On call to discuss its Heavy-to-Light Oil process, mgmt says that they have reached a significant milestone that should lead to significant commercial contracts w/ large heavy oil producers; mgmt says they don't know of any co that has bigger opportunity in front of themselves; mgmt says this is the biggest development to be brought to the heavy oil market and they hope to open many doors around the world.
I visited their website and it seems legitimate I would think the ability to process bitumen would be a big plus in itself Also its good if its true that the process is actually a net producer of energy rather than a user. My concern would be if the process is patentable and if they've taken steps to do that It doesn't sound like a real technological leap that would be hard to duplicate
listen to the CC. They own all the patents. They have added several other patented technologies like reducing the sufur content and the acidity, which makes the upgraded product really desirable for both refineriy managements and operators, but also environmentally for government policy makers.