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Divergent Energy Services Corp V.DVG.H

Divergent Energy Services Corp. provides fluids management products and services for the water, gas, and oil industries, through its wholly owned subsidiary, Extreme Pump Solutions LLC. The Company is engaged in the business of providing artificial lift products and services to its clients in the oil and gas industry in the Northern Mountain States in Wyoming and Colorado, United States. Its artificial lift system consists of electric submersible pump (ESP) systems, which are designed for downhole conditions of temperature, pressure, abrasives, excessive gas, scale, and variable flow rates. The Company’s electric submersible pump (ESP) systems are used in motors, seals, pumps, sand management, gas management, downhole sensors, variable speed drivers, and cables and motor leads. The Company’s business operations in the United States provide submersible pumps, drives and electronic controls across Wyoming, Northern Colorado, and Southern Montana.


TSXV:DVG.H - Post by User

Comment by Eagleeye2468on Jan 15, 2015 11:39pm
72 Views
Post# 23326447

RE:RE:RE:Deployment

RE:RE:RE:DeploymentOk so I had some time today again and I got some really good info about what's really going on right from the top dogs including the sales plus marketing crew out of Wyoming. Long story short I talked to these guys for hours today and I'll shorten up what I got out of this. Long term the actual pump price is expected to be 25-30,000 per new pump cheaper maybe more of a gap once they start building them with more volume. The big cost savings which most of us knew all along were in the operational costs. So ex: they have a good producing well but have to pull pump and replace the shafts once a year, this gets costly for pretty obvious reasons so this again will be the angle they are marketing. 3 pumps in saskatchewan and the other 2 plan to be tested around Gillette Wyoming once the first 3 are gone through. I talked to the guy that's going to be testing them when they come. The only holdup right now is that because the variable frequency drive controllers have never run in North america yet they have to build the software and test it. Another part of the issue is that if anyone knows anything about vfds they are designed to run motors etc things that are rotational. Remember this is a linear pump so it goes up down etc not just turning so that makes programming more difficult. I basically talked to everyone with the company that matters today and flat out said investors are getting frustrated with all the delays and they better get it together or there is going to be some big positions moving out soon and they all said their goal is still the end of January to get them in but with the price of oil etc that they are making sure this thing is absolutely perfect because let's be realistic here there's no room for error in this market. Also remember that the president is taking tons of heat from all the delays but he's assuring us all this will be done its 95% right now just finishing things up before deployment. 

With thst said make your decision either way to stay or walk I personally know the market is rough right now but this could be a diamond in the rough with the way things are and everyone trying to save money. Their goal is to go after the operational pumps with problematic wells that this technology fixes first and when the oil price goes back up start chasing contracts for new wells. 
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