SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Solv Ex (SOLVD)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: David Coakley who wrote (2709)5/5/1997 4:37:00 PM
From: John T. Gelert   of 6735
 
Hello everyone,

I just thought I would clear up one lie that Paul Richards keeps harping about. I talked to my market maker broker today. Here are a few facts I was unaware of:

1. Solv-Ex does have permission to produce up to 100,000 bpd of oil right now with their current permits. If they exceed this, then they would need to apply for higher limits.

2. The reason Solv-Ex used a temporary boiler was because the main boiler was held up in customs for at least 30 days. Thankfully, they are installing the real thing now and should be in production this month.

3. Solv-Ex has the only technology that can extract bitumen out of the lowest grade levels of the tar sands. The other companies have to remove these layers, and then fill them back in later.

4. The processing capacity of the log washers proved to be much greater than anticipated. This will allow Solv-Ex to eventually add more processing equipment and reach even higher bpd volumes.

Sincerely,

John Gelert
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News