Lithium Exploration Group Inc (OTCMKTS:LEXG) May Be A Game Changer

Oil companies are constantly searching for ways to increase the efficiency of production, lower production cost, and protect the environment. Lithium Exploration Group Inc (OTCMKTS:LEXG) has developed a technology that may serve all three purposes. Lithium Exploration Group is a US-based exploration and development company focused on the acquisition and development potential of lithium brines and other precious metals that demonstrate high probability for near-term production. Currently, the company is focused testing its SonCav Technology and the acquisition of oil and gas related assets in Western Canada.The SonCav Technology is to be used by oil drilling operations that use the hydro-fracing method to increase the production capacity of oil wells. At the drill sight, the technology will intake the oil/frac-water mixture as it comes out of the ground and separate it by heating it with an ultrasonic generator. The result is oil that is refined to a point that it can be transported via a pipeline. The technology provides other great ancillary advantages. The by-products resulting from the process are significant amounts of steam, and the impurities released from the frac-water, which include lithium. The steam will be used to power a generator to produce electricity. The lithium, and other precious metals that may be present in the frac-water will be harvested and used for the production of batteries, and other products. Also, once the steam is condensed back to water, it is clean water that can be reused in the fracking process, or be safely returned to the environment. Perhaps the greatest advantage of the technology is that the unit is powered by an electric motor, unlike the current technology that uses gas fired heaters to heat the oil/frac-water mixture, resulting in smog emissions. The technology will be powered by electricity, much of which will be generated by the steam-turbine, and will emit zero emissions. This will lower cost from processing oil, and from EPA taxes resulting from smog emissions.On February 28, 2017 Lithium Exploration Group announced that it is in discussions with an oil and gas producer to take the first commercial order of a Sonic Cavitation Ltd Ultrasonic Generator later this year.

"We are excited that they were able to witness the unit in operation last week. They feel that the reduction in chemicals and the reduction in burner use in their treater will be more cost effective than the manner in which they are running their field today," commented CEO Alex Walsh. "There are so many environmental advantages to the way that we propose to treat field oil, but to get the product to market we still need to show that it is economically more efficient than traditional applications. We are initiating the design process right now and intend to build a skid-mounted unit that would be repeatable for other customers and applications."

On February 23. 2017, Lithium Exploration Group announced preliminary results from testing conducted the prior week. The Sonic Cavitation Ltd Ultrasonic Generator was configured to evaluate the technology's flow capacity in the heat treating of oil. Preliminary results for heating oil to 160 degrees Fahrenheit at a flow rate of 36 barrels per hour indicates that the Ultrasonic Generator may be as much as 1000% more efficient in the separation of gas and water from oil than the conventional separators that use burner tubes and combustion of natural gas.

Lithium Exploration Group ’s stock price started 2017 at $.002 after a gradual retrace from a bounce that got as high as $.02. Since the start of the new year the stock has had one price spike to a high of $.011, and immediately returned to where it is now at $.002. There is a notable increase in overall volume in 2017. Current market capitalization stands at $1.97 million, on 984.52 million shares outstanding as of March 10, 2017.The financials show no revenues to speak of. While this may be a “cause for pause,” if Lithium Exploration Group can deliver on the promises of its new technology, the revenue will start to flow. At which time LEXG become a definite buying opportunity. We will be updating our subscribers as soon as we know more. For the latest updates on LEXG, sign up below!Disclosure: We have no position in LEXG and have not been compensated for this article.