$EXAD 200 million A/S. SUPER 8K Reverse Merger.
Post# of 144406
Posted On: 06/16/2016 11:00:15 AM
$EXAD 200 million A/S. SUPER 8K Reverse Merger. $EXAD The Company began at that moment engaging in the oil and dry cleaning industries, two sectors that are affected very differently by adverse local or global economic conditions.
The re-work of oil wells is a very cost effective way to enter the oil industry without heavy upfront drilling costs, by reworking oil wells a company can look to extract oil out of the ground at a rate of $9.00 to $15.00 per barrel.
TransAmerican is working on closing a deal that give it access to 300 wells each well has the ability to pump 10 barrels per day after $50,000 or less is spent per well bringing it back on line. The pending transaction had factored oil in at $30 per barrel allowing the company significant operating margins.
The dry cleaning market is over $9 billion in annual revenue and there is not one dominant player in the market, the top 10 companies combined earn about $100 million annually in a market with over 35,000 locations spread across the country.
The re-work of oil wells is a very cost effective way to enter the oil industry without heavy upfront drilling costs, by reworking oil wells a company can look to extract oil out of the ground at a rate of $9.00 to $15.00 per barrel.
TransAmerican is working on closing a deal that give it access to 300 wells each well has the ability to pump 10 barrels per day after $50,000 or less is spent per well bringing it back on line. The pending transaction had factored oil in at $30 per barrel allowing the company significant operating margins.
The dry cleaning market is over $9 billion in annual revenue and there is not one dominant player in the market, the top 10 companies combined earn about $100 million annually in a market with over 35,000 locations spread across the country.
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