"OK, I just have to ask
What news do you foresee in the next week or so?"
We could easily hear on something to do with the WTWP in Dec.
If they execute all that is laid out here, not including the other projects mentioned at the bottom of the pr, STWS will be multiple dollars. I am also interested to see/hear about the Cal projects, we don't have any idea what there size is. It seems regulations in this industry slow everything down, but look at the increase in water revs.
GLTU
STW Resources Begins Initial Development of Company’s Newly Acquired Alternative Water Lease Near Imperial, Texas
Company Provides Update on Imperial, Texas (MRK) Lease and Its West Texas Water Project
Business Wire STW Resources Holding Corp
October 13, 2015 11:24 AM
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MIDLAND, Texas--(BUSINESS WIRE)--
STW Resources Holding Corp (STWS) (“STW” or “the Company”), an integrated provider of water management, including water reclamation and remediation, and oilfield services, announced today that STW Water Process & Technologies, a subsidiary of STW Resources, has begun the development of its newly purchased brackish water lease in the Imperial, Texas area. This recently acquired water source is a key component in STW’s West Texas Water Project. The main purpose of the West Texas Water Project is to access “alternative” (other than fresh water) brackish water sources, process these sources to potable drinking water standards, and supply the fresh water to municipalities and industrial customers in west Texas.
Phase I development for the MRK lease is expected to be completed by year-end. The objectives of this phase are to complete the site excavation, complete a hydrogeological report, acquire production/transportation permits and a long-term signed water purchase agreement. The company has already received an approval from the Texas Commission on Environmental Quality (TCEQ) for the site plans and the technology/processes that STW will be using to treat this water. This week, STW’s Hydrogeologists, LBG Guyton and Associates, will begin the required hydrogeological study of the San Andres Formation to estimate the approximate amount of water reserves. This study is required for the permitting process by the Middle Pecos Groundwater Conservation District. Upon completion of Phase I on the MRK lease, the company is estimating that water sales to industrial customers will begin during the first quarter of 2016.
Provided development and infrastructure financing are in place, Phase II is expected to commence in January. Management has been in discussions and negotiations for the timing and financing terms. Due to the market sector and water infrastructure aspect of this project, the number of investors and their interest is very high. Phase II is estimated to take twelve (12) months and the build-out another fourteen (14) months, starting commercial production operations for the entire West Texas Project in the second quarter of 2018.
The newly purchased MRK lease has artesian brackish water flowing from the San Andres formation, which is approximately 2,500 feet below the surface. According to the Pecos County Water authorities, several of the eight (8) water wells currently flowing have been producing approximately 1-2.5 million gallons per day (GPD) for the last 40+ years. The water produced is brackish and will require processing with STW’s proprietary Hybrid Brackish Reverse Osmosis System prior to sale to customers. The Company’s plan is to supply the alternative processed water from the MRK lease and other leases to the surrounding communities and industrial users. The estimated current water flows are more than 20 million gallons per day (GPD).
