Re: Conversation with Gasfrac marketing manager / sub
Hi Sub, thanks for your comments.
I am uncertain if LPG fracking can be combined with those other methods; I don't have the technical expertise to make a judgment of that sort; however based on my understanding of geology different methods work in different reservoirs; there is no one method where you can apply across the board; from what I read about SLB's HiWay it works in certain reservoirs only. I believe LPG fracking will develop in a similar manner, it will be the solution of choice is certain reservoirs; based on my conversation with management, those "certain reservoirs" present a $3B revenue potential for Gasfrac. Another areas where LPG makes sense is areas where there is no water (most international basins have this issue), if we include those the market expand much more than $3B.
I did notice that quite a number of smart investors have found Gasfrac, this adds to my confidence; hopefully more investors will see what we see in the coming quarters. As for EQU it does not have the same potential as GFS for sure; but I see room for a quick pop in the next couple of months to the $7 range once they sign the Mississippian deal.