Though water is the Earth’s most abundant resource, only about one percent of the world’s fresh water is accessible for human use—making the efforts of companies like Converde Energy USA, Inc., d/b/a American Energy Partners (OTC: XFUL), incredibly valuable and crucially needed. American Energy Partners has developed a pioneering water treatment technology that is in the final stages of the patent process and offers revolutionary potential to turn the tide for drought areas and other places of need throughout the world.
“…XFUL is already on the job and, as an example of the kind of job the company can do, a recent press release (http://dtn.fm/ft8JE) sheds a revealing light. XFUL announced it was collaborating with the Eastern Pennsylvania Coalition for Abandoned Mine Reclamation (EPCAMR) and the Susquehanna River Basin Commission (SRBC) in a multi-phase study of the Mocanaqua Abandoned Mine Drainage (AMD) Tunnel. The project is designed to test the viability and safety of releasing “the millions of gallons of treated mine influenced water during low flow conditions into the local watershed that feeds the Susquehanna River in Pennsylvania”. The Mocanaqua AMD Tunnel holds a significant pool of isolated mine water thought to exceed 500 billion gallons.
“The company’s Gilbert unit (Gilbert Oil & Gas Company) continues the search for such opportunities, leveraging its broad industry valuation experience to develop partnerships with companies operating in the oil and gas space, with the emphasis on positive cash flow. XFUL’s other two subsidiaries, Hydration Company of PA (HCPA) and American Energy Solutions (AES), have a broader remit, however. Their potential markets extend far beyond oil and gas, as their services can be offered to municipalities, factories, and farming, power production and other industrial concerns. Gilbert’s activities are likely to seed the growth of HCPA and AES, since Gilbert could be their customer. This synergy is set to bootstrap XFUL on its way to becoming fully integrated and operational.”
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About Converde Energy USA, Inc. (XFUL)
XFUL and its group of companies focus on providing solutions in markets where energy production and water meet technology. Collectively, the subsidiaries are engaged in the energy sector as well as the design, construction and operation of regional water treatment facilities that serve the industrial, energy and government sectors.
Hydration Corporation of PA, LLC (“HCPA”) is engaged in the businesses of water exploration, water augmentation, and the treatment of impacted waters. Notably, its intellectual property delivers one of the highest energy yields from a broad range of water-bearing assets, with one of the lowest capital expenditures of any other known water processes. American Energy Solutions, LLC provides treatment technologies that contribute to HCPA’s business model of low-cost treatment and distribution. As a provider of design, this subsidiary is capable of repeatable and synergistic services across the value chain. Gilbert Oil & Gas Company is leveraging broad industry valuation experience to source drilling, operating, and partnership opportunities in the upstream oil and gas space. It is positioned to become a strong customer of XFUL’s other subsidiaries while providing them with the foundation to attract other customers and enter new markets.
For additional information, visit: http://americanenergy-inc.com.
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