This Undiscovered Tech Company, Petrosonic (PSON), holds the key to:
Freeing up 33% of America's in-demand pipeline capacity
Making big-oil eager to save 15-20 dollars per barrel shipped
Eliminating environmentally toxic 'diluent' chemicals
Reducing America's reliance on shipping oil by rail
Not to mention the chance
for YOU to experience exploding returns...
And believe it or not, there's far more to Petrosonic's (PSON) story that I'll reveal to you along the way.
Like how Petrosonic's proven technology also holds the key to the economical development of...
6 trillion barrels of additional oil…
You heard me right, 6 TRILLION BARRELS.
On top of that, this cutting-edge, game-changing
patented technology also. . .
Slashes the cost of refining heavy oil by 8-14 dollars a barrel.
Radically improves heavy oil quality, marketability and pricing.
Is 100% environment friendly.
Eliminates 40% of Sulfur content.
Cuts metals content by approximately 70%.
You Could Have Made a Fortune If You’d Invested When Horizontal Drilling and Fracking Signaled the Shale Oil Revolution.
Now, another new technology, PSON’s “Sonic Separation” sets the stage for the NEXT revolution.
Tens of new billionaires and hundreds of new millionaires were made over the last several years when savvy investors were early to recognize a revolution was taking place in the oil industry.
I’m talking about the shale oil revolution made possible by incredible advances in horizontal drilling and an ingenious process called hydro-fracturing.
Advances in engineering now enable a drill-bit that’s already fought its way vertically through a mile of solid rock to turn sideways and continue drilling horizontally for another mile or more.
Then, through a process of high-pressure steam and chemicals called hydro-fracturing, oil is “squeezed” from the rock along the entire length of that horizontal drill hole and pumped to the surface.
These amazing new technologies have made North Dakota the Saudi Arabia of light sweet crude. The shale oil revolution represents a major step in America’s path to energy independence.
Maybe you caught that wave of opportunity. Maybe you had yourself a piece of Kodiak energy (good for a profit of 5,557%) or Northern Oil and Gas (you could have raked in a gain of 1,372%).
Great if you did.
But don’t fret if you didn’t.
Because you’re about to get another shot. Act now and you can cash in big time on America’s NEXT oil revolution.
Now, just as the shale oil revolution was made possible by the development of two incredible new technologies, another new breakthrough technology is about to enable a second major revolution.
It’s going to reshape America’s (and the entire world’s) oil industry.
The next and soon to explode revolution is really all about. . .
The Age of Heavy Oil
Heavy oil, as you probably know, is the thick, gooey stuff trapped in oil sands.
We’ve known for decades that (according to the U.S. Dept. of Energy) the U.S. alone sits atop an estimated 180 billion barrels of heavy oil.
But the problem with heavy oil is that – until now – it’s been too thick and gooey to send through pipelines without a costly process of dilution.
Heavy oil also contains high levels of sulfur and heavy metals that make it expensive to refine. In fact, only a limited number of refineries can handle heavy oil.
As a consequence, heavy oil sells at a 30-40 dollar discount over the price of light sweet crude.
A second chance to get in on the ground floor:
The heavy oil revolution
The heavy oil age is about to be launched by an incredible new patented technology that takes that thick, gooey heavy oil as it comes out of the ground and – on the spot, right at the well head – converts it into a nice, free-flowing semi-liquid that can be pumped easily through conventional pipelines without costly refining or dilution by environmentally toxic chemicals.
Now, that's a bold claim, but as you'll see, you have far more than Petrosonic's word on it.
And I guarantee you I'll get to all the technical details a little later.
But first I just want to give you a quick overview of the potential this one company and it's revolutionary technology has for impacting the oil industry...and your net worth if you're smart enough to be holding Petrosonic (PSON) in your portfolio.
So, like I said above, this technology makes it possible to process heavy oil such that it can flow through a pipeline. It's called Partial Upgrading…
Partial upgrading means no more need to dilute the oil so it can move through a pipeline only to be processed at some distant full upgrading facility. The result: partial upgrading has become more attractive to America's oil industry.
But how is on-the-spot partial upgrading possible?
Well, one of the most alluring facts about Petrosonic's process is that the capital expenditure or 'capex' needed to set up a plant is so very low. How low?
We're talking only 7.4 million dollars for a 1000-barrel-per-day plant. That's compared to hundreds of millions of dollars needed for plants that use competing processes.
