At that point, we will have to be over $2 because Balkany is in at near $1.60 and he's not going to lose. If I remember correctly Total is one of the 8 companies involved and he has some ties there, as well as other OG producers.
"Munro said the company is "cautiously optimistic" about the test well and is in talks with other area companies for potential partnerships. It should have some preliminary results on the well soon."
(I'm liking the sounds of that)
No, he`s saying if Ohio plays out as planned the company will look totally different than it is today. I expect one of the eight companies will make a play for it. If the well does not pan out it is business as usual. Supposedly they have all HP busy and have another piece on order for February to help with their new frack system.........I like the odds because GF specializes in this formation type.
VERY GOOD ARTICLE BUT I THINK THERE IS AN ERROR.. note below: "we're not done"
"The company has other businesses than waterless fracking, but a lot is riding on the test well. If the Ohio well is successful, "we're talking different options than were presented before," he said.
If it doesn't do well?
"I certainly think the opportunity is a big one," Munro said. "I can't speculate, 'OK, if the well doesn't come in, we're done as a company.' We have a lot of options. A lot of clients are still interested in the technology."
He added: "In my view, this won't be our swan song if the well doesn't work out."
Munro said the company is "cautiously optimistic" about the test well and is in talks with other area companies for potential partnerships. It should have some preliminary results on the well soon."
No total, 475K + 270K = 750K. Somebody was accumulating and hitting market price. We should be in for some good news and share price increase over the next month.
Or financing in place now, up 33% on the CAN side (of coarse). Must be company insiders because all the buys on the CAN site
Last year the CEO of GE (Canada)Division was being interviewed and said they were going to enter the Gas and Oil market in a big way but wanted only green technology. They had set funds aside for R&D development and acquisitions. At the time all I could think of was Gasfrac being a perfect fit. I later found out that they were trying CO2 in many tests. This past summer I read that the CO2 was an epic failure for them. Wonder if they are watching GF today or actually one of the 8 companies involved. STAY TUNED..... same bat channel, same bat time.....
In business dealings with Americans I have found the northern states to to more acceptant to Canadian products. Most of my sales go to NY, PA, OH, MI and WI. Take Tim Hortons or Couche-Tard(owns many US gas stations) they do all their business in the northern parts and had to close many southern stores. These large corps could not figure it out, so me, you and GF will not either. Maybe we are more like minded living so close(I don't know). I'm sure GF will be partnering with the right people now.
Google: Waterless fracking comes to Tuscarawas County
It sure is being talked about.
One of the likely partners is EV Energy Partners, which is drilling a test well in Clay Township near Port Washington with eight other companies. That well is being fractured with liquid butane and mineral oil.
According to EV Energy, the well could begin production in December.
“We’re excited but cautious as we are bringing new technology to bear in this process,” company President and CEO Mark Houser said. “We are in the middle of the completion operations and have completed five of the 20 (fracking) stages so far."
The use of water in fracking has been controversial. In 2012, environmental groups protested plans by the Muskingum Watershed Conservancy District to sell water from its lakes to energy companies. The MWCD has since sold water from several of its lakes, including Clendening and Piedmont.
“As an industry, we’re always looking at ways to reuse, recycle and reduce dependency on fresh water,” said Shawn Bennett, senior vice president of the Ohio Oil and Gas Association.
GasFrac’s technology could also help energy companies “unlock the potential of the oil window,” Bennett said. Producers have had a difficult time producing oil in the Utica play economically.
donotbedecietful is 100% DECEITFUL. Your quote dose NOT show up in the transcript. My copy and paste is what they said and you know it.