I don't think GSF is looking for a buy out. They could be another Google type company. Have their own patent on gelled propane - which Chevron supports, have a proven track record of performance in fracking and are picking up momentum. There is no other product that can compete.
I have wondered how they were going to go international and the MOU with eCORP gave us a clue. Don't know what is in the MOU but is has to be some type of working agreement. Due to the large investment cost it will take some time and probably some dilution but, at the same time, they may do it on a franchise basis and let the biggie buy the equipment.
Don't bet on dilution for this eCorp deal. More likely eCorp buys new equip based on patents GFS has allready. The mou would allow eCorp to use such eqipment for a fee along with staffing/ training for a fee and the exclucsive european footprint for a fee/profit share deal. Just some possibilities.IMHO
Riverfrount, you have hit the nail and the head. This eCorp Gasfrac simbotic relationship makes a lot of sence. Europe is in need of a new fracking approach to satisfy political and environmental groups. Gasfrac has the technological advantage and eCorp has the influence and the big bucks to change European mind sets. It will take time but will also be HUGE. P.S. The bird will control, ie Zeke
Charles mentioned franchising. I was also hoping they may want to consider do something like that in Europe, South American and Asia. THat would put this company on a fast-trac for becoming a global leader in fracing. The company needs to think BIG!!!