I have a Patent Pending method of recovering oil or gas from a POOL that allows Production at levels the same as when it was originally producing before the RESERVOIR was Abandoned . A standard Industry deal is a 2% Gross Overriding Royalty from the proceeds of the POOL . The METHOD if it becomes a new STANDARD PRACTICE will greatly increase the World Supply of OIL & Gas . I Research to find POOLS that have a thick PAY ZONE that will not be depleted when the Primary phase is complete. Average POROSITY and PERMEABILITY WILL ONLY ALLOW A 20% RECOVERY during the Primary Period . A waterflood EOR will be counter-productive as after some short term gains there is the forming of blobs of Oil that clog the production tubing apparatus after an additional 25 % RECOVERY . Reservoirs are ABANDONED and their is usually 55 % of the OOIP ( Original oil in place) left . My approach will allow another 30 % RECOVERY . That will DEPLETE THE POOL to about 75% . A 400 million Barrel OOIP results in 120 million barrels of oil being produced using my method .( for a value of 120 mm barrels x $100/ bbl equals $ 12 Billion USD).
HOD Research Corp. is looking for an ANGEL INVESTOR that has contacts in the OIL & GAS industry that will see the BENEFIT of Investing in this PATENT PENDING method and raise the profile of their company as they become INNOVATORS and GROWTH companies for their SHAREHOLDERS . The 2% GOR to HOD Research will be a windfall as their become more and more adopters to the method . The idea is original and a Patent will allow for zero competition for 20 years .
Ready to Ask For Funding for your company?
Post a Funding Request