Yes agree the market is coming out of recession, driven by the rise in both current oil price and projected future rises.
Conventional proven oil reserves deplete by approx. 5% annually. Unconventional oil and gas is becoming, the economic choice to replace reserves, and they require proppants
LWPs new LSP is positioned to grab a big slice of the sand proppant pie (sand is 85% of the entire proppant market)
Very keen to see the conductivity results (ISO 13503-5 from Stim-Labs) due this week I think.
Prospective licensees will regard having both ISO 13503-2 and 13503-5 as due diligence items before proceeding
LWP Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
