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[splitmind]

SNV (SNV.V) on the TSX Venture is my favourite company right now for my higher risk/gain part of my portfolio. Been slowly acquiring it over the last 10 months. Here is their latest press release.

Sonic announces appointment of Richard Wadsworth as new CEO

VANCOUVER, Aug 26, 2009 /PRNewswire-FirstCall via COMTEX News Network/ --

SONIC Technology Solutions Inc. ("SONIC" or "the Company") is pleased to report that Richard Wadsworth, P.Eng. will become the new President and Chief Executive Officer replacing Adam Ranjit Sumel who will stay on with the Board as Chairman. David Coe, the current Chairman, will remain on the Board as a Director.

Mr. Wadsworth has more than 18 years of successful experience in developing heavy oil projects. He has been involved in various projects where there was little production, poor infrastructure or markets for heavy oil, growing them into significant assets through his visioning and operational strengths. He was Co-Founder, President and COO of Bankers Petroleum Ltd. ("Bankers"), an oil and gas exploration, development and production company listed on the TSX AIM, from its inception in 2004 until August 2008. During this period he led Bankers in re-developing its heavy oilfield, building the team, the necessary infrastructure and relationships resulting in reserves growing to over 150 million barrels and production from 500 barrels oil per day (bopd) to over 6,000 bopd.

Mr. Wadsworth previously led and managed a joint venture company for the initial exploitation of the same oilfield in Albania on behalf of Premier Oil Plc and its three International E P partners. Previously, he held various roles within Koch Petroleum Canada over 9 years mainly in the heavy oil sector. Mr. Wadsworth is also a Board Director for Gallic Energy Ltd, a junior public oil gas company with international assets. Mr. Wadsworth holds a Chemical Engineering degree from the University of Calgary, and is a registered Professional Engineer with APEGGA.

Richard Wadsworth stated, "In my short time here as an active Board member I have become excited at the company's potential, especially its PetroSonic heavy oil processing technology which we have demonstrated can increase heavy oil from 10 API to over 25 API increasing each barrels economic value. This application can have a tremendous impact to heavy oil operations. With the Board having just completed a strategic review of its business I expect to execute this new strategy over the coming months which will see focus and the rapid commercialization of the PetroSonic platform, further development of SonoAsh and SonoOil and the disposal of non-core assets."

"We are extremely pleased to have Richard take on the leadership role of Sonic, having someone with such a successful track record in building companies and projects directly related in our heavy oil focus is an important strategic appointment for the company. I look forward to working with him." said Mr. Adam Sumel.

Further changes to Sonic include the departure of Dr. James Hill as President. Sonic thanks Dr. Hill for his past contributions and wishes him success.

In association with this announcement the Company has granted 1,925,000 stock options to directors, officers and employees, exercisable at $0.20 per share. The terms and conditions of the grant are subject to the approval of the TSX Venture Exchange.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

SOURCE Sonic Technology Solutions Inc.

Copyright (C) 2009 PR Newswire. All rights reserved

Redirecting...

[splitmind]

Just a follow up, since I never really explained the 'why' of this stock. My explanation of their process is very rudimentary, but their website (see bottom) gives an excellent explanation of things.

The company has been around for a number of years. They started out building a sonic generator tool that was used for environmental cleanup of contaminated soil, like pcbs. Their machine is in essence a giant steel tube which vibrates at high frequency like a tuning fork used for tuning a piano. Moving the contaminated soil through the tube with high vibration frequency + fluid allowed it to separate the dirty/contaminated soil into components. (ie the good from the bad)

This on its own was reasonably profitable. Then their scientists thought would this work in oil refining? It was found useful in refining heavy crude into light crude at a reasonable efficiency. Additionally the waste product in the refining (ash) is sold as a major building block in concrete.

At first reading it all sounds a bit like alchemy but then you see that Shell is one of the major partners involved. They have a corporate team with years of experience.

I have no idea on what the base/ceiling is for this stock. Their balance sheet for the past few years isn't terrific as a great deal has been spent on R&D, but now with their first announced drill site revenues should stabilize. If they get 4-5 future sites going it could be very profitable.

I've been buying this stock from .06 - .205/share averaging .113/share so far. Its trading around .21 today. If anything else it makes interesting reading, and could be a very profitable part of ones portfolio although it carries above average risk.


http://www.sonictsi.com/

[splitmind]

http://researchfrc.com/research/pdf/...rch%202009.pdf

Earlier I said I didn't have an estimate on the buy/sell floor/ceiling. This is a March 2009 report that is new to me. They put their fair estimate value of the company at $1.06/share. Todays close $0.18.

Has anyone had any experience good or bad with fundamental research corp who did this report?

