oldboldpilot
07-25-2006, 04:33 PM
W2 Energy Inc. Completes First Run Test of Materials
Tuesday July 25, 7:38 am ET
NEW YORK, July 25, 2006 (PRIMEZONE) -- W2 Energy Inc., a developer of green energy, is pleased to announce it has concluded its first run of test materials in its plasma assisted biomass to liquid fuel test facility. Among those materials tested were peat, lignite (brown coal) and sewage sludge.
Mr. Michael McLaren states, ``We have completed first run tests of various feed stock in our plasma assisted biomass to liquid fuel plant with resounding results.'' He also stated, ``The tests showed that we are able to produce a quality liquid fuel product for as low as $0.14 per gallon or $5.88 per barrel base manufacturing cost.''
W2 Energy continues to push forward on the scale-up construction of our 100 BBD plant and feel confident the plant will be able to produce sample runs of product by Q1 2007. W2 Energy currently has approximately US$1.7B in production requests for their diesel product. With approximately 97 Million shares outstanding this translates to a per share book value of $17.50 per share.
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I don't often recommend a stock but this one looks good to me. Undoubtedly, there will be a selloff after a 200+% gain but there might also be a run in store after it stabilizes. Worth a shot at the price IMO.
Tuesday July 25, 7:38 am ET
NEW YORK, July 25, 2006 (PRIMEZONE) -- W2 Energy Inc., a developer of green energy, is pleased to announce it has concluded its first run of test materials in its plasma assisted biomass to liquid fuel test facility. Among those materials tested were peat, lignite (brown coal) and sewage sludge.
Mr. Michael McLaren states, ``We have completed first run tests of various feed stock in our plasma assisted biomass to liquid fuel plant with resounding results.'' He also stated, ``The tests showed that we are able to produce a quality liquid fuel product for as low as $0.14 per gallon or $5.88 per barrel base manufacturing cost.''
W2 Energy continues to push forward on the scale-up construction of our 100 BBD plant and feel confident the plant will be able to produce sample runs of product by Q1 2007. W2 Energy currently has approximately US$1.7B in production requests for their diesel product. With approximately 97 Million shares outstanding this translates to a per share book value of $17.50 per share.
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I don't often recommend a stock but this one looks good to me. Undoubtedly, there will be a selloff after a 200+% gain but there might also be a run in store after it stabilizes. Worth a shot at the price IMO.