OTCBB: ELHI – StockGuru Profile – Edgeline Holdings Website
EnerSource, Inc. – Oil and Gas Enhance Recovery – Unlimited Potential and Profound Need
Enhanced Oil Recovery (EOR) is a generic term for techniques for increasing the amount of oil that can be extracted from an oil field. Using Enhance Oil Recovery 30-60%, or more, of the reservoir’s original oil can be extracted compared with 20-40% using primary and secondary recovery technologies.
New EnerSource will actively pursue new innovative technologies that are in the early development phase from universities and other entities to utilize in reviving old fields that still have large reserves that were once thought unrecoverable. New EnerSource estimates that Texas alone has over 100 billion barrels of oil that are classified as unrecoverable.
Absolute Demand for Enhance Oil Recovery Systems
Oil dominated the 20th century and without enhanced oil recovery systems the shortage of oil will dominate the 21st. The new focus of Edgeline Holdings located in the oil capitol of the world, Houston, Texas, should have high demand as the rising trend in oil prices continues.
In 2003 a barrel of Brent crude sold for $29; in 2004 it rose to $38; in 2005 it rose to $54.50; in 2006 it rose to $65. Very recently the price closed at $77.50. Some dealers expect it to test the $80 level quite shortly.
This steep rise in the oil price over a four-year period has been caused by demand rising at more than 2 per cent a year, while supplies had risen more slowly, by a healthy 4.1 per cent in 2004, but by only 1.25 per cent in 2005 and 0.5 per cent in 2006.
The latest report from the International Energy Agency noted: “Oil looks extremely tight in five years’ time,” and that there are “prospects of even tighter natural gas markets at the turn of the decade”. For an extremely conservative international agency, that is remarkable and profound language.
Some analysts believe that the world will never again be able to pump as much oil as we are pumping at present.
Peter Warburton’s excellent weekly risk analysis has pointed out that 27 of the 51 oil-producing nations listed in BP’s Statistical Review of World Energy reported output declines in 2006. One projection of world crude oil production actually forecasts a 10 per cent reduction in total world output between 2005 and 2015.
There is no question but Edgeline Holdings has entered into a crucial realm of the oil and gas industry. They have already proven the know how to manage and market a company … now they are proving that their own backyard is ripe for the drilling!
Source: Times Newspapers Ltd, 2007, Peter Warburton – Weekly Risk, and ELHI
Edgeline Holdings, Inc.
1330 Post Oak Blvd.
Suite 1600
Houston, TX 77056
Phone: (713) 621-5208
Email: investors@edgelineholdings.com
Website: www.edgelineholdings.com
About Edgeline Holdings, Inc.: Headquartered in Houston, Texas, Edgeline Holdings, Inc. is a publicly traded holding company that specializes in the area of discovering and acquiring leading-edge niche technologies. These technologies will be incubated and nurtured into market ready applications. Edgeline’s current and prospective portfolio consists of early stage companies that require management expertise to further develop the technology to ultimately maximize the value of such technologies by bringing them to market through licensing arrangements and partnerships.
Safe Harbor Statement: Thisrelease contains statements that may constitute forward-looking statements, including the company’s ability to successfully acquire and develop technologies that are and may be acquired. These statements are based on current expectations and assumptions and involve a number of uncertainties and risks that could cause actual results to differ materially from those currently expected. For additional information about Edgeline’s future business and financial results, refer to Edgeline’s Annual Report on Form 10-KSB for the year ended March 31, 2007. Edgeline Holdings undertakes no obligation to update any forward-looking statement that may be made from time to time by or on behalf of the company, whether as a result of new information, future events or otherwise. This release contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements contain words such as “expects,” “believes,” “anticipates” and “intends.” Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting the B2B environment; continued ability to obtain hardware, software and peripherals at competitive costs; the company’s ability to finance its planned expansion efforts; the company’s ability to manage its planned growth; and changes in regulations affecting the company’s business and such other risks disclosed from time to time in the company’s reports filed with the Securities and Exchange Commission. The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management’s expectations, except as required by law.
Disclosure: Pentony Enterprises LLC expects to be compensated up to $13,000 cash for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
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