Sionix Corporation (OTCBB: SINX) ("Sionix" or the "Company"), a designer of patented water treatment systems, announced today that it has shipped its Mobile Water Treatment System (MWTS) to a staging area in North Dakota under the Water Treatment Agreement with McFall Incorporated announced on March 5, 2012. Designed to treat up to 9,600 barrels per day of contaminated drilling fluids at a drilling site, this MWTS will be deployed to a specific drilling rig and commence treatment operations in early May 2012. When treatment operations commence, further announcements will be made.This is very interesting. Just the other day someone asked me what the next "big thing" would be in the Bakken for investors. I said "waste management."
I know nothing more than what is posted above.
312 million shares outstanding...ouch
ReplyDeleteI did not note that, but ironically I was just talking to someone about the number of KOG shares outstanding compared to WLL, OAS, others.
DeleteYes, I agree: 312 million for a company like this --- ouch.