Excellent information in the two videos, HIGHLY RECOMMENDED VIEWING
My highlights
Confirms why the share price has been in a sustained dive. Simply put the market for high priced ceramics has disappeared with oil under $60/bbl
Where fracking sand is imported i.e. Australia, Middle East and Canada. LWPs newly developed and patented low priced ceramic proppant is price competitive. Its production cost under 10c/lb is less than the cost of shipping imported sand.
It has substantially better conductivity (oil and gas flow rate)
And lower density. Lower density makes it cheaper to both, transport to the well and flow into the well in the fracking process.
This product will be an easy sell to a cost driven oil industry
IMO In regards to share price this puts LWP back in the 1c plus valuation, as it was when the pilot plant was proving scale up of the first product specification. We are now proving up a new product that has a strong demand in a low oil price environment.
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