posted
Information for sideliners. Lots of promising news the past couple of weeks.
Company Name: W2 Energy, Inc. Symbol: WWEN on the Pink Sheets
Company Information
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s biomass to energy plants utilize state of the art technologies to produce green energy, both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
The W2 Energy GAT reactor breaks down biomass or coal using the chemical energy stored in the biomass itself; the plasma acts as a high temperature catalyst. Unlike typical plasma reactors that utilize convection of the intense heat produced by the plasma, our GAT reactor can amazingly produce enough Syngas (H2, CO) to feed a 10,000 barrel per day synthetic diesel plant and 100 Megawatt steam turbine with a mere 4 MW input. Since our unique process works in this manner, most if not at all the CO2 produced by the process is converted into Carbon suboxides in the form of humic acid and is mixed within the ash to produce high grade organic fertilizer. Therefore the process is completely C02 neutral, even using coal or peat as base fuel.
Market Capitalization: $25.7 Million Authorized Shares: 200,000,000 as of 2004-12-15 Outstanding Shares: 80,255,735 as of 2006-05-09 Float: 19,056,335 as of 2006-04-05
Press Releases
May 23, 2006 WWEN announced the issuance of a letter of intent to build a plant for an on-going producing coal mine to TechnoJunk and GreyMatter of Christchurch in New Zealand. Mr. Michael McLaren states, ''The project immediately gained my interest as it was an opportunity to show the real value of our technology.'' The plant would produce both diesel fuel and electricity to overcome a unique transportation problem with the material handling of the coal. The project which will be at least a 10,000 bbp plant will be exceptional in that it will show our technologies capabilities to produce clean energy from coal in the cleanest place on earth. The 10,000 bbp plants produce approximately $US310M per year in product.
May 22, 2006 WWEN has received letters of request for off-take of their fertilizer product. The organic fertilizer which is a co-product produced in the W2 "GAT" reactor will be pelletized and sold in bulk for $US200 per ton. The 10,000 barrel per day plant produces approximately 255,000 tons of organic fertilizer per year, bringing an additional $51M in sales, combined with the diesel fuel at $204M and $55M in electricity generation, producing a yearly sales number of $310.5M per 10,000 bpd plant. Combined with the need to construct seven plants to satisfy production requests for the diesel product, W2 now has requests for product totaling $2.17B US.
May 16, 2006 W2 Energy, Inc. issued an update stating that they have been building strategic alliances and partnerships which would help the company become a multinational corporation. One of these relationships happens to be Aker Kvaerner (www.akerkvaerner.com), who will provide their engineering experience to construct W2s biomass to diesel/electricity plants. WWEN also stated they have begun experimenting with the chemical decomposition of waste plastic using their plasma reactor technology. They feel that this is a multi-billion dollar market which has been largely ignored.
May 12, 2006 W2 Energy, Inc. announced that it is submitting an offer to purchase a working coal fired plant in a location to be disclosed at a later date. The plant which presently provides approximately 100MW of coal fired power will be converted into a combination Diesel fuel and electricity plant using peat and biomass as fuel. Once in production the plant would generate $110.00 dollars per MWh as it would qualify as renewable green energy totaling $95M in green electric power generation alone. Once the GTL portion of the plant is complete the total plant revenue would be approximately $336M per year.
May 8, 2006 W2 Energy has received letters of request for diesel samples from several large European re-sellers of diesel fuel. The letters request a total production of 3,360,000 metric tons or 25,200,000 barrels of diesel per year, representing a total dollar value of US $1,512,000,000. In order to fill these orders the company will construct a minimum of seven 10,000 bpd plants throughout the Continental U.S. and Canada.
May 5, 2006 W2 Energy announces that they have completed their corporate restructuring effort, as well as, their intent to file Form 10 to the SEC and begin regular reporting. Once the financials are filed, they intend to apply for a listing on the American Stock Exchange (AMEX).
