Pedevco Corp. (PED)

[Flatsixer]

BAMA...Actually, the first coiled tube drilling was done in the mid 1980s...

"The first coiled tubing horiz drilling I know of was in 1995 in Canada. Schlumberger and others have done it offshore since 1999. In the last 10 yrs, there has been all kinds of tech advances in this field."

"...five or six years ago, the first Blast system was junk. All hype for nothing."

I think what you are talking about is/was the original Landers (sp?) setup that was a very basic prototype. He was a KY inventor I believe. Blast then got involved with Alberta's technology to enhance and upgrade the technology. Those were steps in development of the current AFJ rig which Blast owns in its entirety.

Over the past year Blast has applied for patent for this new AFJ rig...that is...Applied Fluid Jet. The current AFJ system is proprietary to Blast.

Flatsixer