Wescorp Energy (OTCBB: WSCE) Closed at $0.41. Today announced that Total Fluid Solutions Inc. (TFS), its wholly-owned subsidiary, has signed a master lease agreement with an oil and gas company with operations in Texas, Kansas and Wyoming, to use TFS's safe, effective and economical process for cleaning and separating oil from produced water. Under the terms of the contract, Wescorp Energy will construct, deploy and operate up to 256 water remediation units and provide trained technicians qualified to operate and service the equipment.
The lease rates for this contract will provide Wescorp with a full return of capital expenses and each unit will provide positive cash flow in less than 12 months. Under the terms of this contract, there are 5 standard through-put or volume capacity designs for the water remediation units being 200, 500, 1,000, 2,000 and 5,000 barrels per day (BBLS/day). The daily lease rate is determined by the through-put capacity of each particular unit, with rates ranging from $900 to $2500 per day.
"This order for up to 256 of our patented water remediation units is monumental for Wescorp," commented Mark Norris, Chairman of Wescorp Energy and former Minister of Economic Development in the Alberta Provincial Government on the completing of the lease contract. "The anticipated reoccurring revenue from these units is expected to allow the company to grow by quantum leaps.
This technology has been designed and constructed to operate in oil and gas fields for the life of the producing wells - often as long as 15 or 20 years. We believe that this large initial order, primarily based on results from our 2,000 barrel-per-day commercial test unit, will lead to strong product acceptance by the industry. By reducing the amount of hydrocarbon in the produced water, this technology reduces environmental liabilities, the frequency of service and repairs on disposal and injection wells, and recovers additional hydrocarbons. Environmentally conscious companies are winning by reducing operation costs and increasing operating margins."
What They Do: Wescorp Energy is an oil and gas operations solutions company focused on commercializing technologies that overcome tough operations challenges facing oil and gas operators today. Wescorp combines its intellectual capital, oil and gas industry experience, best practices methodologies and its market offerings to deliver these solutions in a timely, economic and environmentally friendly manner.
What They Do: Wescorp Energy is an oil and gas operations solutions company focused on commercializing technologies that overcome tough operations challenges facing oil and gas operators today. Wescorp combines its intellectual capital, oil and gas industry experience, best practices methodologies and its market offerings to deliver these solutions in a timely, economic and environmentally friendly manner.
How They Trade: WSCE has a 52 week high of $0.51 and a 52 week low of $0.33. Volume averages approximately 146K shares a day.
Eden Energy (OTCBB: EDNE) Closed at $0.36. Announced yesterday after market close a corporate update on the Company’s exploration and development programs. The Noah Project in Nevada has been a primary focus of the Company since its inception in 2003. Starting with the groundbreaking work of Dr. Alan Chamberlain of Cedar Strat Inc., Eden matured the Noah project into a high quality drillable target. In April of 2007 the Company announced a farmout and joint venture agreement with a large Texas-based private company for the drilling of the Noah project. In April 2008 the Company announced that the Noah well had been plugged and abandoned after reaching a depth of 7,080 feet.
Subsequent to the Noah well drilling and after a careful review of the technical aspects of the Cherry Creek project the Company has decided not to pursue further activities and will not be renewing leases it holds in the project area. Eden Energy has participated in the drilling of two wells at Chinchaga in northwestern Alberta and has an interest in approximately 23,000 acres in the area. Both wells have been plugged and abandoned, however the Company views this area as highly prospective and will continue to monitor industry activity before making a decision of further drilling.
The White River Dome project in the Piceance Basin has become the Company’s primary focus. The White River Dome project combines good commercial returns while providing a large number of low risk development locations. Under its Drilling and Development Agreement, Eden may continue to drill wells and earn acreage in the federal exploratory Ant Hill Unit.
What They Do: Eden Energy Corp. focuses on large scale oil and gas projects with significant resource potential. Its current focus is the development of the White River Dome project in the Piceance Basin, Rio Blanco County, Colorado.
How They Trade: EDNE has a 52 week high of $1.20 and a 52 week low of $0.23. Volume averages approximately 149 shares a day.
Del Global Technologies Corp. (OTCBB: DGTC) Closed at $1.55. Today announced that it has signed an exclusive agreement with New Medical Imaging (NMI) of Taiwan, ROC, to sell and market NMI’s Gemini family of full-field, portable DR flat panels in the Americas. Del Medical will feature the Gemini flat panels at booth #738 at the AHRA 2008 Annual Meeting and Exposition, held July 27-31, 2008.
The Gemini flat panels are easily integrated into Del’s tables, which allows existing customers to upgrade or field retrofit their digital imaging systems. All of the Gemini products feature the latest flat panel technology and are DICOM compatible. Lightweight and portable, these flat panels facilitate multiple applications, while ensuring patient comfort and safety. Sharp, clear images appear on the screen in a matter of seconds resulting in significant workflow benefits.
What They Do: Del Global Technologies Corp. is primarily engaged in the design, manufacture and marketing of high performance diagnostic imaging systems for medical, dental and veterinary applications through the Del Medical Systems Group. Through its U.S. based Del Medical Imaging Corp. and Milan, Italy based Villa Sistemi Medicali S.p.A. subsidiaries the Company offers a broad portfolio of general radiographic, radiographic/fluoroscopic, portable x-ray and digital radiographic systems to the global marketplace.
How They Trade: DGTC has a 52 week high of $3.40 and a 52 week low of $1.15. Volume averages approximately 7K shares a day.
DigitalPost Interactive (OTCBB: DGLP) Closed aqt $0.09. Today announced the launch of Qwik-Edit(SM) -- a new, user-friendly photo-editing solution for its re-brandable digital media-sharing platform. This exciting new feature enables even the most novice Internet users to enhance their favorite family photos in one, easy step -- no downloads or special skills required.
Designed to work within DigitalPost Interactive's easy-to-use digital media-sharing platform, the new photo editor contains Crop, Rotate, Tint, Lighting, Auto-Correct, and Red-Eye features along with unique personalization tools for creating custom photo borders. Beginning today, users of TheFamilyPost.com and private-label versions of this compelling family website service can edit any photo posted on their site without the need for additional programs or third-party applications.
What They Do: DigitalPost Interactive is a SaaS (Software as a Service) and application provider that delivers B2B and B2C digital media-sharing solutions that are both easy to offer and easy to use. The company's visually-stunning, user-friendly Web 2.0 technology gives consumers a single, engaging place online for permanently storing and sharing a lifetime of digital media and memories, connecting with family and friends, and keeping organized in today's digital world.
Source-transworldnews.com
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