Replies to post #639 on STW Resources Holding Corp. (fka STWSQ)

[pilgrim58]

"Does anyone know what made STWS pop to $4.26 last year? "

It went up just before Fort Stockton news if I remember right. That was also before the 6 to 1 reverse split and the high was ~0.71. The 4.26 sounds a lot higher even though they are the same with the reverse split.

[pilgrim58]

Price went up just before this news release.

STW Signs Lease Agreement with City of Fort Stockton to Recover Brackish Water from the Capitan Reef Brackish Water Aquifer
PR Newswire STW Resources Holding Corp.
August 5, 2014 2:37 PM
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MIDLAND, Texas, Aug. 5, 2014 /PRNewswire/ -- STW Resources Holding Corp (OTC QB: STWS) and the City of Ft. Stockton held a press conference today announcing the signing of a lease agreement on municipal land to drill multiple brackish water wells recovering water from the Capitan Reef Brackish Water Aquifer. Studies in recent hydrogeological reports show potential production of 100+ million gallons per day for up to 100+ years. Although classified as brackish (slightly salty), the quality of this water is potable and can be used without treatment. If further studies show different, STW will process the water for municipal use through technology that it has already deployed for processing brackish water.

STW will provide this water to several local west Texas municipalities and industrial customers. Current rates for this water range from $4.00 per 1000 gallons to $8.00 per 1000 gallons sold. STW holds the to right sell water contracts to beneficial users for up to 100 years or the life of the contracts agreed upon. The initial project cost is $28 million; the company is currently negotiating terms with investors for partnering and/or financing.

Initially, STW and the city of Ft. Stockton have agreed to build multiple water stations to provide water for industrial customers. Simultaneously the company is contracting a 189 mile pipeline through the Permian Basin in west Texas to provide water to 9 communities. Water will be sold and transported through the pipeline during construction to towns and beneficial end users along the route. We hope to pipeline it to San Angelo and then put the extra in an already existing pipeline that goes to Midland, Odessa, and several other communities that currently takes water to them for their municipal use. This will enable west Texas to prosper and grow without the worries of having enough water for its citizens and industry.

Fort Stockton City Manager Raul Rodriquez stated, "City and county residents will benefit by keeping local entities involved in the production of water from Pecos County. City residents will benefit from the new revenue source in the form of lower tax and utility rates."

Alan Murphy the President of STW Water stated, "This joint effort between STW and the City Fort Stockton Counsel will provide water to thousands of West Texans and not to mention create revenues for the town. This is our first project of this kind but we've already begun working with other municipalities to provide a water management plan for their future."

STW Resources CEO Stanley Weiner stated, "Being a native west Texan, this is a project that I've been dreaming of since I formed the company. We have three goals: clean up brackish and oilfield produced and flowback water for use in the oilfields (thus preserving our precious fresh water resources), process brackish water for municipal use in order for west Texas to grow and attract more people, and reclaim any other types of contaminated waters for reuse. After all, the name of the company is STW ("Save the Water") Resources."

http://finance.yahoo.com/news/stw-signs-lease-agreement-city-183700860.html