The numbers don’t lie. Investment into emerging E&P technologies were nearly non-existent in 2003, at just $57 million. Since then, E&P technologies have attracted nearly $7 billion in private investment from 497 unique transactions...
Los Angeles, CA (PRWEB) December 09, 2014
OriginOil Inc. (OTC/QB: OOIL), developer of Electro Water Separation (EWS), the high-speed, chemical-free process to clean up large quantities of water, announced today that in a letter to shareholders, CEO Riggs Eckelberry reported that an OriginOil test site in California is now planned by year-end. The site will be open only to prospective industry licensees and customers. It will also provide a test bed with an Energy Producer in the heart of the California heavy oil play.
The full report is now available on OriginOil.com's website at http://www.originoil.com/ceos-update/our-california-research-center
He also reported that, according to the latest newsletter from Lux Research, deal flow in emerging Exploration and Production (E&P) technologies has been accelerating since 2003. During that period, such technologies have attracted nearly $7 billion in private investment from 497 unique transactions.
OriginOil is an emerging E&P technology play, potentially benefiting from this trend.
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