OTCPK:GSFVF - Post by User
Comment by
Wellsitteron Aug 17, 2010 10:14pm
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Post# 17359596
RE: A few quick ?'s
RE: A few quick ?'sI didn't listen to the CC but I can answer a couple of your questions, if not completely factually, at least with some industry insight.
Is the process a game changer? Well, yes and no. The industry has been using fluids other than water for decades. There are specialty frac oils and condensate that have been used for a long time and obviously replace water. The one difference being that the LPG process doesn't require energizing agents such as N2.
How soon before we graduate to the TSE? I think they have to be on the venture for a year and stay above $2/share.
Haven't seen any analyst coverage but I'm sure it's just a matter of time before Canaccord or someone like them picks up the story.
They already have operations in the US. They have just started a 22 frac program in Texas. Probably the greatest opportunity is, as you say, the eastern US where water seems to be the biggest issue to confront man-kind.
I'm very pleased with the movement today, having bought at $4.60 a couple days previously. Looks lie we have a following already.