hogfan's picks

[greatday8]

GETC-Great news in CEO replies to shareholders:

Geotec offers the most effective, inexpensive and safe technology to restore and increase the output capacities of oil and gas wells, which is a very large market in North America alone. This makes the Company's financial outlook extremely promising. Over 30,000 wells have been treated with a 70% success rate for oil wells, and a 90+% success rate for gas wells. The technology produces incremental oil yields averaging over 6000 barrels of oil per well, per year. Some wells average increases that exceeds 45,000 barrels of oil per well, per year.

The company is in the best shape ever and many things are happening that will be released at the appropriate time.

I would suggest that you read correspondence between a few shareholders and Richard Lueck, CEO of Geotec, which are posted on RagingBull.
Start with this link:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=GETC&read=439

Aug 08 - message 124 by greatday8
Aug 21 - message 188 by squarecam
Oct 09 - messages 439, 440, 441, 442,443 by rjmoses
Oct 09 - messages 445, 456 by greatday8
Oct 15 - messages 519, 520, 521, 522 by greatday8

On Dec. 5, 2000, Geotec Thermal Generators will present case studies of its technology, and present the criteria for successful use of its technology in different formations and well fields at the Central Gulf States Regional Meeting of the Petroleum Technology Transfer Counsel. The meeting will be held at the Petroleum Club in Lafayette, Louisiana. (Funded by the Department of Energy). The DOE pays Geotec's expenses for this presentation. This includes airfare, transfers, hotel, meals and incidentals.

Geotec has completed the first phase of technology transfer from the Russian Federation earlier this year, and the second phase is planned just before the Petroleum Technology Transfer Counsel meeting. Well treatments will begin after completing the second phase of technology transfer.