With Petrosonic, as many of these lean-and-mean plants as are needed can simply be set up right at the source. In other words, this is a scalable solution for processing heavy oil.
But wait, it gets better than that. Thanks to on-the-spot processing, the heavy oil isn't so heavy any more.
That means oil companies don't have to add diluents to thin out the oil so it can move through pipelines. And no diluents means the pipeline companies can suddenly ship about 33% more oil.
Now, you might be wondering why should you care about any of this? What do big-oil and pipeline companies have to do with you realizing enviable returns?
Well, all these factors come together to present you with 2 unprecedented money-making opportunities. And here they are. . .
First Money-Making Opportunity
The vast majority of crude oil shipped in America and Canada already moves by pipeline. That means big-oil has a huge vested interest in pipeline effectiveness. And that means anything...and I mean ANYTHING...that makes pipelines more effective, makes big-oil richer.
With Petrosonic in the picture, and no diluents needed, big-oil can realize shipping at less cost. How much less? About 15-20 dollars per barrel. . . not that ALL those savings would get passed on to big-oil...Petrosonic will be sure to take its fair share first. But every dollar of savings that DOES get passed on to the big-oil companies means 100% marginal profit for them.
And THAT'S why they'll want to invest in Petrosonic's technology. And whether Petrosonic's price goes up as a result, or they get bought out, you win either way...if you're holding PSON's stock
Second Money-Making Opportunity
Transporting oil by pipeline compared to rail is already much cheaper. And with the cost of diluent taken out of the equation, shipping by pipeline becomes even cheaper, which not only makes big-oil richer, but also guarantees they won't want to ship any other way.
So all the more reason for them to invest in Petrosonic's technology. And once again, whether Petrosonic's price goes up as a result, or they get bought out, you win either way...if you're holding PSON's stock.
But big-oil companies aren't the only players that will be itching to invest in this patented technology.
No diluent means more room available in the pipelines. Which means more oil being shipped. Which means the pipeline companies make more money too since they get paid royalties for each barrel shipped. So they'll have their own reasons to invest.
Still other billion-dollar players that will
want to get their hands on Petrosonic
Yes, big-oil will want it. Yes, pipeline companies will want it.
But there's also the fact that Petrosonic's partial upgrading process raises the once-heavy-oil's API gravity to the 16° to 21° degree range. (API measures how heavy or light oil is. As API goes up, the oil not only flows through pipelines more easily. . .it can also be refined more easily.)
And that gives U.S. refineries – yet another group of billion-dollar companies – a huge reason to be interested in Petrosonic's (PSON) technology.
Why's that? Because most U.S. refineries miss out on this huge market because they simply can't refine heavy oil. But thanks to the Petrosonic process, and the oil now having a lighter API, more U.S. refineries will have more product they can refine.
On top of all those reasons for billion-dollar companies to be interested in Petrosonic's patented technology, there also the simple fact that higher API oil is more valuable. . .the very process of partial upgrading results in an oil that fetches higher prices.
Just how much do you think the big boys will be scrambling over each other for a way to make a technology like that their very own. . .or at least get a license for it.
And I haven't even mentioned yet that Petrosonic's partial upgrading process...
Slashes the cost of heavy oil by
as much as 14 dollars a barrel
Not only does this patented technology make heavy oil more cost-competitive with conventional oil, this breakthrough process also eliminates 40% of the unwanted sulfur content and 70% of the heavy metals.
And, its environmental impact is zero. No chemicals, no toxic wastes.
And it’s super energy efficient, not requiring huge amounts of electricity.
Not to mention that it uses far less solvents than other companies out there trying to compete in the emerging partial-upgrading space (Petrosonic's solvent ratio per barrel of oil is between 2:1 to 4:1 while its competitors' solvent ratios are from 4:1 to 8:1. . .or more than twice PSON's upper limit.)
So, if you missed phase one of the shale oil revolution – the development of horizontal drilling, fracking and the rush to develop the vast Bakken oil shale of Wyoming and South Dakota. . .
Now’s your chance to get in on the next big thing – phase two of the revolution is making all that heavy oil economically competitive.
Making heavy oil more affordable is the answer to the world’s energy crisis.
It means your children, or your grandchildren, or even their children, will never run out of oil.
It could also mean you’ll never ever run out of money again. Provided you get yourself some Petrosonic stock (PSON) now while it’s still trading around 40-cents.
