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Thursday, April 20, 2006 12:42:05 AM
Fundamentally, the Company has three principal businesses. They are its traditional oil and gas lease activities, its producing and non- producing royalty holdings and its Biofuels Project.
During the 2006 fiscal period, the Company continues to research and develop its biofuels technologies for the recycle of ordinary MSW, garbage, trash, paper and plastic material streams into recycled saleable products and the recovery of cellulosic materials ("Celmat") believed by the Company to be convertible into electric power and ethanol transportation fuel.
As a result of its R&D efforts management believes that the Company has developed what appears to be a commercial application of its "Biofuels Technology" for the future recovery of inorganic materials and Celmat from the recycle of "Municipal Waste" ("Biofuels Project"). A Biofuels Project would be located in the Northeast U.S. where Municipal Waste landfills and transfer stations charge the highest dump rates ("Tip Fee") in the U.S. for the disposal of Municipal Waste.
Don't be afraid to go out on a limb, because that's where the fruit is.
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