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http://www.corac.co.uk/investors/rns-news/rns-news-item/11176962 http://www.corac.co.uk/investors/rns-news/rns-news-item/11177011 2 rns this morning
I check this every day but it doesn't usualy do much apart from up a bit or down a bit like today. I have faith in these but like most things it will take time. Their brushless compressors will be winners one day. The sooner the better.
Many years is right, for some. I have been here several years but I believe this will come good.....one day. From Corac's website Corac Group plc's innovative downhole gas compressor will maximise gas extraction from brownfield sites, yielding around 30-50% more from applicable wells. This ground-breaking technology will enhance and extend gas production. As gas prices go up then this will be used IMO, after full testing has been completed. It still needs perfecting as far as I know.
I think (hope) we are on the home straight. Nice surprise this morning.
I think the Big News is well in the future but as you say they have a great product. When they have confirmed it will work as expected it then needs to be sold to the big companies. Everything takes time to happen but I feel confident in this one.
Nice to see the increase, maybe pi's are seeing what this is worth but as you say it will really take off when the finance companies start buying. Hope things are good in Spain for you. I prefer Gibraltar and hope to retire there in a few years after visiting so often to walk around it. Ha Ha I do it in a morning.
we hope. Nice to see 0.75 rise in the last hour of trading. With the cost of Gas rising and the amount that is still in the wells due to cost of extracting it due to low pressure IMO this will be big in the future. Corac Group plc's gas bearing technology is now being developed in conjunction with several major Oil & Gas companies to enhance production from natural gas wells. The diminutive size of these high powered compressors is such that they can be lowered into a gas well (some 2Km and deeper underground) to significantly increase production, by as much as 30 to 50% in applicable wells. As this technology emerges, Corac Group plc is well placed to capitalise on this market opportunity as energy prices increase.
I am sure that one of the biggest oil producers in the world would not sign an agreement if they didn't have faith in Corac. Corac is delighted to announce that on 16 May 2011 it signed a partnership agreement with Aramco Overseas Company B.V ("AOC") part of The Saudi Arabian Oil Company ("Saudi Aramco") for the development of an in-line gas compressor ("IGC") utilising Corac's unique compact high speed compressor technology. The IGC application would be located above ground and introduced in the production pipeline to boost and optimise network gas flows, offering Saudi Aramco significantly improved control and flow of their gas assets. Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia, is a fully-integrated, global petroleum enterprise and a world leader in exploration and producing, refining, distribution, shipping and marketing. The company manages proven reserves of 260.1 billion barrels of crude oil and the fourth-largest gas reserves in the world, 275.2 trillion cubic feet. Glad I am in here. GLA and lets hope for early news rather than 18 months. Good climb today.
Why would anyone want to buy this company? But last week, in a dramatic last ditch financial rescue, this oil company’s debts were cleared at a stroke. And suddenly this tiny group is poised for a spectacular recovery. Not only does it stand to develop a 40mmbls oilfield, but a big new gas field is also coming on stream in a few months time. And the group has a new management team with a very strong record of success. This company is a coiled spring. There is just one element that stands in the way – the Italian government. This is a story that involves panicked politicians, Libyan rebels and the potential for a 176% return on your investment. BIG risk IMO Tom says buy up to 12p
Why would anyone want to buy this company? But last week, in a dramatic last ditch financial rescue, this oil company’s debts were cleared at a stroke. And suddenly this tiny group is poised for a spectacular recovery. Not only does it stand to develop a 40mmbls oilfield, but a big new gas field is also coming on stream in a few months time. And the group has a new management team with a very strong record of success. This company is a coiled spring. There is just one element that stands in the way – the Italian government. This is a story that involves panicked politicians, Libyan rebels and the potential for a 176% return on your investment. Suggest buy up to 12p but BIG risk IMO
I cannot see any news about Corac but maybe I am not looking inthe right place. But maybe investors have realised this is a good buy IMO anyway.
I thought I was dreaming when I saw this rise. Slow but sure is best in my view but my average is higher than this.
Definately not. I have faith in this share and after tests and proof that it will enable more gas to be used from old wells I beleive the shares will increase considerably even if slowly.
Up and down and up.....which week? I'm holding on as I am sure after my research there are good times ahead when comapnies realise the benefits of Corac.