Make your money go further for just 25p per day

Corac Group - new agreement is a big vote of confidence in the technology

25/08/2010 · TP Group (TPG) 

Having announced somewhat disappointing interim results earlier in August (Revenues £0.05m, net loss £2.41m with no major revenues received from JIP partners), the AIM quoted developer of energy efficient compressor technology has announced a new agreement with an independent exploration & production company with gas interests in the United States – Texas based?

The project is to develop, build, test and field trial the Group’s Downhole Gas Compressor (“DGC”) in a depleting well in North America with the aim of accelerating gas flow through artificial lift, thereby increasing production and extending the life of the well. The development phase is expected to take approximately twelve months followed by a six month field trial.  The agreement has a maximum value of $1.5m, based on achieving milestones over a period…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on TP Group

Hydrogen boost for a little-known engineer

16/02/2021 · Company Insights

Shares in a previously un-remarkable engineering group covered here received a welcome boost on news that…


Corac Group plc (AIM:CRA) – yet another study but when will revenue arrive from all this IP?

29/06/2012 · Company Insights
The highly rated (at least in terms of valuation!) technology-led engineering group announced yesterday that its…

More Company Insights

AIM new arrivals and departures October 2024

08/11/2024 · GenIP · Pulsar Helium

Challenging outlooks | Reassuringly boring | Hidden value

Stonking Small Cap reports cracking results

06/11/2024 · dotDigital

Sign-up to our free email updates

SIGN UP