OriginOil Stikes Blue Gold!
Coming off of the heels of last weeks milestone announcement that OriginOil through its licensee Industrial Systems Inc sold four EWS based systems to Trinidad and Tobago based Synergy Resources, the company kicked things off this week with a CEO newsletter that could give rise to huge opportunity down the road for the company.
Today Mr. Eckelberry, CEO of OOIL put out a CEO newsletter discussing the company’s progress over the last several weeks including the demonstrations in the Permian at STW Resources. There are a few big takeaways here with the foremost being that OOIL has more equipment on the way for Origin to kick things up a notch and not only be able to reduce turbidity by 99.8% but the company plans to be able to push that number to 100%!
“Normally, the black material you see in the photo would just be re-injected into the earth, along with tons of water. CLEAN-FRAC allows operators to actually recover more petroleum from waste water. But the real benefit is the recovered water. Which is really Blue Gold. And THAT market is worth half a trillion dollars, and growing.”
That small 0.2% could mean a massive boost in the legitimacy of the OriginOil EWS technology and may be an absolute game-changer for the company.
In addition to the Company’s successes, the chart has maintained a higher support (as I discussed last week) and in my opinion could be positioned for another rally heading into the beginning of October:
If you you’ve been following along over these last few weeks, you’ll remember that last time Origin maintained a support level for several days in a row back in August, the market spiked and OOIL now trades at the levels it is right now. After reading this announcement and seeing the increased market activity, there could be incredible profit potential as this company begins to move ahead with new sales and even more opportunity within the Oil and gas space.
If you haven’t done so yet, pull up OOIL and check out this morning’s update right on the OriginOil Website. This announcement could be a catalyst for a new rally from the current support and I wanted to make sure to bring it to you first!
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