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Cleantek Industries Inc V.RPC


Primary Symbol: GLKFF

Raise Production Inc is an oilfield service company that focuses on the production service sector, utilizing its proprietary products to enhance and increase ultimate production in both conventional and unconventional horizontal oil and gas wells. It provides in-house design, manufacture of patented devices, reservoir analysis, and other related services. The company segments include Raise Efficient Artificial Lift system, Horizontal Artificial Recovery Technology and Corporate. It derives maximum revenue from the Raise Efficient Artificial Lift system segment. Geographically, it generates a majority of revenue from Canada and also has a presence in the US and Romania.


GREY:GLKFF - Post by User

Bullboard Posts
Post by rustycaton Apr 15, 2016 11:41am
185 Views
Post# 24771286

The lack of judgment demonstrated in their communications

The lack of judgment demonstrated in their communicationsRaise Production is probably the most incompetent company I've ever come across at communicating what they are about and have accomplished.  Let's start with the name of the company and its products.
Raise Production: try doing a search on that name... enough said.
The Brochure, even finding it is a hardship on their website, and their emphasis on "Solar Power" is moronic.
I could go on about the most recent NR targeting their hiatus from Cenovus and giving short shrift to "The System", but I'll just post this nugget taken from their tricky to find brochure:
"
The pump has been successfully deployed in varying
and difficult well applications: deviated gas
wells, horizontal gas wells, CBM wells, shallow gas
wells and low volume oil wells.
Some of the results include:

Deployment of
Activator
HSP added 0.75 Bcf of recoverable reserves in two (
2) mature
low pressure gas wells

Activator
HSP has over 2 year run life landed in the horizon
tal of a Coalbed Methane
(CBM) well – it’s the client’s longest running pump

Average run life on pump beyond one (1) year

Activator
HSP successfully operating in the horizontal secti
on of several CBM and
horizontal gas wells"

 

Bullboard Posts