To: JD who wrote (2886 ) 3/18/1998 12:33:00 AM From: gtoland Read Replies (2) | Respond to of 6464
FYI Yahoo post, this is interesting. This is from Zekel I heard about this company last week when I received an email from Joe and Ron Holland to call them to discuss this business venture they have with Southern States. Southern States Power Company is an offshoot of Southern States Gas & Oil, a very small outfit out of Shreveport, Louisiana (total employees is 3 or 4 people from the info I can gather). The main guy is Bill "Stretch" Fowler who has been working closely with Joe over the last several months. Stretch got on a conference call with me, Joe and Ron Holland last Thursday to discuss a possible venture where they would take one of our 500bhp compressor engines (non-turbocharged), retrofit it with the Pulse Technology, and prove the cost savings to us (I am part of a large gas pipeline company, based in Houston). We ended the conversation with an agreement to talk again, when I can get the chief engineer for our company available to talk. At this point the talks are VERY PRELIMINARY (i.e. two calls). The implications for our company is huge -- 10% savings on 30 BCF of fuel burned every year would translate into $6 million dollars (at $2 gas). Joe has offered to do all of this at no cost to our company, only in return he would ask for a cut of these savings (no details/specifics yet). Back to Southern States: they have formed this energy partnership to test out their technology on Power Generation units. The idea is to hook up a small cogen unit to the production which SS Gas & Oil has (about 7000 mcf per day) to generate electricity and resell the electricity to the power grid. My guess is that a portion of the revenue generated by Joe's technology would be shared with BAT. For this size unit the revenue dollars are probably miniscule, but getting his foot in the door is the idea. Once it is proven, Stretch will go out and market this to other Power Generation companies down the road. In my research, I have only been able to find a phone number for this company. There is nothing in the trade papers (which our company subscribes to heavily) that has any info on Southern States. I have drawn a complete blank, which concerns me. The ownership deal with BAT I do not have any specifics other than Joe was telling me that they were getting ready to set it up last week. I hope this info is useful in some way. regards; zekel This is very interesting IMO gary