Published on Oct 17, 2014
Riggs Eckelberry, CEO of Origin Oil (ooil) (http://www.originoil.com/), joins Big Biz show to discuss the sale of four industrial systems, powered by OriginOil’s Electro Water Separation™ (EWS) technology, to Synergy Resources Ltd. Elvis Seelochan and David Ramjohn, of Synergy Resources, join Riggs on the show, and talk about the milestone sale, which represents the first commercial sale by an OriginOil licensee of a system incorporating EWS. The four industrial water treatment systems will be used for produced frack water and oily waste treatment in Trinidad and Tobago (T&T).
3:50 [Video with David Ramjohn, CEO, Synergy Resources LTd, TrinidadOriginOil Distributorhttp://www.synergyresourcesltd.com
David Ramjohn: My name is David Ramjohn. I’m the CEO of Synergy Resources Ltd, a company incorporated in Trinidad and Tobago. Trinidad and Tobago is an oil and gas economy. Petroleum products and oil and gas provide about 40% of our gross domestic product. So we have a very real interest in the OriginOil Clean-Frac water treatment technology. In Trinidad we have a very well developed suite of environmental legislation that as far back as 2001, the water pollution rules came into effect. And the oil and gas companies are finding it very difficult to meet the standards of those water pollution rules. So we see the Clean-Frac water technology as being a really comprehensive water pollution solution that can treat produced fracking water from the wells to a standard that will be acceptable by the environmental legislation in Trinidad and Tobago. This technology has the potential to solve a major problem. We are really excited to be partnering with OriginOil. We are happy to look at this technology as a source of dealing with the issues associated with oil and gas exploration and production. If we can do it, and do it in a more responsible fashion, and do it in a way that we can mitigate some of the environmental impacts, we think we are in a win-win situation.
5:15 Big Biz: What a shining endorsement. We have here the gentleman you saw talking on the screen there. He’s the CEO of Synergy Resources, David Ramjohn and standing next to him is Elvis Seelochan, the President. Would you describe for our audience what Synergy Resources does.
5:53 David Ramjohn: Synergy Resources in a nutshell is a company that is focused on providing products and services for sustainable development, focusing on developing the green economy. So ultimately, what we do is we seek out the best technology, the best products, the best services that can allow us to continue our economic activity in a manner that does not prevent future generations from deriving the same or better benefits from the natural resources we all share.
6:43 Riggs: I want to thank these gentleman for really having believed in us from the beginning, from 2013, really. And here we are today. In fact, this morning we announced that our licensee, Industrial Systems of Delta received a purchase order from you with an initial payment for four industrial-sized water cleaning systems that will be deployed in Trinidad-Tobago.
Big Bizz: Guys tell me the benefit of striking a deal with OriginOil and getting their technology in with your business.
10:05 David Ramjohn: Well, it’s hard to quantify the benefit. We found our general oil for the green algae harvesting technology. That’s another of our core businesses we’re focusing on. But when we visited them last June in 2013, we saw the prototype of the Clean-Frac 1000. And on seeing the prototype, we realized this is something we need to watch. And we started tracking it since then, simply because Trinidad and Tobago has been an oil producing nation for over 100 years. We have a lot of oil production and exploration going on. We are more a gas economy now than we are an oil economy. But we have very mature reservoirs and there’s a lot of produced frac water that comes up along with the crude. And our suite of environmental legislation requires that this water be treated before it can enter the environment. Before it’s disposed.
Big Bizz: What’s next for you guys.
13:21 Riggs: What we are doing right now is jumping on opportunities. We have that great partnership in Oman with Gulf Energy and they are planning to make a major investment as well. And then we have some, as you know, major demos planned in Texas of our technology with STW. So, the more we demonstrate, the more there are these sales, it has a multiplying effect.
OriginOilHigh-Speed Frack Water Cleanuphttp://www.OriginOil.com
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