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Nothing to get excited about. Between SUWA, similar environmental groups, bogus bidders and Salazar, no one will be able to drill even if they find oil or natural gas....
Working as scientist in the oil industry, I have seen a lot of companies come up with new technology that supposedly can tell you what is underground. Most of those companies die before they ever get anwhere because of the "black box". When they don't explain the science behind the technology then you have to be extremely skeptical. 3D seismic is great, but even that is only good for telling you if there right structure is in place for oil. The only reliable way to know if oil is there or not is to drill for it.
We need more US oil, but being allowed to drill for it will be the hard part.
This technology sure worked for Ukraine this winter. Maybe these guys read about Utah developing cold fusion. They saw a place ripe for them.
in convincing Salazar to have it used in the United States...
They need to talk to hugo and Brazil. We are in the oil buying bussiness not producing.
I'd like to try that on my land in Arkansas
If this technolgy actually delivered with 95% plus accuracy documented Every exploration outfit on the planet would be standing in line .Is this a traded company or privately held..?
Who do I contact at the company to consider investing in the technology. Investors want to know!!!!!
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