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Re: Rev Kilgore Mullet post# 257537

Saturday, 02/01/2014 11:49:44 AM

Saturday, February 01, 2014 11:49:44 AM

Post# of 312015
Perhaps you should read the AGM. It's a great progress report from start to finish. They've been able to achieve 30+ days of continuous operation with no issues and with extremely low residuals, they've achieved 2000+ lb/hr input, they have continuous real time residual removal and they are making in-spec fuel. The pet-coke being removed from the processor may have significant value. And with all that they are now in cost cutting mode as they now have their flagship processor. Processors 4 & 5 are 75% complete with apparent interested buyers.
The company is a processor sale away from being cash flow positive.