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Technology Stocks : OILS - OTCBB: bringing stranded natural gas to market -- Ignore unavailable to you. Want to Upgrade?

To: charlie mcgeehan who wrote (261)	6/10/2000 10:43:00 AM
From: Salt'n'Peppa	Respond to of 275

Morning Charlie. My take on OILS is that we are going to see a speculation run-up over the next two weeks, as the world becomes aware of their activities. As you may be aware, Synergy received a significant grant from the Canadian government to fund their research. I am told that the Minister for Natural Resources will be showcasing Synergy's technology at the World Petroleum Congress this week. The CPJ heavy oil pilot plant is working very well and their skid mounted Syngen gas pilot plant is moving along nicely. The CPJ pilot plant does need to be scaled up for commerciality, which, according to the company reports, will take about a year. The Syngen unit should be ready for sale in just a few months. This little company has come a long way in the last few years and is still in the development stages, but I believe that starting this week, they are ready for the next phase of share appreciation, which is why you and I are here! LOL I have bet a significant portion of my ELH profits on it, anyway. Have a great weekend. S&P

To: charlie mcgeehan who wrote (261)	7/6/2000 12:00:20 PM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 275

Synergy Technologies Corporation Completes $2.25 Million Private Placement Financing CALGARY, Alberta, July 6 /CNW/ -- Synergy Technologies Corporation (OTC Bulletin Board: OILS - news) today announced it had completed a $2.25 million convertible note financing led by Belle Haven Investments of Greenwich, Connecticut. Under the terms of the financing, the notes are convertible into equity units consisting of one share of the Company's common stock and two warrants to purchase additional shares of its common stock at $4.00 and $8.00 respectively. The notes are convertible at $3.00 per unit. Funds from this offering will be used for the continuing development of Synergy's two proprietary technologies. Synergy Technologies Corporation is focused on the development of energy related technologies. Field trials of its patented SynGen reactor are currently in progress. The reactor utilizes a cold plasma technique called "GlidArc" to create syngas for use in a multitude of applications. SynGen is the first step in Synergy's two stage Gas-to-Liquids ("GTL") process. The second step in the process employs Synergy's proprietary hydrocarbon chain limiting catalyst for use in a Fischer-Tropsch ("F-T") reactor. Upon completion of the SynGen reactor field tests, Synergy will construct a Fisher-Tropsch reactor to mate with SynGen to demonstrate the production of clean burning synthetic diesel and gasoline. Synergy's proprietary catalyst when used in a F-T reactor produces sulfur and aromatic free diesel and gasoline, eliminating a third step found in competing processes which requires hydrocracking of the waxy paraffins in order to produce saleable liquids. By using its compact SynGen reactor in combination with its proprietary catalyst to create a two-step GTL process, the capital cost of Synergy's GTL plant is estimated to be some 30% less costly than competing processes. The SynGen reactor can also be optimized to produce hydrogen for industrial and petrochemical applications, as well as for stationary and on- board fuel cells. SynGen is highly scaleable and Synergy will be prototyping the reactor for automotive as well as other applications. In addition, Synergy has completed substantial internal testing of its CPJ heavy oil upgrader and will release results in the near future. Synergy commenced testing heavy crudes for potential clients in June 2000. "Synergy is pleased to be to be working with Belle Haven Investments," said Synergy President, Cameron Haworth. "This financing will facilitate the Company's' ability to complete the scale up of its two technologies and bring the Company closer to achieving its intended goal of a NASDAQ listing."

To: charlie mcgeehan who wrote (261)	9/19/2000 9:52:56 AM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 275

Synergy Reports Successful Heavy Oil Upgrading Tests; Results Rival or Exceed Effectiveness of Competing Technologies CALGARY, Alberta, Sept. 19 /PRNewswire/ -- Synergy Technologies Corp. (OTC Bulletin Board: OILS - news) today said it has achieved ``excellent'' results from the testing of its proprietary CPJ process for the upgrading of heavy oil to more valuable lighter oil. The tests, whose products were analyzed by the Canadian and Alberta governments' research alliance, the National Centre for Upgrading Technology (NCUT), found CPJ scored high marks in major criteria usually used to evaluate the effectiveness of heavy oil upgrading processes. Specifically, CPJ successfully upgraded a 13 API gravity heavy oil to 30-plus API gravity lighter oil while achieving liquid volume yields of over 90 percent and roughly a 50 percent reduction in sulfur content. Liquid volume yield, or the portion of lighter oil actually produced from a given volume of heavy oil, usually measures 70 to 80 percent in conventional heavy oil upgrading processes. Reduction of sulfur content makes an upgraded lighter oil less polluting and significantly more valuable than the original heavy crude. In addition, said Synergy, the tests substantiated CPJ's unique ability to maximize production of specific, higher value distillates such as diesel and naphtha, while minimizing production of the vacuum gas oils, and ``bottoms.'' In effect the CPJ process can tailor upgraded heavy oil to suit refineries with regards to product slate. Finally, said the company, CPJ's upgraded heavy oil can be pipelined to refineries without the addition of costly condensate diluents currently used to reduce the viscosity of the heavy oil blend to meet pipeline specifications. Heavy oil currently requires 30 to 40% condensate to be added as diluents. The testing was performed at the company's laboratory facility in Calgary by Synergy's subsidiary, Carbon Resources Ltd. CPJ utilizes an instantaneous thermal transfer in conjunction with mechanical shear from high temperature steam, rather than injected hydrogen gas, to split the very large hydrocarbon molecules comprising heavy oil, forming lighter oils. As a result, the technology is believed to offer up to 70 percent savings over competing technologies. ``We are very excited about our heavy oil upgrading test results,'' said Synergy CEO John Gradek. ``We are highly confident these findings will play a major role in accelerating the licensing and commercialization of this outstanding technology.'' High API gravity oils are more easily transportable and thus, more readily marketable than lower API gravity oils. Thirty-plus API gravity oils generally elicit relatively higher per-barrel prices when purchased for manufacture of gasoline, jet fuel, diesel and other widely used fuels. Upgraded heavy oil, which currently makes up 6 to 10 percent of the 75 million barrels per day of worldwide oil production, is expected to increase to 25 percent of worldwide oil production over the next decade. Synergy Technologies Corporation is a technology development company with a focus on bringing new, energy-related technologies to market. The National Centre for Upgrading Technology (NCUT) is Canada's leading government institution providing research and technical services to Canadian companies engaged in the heavy oil industry. Additional information on the organization can be found at www.ncut.com.