A piece of info I've never been able to locate is, how big is our market?
The price differential for bankers oil has been in excess of $30bbl for the past two quarters http://www.bankerspetroleum.com/en/components/investor/bnk-q2-pr_final.pdf . This offers both Bankers and Sonoro plenty of profit potential(900k/year for SNV and 600k/year for Bankers for every 1,000bpd)..
I believe MHT posted at one point our market is any producer with a price differential in excess of ~$9 a bbl. I would like to know how many bpd fall into this category?
This next statement may be a bit of a stretch for some, but here's my thoughts. If SNV received an endorsement from Bankers(additional generators or anouncement of a sonic generator program), the people who figure out exactly how big our potential world market is will have the best info for buying additional stock and knowing when to sell.
Think about it... A billion + dollar market cap company with plans to increase production to 24,000bpd by 2012 endorses our technology. People will take note. Competition in the industry is fierce. If Bankers is able to show a 20-30% increase in profits... other oil companies will be quick to adopt the technology. What stock price do you attach to this kind of potential? Proven new technology is priced less againts earnings and more against potential.... We just need to figure out that potential.
So back to my question, how big is our potential market? I would appreciate thoughts/information. Remember, it's not just heavy oil, it's heavy oil with a sufficient price differential.
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