Post by
Lionheart1 on May 07, 2008 9:48pm
Jain & PyStR
I have followed this company and I am impressed with the people and the PyStR hydrogen from Pet Coke. Right now they are lean and mean no money is wasted on perks.
I like this Race horse!!! here is why!
Lets see now pilot plant for PyStR is in Edmonton, Alberta and a solid source says that the the demo plant is about 65% complete, I know they tested the pilot for several years and it was sucessful. Now look at this all of the major heavy oil project need hydrogen to upgrade heavy oil to light oil , right now they use natural gas to make hydrogen and this is very expensive, Energy Quest states in their press release that 1 tone of pet coke processed by PyStR will make enough hydrogen to upgrade 70 barrels of heavy oil, I also know that all of these upgraders spend millions every day to make hydrogen, Syncrude, Suncor , Shell, Petro Can, Husky.
It all adds up there are millions of tones of Pet Coke stored in Ft-Mac, Alta, this is waste stream for those big oil Co's,> My prediction is that 3rd quarter you will see some big deals for EQST this apply's to every major oil Co in the world. I like I like it a lot. Just read between the lines on the EQST press release about PyStR.
The rumor I hear from a source which I trust is that Jain will soon be the Chairman of EQST, why would he invest $120 million big ones with a $50 dollar conversion option. Answer = Hydrogen + upgraders= big business.
Energy Quest is very carefull and quiet You know the saying " Silence is Golden"
IR well right now they choose to play the cards close to the vest
I think in the next 30 to 60 days it will make sense
Comments
Comment by
General on May 07, 2008 10:01pm
Thanks for the reply. (informative)