Post by
In4abuckor2 on Jun 23, 2009 12:14pm
UpGrader
This upgrader they are going to build for Norther Alberta Oil is expected to be complete by April/July 2010.
(12 to 15 months from March News Release.)
I would expect that this project is really going to put their technology on the map, so to speak.
I assume this will become somewhat of a working show piece for the company for other oil and gas companies to see operational and as a financial gain. (even if only on paper), but it will be an operation system. Should be a no-brainer to get them going in the oil industry and open a bunch of eyes as to their technology.
Do they need the debenture fund money to complete these projects or can they be completed with cash in hand and through the agreements?
It seems to me that this company is getting pretty close to finally taking off. I have been investing in this company since the $0.38 / SYNGAS days. I bought at $.38 cents , a few months before the review by POWERSTOX.COM (2006-11-12) identifying a 12 month target price of $2.76 a share. I still have the report on file.
After the reverse 20:1 split, that would be an equivalent target share price of $55.20/share.
I wonder if that still holds true now that they appear to be getting underway with actual construction and implementation.
Would be nice.
In4abuckor2