On 8th October’14, BrilliantPennyStocks.com initiated coverage on FROT. The stock moved up by 145.24% since the coverage was initiated.
Falconridge Oil Technologies Corp (OTCMKTS:FROT) recently shared with the investor and the analyst community its road map to grow its proprietary Terra Slicing Alternative Fracking Technology.
All Set To Monetize Terra Slicing Technology
The emerging oil and gas technology platform provider disclosed to its shareholders that it is very close to monetizing its patented
Terra Slicing Technology™ plans to commercialize the technology platform by offering it to other oil and gas mining firms as a technology demonstrator program. It also spelt out the roadmap being pursued to grow the firm into a bigger enterprise.
CEO Speak
Commenting about the development, Falconridge Oil Technologies Corp (OTCMKTS:FROT) CEO Mark Pellicane went on to state that “The many recent improvements made to the technology have positioned TST to become a leading alternative and improvement to traditional fracking techniques and well stimulation for most low-volume under-performing oil and gas wells. The opportunity to become a leader in providing this revolutionary new technology and service to oil and gas operators is truly enormous."
The company management team feels that the third generation Terra Slicing Technology™ is all set to revolutionize the existing oil freaking and well completion scenario. The technology platform is being touted to be able to increase the production of currently under delivering oil and gas assets. The firm claims that this is possible by the use of precision excavation techniques that the firm follows in addition to quarantining of “damaged productive hydrocarbon zones.”
Increase In Productivity Observed
The new technique also attempts to increase the permeability and works at expanding the existing drainage area. These changes in traditional process in addition to preventing damage to permeation by reducing the use of explosive charges to increase permeability are some the different approaches that the Terra Slicing Technology™ builds on.
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