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What’s This About Acquisitions?

From: Riggs Eckelberry
Los Angeles, May 9, 2014

Good morning!

On the Big Biz Show yesterday, I discussed our plan to acquire service companies treating frack water. Watch the show now.

What’s that all about? Here’s the story.

Busy in Texas

Since we opened our Houston office, we have been very welcome in that town. Bill Charneski isn’t just a Dow Chemical veteran, he’s a Dow Chemical veteran in Houston. And… Lee Portillo, our able VP of Engineering, is from Texas!

All that makes a big difference, we’ve learned.

This means we get to talk to a lot of prospects in the oil and gas industry these days. Lots of licensing deals await the thousand-barrel demonstrations starting soon…

Frack-CEOThe end-user majority

Here’s the rub: many of the people we talk to will never be licensees.

They just want their own frack water cleaned quickly and economically.

These people can’t wait for months while one of our licensees tools up for them.

By then, they could well go to a competitor.

So we want to help them now. 

Of course, we’re not an oil service company, and don’t have the time to build a service company ourselves. We want to stay focused on licensing.

So the answer is to acquire already-profitable service companies to serve the fast-growing demand for frack water treatment.

It’s an exciting new direction, and meanwhile everything we do continues as before, including the Thousand-Barrel Roadshow… which launches on May 27th in Delta, Colorado.

Report from Seville

Nicholas Eckelberry spoke at European Algae Biomass 2014 this week – click here to view his presentation.

“JL” Kindler was with him and reports:

I think it was really productive. Very focused, all the attendees knew exactly what we are talking about. I have tons of photos of us at the booth in full discussion.

I’ll be able to share these photos next week. There are great deals coming out of this conference.

Next up: Asia…

FLASH! 
We are exhibiting at Singapore Water Expo 2014 2-4 June!
Come see us at Booth B2-K29…

Meanwhile, check out this video that we made for European Algae Biomass 2014, showing off our new and improved demonstration harvester!


Click to Play Video

474086531_640

Great job Andrew Davies and team, we’re very proud of the new unit.

Have a great weekend.

Riggs and Team

Riggs Eckelberry
President & CEO
OriginOil, Inc. (OOIL)

Safe Harbor Statement:

Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

 
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