USA Superior Energy (USSU) (USSU.OB) is labeled: "Caveat Emptor" on PinkSheets.com.
Details of the USA Superior Energy Holdings, Inc. (USSU) (USSU.OB) stock spam --> "report-citafoam"
With oil over $100 a barrel new extraction technologies are more important than ever. The United States is blanketed with older oil wells which were not worth upgrading when oil was at $30. In the current market these wells are in the spotlight. With a simple high tech refitting these wells can increase their production many times over.
Our spotlighted company this week is in the thick of this highly lucrative business. Here is one you do not want to miss. We also suggest that you visit their website and download a Free Research Report.
USA Superior Energy - USSU
Currrent : $0.58
Tarrget : $2.70
Positive in the shoort teerm on News.
USA Superior Energy Holdings, Inc. is a company with excellent potential focusing on applying new technologies to oil and gas. USA Superior is composed of a team of experts in their field, highly qualified with over 200 man-years of oil and gas field experience; from finding to drilling, well completion to operations and production, to problem solving, seasoned with success.
USA Superior Energy's focus has been on developing and utilizing complementary technologies; Nitrogen (N2) and cased hole horizontal drilling.
Nitrogen (N2) is used to force oil out of reservoirs. It can be applied to existing reservoirs and wellbores, thus minimizing the costs associated with extracting oil and gas. Cased Hole Horizontal Drilling (CHHD) is a new emerging technology that can significantly increase the "communication" from the wellbore to the fluids in the reservoir. With the current environment, many existing marginal wells can be rejuvenated into very profitable wells.
Part of the USSU business model involves acquiring under-performing wells and boosting production. Here is news that came out after the closing bell on Friday:
Bateman Oil Field Productivity Update
Friday February 29, 8:30 pm ET
HOUSTON, TX - Feb 29, 2008 - USA Superior Energy Holdings, Inc, a company focused on the application of new technologies to increase volume and production in oil and gas wells, is providing an update of the eighth week in utilizing the company's workover rig program.
As previously announced the company has 88 producing wells on approximately 1,200 acres on which the company is performing a two phase productivity improvement program. The first phase, known as the stimulation phase, has been completed on 42 of the 88 wells. The 42 wells that have been stimulated are generating an average of more than 30 barrels per day as compared to the 20 barrels per day average produced prior to stimulation.
This segment has provided sales of 1,600 barrels of crude for the month of February despite having a portion of the unstimulated wells in an unproductive state for 11 days while a workover rig was not in operation. The total crude sales for January were just over 600 barrels. The substantial increase in productivity and resulting sales have prompted the company to begin the process of deploying a second workover rig. The company, as planned, has initiated its chemical program to remediate paraffin giving further stimulus to the company's daily production.
To some this may seem a bit technical, but to those who get in on USSU it is music to the ears. The potential for this technology and business model cannot be overstated. USSU is a major opportunity.
No comments:
Post a Comment