Posts: 807 | From: Upstate NY | Registered: Dec 2005
| IP: Logged |
By PrimeZone Last Update: 5/30/2006 8:30:32 AM Data provided by
NEW YORK, May 30, 2006 (PRIMEZONE via COMTEX) -- W2 Energy Inc., a developer of green energy, is pleased to announce a corporate status report.
Mr. Michael McLaren reports:
On May 5, 2006, the company released news regarding our filing of the 10-sb and subsequent application to AMEX; the following is an update on that release:
The company has prepared the 2 years and stub financials for Y/E 2004, 2005 and YTD. They are now being forwarded to our auditor and will be reviewed shortly. The company has engaged The Lebrecht Group as our corporate securities lawyer; they will file the form 10-sb on our behalf. The company in the interim will file an updated 15c211 that can be viewed on www.pinksheets.com. Once the above is approved the company will instruct our attorneys to continue our application to the AMEX and copies of the audited financials will be mailed to shareholders.
On May 8, 2006, the company released news regarding letters of request for production quantities of diesel fuel; the following is an update on that release:
The company continues to market our diesel product with resounding success and is expected to begin to deliver samples of our product in the coming months. Once samples are accepted, the letters of interest will be converted to purchase orders for the product. The company has currently accepted additional letters of request for production quantities of 500,000 MT per year representing a dollar value of $251.2M in sales in addition to the $1.5B in diesel product already requested.
On May 12, 2006, the company released news regarding an offer to purchase to be submitted on an existing coal plant; the following is an update on that release:
The company is preparing the offer and is presently negotiating the terms of the offer. The company is planning to engage an outside consultant experienced in the procurement of such assets to assist in the negotiations and purchase of the asset.
On May 19, 2006, the company released news regarding off-take requests for our fertilizer product; the following is an update on that release:
The company continues to take requests for the fertilizer and electricity product. The samples of fertilizer product are expected to be delivered at the same time as our diesel samples. Once the samples are accepted the company will negotiate firm off-take contracts for the fertilizer per plant.
On May 22, 2006, the company released news regarding a letter of intent to build a plant in New Zealand; the following is an update on that release:
The company is presently negotiating terms and conditions regarding the plant and will travel to the site once the terms are in place. The company will also be hosting a delegation from New Zealand to view our process in action.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
posted
Good news. Not much volume this morning. Need it to pick up in order to move this up. Looking fairly good though...
Posts: 1053 | Registered: Mar 2006
| IP: Logged |
posted
well, it still didnot say too much on the production yet. but, it does confirm the long term potential. to file for the AMEX still requires a long way. I like it today, although I didnot see too much rise.
Posts: 221 | From: kentucky | Registered: Apr 2006
| IP: Logged |
posted
big spread today. Sellers not giving up shares which is good. Need the buyers to step up though in order to move.
Posts: 1053 | Registered: Mar 2006
| IP: Logged |
posted
its going up gradually. touched all day hgh of 0.098, and good buys kicked in in that range. so i wont be surprised if we see 0.1-0.105 today and 0.12 tomorrow.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
| IP: Logged |
posted
Upps sorry my friend...I dont want to bother you...but really...what could be your own opinion regarding global falling markets, and not only US..
-------------------- Thanks for see my comments Posts: 25 | From: Mexico | Registered: May 2006
| IP: Logged |
posted
My take: Rising energy prices are hurting everyone, not just the United States. FUD (Fear, Uncertainty, and Doubt) is setting in.
WWEN hasn't even begun to see its day in the sun. They have the technology to make something which is "already" in high demand. The sooner they get a factory up and running, the sooner we can all do the happy dance. Posts: 807 | From: Upstate NY | Registered: Dec 2005
| IP: Logged |
posted
still haunting below 0.10. need serious production news to get it up. this one is really testing my patience.
Posts: 221 | From: kentucky | Registered: Apr 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
![[Smile]](smile.gif)
![[Big Grin]](biggrin.gif)
