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mickymoose99
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# Posted: 11 Dec 2009 03:46
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Plateau Mineral Development, Inc. Introduces the Hydrocarbon Decomposition Process Used for 'Heavy Oil' Reclamation
WINSTON-SALEM, N.C., Dec 10, 2009 /PRNewswire-FirstCall via COMTEX/ -- Plateau Mineral Development, Inc. (Pink Sheets: PMDP), along with its partner, EnSol, LLC, announced yesterday that the firm has been given a Letter of Intent (LOI) from Hansen Consulting to joint venture the production and lifting of "heavy crude" oil. The Hydrocarbon Decomposition (HD) Process created by Mr. William Strange, current President of PMD, creates a "solvent" that facilitates the "lifting" of heavy crude oil previously uneconomical. Application of the "solvent" reduces the friction, API gravity and viscosity of the oil causing the oil to flow freely in the wellbore. Tests have shown remarkable results. More than 30 million known barrels of oil in proven reserves are available and currently cost prohibitive.
The Hydrocarbon Decomposition (HD) Process creates gas, oil, carbon black and solvents. The feed stock is used tires. There are about 300 million tires thrown away every year. One used tire weighs on the average 22.5 pounds and contains two gallons of fuel as well as other chemicals. The HD process also has as a byproduct solvent which is used as cutting oil for drill bits, drag reducer for pipeline and as an Asphaltene cutter. Well operators have found that the solvent breaks down paraffin which impedes the flow of oil and gas. The ordinary well maintenance to clear paraffin and "clean" the bore costs roughly $3,000 to $10,000; HD solvent does the job for about $200 and saves down time.
An initial investment of about $300,000 to build a functional bench model will be used in production to create approximately $2,252,838 in revenue after six months. The mobile version can be transported in a full sized pickup truck. It will produce approximately 500 gallons in a 24 hour period. Initially several wells will be chosen with different depths, porosity, paraffin content, permeability, API gravity, and Asphaltenes content.
Plateau's President, Bill Strange states, "Pumping 3,000 barrels a day will produce approximately $28 million in revenue annually to the joint venture. We are ready to roll forward to capitalize on the opportunities before us."
About Plateau Mineral Development, Inc.: Plateau Mineral Development, Inc. specializes in the exploration and development of energy sources. Its partner, Plateau Mineral Development LLC, has been in existence for over five years with successful new wells and rework wells selling both gas and oil.
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mickymoose99
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# Posted: 11 Dec 2009 08:47
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PMDP
Looks good right out of the box
+ 12.50% on the up tick
RSI LINE @ 47.77 heading upwards
MAC D approaching the signal
Showing Positive diversion
Keep your eye on it
Looks like one to watch
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mickymoose99
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# Posted: 14 Dec 2009 05:21
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PMDP
Friday + 12.50% closed in the green on the up tick
RSI LINE @ 47.77 spiking up
MAC D showing positive diversion
Slope positive
closed 0.00090
The stock held and rallied from $0.0008. This was support for 11 trading days in Nov. With the MACD crossing to the upside and the RSI rising imo there could be a rally to $0.0011- 0.0014
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mickymoose99
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# Posted: 23 Dec 2009 06:59
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PMDP
Yesterday traded down to and rallied from the 200 day moving average, last time stock traded at that price (0.0006) it rallied nicely to 0.0015, wich is through the current 50 day moving average (0.0010) looking for stock to trade in this range until it makes it's next move
RSI LINE @41.29 starting to curve upwards
Mac D running even
I believe we will go will see some price appreciation today
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GreenGiant
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# Posted: 23 Dec 2009 12:52
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PMDP-
+10% on the up tick
.0007x.0008 spread is tight
PMDP... 0.0008 has been resistance watch for it to pop through
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GreenGiant
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# Posted: 24 Dec 2009 07:30
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PMDP...
closed at the high yesterday, 0.0008 has been resistance for 4 of the last 5 trading days and support prior to that, I'm looking for it to get above this and trade up to the 50 day which is 0.0010. An open at 0.0008 or higher would break a trendline that can be drawn from the opening price on 11/13 to yesterday. I'm expecting a rally today.
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GreenGiant
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# Posted: 28 Dec 2009 11:21
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PMDP-
RSI-42.40
@ .0007
next resistance .0008
Bids are stacking .0006x.0007 , 5x1 last trade in green
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DeonLee
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# Posted: 28 Dec 2009 22:19
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Hi,
PMDP
Looks good information. This post can definitely help investor in comprehending stocks more. Thanks......
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zstocks
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# Posted: 29 Dec 2009 13:30
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PMDP starting to trade as if news is comming out. Keep an eye on it.
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mickymoose99
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# Posted: 4 Jan 2010 12:23
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PMDP
Holding strong @ .0006
Last 12 moves where buys
Bids are building 7 x 1
IMO i believe we will see .007 before the close
Starting to see positive movement
keep an eye on it
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