Hemp Inc (HEMP)

[Condor65]

Lost-circulation material, LCM

http://www.glossary.oilfield.slb.com/en/Terms/l/lost-circulation_material.aspx

Drilling Fluids:

The collective term for substances added to drilling fluids when drilling fluids are being lost to the formations downhole. Commonly used lost-circulation materials include are fibrous (cedar bark, shredded cane stalks, mineral fiber and hair), flaky (mica flakes and pieces of plastic or cellophane sheeting) or granular (ground and sized limestone or marble, wood, nut hulls, Formica, corncobs and cotton hulls). Laymen have likened lost-circulation materials to the "fix-a-flat" materials for repair of automobile tires.
Alternate Form: LCM, lost circulation material


Drillwall from Hemp inc.:

http://ihempman.com/drillwallbrochure.pdf

http://www.otcmarkets.com/financialReportViewer?symbol=HEMP&id=143886


Video from Hemp inc:

Potential revenues:

http://www.otcmarkets.com/stock/HEMP/news/Hemp--Inc--Reports-2nd-Quarter-2015-Financial-Results?id=113319&b=y

According to David Schmitt, COO of Hemp, Inc.'s subsidiary, Industrial Hemp Manufacturing LLC, once the company begins to manufacture DrillWallTM LCM, revenues can potentially range from $392,000.00 to $980,000.00 per month based on an output of just 1 ton per hour, 1 crew shift per day.

With 3 crew shifts per day, revenues can potentially range from $1,176,000 to $2,940,000 per month. Potential buyers of LCMs typically seek 3 to 5 year contracts from suppliers which would create a substantial and steady revenue stream for Hemp, Inc.


More:

http://petrowiki.org/Lost_circulation


Competitors:

http://www.geodf.com/index.cfm/fuseaction/Pages.Page/id/302

http://www.cpchem.com/bl/drilling/en-us/Documents/THEENGINEEREDLOSTCIRCULATIONMATERIALSOF.pdf


In fact, the competitors are using crops from asia, and Hemp inc has the only industrial-size plant in America.