My post on AOL;
Have a good week end all.
Subj: RNTK
Date: 12/06/97
Ladies and gentlemen,
I ve been in this since April and made a sizeable buy because I like the story and the technology, the propriety technology backed by US patterns, in RNTKs iron based catalytic conversion of natural gas and the bottom, converting it in to high grade diesel oil , that is non hazzadrous and environmentally safer than current grade diesel oil.
I also like the fact that the CEO a Cornell grad, has been in this for over 15 years with a dream, for truely he believed in this and spent his entire life on it. Not a sham , not a pump and dump and sell out, Kind of people I like to do business with , not flash , just modest people with focus. Very unlike me,,,,<g>
The recent Bloomberg Conference at 499 Park Ave, where RNTK was invited to speak with peers such as SLHO, BP, Chevron, Exxon and Texaco opened my eys as I heard Bechtel chief engineer, BP vp of oil and gas development. ceo of SLHO and on and on, front of Morgan and Salomon, the eventual financiers of these projects.
All of RNTKS competitions uses cobal catalytic process that has no pattern rights what so ever.
Whats the diffrence between cobal and iron ?
cobal captures only the natural gas but it captures well up to 90%, whereelse RNTK catches up tp 80%. For RNTK to capture 90% they need an oxygen booster, which will cost extra 5 mil USD per plant. At same time the advantage of RNTK over cobal is that they can catch same 80% from less desirable bottom or heavy mixtures effeciently.
In other words as cobal base will only concentrate on natural gas wastage and the elimination of the environmental waste continues to get dumped where RNTK will improve 20 % over cobal in processing these less desirables.
The majority pocket capture of world natural gas sizes some where between mass production and not worth bothering is where RNTK will find its niche. Looking as a pyramid shape, at the base as it gets wider is the ares RNTK will specialise with less than 5000 per day bbl size production and these base area represents 65 % of all the natural gas pockets identified by the oil industry and they range gepgraphicaly from Iceland to Antartica.
The focus here than is as follows, put out by the Dept of the US Energy.
The current wastage in oil production through burn off is 25% of all the world supply...
Capturing of the current wastage will prolong the world oil supply up to 50 years.....
COs using cobal will go for top tier of the pyramid at 5,000 bbl and over and it will cost between 1.5 to 3 billion dollars to build such a plant and will take years to amortise, and once those wells has been depleted Hallas (finised in Arabic) Where RNTKs plant will cost average of 350 mil to 500 mill USD for capacity up to 5,000 bbl per day. The indudtry sources put recovered oil at 22 per barrel.
There are other technical and economical issues and you can find these at gastoliquids.com
oil.com
slho.com (Trading at 54 after hitting high of 100, with less earnings than RNTK with real @%#$ty MM participation
Page bp.com (Has a running plant since 1981 at a cost of 375 mil which produces 70 BBl p/d)
chevron.com ( they have a huge plant in Malaysia that produces 5000 per day?
Now Texaco, I think with their recent acquisitions in Bajikstan and Kajahlstan can use RNTK very effectively IMHO.
texaco.com
Also go to bechtel.com Bechtel Corporation and go to experimental oil and gas technology.
sasol.com a S African co actually making money from gas to liquids.(Go see an incredible jorner and see how they move these plants, also imagine a logistics from turnkey bases crossing an ocean to job site)
Remember all of them uses cobal base catalyst, where else only RNTK uses iron. Easy to build, cost nothing(In terms of license and material costs), and effective in all phase of capture through all grades of feed stock and can be located any where geographically and rapidly.
Joe TPRO
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