Lightstream Resources Ltd. LSTMF

Another use for natural gas

[sumosalar]

As The Fool points out, LTS is testing a novel use for natural gas. "Carbon dioxide isn't the only gas that producers are testing. Canada's Lightstream Resources has been testing the injection of natural gas to increase its recoveries in the Bakken. The company has conducted laboratory analysis, computer simulations, and early field experiments that suggest natural gas is the key to unlocking more oil out of the Bakken. In fact, the company sees its recovery factor improving from 15% to 25% by using natural gas as a flooding agent." "If natural gas does prove to be the key, it could be a real coup for the industry. Currently, 29% of natural gas produced in the Bakken is flared away because the industry lacks the pipelines and associated infrastructure to market the gas." The turnaround in SP is just a matter of time - now is not the time to sell but rather a time to buy. GTLA