My findings show that OILS technology does not infringe on any of Exxon's patents. If you have any proof that shows otherwise please post it as there is no room for conjecture when your making serious investments and your money, and OPM, is on the line. If you are going to proceed with a general policy of misinformation and bad mouthing please stick to the RNTK site, or try to swing potential investors from somewhere else to to pump your stock up.
Regarding OILS GTL technology being out of the gate. Here is a previous NR.
Automated Transfer Systems Signs Agreement With Major Oil and Gas Producer to Develop Gas-to-Liquids Technology
DENVER, Sept. 25, 1998 -- Automated Transfer Systems Corp. (OTC Bulletin Board: ATNY) today announced that a subsidiary, Carbon Resources Limited, has signed an agreement with one of Canada's larger oil and gas producers to develop CRL's proprietary technology for converting stranded natural gas to clean-burning petroleum fuels.
The agreement, signed with Renaissance Energy Limited in Calgary, will lead to construction, in Alberta, Canada, of a demonstration plant equipped with CRL's cold-plasma gas-to-liquids technology. Renaissance will provide the stranded gas well for construction and testing of the plant, assist CRL with regulatory requirements of the Alberta Energy and Utilities Board, and, assuming favorable test results, will consider licensing the technology for use at selected gas wells in Alberta.
The plant, due for completion in April, 1999, will be engineered by Bower Damberger Rolseth Engineering Ltd., a privately owned oil and gas engineering firm in Calgary.
"We are very excited about completing this agreement with Renaissance Energy," said CRL president Thomas Cooley. "We believe this collaboration may lead not only to a considerable revenue stream for our company and licensees around the globe, but also to a reduction in natural gas being released into the atmosphere."
Natural gas, when vented or flared to the air, is a major contributor to atmospheric carbon dioxide and resulting increases in the planetary greenhouse effect.
The worldwide market potential for the gas-to-liquids technologies aimed at reducing this effect is estimated at more than $175 billion USD annually.
Renaissance Energy Ltd. trades on the Toronto and Montreal Stock Exchanges. In fiscal 1997, the company had revenues of $790 million and net income of $115 million.
Bower Damberger Rolseth Engineering Ltd. has built and managed more than 300 oil and gas facilities in Western Canada over the last 15 years.
Automated Transfer Systems Corp., which owns a 75 percent interest in Carbon Resources, is a Colorado corporation headquartered in Calgary with offices in Houston and London and an R&D affiliate in Orleans, France.
This document contains forward-looking statements. There are certain important factors that could cause results to differ materially from those anticipated by the statements made above. Additional information on these and other factors are included in the company's Private Placement Offering Circular, dated August 10, 1998.
SOURCE: Automated Transfer Systems Corp.
The completion date has been set back to Nov. 99 but their technology has already been tested successfully in France on a smaller scale.
I believe OILS to be very oversold right now and that we will see a rebuilding of the stock as this company has a lot of more good news to come out. I am in this one long and even though they have been hit hard I believe fudamentals are still excellent.
Regards,
Nexnet
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