All of big oil is going to have to have this patented technology. They’ll be willing to pay dearly for it. That’s why I consider this a massive opportunity for:
10X Your Money – It’s almost a given as soon as the rest of Wall Street realizes that this is a true game-changer.
20 X Your Money – is much closer to my down-the-road expectation.
50 X Your Money – isn’t unrealistic if an Exxon or BP decides it wants to own the exclusive rights to the technology.
I cannot say it more clearly nor urgently:
You should be buying shares of Petrosonic (PSON) NOW while you can still get them around 40-cents.
Why am I so certain PSON will be a huge long-term profit maker (potentially delivering even bigger returns than if you’d gotten in on Apple)? Five indisputable facts:
If you’re interested in getting in early on the
NEXT really big thing. . . this is it:
My name is Tobin Smith. I am the founder and CEO of NBT Equities Research LLC – a firm dedicated to Main Street investors. But my specialty is alerting investors to big trends before they break. I’ve done this through my New York Times best seller Change Wave Investing – that details how to pick the next Mega-Trend, monster stocks in the new world economy – and my Amazon #1 best seller Billion Dollar Green.
NBT’s energy stock picks have outperformed the overall market in 2014 by 500%--and we are just getting started. Our Emerge Energy Services (EMES) up 451% since its IPO… over 151% this year alone. It’s the best performing IPO over the last 3 years. EQT Midstream Partners LP up 60% this year and 259% since we first started covering it. Hi-Crush Partners up 51% this year…240% since we started our coverage.
Energy technology and infrastructure is THE PLACE to be in the market without question—and we are the #1 performing newsletter in the space.
Compare our returns with the 2.9% three year return of the average venture capital fund as recently reported by Cambridge Research. Or the S&P 500 index up a whopping 5% this year.
In short, we’ve been on a massive roll…and we are just getting started.
I’m writing to you today to tell you about the next big thing:
The Age of Heavy Oil
(It’s not so “HEAVY” anymore)
Just the ugly fear that Iran could choke off the world’s supply of conventional oil by blockading the straits of Hormuz is going to explode this still-undiscovered tech stock (PSON) through the roof.
Because the world’s only viable alternative to Middle East oil is what’s known as heavy oil. Heavy oil is abundant, but, as I’ve been saying, until now, it has cost a lot more to bring to market than conventional oil.
But now, one high-tech company, Petrosonic (PSON), has a patent on a breakthrough technology that slashes costs by 8-14 dollars a barrel. It means suddenly, there’s about 6 trillion more barrels of economically-recoverable oil available to the world.
And vast amounts of that heavy oil are right here in the U.S.
The affordable development of heavy oil is about to reshape the oil industry.
And getting in now on the revolutionary breakthrough that will make it all possible, could be like being an early investor in Rockefeller’s Standard Oil. Heavy oil is about to undergo explosive growth.
According to the International Energy Agency (IEA), about 70% of the world’s known oil reserves (some 6 trillion barrels) are heavy oil, characterized by high viscosity (resistance to flow).
According to the U.S. Department of Energy, we’ve got up to 180 billion barrels of recoverable heavy oil right here in the United States.
How much oil is that?
Adding 6 trillion barrels to the world’s oil reserves will turn energy markets upside down and redistribute the international balance of power.
It means even oil-hungry China and India will be able to get the oil they so desperately need.
And it could make millionaires out of savvy investors who get in early.
This is about making America’s (as well as the rest of the world’s) vast and until-now, prohibitively expensive reserves of heavy oil, commercially competitive with conventional lighter crudes.
Until now, those thick, molasses-like heavy oils have been costly to bring to market, because they couldn't be pipe-lined or refined without extensive, costly, and environmentally-damaging processing.
Until now, that is.
I’m talking about a patented, breakthrough technology that. . .
eliminates all of the cost and environmental roadblocks
that have impeded the development of America’s vast,
(180 billion barrel) heavy oil deposits.
Overnight, this amazing technology means that there is enough oil to keep the entire world going for another hundred years or so.
In a moment, you’ll understand. . .
This is one of those defining technological breakthroughs, like Edison’s light bulb. . .or Kittyhawk. . .Sputnik. . .or the microchip, after which nothing was ever the same.
I kid you not.
In essence, we’re talking about. . .
Upping the world’s supply
of economically recoverable oil by 70%
And best of all, very few American investors are aware yet that Petrosonic (PSON) has recently announced the successful completion of a third party engineering feasibility analysis and validation of its proprietary Sonoprocess™ sonic de-asphalting technology.
