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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose94	6/16/2016 9:45:38 AM
	Read Replies (2) of 202400

I'm still hangin' on to my AXE-V position @ 15.5 cents. Acceleware oil field service and tech firm hares have climbed 766 per cent, from three cents to 26 cents, after announcing a partnership with GE to test a cleaner, greener oil sands extraction technique. Acceleware's Mike Tourigny as saying, "It's an inside-out microwave." Acceleware has a patent-pending process which is now heading into a pilot project with General Electric. Researchers around North America have been working on microwave-type techniques for heating bitumen for years, but the partnership with GE and its research centre in Calgary is new, and provided the boost to Acceleware's shares. Acceleware's oil sands extraction technique would use radio waves rather than steam to heat up bitumen and draw it to the surface, allowing operators to eliminate their need for water and dramatically reduce their greenhouse gas emissions. The system would work by lowering probes into an oil sands formation and use the probes to emit radio waves that would heat up the crude using only electricity. "If we could tap into a renewable source of energy, we could be zero emissions," Mr. Tourigny said of the method.

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