Grifco International Inc. (OTC: GFCI)
Grifco International is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industry.
GFCI is a successful company.
GFCI holds and owns design rights and manufacturing facilities for producing more than 6,000 products for the oil and gas industry with more than 150 clients, boasting the biggest names in the business, including Halliburton, Exxon Mobil Corp, and Schlumberger.
http://biz.yahoo.com/iw/060413/0122950.html
The Valuable Portfolio of Oil Industry Tool Patents for GFCI includes:
Back Pressure Flapper Valve
United States Patent 5,201,371
In an oil field tubular assembly, a flapper valve permitting downward flow and blocking upward flow is closed by down-hole pressure. A pivotally mounted flapper is urged to the closed position by a spring force, which may be moderated approaching the open position to reduce flow resistance, and an offset valve inlet passage provides clearance for flapper opening.
Auto Set Bi-Directional Jar
United States Patent 5,330,018
An automatic set bi-directional apparatus for jarring an object in a well bore is disclosed. The apparatus comprises a tubular member having a portion defining an upper and lower striking shoulder, said tubular member having one end connected to a work string capable of creating a longitudinal force.
Double Acting Accelerator Jar
United States Patent 5,139,086
A combined accelerator, for accumulating energy, and jar, for sudden release of accumulated energy, for delivering up or down jarring impacts to objects stuck downhole in a wellbore, includes upper and lower tubular members which are telescopically connected within an integral outer tubular housing.
GFCI is a solid firm in a solid Industry Sector, especially given today’s Oil Price Environment.
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