Company Profile: Sequoia Interests ( SQNC.PK)
Current Price: $0.95 (Up From $0.49 on 09/08/04)
Market Capitalization: $6.5 MILLI0N Est. Shares Out: 18.7 MILLI0N Approx. Float: 1.5 MILLI0N Industry P/E: 36x
Major Breaking News!
Canadian Oil Sands Extraction Solution! Sequoia's DiamondFlo Displaces Oil from Tar Sands in Lab Tests.
Tuesday September 14, 10:55 am ET
Here is an excerpt from that announcement:
HOUSTON--(BUSINESS WIRE)--Sept. 14, 2004--Sequoia Interests Corporation (Pink Sheets:SQNC - News), developer of a new proprietary enhanced oil recovery chemical formulation, is very pleased to report the Company's DiamondFlo(TM) has yielded stellar results in displacing oil from Canadian Tar Sand samples in laboratory tests. DiamondFlo(TM) displaced a significant quantity of the adhered oil from tar sand samples in the initial feasibility tests. Work is now underway to define the precise degree of oil removal and to optimize the oil removal process using DiamondFlo(TM).
The Canadian Tar Sands fields are recognized as the mother lode of hydrocarbons on Earth. Conservative estimates of oil reserves in the surrounding area of Fort McMurray, Alberta, Canada total 1.6 trillion barrels of oil, of which 330 billion barrels of oil are deemed recoverable. By comparison, Saudi Arabia has proven reserves of 262 billion barrels of oil. A primary difficulty in developing the Tar Sands region is extraction. The oil does not flow as crude from other oil producing regions but is more akin to a molasses-like sand. Separation of oil from the sands is the major challenge to development.(Press Release Source:Sequoia Interests Corp.)
What if a company had a product that would allow oil wells to produce much more oil?
What would that stock be worth with today's oil prices close to 45 per barrel ?
10, 20, 30, 100 dollars ? and now several of the major oil companies are currently testing the product. At 0.95 we think SQNC is a homerun.
About the Company: Sequoia Interests ( SQNC.PK)
To solve this problem, the oil industry is looking for new alternatives for increased exploration and production. The clear solution for increased demand and consumption can already be found in the ground, with nearly two thirds of oil left in the ground at US wells, too technically complex or expensive to extract with traditional technologies. Enhanced oil recovery (EOR) is an exciting new frontier in the oil and gas industry which you are guar-anteed to hear more of in the coming years. Typically, EOR involved gasses and heat to stimulate oil flow and recover fluids in ground after primary and secondary production has ended, but these EOR technologies have proven to be cumbersome and costly.
SQNC has already recei-ved strong interest from major oil and gas companies for testing and potential licensing of this product, and is in the final stages of the research and development of DiamondFlo. With testing expected to be completed in the next 60-90 days, and planned patent application shortly thereafter, we expect major announcements from SQNC will cause major price gains for this stock over the coming months! What is more, DiamondFlos unique chemical properties, make it an ideal solution for a number of other application in the oil & gas industry, including remediation and environmental cleanup of oil fields, refineries, and storage facilities- an estimated $8.1 billi0n market 0pportunity! With this revolutionary product in the development pipeline, SQNC has also made some aggressive moves into oil and gas production with its recent acquisition of leases in Pecos Valley, Texas. These operations will act as a test-bed for development and validation of the DiamondFlo product and provide an additional revenue stream and source of cash flow for SQNC.
SQNC is one of the hottest investment opportunities we have seen in the past year, and with commercialization of its DiamondFlo product looming near, we feel that it is only a matter of time before Wall Street recognizes this undervalued stock. What is more, SQNC is positioned within an industry that has seen tremendous upside growth, and is headed for even more appreciation as the global oil crisis demands new production solutions. Over the last twelve months, the oil well services & equipment industry has seen an average price gain of more than 88%, and savvy investors in emerging companies have witnessed tremendous pr0fits. We believe that SQNC is one of the most revolutionary new companies on the market, and presents a money-making 0pportunity that cannot be missed. With major announcements stemming from the completion of R and D on DiamondFlo, SQNC should make a nice move in the coming days.
A Few Reasons to Own SQNC:
1. With its innovative DiamondFlo product, SQNC is positioned to help alleviate the impending oil and gas crisis, with producers struggling to keep up with growing US energy demands, as foreign exploration and production comes under increasing geopolitical pressures. Increased consumption demands have combined with an increasingly unstable international production climate to create some of the highest prices seen at the pump since the 1970s oil embargo, and crude oil prices on the spot market have recently approached the $50 mark. As oil companies seek new ways to maximize domestic oil recovery, the chemical EOR approach of SQNC will be a major factor in increasing production and removing dependence on foreign oil.
2. Enhanced oil recovery (EOR) represents the logical next step in expanding domestic oil production, and represents a tremendous and presently underappreciated market potential. Over two thirds of oil in US reservoirs is left unproduced after primary and secondary production, leaving an incredible and untapped source for US energy needs. According to the US Department of Energy, EOR has the potential to recover 35 billion barrels of oil, 50% more than the current US proven reserves of 23 billion barrels, and even greater than the US estimated undiscovered potential of 30 billion barrels. With its DiamondFlo chemical EOR solution, SQNC is ideally positioned to benefit from a renewed focus on production from these untapped oil reserves.
