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Gold/Mining/Energy : Canadian Microcaps

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From: betchabgone	10/1/2014 9:29:23 PM
	of 817

Check out Divergent Energy Services (DVG.v) they have developed a downhole linear electric motor to work in conjunction with a conventional rod pump. The primary goal of the linear motor is to replace a pump jack and rods in deviated and/or horizontal wells. By eliminating the rod string and pump jack, the goal is to reduce all tubing and rod related failures. The motor will be attached directly to the rod pumpdownhole, and similar to an Electrical Submersible Pump (ESP), will be powered through a banded electrical cable from service. The cool part is this motor does not spin like an ESP; rather it is a permanent magnet motor and will have a similar up and down motion, and stroke the rod pump from the bottom, versus a pump jack and rods which active the pump from the top. Effectively they are targeting wells with high work over frequencies due to rod and tubing problems. The company is doing a pilot test any day now and the rumour on the street is it is with Crescent Point. The technology, if proven worthy, will be a company maker. Worth keeping a keen eye on it.

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