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Microcap & Penny Stocks : VLVT (was CSMA)

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To: trofala who wrote (11085)3/4/1999 1:18:00 PM
From: trofala  Read Replies (1) of 11708
 
<<<The well is operational...>>>

well of course, see what is posted in the subject:

<<<EnviroTec manages a class II disposal well in Utah. It is currently
profitable charging between $0.40 and $0.70 per barrel. At the time of writing this, CSMA is in the process of applying for an upgrade of the well to class V. This will enable disposal of different types of
hazardous waste, and also result in an increase in the charge per barrel from current levels to the $16.80 to $29.40 range. If approval goes ahead from the EPA and Utah state authorities, the disposal well has to have some reworking done before commencing Class V operations, but this will not be a significant cost in relation to the expected
increased revenues. The current production of waste in the area around
the disposal well significantly exceeds the available disposal facilities and there are no class V wells for a significant radius>>>

and if someone is inquiring about the well:
Trucks pull-up and unload I imagine. Someone must sign some paper work about the load delivered. I just wanted to see if it is open and has actual employees (11073)...). I want to know if there is a hole in Utah that some type of waste gets put in (11071)...but at least I can tell if it is open for business(11069)...

and a partial reply was:
"The well is operational ---but---There has been no activity around the well for months. I do not know what the holdup is, but if they ever do start pumping, the income will be pure profit"

I was not trying to say that the statement was incorrect. I was trying to point out that the well can be operational for one type of waste and not the other and the difference in profits (see subject post). At present, if i saw a truck pull up to the well site, unload, and see the process of the pump(s) inject fluid(s) into the injection well, I could not tell whether that fluid was class II or V.

I rather see a permit issued by the state of UTAH saying that the well was able to accept what class of fluids.

ray
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