In other words, it isn't only Petrosonic that's making these claims. Instead, an independent engineering firm has now verified and reaffirmed the strong results Petrosonic already obtained in their own internal testing.
Or to put it even more bluntly. . .
This stuff is proven to work
You see, on June 10, 2014, Petrosonic announced the good-news results they received from the engineering firm Gas Liquids Engineering (GLE). GLE is located right in the center of Canada's oil industry, Calgary, Alberta. And they're no stranger to partial upgrade technology.
In fact, one of Petrosonic's competitors, the 8-billion dollar company Meg Energy, also chose GLE to run its partial upgrade technology verification study.
Fortunately for Petrosonic (and its investors), PSON has a one-stage process – compared to Meg Energy's two-stage process – and a capex of only 7.4 million dollars – compared to hundreds of millions of set up costs for competing plants.
So how did Petrosonic (PSON) react to the good news? Here's just a bit of what Petrosonic's CEO, Art Agolli, had to say:
They were also savvy enough to file provisional patents on the base case scenario process used in the study.
In other words, PSON was already more cost effective by using less solvents, but now they also have a way to recover more of that solvent, making their technology even more efficient, valuable and desirable to those billion-dollar oil industry players.
But Petrosonic has its eye on creating more value still
You'd think that with this third party validation in their corner, the Petrosonic team might just settle back on its accomplishments and coast ahead to a massive buyout or sign licensing agreements with whoever agrees to pay the most to tap this amazing process. But not this team.
They want to create even more value. That's why they mandated another third party firm, Western Research Institute, to host a pilot plant that runs on a different solvent (liquid propane) than the solvent used in the base case study (pentane).
Why use liquid propane instead of pentane? Several reasons:
In other words, Version 2 of the Petrosonic process will be even better than Version 1.
In other words, this team is thinking smart. Thinking ahead. And thinking how to make themselves as attractive as possible to the oil industry's players.
Don't worry. In a minute you’ll discover all the fascinating details on Petrosonic and why it represents a paradigm shift in the energy world as you read on.
But briefly, before you get to the details, here’s what I think is likely to happen to this 40-cent stock, PSON.
Worth Trillions to Big OIL
Because heavy oil (70% of the world’s untapped reserves) is so critical to the future, big oil and China in particular, are absolutely going to need and want Petrosonic’s patented, cost-cutting technology.
Do you think China is dumb enough to trust OPEC for the oil it needs to keep its economy growing?
Do you think the Chinese are going to continue to put up with the Russians gouging them on the oil they export?
And with control of this heavy-oil game changer, China would control the world’s heavy oil reserves.
That’s why, starting this fall, I predict you’re going to see a steady stream of top-level, Chinese engineers and technology firms courting Petrosonic for the rights to manufacture and distribute the patented Petrosonic technology (not to mention the right to license it to other players in the energy industry).
Once China and the rest of big-oil engineers are confident this patented sonic reactor technology is scalable (which is made possible by PSON's lower capex of only 7.4 million dollars per 1000-bbl plant) and can be made to accommodate unlimited quantities of heavy oil (which their third party engineering feasibility analysis and validation announcement goes a long way toward), I expect you’ll see the Chinese butting heads with the Exxons and BPs of the world, jockeying to buy Petrosonic.
How much would China’s National Offshore Oil Corp or giant Exxon or BP pay to own an 18% cost advantage over its heavy oil competitors?
Who knows for certain. But given the trillions of dollars at stake, do you think 2 billion dollars sounds out of line? I don’t. Not at all. Not given some of the recent multi-billion deals made recently in the oil patch.
China National Offshore Oil Corporation (CNOOC), for example, paid 15.1 billion dollars for Canadian heavy oil producer Nexen in 2013. The Chinese will need Petrosonic’s patented technology to economically pipe all that Alberta heavy oil to Canada’s west coast for shipment to their homeland.
And if China were to buy sole rights to the technology for a mere 2 billion dollars, each of those shares of PSON that you can buy now for around 40-cents would be worth 30.95 dollars.
Am I being overly optimistic? I think not...
In fact, I think there’s a very real possibility that, long-term, you could do even better than that. It just depends upon whether Petrosonic settles for the fast money of a buyout, or decides to hang in and build its own heavy-oil empire.
For example, say some Chinese tech firm or energy player licenses the Petrosonic technology (which I'm sure they will). They'll have to pay a royalty for every barrel of oil produced using the Petrosonic technology.
