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Insiders Pick Of The Week- ORTE .Pk
Company: Oretech, Inc.
Ticker: ORTE . Pk
Current-Price: .57
52Wk High: 1. 60
Estimated 3-5 Day target: 1.10+
Estimated-6months-target: 2.32
Oretech Announces Cost Effective and Environmentally
Friendly Method of Extracting Oil from Tar Sand.
Oretech, Inc. (ORTE . Pk - News) announced
that the company is in the final stage of an agreement
to obtain a limited license for a newly developed
method of extracting oil from Tar Sand while being
extremely environmentally friendly.
Could the price per barrel of oil be radically reduced?
Could the US significantly reduce its dependency on oil
imports?
H. Stephen Shehane, CEO of Oretech, believes that the
solution exists now that will enable the US to utilize
its own resources and reduce dependency on foreign energy
sources. Shehane stated some of the highlights of this
unique proprietary system:
-The proprietary system utilizes an unconventional heat
source
-No depletion of precious natural gas or coal reserves
-No polluted water or chemicals are released into the
environment
-The small amounts of water used in processing remain in
a closed system
-Requires no chemical catalysts
-Extremely low consumption of electrical energy
-Recent tests, consistently extracted higher percentages
of bitumen than published extraction ratios from any
other extraction method
-Environmentally friendly
-The ability of the proprietary technology to also be
used in refining crude oil is an additional potential
benefit
Shehane believes that this proprietary system could
rapidly revolutionize the present known systems for
extraction of oil from tar sand and help reduce US
dependency on foreign oil imports while significantly
reducing the cost per barrel of oil and avoiding
pollution of the environment.
Oretech, Inc. has developed a proof of concept model
that represents a breakthrough in oil extraction from
Tar Sand processing technology. Its business model is
to be a leading edge developer and licensor of
proprietary innovative technology that reduces the cost
of extraction of noble metals (Gold/Silver/ Platinum/
Titanium) and energy resources (Oil Extraction from
Tar-Sand and Shale). Focusing on reducing pollution
of the environment, Oretech is known for its
breakthrough materials processing technology, which
extracts specific minerals from diverse feedstock and
raw materials without the use of harmful chemicals or
the emission of environmentally unsafe gases. For full
details and links to all the company's products and
services.
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