posted
I need to do some investigating on their HTFC, and if it is indeed promising, this one could be huge:
Digital Gas Signs Agreement to Commercialize Breakthrough Oil Shale Technology Friday December 9, 8:37 pm ET
NEW YORK--(BUSINESS WIRE)--Dec. 9, 2005--Digital Gas, Inc. (OTC Pink Sheets:DIGG - News) announced today that it has signed an agreement to partner with a private US-based company (PRIVATCO) that owns the exclusive rights to a high temperature fuel cell (HTFC) method which is expected to dramatically reduce the cost for oil and gas recovery from a variety of unconventional hydrocarbon resources. ADVERTISEMENT
The broadly-patented HTFC approach is designed to make it possible to economically produce oil and gas from unconventional resources, such as oil shale, tar sands, heavy oil deposits, and coal bed methane, while producing electricity as a byproduct. Under the terms of the agreement, Digital Gas intends to make an equity investment in PRIVATCO, be responsible for drilling contract and funding matters on PRIVATCO-controlled properties, and will have the right to use the HTFC method on properties it acquires independent of PRIVATCO, subject to a royalty payment. Digital Gas expects initial HTFC units to be operational during 2006.
PRIVATCO is currently accumulating mineral interests in the vast oil shale reserves within the Green River Formation of Colorado, Utah and Wyoming. Their proprietary HTFC technology will subsequently be deployed to produce oil, other hydrocarbon products and electricity for sale into North American energy markets. PRIVATCO has already informed Digital Gas that on just one property of less than 2,000 acres that it owns the mineral rights to, 800 million to 1.1 billion barrels of oil are expected to be recoverable.
The environmental benefits of this breakthrough HTFC method are compelling when compared to other retorting, strip mining, energy and water consuming techniques for unconventional oil recovery. By producing oil and other hydrocarbons from a resource "in-situ", without significant air emissions or water usage, while simultaneously producing "green" electricity, this HTFC technology will be well received by those who seek to balance the growing demand for energy with environmentally friendly processes.
The contrast between the HTFC and previous geothermic approaches to unconventional oil production is clear: the Net Energy Ratio (NER), measuring the energy output in comparison to energy supplied, of the HTFC approach is superior to other approaches being pursued for unconventional oil recovery. For example, the estimated NER of the HTFCs for oil shale production is approximately 7 (i.e., 7 units of energy are produced for every unit used), whereas the in-situ production approach currently being investigated by Shell in the Piceance Creek Basin shale resource is claimed to have an NER of 3.7.
A leading national research laboratory of the U.S. Department of Energy has reviewed and endorsed PRIVATCO's HTFC approach, and is following through on its interest by working to form a partnership with PRIVATCO to develop the commercial versions of the HTFC technology. In addition, PRIVATCO is currently involved in detailed discussions with several major energy industry sector companies interested in using this advanced technology for enhanced oil recovery for oil shale, oil sands, coal formations, as well as depleted oil fields.
According to PRIVATCO, their HTFC technology will not only be developed to liberate oil from shale, a resource estimated to contain two trillion oil-equivalent barrels in the US alone (equal to about eighty years of world oil supply at current annual consumption rates), but can also be developed to allow the major oil-producing companies to take a second look at properties now considered to be non-commercial. Depleted oil fields in the US and elsewhere still contain more than half of the hydrocarbons originally in these fields, because the residual hydrocarbons are too viscous to extract with conventional technology.
The HTFC technology can also be developed for application to accelerate and enhance recovery of coal bed methane, which has suddenly experienced a spurt in interest and production volume because of historically high natural gas prices. Digital Gas expects the HTFC system to dramatically accelerate production for coal bed methane companies. Since the HTFC produces electricity without any air emissions, their deployment will create the equivalent of emission free power plants. The electricity produced by the HTFC wells can be used to power pumps used in pumping water out of coal bed methane fields as well as powering compressors required to feed coal bed methane into feeder pipelines. The fuel cells produce a very pure carbon dioxide exhaust gas stream that can be either sequestered underground or harnessed for industrial or agricultural applications, such as the farming centers to be commercialized by a Digital Gas subsidiary.
