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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 Onedaylateon Nov 19, 2016 12:12am
101 Views
Post# 25484120

I have a sinking feeling

I have a sinking feelingthat Rustycat is right. I bought into this company on outstanding results with well tests of their horizontal well bore pump. Those numbers were bogus. Pump failed imediately apon start up.
So they are suposed to have reworked the design, revamped materials, and retested the pump.
This time all they care to tell you about is how easy the pump slides in and out of the well.
Many months go by and no new tests. No new test results. Just a little tidbit about figureing out how to make these pumps comercially available.
Really? ......... If the pump actually did work, and it did confirm their working theory that oil needs to be "swept along" the horizontal portion of the well bore, then flow tests will results need to be made available for us long time holders. I mean it is my experiance that success has a way of finding it's own way to solve problems. Just let er buck!! It is way easier to find answers to questions with money in your pocket. 
So because they are still holding out with news on the pump, tells me it was all for nothing.
Sorry, I hate being that guy who farted in polite company.

Bullboard Posts