The graphs show that flare gas technology can add value.
But, as EEGC shareholders (and feel to correct any of the following assertions, but please do so with links):
- We currently have no rights to any such technology.
- We have an option on rights to so-called flare gas technology, but:
1. There is no evidence that Mr. Bendall, who a year ago offered to enter into a commercial transaction with the company, has any rights; and
2. If existent, there is no evidence that Mr. Bendall's referenced technology has any competitive advantage versus that which is currently on the market, or in development; and
3. There is no evidence that anyone is willing to invest $300M to commercialize said flare gas technology.
I am guessing that the current market value of the company includes $0 for flare gas technology, so if you believe it is 'real' -- please buy a lot more stock, you could make a bundle.
For me, I believe the market has fairly valued the present value of the risk adjusted future cash flows at zero -- or perhaps at a negative number due to its distraction from the company's stated mission: discover oil and gas and bring it to market.
