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From what I read it appears to produce significantly more from each well. If they can stay alive untill one or more major producer(s) agrees they could grow rapidly.
There has been so much bad publicity including environmental concerns about the toxic water farcking produces that the gel technology might satisfy everyone's take on fracking. North American has an abundance of natural gas and China needs it so if we can make it work it and appease the environmentalists it should be a win/win.
leadership changes and slow adoption create good buying opportunity in a market where water use is a challenging issue
new tech saves H2O and toxic waste
"Propane costs more than H2O so with low NG prices Gasfrac will loose." FALSE! Propane fracking produces more NG from well over time so it is cheaper than H2O tracking, Also can be received from well and sold. Low NG prices GOOD not bad
Their technology directly addresses a major issue with hydraulic fracturing in oil or gas wells, that of wastewater disposal, by totally eliminating this issue! A secondary benefit should be increased yields when there is no residue clogging up the newly opened fluid paths. When a polar fluid (water) meets non-polar fluids (oil) in the presence of surfactants (think soap or detergents) a residue (think of soap scum around a bathtub) can result. If their business plan and marketting is as well thought out as their technical approach, they should be very successful.
Nice new tech.The market is just soooo impatient;)
LPG injection for fracking
game changing tech
Fracking oil and gas wells has brought oil and gas wells back to life all over the world, increasing known reserves tremendously. The problem is that each well uses millions of gallons of water loaded with brine, chemicals, and biocides which then has to be pumped out, trucked away, and disposed of. Gasfrac fracks wells with a proprietary process that uses no water. Instead, the fracking fluid is LPG which provides better yields from the well as well as eliminating the need to transport, contaminate, and then dispose of large amounts of water.They've already done 1000+ wells by the end of 2011. They're adding production capacity as fast as they can.
looks good to me. My broker won't let me buy this stock in my real life account
LPG for fracking process, maybe novel technology. Uses far less material than wsimilar water based process.
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