Now, that royalty would probably be along the lines of 5% of the current per-barrel oil price. (The royalty might be even higher, but let's just say it's 5% for now.)
Even at a 5% royalty, I’m thinking Petrosonic might turn up its nose at even a 2 billion dollars takeover offer.
At an average of 100 dollars per barrel, a 5% royalty generates revenue for Petrosonic of 5 dollars a barrel.
Now, here’s where it gets really interesting.
According to an analysis recently published by World Refining & Fuel Services, heavy oil production is estimated to reach 12.3 million barrels a day by 2020.
If just ten percent of the world’s heavy oil producers have upgraded by then to the use of sonic reactors, (why would they not?) that would equate to 1.23 million barrels a day. With an average royalty of 5.00 dollars a barrel that works out to potential. . .
Daily revenue of 6,150,000 dollars
or annual revenue of 2,244,750,000 dollars
That’s 2.244 Billion dollars (with a “B”) per year.
That’s projected possible income in the year 2020. There’s also all the billions that would have come cascading in since Petrosonic’s early years.
And, note, that involves no capital outlay by Petrosonic. It’s a straight royalty deal for use of its patented technology.
Yes, it’s mind-boggling.
Look for a 5-bagger in the
next 6-12 months.
But, while your head is spinning with thoughts of immense future gains, let’s not lose sight of the near future. When Wall Street suddenly has that “aha moment” and grasps the full implications of this technology, I expect this 40-cent stock to climb quickly to 3.50 dollars. . .on its way to 4 dollars. . . and soon thereafter to 5 dollars.
My advice – Buy now at 40-cents. . .sell a quarter of your stock at 3.50 dollars for a five-bagger. . . another quarter at 4.50 dollars for a gain of 650%. . .and then forget about the rest of it until takeover rumors push it to the 25-30 dollar range.
Now are you beginning to grasp the scope of this thing? And why I’m urging all my readers to put some money into Petrosonic (PSON) now before Wall Street wakes up to all this?
Okay, let’s get into the details...
It’s a game changer.
It means that heavy oil is about to become cost competitive with conventional crude.
And, thanks to this new low-cost sonic technology, the process is 100 percent friendly to the environment. . .and represents an instant end to the environmental controversy often surrounding the heavy oil industry.
Conventional heavy oil upgrading:
Only works on a very large scale, a minimum 50,000 bpd
High Capital Cost of greater than 20,000 dollars/bpd capacity
Complex engineering involving very high temperature and pressure
Long lead time
Water intensive with environmental concerns.
Not only is the process itself environmentally friendly, but its outcome – partially upgraded heavy oil – means no need for toxic diluents in pipelines, which makes it doubly environmentally friendly.
But what about that nasty by-product of partial upgrading: asphaltenes? Usually considered a menace in the oil field, asphaltenes are best known for clogging wells, surface facilities and flowlines.
Once again, Petrosonic shines. They don't just provide ONE WAY to deal with asphaltenes. No, they provide THREE WAYS. . .they're even poised to use those ways to create revenue from complementary markets (more on how that helps make PSON a sure bet a bit later).
Only Petrosonic has the technology and it’s patented.
Petrosonic has developed a simple, cost effective commercial process that improves heavy oil viscosities by 99% to pipeline specifications while also reducing sulphur and heavy metals by over 50%.
Depending on regional markets, the Petrosonic process slashes the traditionally higher costs of processing heavy oil in half.
On a single 5,000-barrel-per-day operation, that means increased revenues of approximately 8 dollars per barrel, or around 14.6 million dollars per year (based on 100 dollars/bbl Brent oil).
Here’s the game-
Until now, heavy oil has been processed with the use of a de-asphalting solvent that separates the insoluble hydrocarbons from the component known as asphaltenes, which contains concentrations of Nickel, Vanadium and Sulfur.
The hydrocarbons are then filtered from the asphaltenes and the hydrocarbons are piped off to a refinery. It’s a costly, toxic and energy-intensive process that has severely handicapped the development of the world’s 6 trillion barrel heavy oil reserves.
Don’t wait until big oil
makes a move to load up on this game-changer
With all the benefits the Petrosonic technology represents, you should expect heavy oil producers to begin lining up to integrate the Petrosonic system at their own cost into their treatment facilities. Petrosonic would sell a license to use its technology in return for a royalty fee.
