A Summer Challenge is Met at OriginOil with the GEN2 System Ready for “The Delta”!
The game changes AGAIN for the Oil and Gas industry with OOIL leading the charge through a scaled up CLEAN FRAC System appropriately named “GEN 2”. Today OriginOil Inc’s CEO Riggs Eckelberry released an update on some incredible developments and key milestones that the Company has hit over the last few months.
Included in this is the completion of the build-out of OOIL’s GEN 2 CLEAN-FRAC system. This system has the capacity to handle up to 12,000 barrels of water per day or roughly 500,000 gallons and is completely modular so if there is a need to handle more water, all a customer needs to do is hook up more systems.
Mr. Eckelberry states, “Our GEN 1 industrial demo system was up and running! That’s how we are proving the tech to prospective clients, with real contaminated water in the field. Meanwhile, we ramp up GEN 2 to deal with 10,000 bpd and well beyond.”
Now that this second generation has been completed Origin is now ready to send it out to be put through its paces at ISI’s facility in Delta, Colorado. In addition to these successes in Oil and Gas, the company has also continued to pursue a market leading roll in algae harvesting mainly for the purposes of offering a source for animal feed. Heard at the ABO Summit: “this is the hottest thing on this show!” (Hugh Morris, AlgEternal)
How About the Market?
OOIL may have begun to see a new reversal trend in the market. Following some profit taking late last week, Friday afternoon saw early signs of a rebound with Origin bouncing from lows of $0.17 back to the $0.18 support by the close. Based on these latest developments with OOIL it looks like Origin is firing on all cylinders and could have a multi-pronged revenue model in place to capitalize on through bringing game-changing technology to several industries.
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