Falconridge Oil Technologies Corp (OTCMKTS:FROT) has seen a surge in trading volume after the recent dip below a penny and test of new all time lows of $0.0025.
FROT was a multi-million dollar promotion by The Moskowitz Report. The Disclaimer on the landing page frotinfo.com says ”Eclipse Marketing has budgeted $125,000 for the week of 11/17/14” which comes to half a million a month for the duration of the promo.
Falconridge Oil Technologies Corp (OTCMKTS:FROT) is a oil and gas technology company that specializes in identifying and accessing additional petroleum reserves that are usually left in the ground. Our value proposition is extracting new resources from wells that have been assessed as uneconomic. Using TST, FalconRidge offers operators a lower-cost alternative to drilling a new well, with practically equal performance results.
FalconRidge’s goal is to shift the industry and social paradigm away from new drilling and towards increasing efficiency of current extraction in existing well-bores to increase recovery of oil and gas. Thus, when widely applied, TST can add significant reserves to the energy resources of the world.
FalconRidge employs an advanced proprietary excavation and hydro cutting technology known as TerraSlicing. The Terra Slicing Technology (referred to as TST) is used to enhance “dead” or non-performing well assets, essentially revitalizing the per-existing well and establishing a flow rate with a significant percentage of its initial production. By applying TST, an operator will retrieve a significant portion of the well reserves still locked in the ground. TST is applied to the following environments:
TerraSlicing may be used in virtually all environments and applications in the oil and gas industry. TST is applicable on land, or marine environments, and may be used for both Oil and Gas well applications, in vertical or horizontal formats. TST is the best option as an alternative to fracking.
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FROT website is very well put together and proffesionally built, a big confirmation that there are big things coming here. According to them: Mark Pellicane, President of FROT is considered a visionary leader, and specializing in the areas of product development and implementation, Mr. Pellicane has had a distinctive career in the development of numerous technology, marketing, and financial companies. Mark has always attributed his strength and success to working with industry leaders and pioneers in the field and integrating strong team leadership values to the project at hand.
The Moskowitz Report last pick is VOIL which has run from $0.75 to highs near $3 per share on the back of a promotion that claimed ”enough oil to fuel America for the next 400 years”
The over the top landing page on FROT says ”FalconRidge, is the energy industry’s new golden goose…new gift horse… new great hope for the future. FROT is the greatest new hope for investors, too. Best I’ve ever seen. This tiny unknown, from what I see, is a natural-born blockbuster. The information you’re getting here could be worth a fortune to you.”
The last press release from FROT was back in January when they announced the signing of a Letter of Intent with Tubestar Oil and Gas Services Pvt. Ltd. (“Tubestar”) of India for representation and deployment of the Company’s Terraslicing well enhancement and oil recovery technology (“TST”).
Under the terms of the LOI, Falconridge will be working closely with Tubestar for assessment of properties in the India market for potential deployment of TST. Under a definitive agreement, Falconridge will grant rights to Tubestar for marketing, representation, and deployment of TST to their clients. Under the proposed agreement, Tubestar will target major oil and gas assets within their service range for targeted deployment of TST.
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Currently FROT has minimal assets or revenues and rising short term debt. The stock was the subject of a massive multi-million dollar promotion by The Moskowitz Report late last year and has been in steep decline since recently hitting an all-time low of $0.0025. We will be updating on FROT when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with FROT.
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Disclosure: we hold no position in FROT either long or short and we have not been compensated for this article.