Friday, October 22, 2010

Energtek, Inc. (EGTK.PK) is “One to Watch”

Energtek, Inc. is a global leader in the development and commercialization of Adsorbed Natural Gas (ANG) technology. Adsorbed Natural Gas (ANG) technology presents a promising alternative to standard high-pressure CNG (Compressed Natural Gas) and LNG (Liquified Natural Gas) transportation technologies. Energtek, Inc. trades on the Pink Sheets and they have their headquarters in New York, New York.

The Company provides proprietary solutions to meet the technical and economical challenges of NG delivery to vehicles around the world. Their main focus is on the 2-3 wheel vehicle market in Asia. Energtek, Inc. also supplies NG to industrial and commercial consumers, using pipeless NG supply bulk transportation solutions.

Energtek’s proprietary solutions are customized to meet the needs of dynamic Natural Gas markets. The Company is focusing their development efforts toward specific market sectors and niches, which will immediately profit from the breakthrough ANG technology.

NG technology is easily introduced to any motor vehicle currently on the road. NG is less expensive, cleaner and more evenly distributed throughout the world than oil. Natural gas is primarily comprised of methane. Methane (CH4) is one of the simplest and most abundant substances found in nature, especially when compared to oil. Unconventional NG resources, including Methane Hydrates, are the most abundant fossil fuel on earth and represent a powerful untapped potential.

Applying the principles of Natural Gas adsorption enables the storage of comparable gas quantities at lower pressure (50-70 bar), significantly decreasing the capital investment and operation costs of NGV filling stations. This in-turn provides substantial savings for the end user. Energtek, Inc. utilizes proprietary low-pressure storage technology and products that provide complete Well-to-Wheel energy solutions, delivering NG directly from production fields to final users.

Energtek developed the CNG Lite™ system to provide fuel to 2- and 3-wheel vehicles using proprietary low-pressure technology, and the principles of Natural Gas adsorption. By converting small vehicles to operate on Natural Gas, Energtek reduces the harmful environmental damage caused by these highly polluting vehicles. Energtek can also dramatically reduce driver’s annual fuel costs.

Energtek also developed Low-pressure Mobile Pipeline (LMP). LMP is an equipment and services package providing a cost efficient gas supply for industrial and commercial energy consumers not connected to the gas network. Energtek developed LMP on the basis of their proprietary technology. This was to respond to new challenges and opportunities, such as increasing demand for cheaper and cleaner fuel; lagging development of new gas pipeline networks due to big required investment, long term return and land-use problems; and high capital cost of CNG trailers transportation and related equipment.

On October 18, 2010, Energtek Inc. announced that their wholly-owned subsidiary, Energtek Products Ltd., received a geological survey on the Nir-am-Sa’ad block in southern Israel, identifying the potential for exploitable oil and natural gas reserves. Energtek Products has the exclusive license to explore and exploit the resources in the said block. There is an estimate of 26 Million Barrels of Oil (MMBO) recoverable at depths of 1,800 – 2,000 meters, according to the geological survey and past geological reports.

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