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WPWR (WellPower, Inc.)


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wpwrWellPower Inc. (WPWR) is a Texas based company who holds an exclusive license from a publicly traded company in Canada, ME Resource Corp., that has developed a new technology solution to process raw natural gas into liquid fuels and clean power.

The Wellhead Micro-Refinery Units (MRU) is a new cost efficient, mobile, and scalable technology solution that simultaneously reduces carbon dioxide emissions and converts wasted natural gas, including flared, vented, shut-in, and stranded gas, into clean fuel. In addition, the technology solution has the potential to produce valued end products including engineered fuels such as pipeline synthetic crude, heat, and electrical power.

Gas Flaring, also known as a flare stack, is a gas combustion device utilized in industrial plants such as chemical plants, petroleum refineries, natural gas processing plants, offshore oil and gas rigs and landfills, and is currently one of the largest energy and environmental challenges worldwide. In fact, an estimated 150 billion cubic meters of natural gas is flared into the atmosphere each year worldwide and consequently, representing a tremendous waste of natural resources and contributing 400 million metric tons of carbon dioxide equivalent global greenhouse gas emissions.

These 150 billion cubic meters of flared gas is roughly equivalent to:

  • One year gas use of all U.S residences
  • 23% of natural gas use in U.S
  • 30% of natural gas use in Europe
  • 5% of global natural gas production
  • $10 billion in lost revenue at gas price of $2.00 per MMBtu
  • 2.4 million barrels of oil equivalent per day

Currently, WPWR is seeking to Commence its Operations in the state of Texas, which is one of the current states with the highest amounts of natural gas flaring and venting, with a Pilot Project and will expand into other geographical areas such as include North Dakota, Oklahoma, Colorado, New Mexico, and Wyoming who face the same challenges.

 

Symbol: WPWR   [ Current PPS: $0.093   Outstanding Shares: 107.9M   Float: 49.2M   – a/o May 15, 2014 ]

wpwr chart

Website(s): www.wellpowerinc.com

Market

  • Gas Flaring is one of the biggest energy and environmental challenges in the world today.
  • The U.S is among the top 10 natural gas flaring countries in the world.
  • The state of North Dakota flares  approximately $100 million worth of natural gas every month
  • According to the Rail Road Commission of Texas, the number of flaring permits issued by the commission increased 462% from 651 permits in 2011 to 3,012 permits in 2013, which corresponds with the increased drilling permits as well.
  • Research estimates Texas will produce in excess of 3 million barrels a day to become the largest oil producer in the world, moving ahead of Iraq, Mexico, and Kuwait.
  • Research by Sierra Club.org, states a loss of $1 billion in fuel resulted from flaring in 2012.
  • The U.S Energy Information Administration forecasts the natural gas market production will increase from 2012’s 69.2 billion cubic feet of gas per day in 2012 to 69.9 billion in 2013 and to 70.5 billion in 2014.

 

Recent News

  • The company’s CEO and Director, Cristian Neagoe actively hosts webinars for shareholders and investors to learn more about the new flare reducing technology and have had strong participation thus far.
  • The company is currently seeking to acquire additional territories, including other high flaring states such as North Dakota and Wyoming to utilize its technology solution.

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