Well Power, Inc. (WPWR) Issues Market Update to Investors
Today at the opening bell, Well Power provided information on the applications and market size of its licensed Micro-Refinery Unit ("MRU") technology. The company’s stock closed the trading session up 24.4% on strong volume of nearly 7.7 million shares. An MRU can process wasted and shut-in gas, including natural gas which is otherwise flared. The operation is made economical by integrating commercially proven technology with a novel single-vessel which combines the creation of synthesis gas (syngas) with the Fisher Tropsch process. There has been a significant increase in the number of flaring permits issued by Texas’ regulatory body for the…