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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (181762)	12/17/2013 8:37:22 PM
From: WillW	Read Replies (1) \| Respond to of 206203

Ed, what's the salt water disposal cost for these Hunton wells? I have followed Sandridge for a while and I'm wary of putting carbonate plays in the same boat as shale. They are quite variable across the same formation.

To: Ed Ajootian who wrote (181762)	12/18/2013 4:15:10 PM
From: Bridge Player	Read Replies (2) \| Respond to of 206203

Re: RDX Technologies: RDX.V News announcement Ed, I believe it was an early post of yours on this company that brought it to my attention a year ago or more. Today's news announcement appears to be highly encouraging (IMO). RDX Technologies Announces Industrial Franchising Program SCOTTSDALE, AZ , Dec. 18, 2013 /CNW/ - RDX Technologies Corporation ("RDX" or the "Company") (TSXV: RDX, OTCQX: RGDEF, FSE: RL7) a technology driven company operating in the waste water industry, today announced the launch of its Industrial Franchising Program for waste water owners and operators in the United States . RDX Technologies Corporation announces the launch of its Industrial Franchising opportunity in the United States , which provides an opportunity to own and operate RDX equipment and systems, for qualified owners and operators of waste water collection or treatment plants in the U.S.. The Industrial Franchise opportunity will also be made available to waste water generators that produce in excess of 10,000 gallons per day of industrial process or waste water. The Company has been developing a beta testing program since July of this year, concentrating on the Company's waste water mining operations. Water mining operations produce materials that can be converted to fuel, and then delivered to RDX energy customers. The Company will be highly focused in developing franchises within the waste water industry that center on interceptor, food processing and packaging, slaughter operations; as well as franchise areas where water recycling has developed above normal economic value for the Company, including oil and gas operations where water is not only to be treated, but then sold for reuse. Each location, (operation) will be sold and licensed separately. The Company has hired legal counsel that specializes in franchise regulations to guide the Company through registrations and franchising regulations. RDX has been in confidential discussions with potential franchise operators since July of this year, and conducted a "beta" test sale in the second fiscal quarter of this year. Franchise location and planning in Virginia , North Carolina , South Carolina , Georgia and Florida are well developed at this time. In addition, the Company has chosen to concentrate initial locations at or near RDX energy customers, currently located in Virginia , South Carolina Texas, and Florida . Priority is given to locations that are currently operating waste water facilities, and companies that operate waste water pumping fleets. Franchise costs and operating expenses can vary greatly from location to location, and are based on population, transportation costs, labor costs and regulations. The Company estimates that most Industrial Franchises will be contracted between $ 740 thousand to $ 2.2 million dollars per location. The average facility size offered by RDX will be 25,000 to 250,000 Gallons per day of treated waste water. The Company has developed a back log of nearly $ 9MM, for five beta locations, in the Western U.S., which operating equipment is expected to be completed and delivered this year. To date, the Company is giving guidance of 26 location openings for calendar year 2014. Commitments for locations in 2014 are expected to increase, but factors such as regulatory filings, securing locations, and meeting local water discharge regulations may delay specific sites as those sites are developed. The beta locations include a mix of currently operating waste water plants and new locations. The first beta group locations are not franchised, but straight sales of operating equipment, under license agreement. The beta operating locations for the current quarter are currently serving approximately 600 waste water generators. Franchise locations will be developed but not sold until all Federal and State required disclosures are completed, and filed as required by law. The Company expects to have completed registration requirements no later than mid-February of next year. Certain States with complex registration requirements may exceed the February timeframe. The Company has set a specific goal of opening 300 Industrial Franchise locations (including the five beta locations announced today) through the end of the 2016 calendar year. The Company wide goal is based on the Company's estimation of the growth of energy customers and current high demand for RDX methyl ester based liquid fuels. The Company sees substantial growth opportunities in 2014 and beyond in areas not served by pipeline or compressed natural gas or in temporary and transient power and heat delivery installations ................. ................. ................. (more here:) finance.yahoo.com