Origin Oil Poised for Growth!
ORIGIN OIL POISED FOR GROWTH
Origin Oil has today announced the shipment of their Quantum Fracturing system to MBD Energy, the first unit in a multi-phase commercialization program. This system maximizes algae CO2 absorption with minimal energy. It is their first recorded revenue on the books and is a very exciting development for both parties. “We are excited to support MBD Energy, a leader in the global race to help coal-fired plants absorb their massive CO2 emission using algae. Origin Oil’s Single Step Extraction System, designed to separate algae oil from its biomass efficiently, will be the next deliverable and will trigger another payment under the purchase order.
For the past three months, I have been following Origin Oil and MBD Energy, and certain questions have been conspicuous. Which steps are the two companies coordinating? Roughly 80 days have gone by since the signing of the May memorandum (see my posting of July 25, below). Has MBD Energy successfully tested and integrated Origin Oil‘s technology on a small test scale? Hmm…. Not a lot of information has been released regarding the two companies successes. MBD Energy is a private company, and all of Origin Oil’s technology is patent pending. This means their joint progress and cooperative major developments need to be kept secret from third parties. THE situation screams for a mutual non-disclosure agreement.
What is a non-disclosure agreement? A non-disclosure agreement (NDA) is a legal contract between at least two parties that identities confidential material, knowledge, or information that the parties wish to share with one another for certain purposes but wish to restrict access to by third parties. It is a contract through which the parties agree not to disclose information covered by the agreement. An NDA creates a confidential relationship between the parties to protect any type of confidential and proprietary information or trade secrets. As such, an NDA protects non-public business information.
My mind has been working overtime for the past week trying to figure out what hasn’t been reported due to this non-disclosure agreement. There has been no public news since the signing of the memorandum that any testing between Origin Oil and MBD Energy has taken place: no successes published, no hype created, no news channels reporting on it, nothing. Yes, this is the first unit that MBD Energy has purchased from Origin Oil, but it will not be the first time that they have used and tested the technology. I say this because in the original memorandum signed on May 10th, Origin Oil stated IT would equip MBD Energy and their testing facilities at James Cook University with its Quantum Fracturing Device and Single Step Extraction Unit to test and integrate. The key word here is “equip.” It does not say MBD Energy is going to “purchase” equipment from Origin Oil TO BE testED at its facility; rather, it says Origin Oil will equip MBD energy to allow testing to take place. The two companies agreed, subject to the success of the initial test phase, that MBD would purchase significantly larger feeding and Origin Oil Extraction Units. That order has been reported today.
We now have two concrete facts indicating that successful trials have taken place. The successful inspection of James Cook University’s testing facility, equipped with Origin Oil’s Quantum Fracturing System and Single Step Extraction unit resulting in a $5 million government grant, is one. This development proved that early trial success had taken place and allowed MBD Energy to honor the memorandum and purchase larger units from Origin Oil, thus moving the project out of phase one. This new purchase confirmation from MBD Energy has allowed Origin Oil to realize revenue and expose to the world that their technology is no joke, that it can be integrated into foreign systems, and most importantly, THAT the technology actually works. Please note: Without this technological integration from Origin Oil’s Quantum Fracturing device and Single Step Extraction units, this project would not be able to exist. Origin Oil is enabling MBD Energy to remove road blocks from the past and allow them to succeed in the future. Wow!