3. SQNC has developed a revolutionary chemical EOR product, DiamondFlo which offers tremendous advantages over thermal and gas EOR methods. Thermal and gas (primarily CO2 injection to stimulate production are costly and require a complex infrastructure, while other chemical EOR products have had limited success and are environmentally damaging. By contrast, DiamondFlo is expected to generate recovery of 20-40% above current methods, is environmentally safe and meets strict regulatory standards for oil recovery and remediation, and will be available to producers at a comparable price point to competitive products. With introduction of DiamondFlo to the market following completion of testing and development, SQNC is poised to revolutionize the oil & gas industry with this innovative approach to enhanced oil recovery.
4. In addition to its principal application in EOR, SQNCs DiamondFlo product has additional applications in the $8.7 oil and gas remediation market. During the testing process, DiamondFlo has demonstrated exceptional remediation properties, with static remediation tests determining that it removed more than 80% of hydrocarbons from soil with no significant hydrocarbon emulsion (mixing of oil and water). This discovery paves the way for eventual application in environmental cleanup of oil facilities or spills, and opens up a tremendous new market for SQNC. Since 1992, the American Petroleum Industry estimates that over $90 billion has been spend by the oil and gas industry to protect the environment, with $8.7 billion spent annually in environmental expenditures.
5. Complimenting its primary focus on the development and commercialization of DiamondFlo, SQNC has opened up a promising new operation and revenue stream with its acquisition of oil and gas leases in Pecos Valley, Texas. SQNC has formed a subsidiary, NorthAmerican Energy Gr0up, Inc. to focus on the acquisition and operation of leases with proven reserves that can benefit from application of SQNCs EOR technologies. These acquisitions will provide an additional revenue stream for SQNC, in addition to acting as a test platform to validate the Companys DiamondFlo product. SQNC has recently acquired a 110-acre lease in Pecos Valley, Texas and intends to pursue additional acquisition 0pportunities as they arise.
6. SQNC benefits from its balanced and experienced executive senior management and advisory team, who have a wealth of experience in the oil and gas industry. President and CEO John King has more than twenty years of accounting and financial management with established and growth companies, specializing in contract negotiation, corporate relocations, tax structure, procedural controls, and negotiation of cr-edit terms. CFO Robert Taylor has more than 23 years experience in financial management experience in the petroleum industry, with past positions including VP of Operations for a Fortune 500 service company; and VP of R and D Ron Knocke has been a senior technical and management personnel in the petroleum industry with positions at Core Laboratories and NGPL, in addition to project development and evaluation which have resulted in the discovery of more than $125 milli0n in recoverable reserves.
This publication is an independent news-letter with the goal of giving investors the necessary knowledge to make rational and PR0FITABLE investment decisions. This publication does not provide an analysis of the Company's financial position and is not an 0FFER to b.uy or sell securities. Investing in securities is speculative and carries risk. It is RECC0MENDED that any investment should be made after consulting with your investment ADVIS0R and after reviewing the financial statements of the company. The information in this online report is believed to be reliable, but its accuracy cannot be assured. Past performance does not insure similar future results. This is not purported to be a complete and thorough analysis of the featured company and RECC0MENDS a complete review of the Company's regulatory filings at sec.gov. The information herein contains future looking statements and information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding expected continual growth of the featured company. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be future looking statements. Future looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Future looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions may, could, or might occur. The publisher discloses the receipt of twenty seven thousand five hundred D0LLARS from a third party, not an officer, director, or affiliate shareholder of the company for the preparation of this online report. Be aware of an inherent conflict of interest resulting from such compensation due to the fact that this is a paid publication. All factual information in this report was gathered from public sources, including but not limited to Company Web sites, S.E.C. filings and Company Press Releases. This information is believed to be reliable but can make no absolute certainty as to its accuracy or completeness. Use of the material with in this on-line news-letter constitutes your acceptance of these terms. circuitry icosahedral excelsior discoid magnum blvd moran lopez scarce empress whole sub phenolic troika banish combustible paddle emulate gloomy blindfold quezon dew virile hatchway discus biochemic tulane ,capture crummy rib radical spacesuit unchristian agnew chairwoman gusto kinshasha .fragile plop tussle falter playwright save hebe ndjamena voracious afghan alp stove vivace abutting manzanita parallel polymer kill extolling convex stormbound cabinetry innards erik awful youngish bearberry drab proclamation selfridge chalkline ,capella flammable spell insomnia squander multiplexor alkaline diffractometer vectorial advisor spearhead kettle wayne offprint apache marginalia pageant costume laramie ditty titrate crucible picayune crap everywhere cousin ditzel infelicity dodson cedric chenille duopoly cumberland choppy buckboard fare escherichia .