The BP cleanup contract is lucrative and I am sure it will lead to more. That is fine but absolutely misses the longterm opporunities here. The BP disaster has really turned the bright light on the oil industry's drilling procedures, including chemical fracing. Obama, the EPA, state governments and now communities are pushing for non-chemical fracing. This is not a maybe. It is happening in the Marcellus shale right now in New York & Pennsylvania. Proposals for drilling are being held up because of the chemicals from fracing may be getting in the ground water. They want alternatives to the chemical fracing process. ESPH has a proven non-toxic, non-chemical fracing process. We offer service contracts with drillers on a per barrel basis. Remember we do not sell our units but do 5 year service contracts with a minimum rate whether the drilling operations is working or not, worth at least a couple hundred thousand a month. Investors buy RIG and many other deep drillers because of their day rate on their rigs, and the same should go for ESPH. Once our unit is on site, we are making a day rate whether its in operation or not. We get a per barrel rate with a minimum and our process is less costly than chemical fracing. Who gets it? When the various governments impose new regulations on chemical fracing, ESPH will prosper greatly with many contracts. It may not take that long as drilling companies already see the writing on the wall, and if it speeds up the permit process they will come around.... Maybe forget BP and think longer than next week!
I, like many here, am underwater on many thousands of shares, but I am confident that my reason for investing here is sound. The hatchet job by she who must not be named misses the point of the opportunity here.
My picks are my own and many times wrong, generally looking 3-6 months out
'A government big enough to give you everything you want, is big enough to take away everything you have.' ........
Thomas Jefferson
