OriginOil: First prospective licensee for Clean-Frac process, possibly on a revenue sharing basis. - Analyst Blog
13 September 2012 - 10:42PM
Zacks
OriginOil: First prospective licensee for
Clean-Frac process, possibly on a revenue sharing
basis
Ian Gilson, CFA
OriginOil (OOIL) announced on
September 12, 2012 that it intends to license its proprietary
Clean-Frac process for cleaning oil/gas/solids/water mixtures
generated in the fracking process used to break oil shale
structures. A non-exclusive license will allow a licensee to
integrate Origin Oil's technology into its own brand clean-up
systems and pay OriginOil a royalty based on a share of the
revenues.
The company has a prospective licensee that has done a significant
amount of design work integrating the clean-up systems and has
received very positive feedback from potential customers. This type
of business may be the largest generator of revenue to OriginOil
since the potential market for such systems could approach a
trillion dollars per year.
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