[meteorite-list] OT: Funny scam:CT unit to drill on Mars, Revenue Up 200% (est.)

From: Martin Altmann <altmann_at_meteoritecentral.com>
Date: Wed May 31 16:47:34 2006
Message-ID: <00ff01c684d8$e7005980$4f41fea9_at_name86d88d87e2>

List!!!
This here is the funniest scam I got ever!
Invest in units for drilling on Mars for water!

Just received:

Re: CT unit to drill on Mars, Revenue Up 200% (est.) - Ref. dn61745

Coiled tubing units are so compact and have such great potential, the Mars
Drilling Project is evaluating a coiled tubing unit to drill for water on
Mars. warrens
perfidious
SPRING, TX--(MARKET WIRE)-- Coil Tubing Technology, Inc. (CTBG) announces
the delivery of the first group of 8 Rotating Tools to oil and gas well
service companies operating in Mexico and Oklahoma. Designed for use in
"fishing" applications utilizing 2" coiled tubing strings, these tools were
delivered and "in the field" the week of May 1, 2006 slovakia
magellan
In addition, CTBG has received orders for ten more of these 2 7/8" Rotating
Tool units, plus five 2 1/8" Rotating Tools, all of which are scheduled for
delivery to customers before the end of the month of May. stellar
acerbate
CTBG offers the only fully rotating tool for well fishing applications,"
stated Jerry Swinford, President of Coil Tubing Technology, Inc. "Other
tools in the marketplace only 'index' or 'turn' in 90 degree increments
without fully rotating, which is an inefficient means of latching a fish. We
are delighted by the overwhelming response from customers regarding the
capabilities of these tools." brittley
paraffinoma
The Rotating Tool is a device that attaches to the end of a coiled tube to
assist with "latching a fish," or removing production kits or undesired
obstructions from the well by introducing rotation under mechanical
pressure. The design and action of the tool is similar to a "Yankee
screwdriver." If, for example, during normal operations, a piece of coiled
tube is broken off and remains lodged in the wellbore, it can be difficult
to get the new coiled tubing line past the obstruction. By introducing
rotation to the "overshot," or latching mechanism at the end of the tool,
obstructions can be cleared without the need to manually work the tool
through the well head. shinning
subjoins
Coil Tubing Technology was established in 1998 by an innovative founder that
has over thirty years experience in the design of oil-field tools in general
and fifteen years of experience in the design of proprietary tools for the
coiled tubing industry in particular. With more than fifteen patents either
granted or pending, CTBG is the leader in providing new technology to the
coiled tubing industry. CTBG has become a one stop rental tool company
supplying a full line of standard as well as propietary coiled tubing
downhole tools. epidemicities
barker
COILED TUBING DRILLING TOOLS
The Jet Motor maximizes torque and RPM combinations. This motor has the
capability to establish bit hydraulics. The long life bearing package allows
the tool to stay in the hole longer than average. It can be jarred without
damaging the tool which is ideal for drilling through shale. The Jet Motor
has been used successfully with MWD and steering tools in drilling
applications. The nitrogen power source permits underbalanced drilling.
moveover
squabbier
The Pulsator allows the weight on the bit to be maximized without stalling
the motor as the torsional and axial torque are retained within the tool.
The maximum tensible strength allows high energy jarring impact while the
tool prevents spike loading from migrating up into the generic tool strings.
submaxilla
frays
The HeavyHitter, when used on the upstroke only, provides variable tensible
overpull due to its hydraulic metered detent system. The minimum axial drag
at detent release provides high velocity of the hammer mass to the anvil.
amidst
bog
THE COIL TUBING BUSINESS
The coiled tubing industry continues to be one of the fastest growing
segments of the oilfield services sector, and for good reason. CT growth has
been driven by attractive economics, continual advances in technology, and
utilization of CT to perform an ever-growing list of field operations.
Coiled tubing today is a global, multi billion dollar industry in the
mainstream of energy extraction technology. ascribed
vinaigrette
FUTURE TRENDS IN COIL TUBING SERVICES
According to Andy Rike, President of Technicoil USA Corp., a CT service
company with operations in Canada and the US, "We see market growth for
coiled tubing services to independent producers in three areas: fracturing,
particularly multiple interval completions; re-entry drilling of horizontal
laterals or vertical extensions in older wells; and "grassroots" drilling of
shallower wells, including many coalbed methane wells." overbuild
forenotices
Rike adds that one of the most important reasons for growth of coiled tubing
drilling services has been the development of more integrated units. "In
past years, coiled tubing units were not able to provide the sort of
integrated set of equipment capabilities needed for drilling and completion
operations. This led to an amalgamation of service company systems cobbled
together on site and a situation where the safety, speed and size advantages
of CT were being lost." Now, Technicoil as well as a few other companies
