Great News re the Downhole tool Whatever criticism this Company has been subjected to they are starting to prove that there is huge potential here. I for one give Management full credit for their initiative in having the contacts to bring what could potentially be "World Class Technology" to the shareholders of this Company.
Not only does the Company have the potential to markt its patented downhole tool but also their Vertizontal Drilling Technology which could be even more rewarding than the downhole tool.
And then lets not forget that the Company is also producing oil ,the production which should increase significantly over the coming months.
The oil production is great but the Technology COULD and I say COULD (as there are no guarantees) be massive in terms of the revenues it has the potential to generate.
So yes its so easy to criticise Management but if you look at the TSX Venture Board as being a Casino and consider that perhaps at best 3-4 % of the Companies actually succeed in real terms, then surely the Management at Petrostar deserves a lot of credit for accomplishing what they have.
Its all so easy to take cheap shots at Management but in my book they deswrve a lot of credit to have brought what appears to be some pretty good technology to the Company that has incredible potential....Good Luck to All.