Smart companies are conservative in their posting. Profits will come in Q3 and over committing just hurts the pps! Bruce Perlowin has much more invested then any here but his philosophy to diversify will pay off big. Watch the portable decortication market grow!
The collective term for substances added to drilling fluids when drilling fluids are being lost to the formations downhole. Commonly used lost-circulation materials include are fibrous (cedar bark, shredded cane stalks, mineral fiber and hair), flaky (mica flakes and pieces of plastic or cellophane sheeting) or granular (ground and sized limestone or marble, wood, nut hulls, Formica, corncobs and cotton hulls). Laymen have likened lost-circulation materials to the "fix-a-flat" materials for repair of automobile tires. Alternate Form: LCM, lost circulation material
According to David Schmitt, COO of Hemp, Inc.'s subsidiary, Industrial Hemp Manufacturing LLC, once the company begins to manufacture DrillWallTM LCM, revenues can potentially range from $392,000.00 to $980,000.00 per month based on an output of just 1 ton per hour, 1 crew shift per day.
With 3 crew shifts per day, revenues can potentially range from $1,176,000 to $2,940,000 per month. Potential buyers of LCMs typically seek 3 to 5 year contracts from suppliers which would create a substantial and steady revenue stream for Hemp, Inc.
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