to pay for contracting with ECCI for them utilizing their patented technology. However, I used the .02 per gallon price to also remain conservative. Here’s another reason why DVN logically wants to use ECCI versus what they are doing now courtesy of Waverider110 which further adds to the .02 per gallon being conservative:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29690208

Please understand that the above thoughts are not the gospel. These thoughts should only be used to gage what could be considered as ”potential” ECCI valuation if they consummate a contract with a major company as from what they had PR-ed as part of their plans. Again, this is considering that the variables that were used to derive the calculations for these figures are first officially released then we can use the thoughts above to use as a gage to measure the ”actual” ECCI valuation. So far, a good piece have been ”officially” released which allowed me to be able to calculate the above ”potential” ECCI valuation.

Now here’s the trick with determining the valuation for the use of the ”stationary” units. If the mobile units generate 500 gallons per minute and the stationary units generate 5,000 gallons per minute per gallon, then simply take those share price amounts above I derived and multiply them by 10 to get the ”potential” ECCI valuation if 5 stationary units were used instead of 5 mobile units which is what we think will be primarily used. I hope people see the magnitude and the ”potential” that resides here with ECCI. I think it’s worth taking the risk, especially at these levels."

v/r
Sterling"




Waves of Crude Oil & Natural Gas:

I hope so, Brian/eom

Good Night again/eom

Howdy, friend, the charts look good,

and the signals are subtle. Tom could comment more. He is the resident expert. I like ADX and SloSto. Otherwise, I just depend on fundamentals and a good business plan.

I hope Mr. Ward does not read this board. It might make him fighting mad to see the personal references. I've never met him, so I have no comment except to thank him for this opportunity.

Let's get some sleep.

It's 10:00 p.m. and we need to be ready for another week of chills and thrills.

Things are looking up!

I am hearing good things about the near term for this stock...complicated but good.

Devon uses a distillation process on the Barnett Shale

(Aqua-Pure Ventures Inc.) to recycle its frac water. I find their NOMAD unit to be more expensive (at least .065 per gal.) and lower volume (2,000 bbl. per day) than ECCI which can use a stationary platform at third of the cost and 63 times more production per day:

http://biz.yahoo.com/pz/080515/142803.html?printer=1

http://www.fwbusinesspress.com/display.php?id=7232

http://www.aqua-pure.com/wastewater/case_oilfield_recycling.html

Drillers need about 1.5 million gals. of water to fracture a vertical gas well and about 3.5 million gals. of water for a horizontal well. 80% of the water returns to the surface with salts and heavy metals that need to be removed before the water can be recycled to some other productive use. Transporting untreated waste water to an injection well where it is "lost" costs about $2.00 per barrel, all inclusive cost. ECCI sure does make sense and cents for these wealthy energy companies and the TRRC!

Wave

And He doesn't dilute,

even with an infinite number of "shares" authorized.

"Many are called, few are chosen."




Waves of Crude Oil & Natural Gas:

keith68- how is NYC today?

Spring is in the air! Enjoy life. Feel the sunshine. Experience the great outdoors.

I would call Mr. Ward to ask about dilution, but there is no answer on his telephone line today.



Waves of Crude Oil & Natural Gas:

GM- but I like risk,

the reward is there.

http://www.fastcompany.com/magazine/57/riskreward.html


Waves of Crude Oil & Natural Gas:

June is finally here:

The month is named after the Roman goddess Juno, wife of Jupiter and equivalent to the Greek goddess Hera.

The month of June—in the Northern Hemisphere—is in Spring until the 21st, when Summer begins.

June is known for the large number of marriages that occur over the course of the month. Juno was the goddess of marriage and a married couple's household, so some consider it good luck to be married in this month.

Good luck, Freestone Resources!





Waves of Crude Oil & Natural Gas:

You are right,

it is Sunday. Call a church! You might get "an answer" there.




Waves of Crude Oil & Natural Gas: