Common Shares Outstanding – 37,805,050 Float – Approx. 7 million Current Market Cap – $16.63 million Recent High = .80 per share Recent Low = .35 per share Average Daily Volume = 109,400 (50-day) Average Price = .5029 per share (50-day)
Syngas International to Unveil PyStR Technology at Big Hydrogen Show on Feb 13, 2006 in Calgary, Alberta Canada; Webcas
LAS VEGAS, NV and EDMONTON, AB -- (MARKET WIRE) -- 02/10/06 -- Syngas International Corp (OTC BB: SYNI) -- http://www.syngasinternational.com -- is pleased to report that, in conjunction with a leading developer of oil sands extraction technology, its gasification technology played an integral part in a revolutionary new extraction method. This method shows a significant increase in yields of usable synthetic crude extracted from the Alberta Oil Sands. These smaller scale tests were conducted on a trial basis in a controlled environment. The combination of these two systems will provide a complete economical solution for tar sands recovery. The laboratory tests showed an increased yield of up to 15%. Larger scale tests are planned soon, to be followed by field tests.
In further studies, Syngas International has determined that its proprietary PyStR (pronounced "Pie Star") technology can aid in the efficiency of producing synthetic crude from the bitumen mined from the Alberta Oil Sands by providing producers with low cost "green hydrogen." The savings have been projected in the 50% range. Hydrogen is required to upgrade crude bitumen to synthetic crude. An average of 3kg of Hydrogen is required to produce one barrel of synthetic crude, at a present estimated cost of $7.00/kg. Millions of kilograms of Hydrogen are used in the oil sands on a daily basis, allowing PyStR to provide a savings of millions of dollars per day to large operators.
Syngas International is presenting its PyStR technology to industry and government executives within the oil patch and academia on Monday, February 13, 2006 at 1:45pm in Calgary Alberta, Canada at the Big Hydrogen Show co-sponsored by the Canadian Hydrogen Association and EnergyInet.
Robert Klein, CEO of Syngas International commented that the technology could lead to great achievements in lowering the cost of oil sand extraction, the major obstacle preventing mining over the last 30 or so years to any significant degree.
Alberta's oil sands contain the largest known reserve of oil in the world. An estimated 1.7 to 2.5 trillion barrels of oil are trapped in a complex mixture of sand, water and clay, with recoverable reserves estimated at 175 billion barrels, second only to Saudi Arabia.
The Company is also pleased to announce that it will conduct an exclusive CEO Webcast with The Green Baron so that SYNI shareholders and the investment community can learn more about the current and future prospects of Syngas International Corp. The webcast will be conducted by Evergreen Marketing, Inc. and their subsidiary *************.com and will be available for listening on Monday, February 13, 2006 at http://www.*************.com. An exclusive profile of SYNI is now available at this website.
The Canadian Hydrogen Association is a non profit membership association composed of universities, research organizations, industry and small business. Their objective is to promote the use and development of hydrogen energy, hydrogen energy systems and technologies and to develop the role of hydrogen energy for the purpose of improving the environment.
EnergyInet Inc. is a Canadian not-for-profit network that brings industry, researchers and governments together to help develop new environmentally responsible hydrocarbon and renewable energy technologies that will produce an abundant supply of clean energy for Canada.
Syngas International Corp. (OTC BB: SYNI), through its subsidiary Syngas Energy Corp. is an emerging leader in the development and marketing of low cost alternate fuels worldwide. We believe our superior technology will catapult our company into a GREEN POWERHOUSE. With energy prices at high levels and the global focus moving rapidly towards addressing pollution, the need for sustainable, zero emission energy is vital. Our technology is based on clean renewable energy. We foresee our company poised to benefit from global trends.
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EDMONTON, AB and LAS VEGAS, NV -- (MARKET WIRE) -- 05/02/06 -- Syngas International (OTC BB: SYNI) is pleased to announce that due to the rapidly increasing demand for ethanol in North America, Syngas has commenced researching the possibilities of using gases produced from its M2 and PyStR processes to make synthetic liquid Bio fuels such as ethanol and methanol. Conversion methods such as the Fischer-Tropsch and Sabatier catalytic processes will be used in this investigation.
The Fischer-Tropsch catalytically converts synthetic gases (a combination of hydrogen and carbon monoxide), such as those produced from the M2 and PyStR, to liquid fuels.
Ethanol has recently been touted as a replacement for gasoline. Brazil, one of the first countries to convert to ethanol for transportation use, is now completely free of oil imports. The USA, which currently imports 60% of its oil, is watching Brazil's progress. The most recent US energy bill, signed into law last August, calls for more than doubling ethanol use by 2012. In preparation, the big three car manufacturers have begun selling "flex-fuel" vehicles capable of being powered by ethanol-enriched gasoline.
Syngas International Corp. (SYNI), through its subsidiary, Syngas Energy Corp., is an emerging leader in the development and marketing of low-cost alternate fuels worldwide. We believe our superior technology will catapult our company into a GREEN POWERHOUSE. With energy prices at high levels and the global focus moving rapidly towards addressing pollution, the need for sustainable, zero emission energy is vital. Our technology is based on clean renewable energy. We foresee our company poised to benefit from global trends.
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Im all over this, i got in at .60 too late in the day. low float.. could be a great play for tomorrow. 7 of 9, i play what runs, not planning on holding long. thanks for the help though.
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I agree this could be interesting. Ethanol has been getting a lot of attention and most of the penny ethanol companies are played out. I may have to join you with a position today.
quote:Originally posted by cactus33: Im all over this, i got in at .60 too late in the day. low float.. could be a great play for tomorrow. 7 of 9, i play what runs, not planning on holding long. thanks for the help though.
I have the runs...do you want to play with that?
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion*
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