Agreed the technology is amazing!
RE:
There is some serious income to be generated,
For 2016, the IEA Oil Market Report forecasts worldwide average demand of nearly 96 million barrels of oil and liquid fuels per day – that works out to more than 35 billion barrels a year. HCD is relevant to 50% of this market. Yes, you read that correctly!
Say they only get 5% of the market (not 50% as they projected) and only 50cents per barrel. 1.75 billion barrels a year x $0.50.....$875 million in revenue....that's with the numbers being ultra conservative 1/10th of there potential market they quoted
BUT DYOR - You need big cash, lots of staff to get out there and sell/demo. This is a bottom draw no brainer for me.
Ann: Indago Acquires Utah Heavy Oil Project, page-10
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