RE:NEWShere is the news KCjones...seems like a similar issue to the last one where the pump and motor is somehow being separated. I am not technical enough to know about the threading but hopefully they have some smart folks working on it to get us back down hole asap. It is very good news that the acutal motor technology seems to be solid. Gilette operations set another record month...Q2 should be good on the top line...lets hope they can bring in a bottomline that shows continued margin improvement. I continue to pick away down here...GLTA C1
Divergent works on improving pump shaft
2016-07-20 08:34 ET - News Release
Mr. Ken Berg reports
DIVERGENT ENERGY SERVICES CORP. ANNOUNCES UPDATE ON LINEAR PUMP
Divergent Energy Services Corp. has provided an update on the status of its linear electromagnetic submersible pump.
Linear pump update
As outlined in the June 24, 2016, press release, the corporation has been waiting to remove the pump from a well following several procedures undertaken to ascertain the reason for the well not producing fluid when the pump appeared to be functioning normally. The pump has now been removed from the well and it has been determined that the pump and motor had decoupled, however, Divergent's unique electromagnetic motor itself had continued to perform as expected.
To address this situation, a number of specific improvements have been identified for the pump shaft that will increase its strength, including higher strength steel and use of a different type of thread to connect to the motor. These improvements are under way and will be implemented for the next installation, expected before the end of August. Since the motor was not linked to the cause of the decoupling, no design changes are required to the motor itself.
Further updates will be provided as events unfold.
U.S. operations update
Divergent's U.S. operations in Gillette, Wyo., had record levels of activity in June, positioning the corporation well to deliver strong second quarter and full-year 2016 performance. In addition, the corporation confirms that the previously announced sale of its Gillette facility has successfully closed, generating net proceeds to Divergent of approximately $400,000 (U.S.), which will be utilized to meet continuing working capital requirements. Earlier in July, the corporation completed the move and transition to its new, larger facility which is anticipated to enable Divergent to expand operations.