This is a post extracted from InvestorsHub, and this was originally posted on the Yahoo CEMJQ Board earlier this year.
Agreed, with the new product line they are still important.
Here's another reason from a past post...........
Worth reading- excerpt from a recent post on Yahoo. My thanks to the original poster.
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Hello, I am a CEMJQ stockholder, in at $0.04 and very happy to have the stake I have, always adding when I can afford, and advise friends and relatives to buy this, as it has treated me very well and it aint done nuthin' yet. WHY?
I work in the oil industry, one of a number if engineers completing the wells that produce a large proportion of our domestic Oil & Gas from the Deepwater Gulf of Mexico. I've been at this for only about 30 years, and a few people think I know a little about it and am good at it. So, when we started getting our oil and gas out there, it was relatively easy from shallower normally geopressured sands that required a lot of great engineering, but not terribly difficult or expensive, or at least not much more than your typical moonshot at NASA. This has been great for our employers, the economy, our family...etc..but guess what?
The easy stuff has been developed, and will decline quicker than we all would like, and there is more, much more, but the catch is-it's in deep high pressure formations that are more difficult and expensive to drill and complete. In order to do it in a manner that produces a really great well that produces the 20000 or 50000 barrels per day that it takes to pay for all of this fun, some very dense, clear brines have to be used in very large quantities. These fluids are Bromide Brines. In the next few years, you will hear stories about huge deep fields that are 30,000'+ deep (Chevron's Jack field is an example has made the news, but there are more like it that will become public knowledge in the future)
As of now, there are only TWO remaining suppliers in the United States of what is really a strategic commodity that hasn't really been recognized as such-but will in due time, especially if oil prices start to really climb again. They are CHEMTURA and ALBERMARLE. Deepwater GOM is not the only oilfield application where these will be needed, many of the prospects in the onshore basins that are being developed and that will be developed in a high-demand market will require them too.
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