Thursday, August 28, 2014

Well Power, Inc. (WPWR) – The Business and Technology

An excellent value proposition exists for Well Power to join the movement to curb gas flaring.

Well Power, a development stage company, is entirely focused on energy solutions and technologies that could potentially produce clean power and engineered fuels. Well Power intends to position itself as a technology company that will provide oil and gas producers a means of transforming otherwise-wasted natural gas (flared, vented, stranded or shut-in gas) into valued end-products (e.g. electric power or engineered fuel). The company’s specific plan is to offer a feasible, cost-effective way of turning wasted-gas opportunities in the oil and gas sector into revenue streams with only a nominal investment initially.

The company has acquired an exclusive license from ME Resource Corp., a Canadian public company developing mobile, scalable Wellhead Micro-Refinery Units (MRUs). These units are being designed for close deployment to wellheads with the ultimate goal of turning the raw natural gas expelled in the vicinity of these wellheads into liquid fuels and clean power.

The MRU is intended to blend a micro-synthesizing system with commercial technologies and, with the inclusion of power-generation components and catalytic reactors, to realize various liquid and power outputs. Each MRU, which has a price tag of approximately $800,000, includes a container-sized unit with the facility to convert, on a daily basis, an estimated 100,000 cubic feet of natural gas into clean power and engineered fuels.

Well Power holds an exclusive license to distribute these Micro Refinery Units in Texas. Furthermore, this licensing agreement with ME Resource Corp. is valid for five years. Well Power is eager to begin the business of distributing MRUs in Texas and, from there, into other geographical areas. It is exceedingly helpful that, thanks to its exclusive license with ME Resource, Well Power has the first right of refusal regarding any potential distribution efforts in other US territories.

ME Resource and Well Power continue to develop the technology behind the Micro-Refinery Unit. For now, individuals and companies engaged in the oil and gas sector can explore opportunities to partner with Well Power and to learn more about this novel technology.

For more information, visit www.wellpowerinc.com

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