The U.S. has the opportunity to become more energy independent if the existing heavy oil and tar sand deposits became a more significant part of the daily oil production.
Heavy oil accounts for only 8% of our daily U.S. production, with California accounting for nearly all of the heavy oil produced in the U.S. However, there are significant reserves in many other states that have heavy oil and tar sands. PLTG is a fast growing, diversified exploration and development company. Since its major restructuring in ’05, it
has successfully acquired proven producing and proven nonproducing reserves estimated to be worth in excess of $300 mil., according to third party results. PLTG owns several oil and gas lease properties in Texas and Tennessee, is expanding into Oklahoma and is currently producing oil in one field. It also owns leases for which it is obtaining drilling permits. In addition, PLTG has an additional 20,000 acres under varying lease terms in the Palo Duro Basin and is uniquely positioned because it owns the rights to German-inspired, proprietary enhanced auto recovery technology that allows for cost-effective recovery of untapped reserves that exist throughout the world. PLTG has been able to capitalize on years of relationships with innovative suppliers
of new technology for treating heavy hydrocarbons both on the surface (tar sands) and in down-hole formations. PLTG has exclusive representation, marketing and distribution
rights to a proprietary TPU (Thermal Pulse Dynamic Lifting Unit) technology application to recover heavy oil. The TPU technology combines conventional compression and pumping ability in a very novel way. The device combines “off the shelf” components
with proprietary assembly and uses applications in a user-friendly manner. The result is the most efficient and safest machine of its kind in the market place. PLTG has minimal revenues to date with a loss per share of (.18) for the 1st half of FY’08, but with the
Thermal Pulse Technology and its associated opportunities, PLTG is positioned to expand at a rapid rate. Also, with off balance sheet financing from financial partners, PLTG is able to diversify its exposure while building assets and cash flow without on balance sheet debt leverage or shareholder dilution. We would continue to purchase the stock on weakness for a 1st target of 1.25-1.75, especially since the summer drilling
5-wells on time and on budget, and as the completion process continues, will be adding to production, assuring that operational profitability is just around the corner - - could be as early as Q4. Of the 40,185,587 shares outstanding, 24.1% are held by insiders.
Aggressively on the acquisition trail, PLTG has also entered into a letter of intent to acquire a 63-mile pipeline (the only gas transmission pipeline for the area) in Texas, including 6-producing wells with a cumulative total of 50 barrels of oil and 450 thousand
cubic feet of natural gas per day. The acquisition sets the stage for substantial growth in the four county areas between Oklahoma, Arkansas, Texas and Louisiana. In addition, PLTG may use its TPU technology to potentially double its 150 barrels per day production from the recent Quitman, TX 52-well acquisition while maintaining a 50% interest in all production. According to the Dept. of Energy (DOE), there were 2.25 mil. wells drilled in
the U.S. since ’49. Many oil reservoirs had only 35% of their reserves produced, having huge potential upsides. In seeking to revitalize marginal/stripper wells, both the DOE and American Petroleum Institute have emphasized the need for new technologies to access more of the reserves available. PLTG is on the threshold of becoming a major player in this segment of the industry. Ultimate target 4.25.
Quelle: KON-LIN RESEARCH & ANALYSIS CORP., 5 WATER ROAD, ROCKY POINT, N.Y. 11778 • (631) 744-8536
Also die Firma gibt es und die News stimmen wohl auch - den Rest wird das Jahr bringen - ich bleibe investiert und warte auf weitere Zahlen - eine schöne Woche! |
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ich hoffe ganz persönlich, das wir Ende Mai bei mindestens 0,20 € stehen - allerdings ist dies weder ein Kauf- noch eine Verkaufsempfehlung! Allen eine grüne Woche!
