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Hanifan

06/15/11 12:05 PM

#113691 RE: bbotcs #113690

Is there information on how long it takes P2O to get a processor up and running, from beginning to end?

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BRIG_88

06/15/11 12:05 PM

#113692 RE: bbotcs #113690

So far? A sale to Oxy. A contract with CoCo Asphalt....more coming i'm sure....2 more machines being built at the company site....be patient....revenues are are about to roll.....sweet part is just THREE....count em 3 machines up and running turns the company cash flow positive....TIC TOC
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jcoukr

06/15/11 12:19 PM

#113707 RE: bbotcs #113690

john's (ceo) goal for within two years...

was i believe 20,000 barrels per day which in with todays oil prices and going off our last two sales would be around 778.8 million in revenue. average oil prices will probably continue to go up, the last two sales were at a discount so look for a little more per barrel and there will probably some tax breaks for being green technology.

two years sounds like a long time but we can't get to $778 million overnight so look for p2o's going up at a pretty good pace. it's my opinion john is a realist and has done his homework to come to the goal that he has set. i also believe he may have gone a little conservative on his goal.
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Steady_T

06/15/11 12:24 PM

#113716 RE: bbotcs #113690

Yes.....A processor can process 24 tons of plastic a day. That creates approximately 136 BBLs per day per processor. 3 processors produce 408 bbls per day. At a $99 per bbl gross margin that's $40,392 per day.

I'll leave the rest up to you.