Lexi,
Based on your formula we talked about and the recent news releases for ECCI the stock is dirt cheap and could explode. On the other hand if no contracts could drop lower i will average buy down. They have a very strong and respectable product. Other articles on investorshub ecci site show that in that Texas area shale site a lot of big guns are investing not millions but billions of dollars and they all need this purifying system - read 4/9/08 news release below. Current pps is .0022. I bought a 1/2 mil between thurs/fri to start. 07 had a high around .10 and 06 .25. Maybe something you want to look at. At some point i believe this will hit the bit jackpot.
manchild 1
Ecoloclean Industries Focuses Resources to Texas Oil and Gas Fields
Wednesday 04/09/2008 9:50 AM ET - PrimeNewswire
Ecoloclean Industries, Inc. (Pink Sheets:ECCI) announced this morning that additional resources and investments will focus exclusively on Texas locations. Royis Ward, Chairman and CEO of Ecoloclean Industries, Inc., is certain that moving additional resources will provide the best return for the E-C WaterPure System(tm), the Company, technology, and investors.
According to Mr. Ward, "We have already announced our strategy to accelerate acceptance and contract acquisitions for ECCI in Texas. There has been a great deal of excitement about all of the potential applications and uses for our E-C WaterPure System(tm). Now is the time for us to move from successful practical application testing to successful returns for our Company. Currently, we are in discussions with leading companies in the industry and believe a contract will be forthcoming. We are committing all possible resources, people and financial reserves to this important strategy. We are moving one of our team members to the field to be on the ground full-time and we are investing more in marketing and communication materials to realize our strategy."
As has been previously reported, the choice of the Barnett Shale, as the focal point of the expansion and launch of Ecoloclean Industries and the E-C WaterPure System(tm) is due in part to the size of the field, and the use of the hydraulic fracturing process. Discovered in 1981, the Barnett Shale (field) encompasses five thousand square miles, across 18 counties near Dallas / Ft. Worth. This is one of the largest natural gas deposits in the United States, but to extract the gas at volumes that are economical and efficient, production companies must use the hydraulic fracturing process. The process utilizes millions of gallons of water for each well. Of the water pumped into the wells, approximately 80 percent of the water returns to the surface as waste. Historically, the recovered water is discarded in disposal wells due to its saline content. The cost of this current form of wastewater disposal is in excess of $1.2 billion per year to the industry.
The gas industry in partnership with communities, institutions, and regulatory agencies, has become more aggressive about testing and employing measures to conserve and recycle water. The ongoing drought over the past few years has required communities to rely more heavily on the aquifer beneath the Barnett Shale. The scale of the drought and the water required for industry has made water conservation essential to the health of the communities.
In the Barnett Field, there are currently 7,000 gas wells operating and additional 4,350-permitted locations. The market for the E-C WaterPure System(tm) E-C technology fits very well with the fracturing of both new wells, and older wells that can be re-fractured multiple times and produce for many years.
AI