With respect to the Canadian oil & gas market, which Digital Gas intends to enter, the HTFC system will allow for the commercialization of oil sands and oil shale formations that have too much overburden for open pit operations.
***The second highlighted comment... I should be able to get a copy of and review! I will see exactly what they are claiming, and howthey calculate their efficiencies!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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This will be flying in the next few weeks. Once it starts it will go up quick. Get in while the PPS is low
Press Release Source: Digital Gas, Inc.
Digital Gas Subsidiaries Enter into Agreements with Benelux Capital for Bridge, Acquisition and Project Financings Friday January 27, 10:55 am ET
NEW YORK--(BUSINESS WIRE)--Jan. 27, 2006--Digital Gas, Inc. (OTC Pink Sheets:DIGG - News) announced today that seven (7) of its subsidiaries have entered agreements with Benelux Capital to assist with bridge, acquisition and project financings to facilitate continued organic and inorganic growth and development. Benelux Capital provides a full range of financing and M&A services as well as access to key strategic relationships. ADVERTISEMENT
The subsidiaries that signed agreements with Benelux Capital are: Digital Sofcell, Digital Ultracap, Digital Energy & Farming, Digital Energy & Farming Asia, Green Harbour Energy & Farming, Mint Condition and Digital Electric. Digital Gas anticipates that Great Lakes Energy & Farming and a newly formed company for the commercialization of shale, tar sands, coal bed methane and heavy oil properties will sign with Benelux in the coming weeks. In addition to the bridge and other fundings anticipated from Benelux, the company will ask Benelux to coordinate all present financing offers.
Digital Gas is pleased to enter into this relationship with Benelux Capital which operates on a global basis and boasts strategic partnerships in a variety of commercial businesses, including energy, IT-enabled services and outsourcing. In fact, Digital Gas will rely on Benelux Capital to structure and supply a worldwide network for the sale of its products and the maintenance of its businesses. This is particularly important for Digital Gas at the present time as the company has formed Digital Sofcell Asia to commence fuel cell activities in Asia that can include enhanced oil recovery in China, India and other areas. It is anticipated that this presence will open the door to investment from Asian oil and utility companies.
"Digital Gas and its subsidiaries are strategically positioned across a wide area in the energy and natural resource fields and clearly have significant upside potential for rapid growth. We have high expectations for the company. With its fuel cell based oil & gas recovery technology, Digital's already impressive positioning in alternative energy synergistically increases the potential to bring to full production vast pools of oil & gas previously unrecoverable. We are pleased to play a key role in helping Digital Gas bring their products, technologies and services to the global marketplace," said Mark Watson, Managing Director of Benelux Capital.
Benelux Capital provides focused capital solutions. Leveraging a comprehensive platform supported by extensive research, in-depth knowledge, innovative thinking and access to capital, the firm provides a fully integrated service across M&A, equity and acquisition finance and works closely with high-potential companies to help them become leaders in their industries. For more information, please visit www.beneluxcapital.com
Persons, companies or banking institutions with shale, tar sand, coal bed methane or heavy oil properties should also contact energei*optonline.net. Communities that would rather see coal gasified in situ as opposed to being deep mined, should also contact Digital Gas which is prepared to conduct retraining programs for miners and to JV with mine owners.
Contact: Digital Gas, Inc. Brian Smith, 732-927-4073 energei*optonline.net
-------------------- I never knew a Nickle was worth so much....
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Sounds to good to be ture i but i have herd about this some time ago i think i am in keep me posted would like to get it at .20. (digg) thanks
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DIGG will go to $2 a share b4 the ask goes down to .20.
This Stock Could Easily Be a $50-100 a share.
