To be more specific, mtcinc0,
Petrozene has an average 260% increase on well production, although some wells are stimulated MUCH more than 260%.
Yesterdays PR said: "...Conservatively, these wells could push the production of this unit to approximately 30 barrels of oil per day, which could potentially yield $1800.00 in gross revenue per day or $657,000.00 gross revenue per year."
260% times $657,000 = $1,708,200 gross revenue per year, for two years or so.
This company has up to 50 gas wells that it will drill with up to $10,000,000 revenues for each gas well in Freestone County on its 5,000 acre leasehold.
Mitchell County in West Central Texas will yield over $1,500,000 in revenues and the company is targeting more wells in Texas that will be similar to the above.
Petrozene has been described by the company as having more profit potential than the O&G business.
And the New York Harbor remediation project could be another hefty income stream, using the "carbonator" to reduce the pollutants to safe land fill.
All this and a share structure under 50,000,000 shares will eventually make us all VERY happy shareholders on the AMEX. But this FSNR board remains a sleepy board here until the market "wakes up" to what is really happening. LOL
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