While revenue per facility will be less (estimated at 50%), no capital will be required and needed support would be minimal. This strategy would allow rapid growth. Where Petrosonic sees a competitive advantage and economics and risks warrant, it may develop its own stand-alone facilities and possibly entertain equity in the resource plays itself to capture further upside and long term value creation.
Based on an equivalent stand-alone basis for 1 new 5,000 bopd facility each year for the next 5 years commencing in 2016, the Company's EBITDA would increase to over 200 million dollars annually after 5 years.
As the technology is scalable and repeatable, Petrosonic is actively pursuing heavy oil resource opportunities, especially in those regions globally where there is stranded heavy oil that can benefit from the Company’s low cost upgrading technology.
Given the relative ease of integration and transportation, the process is designed to be easily applicable to the upstream and midstream constituents. As a result, business models can take on various forms:
But don't wait to buy PSON until these big
players discovers it first...explosive returns only
go to early movers.
One of the critical factors I always look for with a small-cap opportunity like this is who’s at the helm, what have they done in the past, and how much of their own future is riding on the success of the new venture.
I did some digging and it’s obvious that Petrosonic has assembled a strong management, financial and technical team to fast-track the company’s reputation and industry penetration.
The Petrosonic management team has been built carefully on the basis of ability to bring key management expertise. The team contains the essential entrepreneurial energy required to build the company and yet retains internally the experience of proven performers that can ensure the company adapts quickly to both business and technical situations.
-- Chief Executive Officer & Director
Mr. Agolli has more than 16 years experience successfully developing heavy oil and energy projects. He was Co-Founder and VP of Bankers Petroleum Ltd. from its inception in 2004 until August 2008. Bankers Petroleum grew to a 2.3 billion dollar market capitalization company during his time with the company. Bankers Petroleum has a 100% working interest and is the operator of the largest onshore heavy oil field in Europe (Albania) with original oil in place of 8.5 billion barrels.
Agolli also played an important role with BNK Petroleum, a Toronto Stock Exchange listed company that was spun off from Bankers Petroleum in 2008. Mr. Agolli played a key role in BNK Petroleum’s entry into Poland where the company has one of the largest shale gas land positions in the country and in Europe. BNK Petroleum grew from a start up to a 700 million dollar market capitalization company.
He is also the Founder and Chairman of BA Capital, a merchant bank serving the oil and gas industry, as well as Co-Founder of Sonoro Energy, a Canadian TSX listed oil company with operations in Iraq.
Mr. Agolli was previously a business development executive with Koch Industries, the largest privately held company in North America. He holds a Masters Degree in Management from Grand Valley State University (Michigan, USA) and an International Relations and Business Degree from the same university. He is a member of the Association of International Petroleum Negotiators (Houston, USA).
-- Senior Technical Advisor, P. Eng.
Steve Krasnyak has 35+ years of experience as a processes petroleum engineer. He was the founder of Colt Engineering, one of the largest engineering firms in Canada. Colt Engineering started with 12 employees and grew to 5,500 when it was acquired by Worley Parsons for 1.2 billion dollars in 2010. He is currently a senior technical expert for Worley Parsons Canada. Steve is the author of around 36 patents worldwide and is also the author of a Fischer Trops bitumen based GTL and upgrading technology.
Mr. Rutkowski is the Chairman, CEO and co-founder of NASDAQ-listed Clearsign Combustion Corporation, a development stage company that designs and develops technologies that enhance the energy efficiency, emissions control, and fuel flexibility characteristics of combustion systems worldwide. Richard is also the former CEO and co-founder of Microvision, Inc., a leader in optical beam-scanning display and imaging systems.
-- Technical Manager, Albania
Mr. Moco is a petroleum engineer with 34 years of experience in heavy oil operations in Albania. Mr. Moco was the Chief Engineer for the Albanian National Oil Company (Albpetrol) and for the past 12 years has been working for various international oil and gas companies operating in Albania.
-- Technology Consultant
Mr. Arato is a chemical Engineer with more than 17 years of experience. For the past 7 years, he has been the Technology Director for Sonoro Energy. Mr. Arato is one of the authors of the various patents for the Petrosonic technology and has been a key contributor to the commercialization of the technology.
-- Intellectual Property Advisor
Paul Sharpe is a Partner with Perley-Robertson, Hill & McDougall LLP in Ottawa, Canada. He is recognized as one of the top Intellectual Property lawyers in Canada. He is also a Board member of Karnalyte Resources, a Canadian potash mining company listed in TSX.