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Hello Trader,
As promised here is our full report on WPWR, our new Monster Monday pick.
We are super excited about this trading opportunity and when you see the details you should be too.
First, here’s a little background on this gem - it will help steer you towards the profits in a quicker fashion.
WPWR has secured the licensing rights to Texas, as well as the first right of refusal on the other U.S. states, to a new technology solution to process waste natural gas such as vented, flared or stranded gas into “clean power” and engineered fuels, including no-sulphur diesel and diluents.
WPWR Based on proprietary technology, this solution is mobile, high-yield and can be deployed with minimum capital expenditure.
WPWR plans to be able to provide its technology with full-service engineering, design, construction, modular fabrication, maintenance, and construction management services to clients in the upstream areas of exploration and production. Well Power will also offer consulting services, process assessments, facility appraisals, feasibility studies, technology evaluations, project finance structuring and support, and multi-client subscription services.
WPWR was at $0.09, showing a +2.44 % increase. Around 107.93 million shares have been traded, versus an-average trading volume of 482,198 shares.
It is near its 52 week lows with some upward momentum.
Symbol: WPWR
Company: WELL POWER INC.
TechnoConcepts, Inc. (OTCMKTS:WPWR)
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About WPWR
Well Power, Inc., incorporated on March 26, 2007, is a development-stage company. The Company is seeking to commence the new business of distributing Micro-Refinery Units (MRUs) in the State of Texas and from there into other geographical areas.
The Company intends to provide oil and gas producers and operators a solution to process otherwise wasted natural gas, including stranded, shut-in, flared and vented gas and produce valued end-products including Engineered Fuel (diesel, diluents, synthetic crude) and electrical power. An MRU is an assembly of proven commercial technologies with a micro synthesizing system as the key technology component.
Top Investor Highlights
Uptick in Gas Flaring Concerns Add Value to Well Power, Inc. (WPWR) Technology
July 28, 2014 Struggling to keep the pace of the nation’s high production rates for oil and natural gas, several states in the union demonstrate subpar handling of natural gas that often streams in large volumes with the crude. On a broader scale, a growing conglomeration of studies stacks up in agreement with a Stanford study that suggests that "U.S. emissions of methane are considerably higher than official estimates. Leaks from the nation’s natural gas system are an important part of the problem."
Gas flaring is the controlled burning of natural gas that cannot be capture and returned to the system for processing. Approximately 150 billion cubic meters of natural gas are flared annually around the world, representing a tremendous waste of natural resources and churning 400 million metric tons of CO2 equivalent global greenhouse emissions, including methane.
Consequently, environmental degradation is linked to gas flaring, resulting in significant impact on local populations via loss of livelihood and severe health issues. Sadly, money often speaks louder than morals. And for that translation, billions of dollars' worth of gas each year is being wasted through gas flaring.
As part of Obama's Climate Action Plan, the White House and the Environmental Protection Agency (EPA) are working to define a preliminary strategy to curb methane emissions from a variety of industries, including landfills, agriculture and fossil fuel. As part of this plan, if the EPA can identify what kind of regulations will be effective and in compliance with the Clean Air Act, the new rules must be set by the end of 2016.
In North Dakota, where gas flared in the Bakken oil field has nearly tripled in the last three years, new rules aimed at cutting the waste took effect in June and are expected to cut natural gas production flared from 28% in May to 10% in 2020. Furthermore, the North Dakota Industrial Commission will soon require that companies submitting drilling permit applications explain how they will limit flaring - if it's not up to par with commission standards, the state can impose limits on oil production.
As state-level and federal-level government take action, innovative companies in the energy industry are preparing to offer viable solution to meet reduction standards.
Dr. Christian Neagoe, director and CEO of Houston-based Well Power Inc., specializes in the design of industrial processes, including sizing reactors, distillation and extraction columns, heat exchangers and pumps, as well as mass and energy balance and energy optimization.
Under his leadership and in partnership with ME Resource Corp., Well Power is developing proprietary technology designed to process wasted raw natural gas, including shut-in and flared gas, into Engineered FuelsTM and electric power.
These Micro Refinery Units (MRUs) have the potential to address the global concerns and dollar-value waste as a solution to process waste natural gas into "clean power" and engineered fuels, including no-sulphur diesel and diluents.
The plan is to provide the technology to clients in the upstream areas of exploration and production, offering full-service engineering, design, construction, modular fabrication, maintenance and construction management services, as well as consulting services, process assessments, facility appraisals, feasibility studies, technology evaluations, project finance structuring and support, and multi-client subscription services.
Well Power's MRUs provide incredible opportunity to cultivate value from a wasted resource while improving environmental conditions and economic development for local populations. Aligned with the ongoing push for sustainable and environmentally friendly resource development, Well Power is strongly positioned to take a leadership role in addressing a huge gap in energy production and efficiency.
For more information, visit www.wellpowerinc.com
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