Water Stocks ; CFA Commentary on Wescorp Energy Inc (OTCBB: WSCE); Clean Water Solutions
Wescorp Energy Inc (OTCBB: WSCE) H20maxx Remediation Technology for Deployment in Gulf Clean Up
August 13, 2010 (Investorideas.com water stocks newswire) Investorideas.com and its water investor portal, www.water-stocks.com announce CFA commentary on Wescorp Energy Inc. (OTCBB: WSCE), a clean water solutions company. Lisa Springer, CFA, is an equity research analyst and financial writer.
Wescorp Energy Inc. (OTCBB: WSCE Preps H20maxx Remediation Technology For Deployment in Gulf Spill Clean Up
Lisa Springer, CFA
Equity research analyst and financial writer
By any measure, the BP Deepwater Horizon oil spill is an environmental disaster of epic proportions. Experts estimate between 86 million and 168 million gallons of oil spilled into the Gulf of Mexico following the explosion of this deepwater drilling rig on April 20th. BP initially pegged the leak at around 1,000 barrels (42,000 gallons) of oil per day, but later revised these numbers upward dramatically. According to the Boston Globe, current estimates are that more than one million gallons of oil spilled into the Gulf each day, Oil has washed up on the shores of all five Gulf States, Alabama, Louisiana, Mississippi, Florida and Texas. BP has set aside $20 billion in a clean up fund and contracted with thousands of vessels and over 20,000 workers to handle the cleanup effort.
Despite this massive response, recovery efforts have only been minimally successful. BP reported in early July that 26.5 million barrels of oil have been recovered, but this represents less than one-third of the total spill. New technologies and equipment are urgently needed to accelerate the pace of the clean up and recovery.
Wescorp Energy Inc. (OTCBB: WSCE), a clean water solutions company, owns a proprietary oil/seawater separation technology called H20Maxx and is ready to deploy in the Gulf clean up. This technology has been proven effective, economic and friendly to the environment. H20maxx uses a nano/micro-bubble aeration process to separate oil from seawater to less than 29 parts per million, exceeding EPA standards. No chemicals are used in the process, which is environmentally friendly. H20maxx can process large volumes of oil contaminated seawater rapidly and would allow the cleaned seawater to be immediately discharged back into the sea. The equipment is compact, highly portable and not motion sensitive so H20maxx units can be operated effectively from the moving deck of a ship or offshore production platform.
Full report: http://www.investorideas.com/news/renewable-energy/8121.asp
Lisa Springer, CFABio and disclaimer: http://www.investorideas.com/About/Lisa-Springer-CFA/
The author, Lisa Springer, was compensated for writing this article and doesn't own shares of any of the companies mentioned in this article.
About Wescorp (OTC.BB: WSCE)
Wescorp Energy Inc. (www.wescorpenergy.com) is a clean water Solutions Company focused on implementing its superior yet low cost solutions into the oil and gas production industry.
Investors can view the full company profile at http://www.investorideas.com/CO/WSCE/
or visit the company website at http://www.wescorpenergy.com/
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