What new knowledge did LWP generate? They had 0 buyers, incomplete test results and it is inconclusive whether they actually produced a viable product from their pilot plant given the haste that they decommissioned it.
Ceramic proppants using fly ash was also not a new idea. There was a Chinese research paper on the same topic released in 2013 and Halliburton had spent a number of years working on it.
LWP Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held
