Objectives/Action Plan

Posted in Enhanced Energy Recovery Inc

The objectives and action plan of EER have been divided into four categories:

  • immediate,
  • short term,
  • medium term and
  • long term.
Immediate – by June 2012

The immediate objectives of EER are to:

  • Secure key investment banking, legal, accounting and PR relationships in the US and Australia;
  • Plan and prepare for the initial commercial trial with the Texas State Government and/or other privately held wells;
  • Secure up to six wells for trial and commercialisation purposes;
  • Acquire equipment and employ key personnel for initial commercial trials.
Short Term – March 2012 to December 2012

The short term objectives of EER are to:

  • Complete the initial commercial trial with the Texas State Government and/or other privately held wells and/or own wells;
  • Secure commercial relationship with the Texas State Government and/or other privately held wells to implement the BRR Process in at least ten wells in 2013;
  • Commence marketing and sales campaigns to other well owner and oil companies in the US.
Medium Term – by June 2013

The medium term objectives of EER are to:

Complete up to a further six commercial trials to prove the BRR Process in a range of well and environmental situations;
Secure commercial implementations with at least two US-based oil companies relating to at least 50 oil wells;
Commence oil recovery operations with the Texas State Government oil wells;
Expand management, sales and marketing teams to other markets, including the Middle East.

Long Term – Beyond 2013

The long term objectives of EER are to:

  • Continue to build its client-base in the US and US implementations to over 200 wells in the US;
  • Secure first commercial implementations in the Middle East;
  • Expand its Middle East market;
  • Determine date for listing on a US-based stock exchange.