CKK have amazing technology which is just about to go commercial and could potentially save the oil & gas sector billions of dollars:
◆ Offshore rig hire costs $1M/day
◆ On a standard well a company stands to save 1-2 days on rig hire by utilising CKK's Core Level Recorder System
◆ If they need to drill a side track well the company will save a further 1-2 days on rig hire
◆ At current prices a MAJOR could take CKK out and have their investment paid for in approx. 8 wells
◆ In Australia up to 100 offshore wells per year are drilled
◆ Technology is available worldwide and patented
◆ CKK is currently in discussions with a number of major industry participants regarding use of the CLRS for upcoming coring jobs
◆ Once the technology is proven to be commercially successful Halliburton, Baker Atlas or Schlumberger IMO will swoop on Coretrack
DYOR,
JB
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