The Company has finished its drilling and completions program for the commercial-scale RF XL pilot project at Marwayne, Alberta. And we can see that the news about was published on December 14th. But the price started moving upwards beginning of December and sky rocketed on December 9th and 10th. I sold my position beforehand in October, thinking to invest it...
This company is revolutionizing bitumen extraction in Alberta Canada. Who ever worked in the oil patches knows that if Acceleware can make their RF project commercially work that the common SAGD extraction will be obsolete. This means oil will be extracted from the ground WITHOUT water and chemicals. Hence reduces lifting costs by 50%. It is like oil goes green!
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