CSE:FCI - Post Discussion
Post by
oilman10 on Jul 17, 2011 2:42pm
savings
If this tool does what the news release states----THIS IS BIG. The release can be viewed at
www.cnq.ca . I spent 5 years with a Junior oil company in Sask. We pumped heavy oil with lots of sand---the wells were always going down due to failures in the lining or the pump. The costs to service and get these wells back on line was a killer both in rig and parts costs then add your well down time ---ouch! Its just a guess at this point but I would say you could knock 1/3 of the service cost off with the tool and probably save two days of down time----production $s. This is big as there are many thousands of wells that need this tool----positive cash flow per well is key. This tool is too big a deal for a little company to own----a service company should take them out ASAP and control who markets the service. Enjoy this one it should be a big hit-----Watch the inside buying----if insiders are buying that a great tip off.
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