1) No dilution , Low OS 37 Mil 6 Float. 2) Huge Story (A Economical Way to extract petroleum like substance from Oil Shale) 3) If your in doubt read this article. SHELL is trying to open a Oil Shale Extraction Plant next month. DIGG claims to have a more cost effective process using fuel cells.OH MY THE RAMIFICATIONS
posted
Looking for a web site on this company can't find any info on Digital Gas, Inc. did find a phone no 732-927-4073 there is no anser.
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DIGG Transfer Agent: MUST FAX Interwest Transfer Company, Inc. 1981 East Murray Holladay Road, Suite 100 P.O. Box 17136 Salt Lake City, Ut 84117
Phone: (801)272-9294 Fax: (801)277-3147
DIGG Contact: INFO
Contact Information: Digital Gas, Inc. Brian Smith, 732-927-4073 energei*optonline.net
I believe the Website is a very old build & I new website roll-out is coming.
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I have been in DIGG since OCT 05' and the OS has not changed since then.
I have talked to the CEO and he has told my that stock structure is very important to him. He will not pay for stock promotion or issue stock to pay bills. BIG PLUS, this is one of the reasons I believe the stock is priced so low. Promotion Runs this Market, like it or not.
This is should be a $5-10 stock right now based on my DD. Eventually the market will correct itself.
I base the $5-10 pps on the DEC 16th PR. "Collateral to facilitate a loan package, which Digital Gas has been informed will be for a minimum of $300 million, has a certified appraisal value of $577 Million, as well as having a financial Safe Keeping Receipt (SKR) with full financial responsibility from Grupo Cometra, a division of Grupo Seguridad Integral of Mexico. Grupo Seguridad is the leading security firm in Mexico now in their 26th year."
$577 Million in an asset backed loan would mean DIGG has $577 million dollars worth of assets!
Right now its only trading at a $10 million dollar market cap!?
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Knut, DIGG claims to have the best process to remove oil grade fuel from oil shale. EVEN BETTER THEN SHELL. This could be BS or it could be true. MY POINT IT DOESNT MATTER!
DIGG stock is going to go thru the roof! Shell's building of a oil shale plant instantly gives oil shale creditabilty.
WE ARE TALKING ABOUT THE POSSIBILITY OF SOLVING THE WORLDS ENERGY PROBLEMS FOR THE NEXT 300 YEARS.
If you havent done your homework on Oil Shale I suggest you start with this link.
posted
Not to be a killjoy here but I don't see a single current project. Isn't it a little odd to spin out so many subsidiaries without actual projects being worked on? Financing is good, accomplishments are better.
Perhaps I am wrong here, anyone care to enlighten me?
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues.
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You might have something here. The goverment grants show physical presence. That builds reputation.
The fuel cell is a buzz word right now. That'll drive pps even if it never gets off the ground. If it does half of what they claim could be very lucrative.
The only one I really don't get is the UIltraCap. I get the saving 15% on the money bill. That's good, and might make it successful depending on what the unit itself costs. However they seem to be very excited about it when, in reality, it's really just a big rechargable battery. It's green. That plays to my environmental side (which despite my criticism I am a big environmentalist) but is it cost efficient? My experience with what has come previously is after all is said and done it usually ends up at the best a wash.
I'll keep looking at it though...you got me curious.
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues.
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I'll be 100% honest. DIGG could be completely full of it, but as soon as Shell's oil shale plant begins to be built next month DIGG becomes a goldmine.
Think about this DIGG automatically becomes at worst the #2 player in a field worth well into the 100's of billions of dollars.
Im not saying bet the farm on DIGG, I saying pick up a few thousand shares just in case.
If DIGG's Oil Shale Extraction methods are legit 1000 shares today which is only $300 bucks, could be worth over $100,000 a year from now. As crazy as it sounds.
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I only own 1000 shares of this stock. My plan is to purchase at least 20000 more shares of this stock over the next couple of months. I just don't understand why no one else is looking at this stock. With the rising cost of oil, you figure this would be a "no brainer".
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