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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: Galirayo who wrote (20363)11/21/2006 12:59:31 PM
From: Sergio H  Read Replies (1) | Respond to of 23958
 
Ray, I noticed that my charts disappear the next day after I post them. I haven't a clue why. My apologies to the thread.

Kudos again to Cary for his behind the scenes picks.

Message 22914592



To: Galirayo who wrote (20363)12/3/2006 2:52:11 PM
From: Sergio H  Respond to of 23958
 
Ray, PDRT still has some problems to resolve, but its looking less speculative and more attractive.

Recent research notes:

<The company's unique hard rock drilling system bored through a 92 foot section in seven hours. Problems with the injection system arose at that point. Specifically, the pump used to circulate the shot overheated when its own cooling system failed. The company repaired the problem once but it re-occurred, causing the well operator to call a halt. All the complicated systems worked well. The shot recovery and separation unit that foiled a previous test performed flawlessly. The drill bit looked virtually new after the drilling was finished. And the rate of penetration was more than 3x faster than the conventional drill bit that was installed after Particle's came off.

Another well is scheduled to begin in 2-3 weeks. The company probably will bring an extra pump to that location which it can swap in if the first unit struggles. A completely new pump system is in development and could be implemented early in 2007. That approach also may reduce capital costs significantly. Several other drilling companies are believed to be in negotiation with Particle, moreover. Those projects could begin early next year. The company obviously still has some bugs to resolve before the technology becomes a smooth sailing success. The key obstacles appear to have been overcome, though. A huge market beckons. Alternative technologies are nowhere to be seen. Patent protection promises to thwart direct competition. >