Falconridge Oil Technologies Corp. (OTCQB: FROT) is up as much as 128% today. Volume is about 4 times the 30 day average at midday.
Be careful – there has not been a lot of news here.
FalconRidge is a oil and gas technology company that specializes in identifying and accessing additional petroleum reserves that are usually left in the ground. Our value proposition is extracting new resources from wells that have been assessed as uneconomic. Using TST, FalconRidge offers operators a lower-cost alternative to drilling a new well, with practically equal performance results. FalconRidge’s goal is to shift the industry and social paradigm away from new drilling and towards increasing efficiency of current extraction in existing well-bores to increase recovery of oil and gas. Thus, when widely applied, TST can add significant reserves to the energy resources of the world.