have designed and built integrated CT units that incorporate everything
needed to drill a well into four trailer loads. When rigged up these units
fill a 20,000 sq ft footprint, less than 1/3 the size of a conventional rig.
These newer units can also drill with conventional pipe, so they can drill a
surface hole and set surface pipe with conventional equipment and then drill
with coiled tubing. ostinato
retrolingual
In addition to the small footprint, the primary drivers for wider use of
these units are very tight control of well discharges and speed. "We've
drilled 400 feet per hour in some situations," says Rike. The combination of
a smaller hole, lack of connections, faster trip time, and the higher
drilling rates inherent to downhole motors leads to very rapid drilling
rates. Last year, in the San Juan Basin of New Mexico, Technicoil drilled 26
wells to around 3000 feet for Burlington Resources over a four month period
with one standard CT system. nucleates
bicentenary
Another area of growth is in fracturing, particularly multiple interval
fracturing. One recent example is a five well project in Virginia's Buchanan
County where as many as nineteen intervals were fractured using coiled
tubing and a bottom-hole packer assembly (Rodvelt, 2001). These wells, part
of a CONSOL Energy Inc. coalbed methane project, were part of a pilot to
determine if individually fracturing each of the zones would result in
better recovery. Prior efforts had evolved from single-stage, limited entry
treatments to multiple-stage treatments with composite frac plugs and frac
baffles. designator
sunbaked
Core tests on offset acreage had revealed that 3 of 10 coal seams had not
been stimulated by these treatments and, on average, ten feet of coal was
not being effectively stimulated. If the CT fracturing approach is
successful in improving this situation, CONSOL calculated that an additional
net present value of 1 million could be added per 160-acre lease, based on a
gas price of 2.50. The CT fracturing procedure was a technical success, and
hopefully, when the wells are dewatered and fully evaluated, it will be
shown to be an economic success as well. Other CBM areas have seen similar
success. For example, Barrett Resources experienced a 1.5 fold increase in
gas production from 14 CBM wells in the Raton Basin following stimulation
with coiled tubing versus conventional treatments. "Fracturing is probably
the area with the greatest growth potential," says Rike, "and coalbed
methane is about a third of that market." spryest
aseismic
NEW COIL TUBING MARKETS / FIELD APPLICATIONS
CT first established it's niche in the marketplace as a cost-effective well
cleanout tool. In recent years, these conventional wellbore cleanouts and
acid stimulation jobs accounted for more than three quarters of total CT
revenue. However, CT use has continued to expand as it is adopted for use in
additional field operations. Most recently, CT fracturing and drilling
applications have emerged as two of the fastest growth areas. Revenue from
these two CT applications has grown from almost zero 10 years ago, to
approximately 15 percent in more recent times. retroject
breath
GROWTH OF THE SERVICE FLEET
In January 2004, slightly more than 1,050 CT units were estimated to be
available on a worldwide basis. The total number of working CT units is up
sharply from the roughly 850 units reported in February 2001. At present,
the International market accounts for the bulk of the currently available CT
fleet with more than 425 units. Canada and the U.S. are estimated to
contribute an additional 239 and 253 units, respectively.
oamaru
THE ENVIRONMENTAL AND SAFETY BENEFITS OF USING COILED TUBING UNITS FOR
DRILLING INCLUDE:
The units require about half the space that a conventional drilling rig
requires. The units require less power so there is less fuel consumption and
emissions during drilling. Noise levels are 18 percent lower than with
conventional rigs. immorally
isochromatic
There is less visual impact as the units are small with no large derrick
tower. flugelhorn
buskers
All of this means that coiled tubing units are more cost effective, energy
efficient, have a much smaller environmental footprint, and create less
waste. In certain drilling operations, coiled tubing units cost
approximately half of what a conventional drill rig would cost. glycolytic
designing
In fact, coiled tubing units are so compact and have such great potential,
the Mars Drilling Project is evaluating modifying, miniaturizing and fully
automating a coiled tubing unit to drill for water on Mars. Realistically,
it will be years before the unit is developed and sent to by rocket to Mars,
but it would be an important first step before Mars could be colonized. And
coiled tubing technology will be be greatly improved by the research. seders
oddity
For more information on CTBG, please visit Yahoo Finance - CTBG? hewers
tortuosity
The BottomLine Report is not liable for any decisions by its readers or
subscribers. The information contained herein has been provided as an
information service only. The BottomLine Report purchased 270,000 shares at
0.15.? We may close our positions at any time. treetop
Overhears


Uaaaaaahahahaaa Buckleboo!!
Received on Wed 31 May 2006 01:37:33 PM PDT