- Synergistic subsidiaries
- Awaiting approval of water treatment patent application
- Augmented management team
Although water covers 70 percent of the Earth’s surface and is its most abundant resource, the five-year drought in California and the recent water crisis in Flint, Michigan, show that our reserves are ever under threat. With this in mind, it’s nice to know that supplies of the precious commodity for household, industrial, and agricultural use are not being taken for granted. Converde Energy USA, Inc., d/b/a American Energy Partners Inc. (OTC: XFUL), has developed water treatment technology that is in the final stages of the patent process. In addition, the company’s three divisions cleverly catalyze each other, providing the synergy for growth. With its newly augmented management team and synergistic subsidiaries, Converde Energy’s imminent name change to American Energy Partners signals the company’s strengthened position and developing momentum.
The Ancient Mariner lamented, “Water, water, everywhere, nor any drop to drink.” That is because most of it (about 97 percent) is in the oceans and too salty for drinking, growing crops, or many other human uses. Much of the other three percent is unavailable, since it is held in the ice caps of Antarctica and Greenland or in deep underground aquifers where, for most practical purposes, it is inaccessible to us. Therefore, only about one percent of the Earth’s fresh water, in rivers, lakes and accessible groundwater resources, can be tapped for human use. A lot of that, unfortunately, needs a great deal of filtration and sanitization before it’s usable.
However, XFUL is already on the job and, as an example of the kind of job the company can do, a recent press release (http://nnw.fm/x63BH) sheds a revealing light. XFUL announced it was collaborating with the Eastern Pennsylvania Coalition for Abandoned Mine Reclamation (EPCAMR) and the Susquehanna River Basin Commission (SRBC) in a multi-phase study of the Mocanaqua Abandoned Mine Drainage (AMD) Tunnel. The project is designed to test the viability and safety of releasing “the millions of gallons of treated mine influenced water during low flow conditions into the local watershed that feeds the Susquehanna River in Pennsylvania”. The Mocanaqua AMD Tunnel holds a significant pool of isolated mine water thought to exceed 500 billion gallons.
The company’s Gilbert unit (Gilbert Oil & Gas Company) continues the search for such opportunities, leveraging its broad industry valuation experience to develop partnerships with companies operating in the oil and gas space, with the emphasis on positive cash flow. XFUL’s other two subsidiaries, Hydration Company of PA (HCPA) and American Energy Solutions (AES), have a broader remit, however. Their potential markets extend far beyond oil and gas, as their services can be offered to municipalities, factories, and farming, power production and other industrial concerns. Gilbert’s activities are likely to seed the growth of HCPA and AES, since Gilbert could be their customer. This synergy is set to bootstrap XFUL on its way to becoming fully integrated and operational.
At Gilbert’s helm is newly-appointed President Josh Hickman, who will also sit on XFUL’s board. Hickman, an oil and gas exploration geologist, is a tested deal finder and dealmaker with a solid track record of closing deals. He brings over 15 years’ experience in the oil and gas industry to the XFUL team, with stints at Consol Energy, Cabot Oil and Gas, Edgemarc Energy Holdings and Dahlmont Energy Resources under his belt. He is also the founder of Hickman Geological Consulting, which specializes in applying the principles of technical data and financial understanding to growth businesses in the oil and gas space.
For more information, visit the company’s website at www.AmericanEnergy-Inc.com
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