[splitmind]

Sonic announces sale of Terra-Kleen Process for $1.5M

VANCOUVER, Nov. 26, 2009 (Canada NewsWire via COMTEX) -- (Canada NewsWire)

TSX Venture Exchange Symbol: SNV


SONIC Technology Solutions Inc. ("SONIC" or "the Company") today announced that it has entered into an agreement (the "Agreement") with Energy Invest Group Ltd. ("EIG") to sell its Terra-Kleen system and process for $1.5 million plus future royalties.

Under the Agreement EIG will purchase the Company's assets related to the Terra-Kleen process to extract persistent organic pollutants such as PCB from soils and other wastes. The purchase price payable by EIG will be $1.5 million with $0.5 million paid immediately and the remainder payable within 24 months. In addition, EIG will pay royalties to Sonic for each tonne processed using the Terra-Kleen system after payment of the purchase price is complete. The royalty rate will be $10-$25 per processed tonne.

In addition, Sonic has agreed to grant EIG a 1 year exclusive option to license its PCB Sonoprocess(TM) with possible extensions based on project growth generation. Financial terms for this will be a function of the commercial terms acquired with each project to be based on a license fee and on-going royalty interests.

Richard Wadsworth, Sonic President and CEO, stated, "This Agreement provides Sonic with an immediate return on its environmental assets and shifts its focus to the near term development and commercialization of the PetroSonic heavy oil upgrading business. With EIG's international environmental project contact base and its other environmental technologies they will be in a much better position to capture projects and generate revenue to which Sonic will receive an ongoing percentage." The Agreement remains subject to the acceptance of the TSX Venture Exchange.

Nigel Harper, Energy Invest Founder and CEO, commented "The acquisition of Terra-Kleen, combined with the exclusive licensing option on the PCB Sonoprocess will enable EIG to provide a unique solution to difficult remediation problems, particularly those involving Persistant Organic Pollutants. EIG has a number of large projects in the pipeline which will enable us to capitalize on this opportunity."

[splitmind]

I'm not sure if I am alone on Stock Rants monitoring this company's progress. I've been told that the margin is around $20/barrel on the heavy upgrading if it is done in Europe. In their third quarter report on Sedar they speak of working to get their PetroSonic generators sold and put to work in Europe. Their new CEO, (first post of the thread), was co-founder of Bankers Petroleum and has extensive experience in Albania and in heavy crude.

Once a sale is announced I imagine this stock should really pop. There is still significant risk here as their long term debt is around 30 million, however if their machines can deliver at 600-1000 barrels a day, even just two machines could bring in $24,000-$40,000 a day in revenue and lift the stock to around .50/share. Considering that the machines are about the size of a large SUV it is easy to place one at each oil well making oil heavy crude pipeline able at source. Once they have more than 10 machines going, and if their patents are approved on the oil sands (SONO OIL) JV with Shell, $3-5/share within 3 years is not unbelievable. The patent decision is expected in Sept-Oct 2010.

Disclaimer, I hold 220,000+ shares.

Here is the latest press release, with highlight on the Europe work mentioned above.


Sonic announces issuance of 1.2 million options

VANCOUVER, Jan. 21, 2010 (Canada NewsWire via COMTEX News Network) --

TSX Venture Exchange Symbol: SNV

SONIC Technology Solutions Inc. ("SONIC" or "the Company") today announced the grant of 1,200,000 stock options to officers and consultants of the company at an exercise price of $0.15 per share for a 5 year term. The stock options are granted pursuant to the company's stock option plan.

These options were issued with the recent changes in the management of the company and the addition of key consultants which will work closely with the Company to execute its strategy of developing a PetroSonic heavy oil upgrading facility in the international arena as its immediate priority.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement except in compliance with applicable securities laws.

SOURCE: Sonic Technology Solutions Inc.

Chief Executive Officer, Richard Wadsworth at: Tel: (604) 736-2552, Email: info@SONICTSI.com, www.SONICTSI.com
Copyright (C) 2010 CNW Group. All rights reserved.

[splitmind]

Here is the news I've been waiting for. This is huge for this SONIC. It is finally a company with steady revenues, and declining R&D costs. The important thing to remember is this (Petro Sonic) is just one of four potential revenue centres for Sonic.



Sonic announces PetroSonic heavy oil upgrading JV in Albania

Thursday, 04 February 2010


Vancouver, CANADA - SONIC Technology Solutions Inc. (“Sonic” or “the Company”) today announced that it has entered into a joint venture in Albania to build and operate initially a 1,000 bopd PetroSonic heavy oil upgrading facility.

The joint venture is with a private company (PrivateCo) which will provide an existing lease and facility which has been utilized in the past for crude blending operations. The PrivateCo will contribute an initial $1 million in capital required into the joint venture. Sonic, through its wholly-owned subsidiary PetroSonic will provide the license for operating Sonic generators and the process for upgrading of heavy crude oil along with the initial one or two sonic generators to process 1,000 barrels per day of heavy crude oil. The joint venture will be owned 60% by PetroSonic and 40% by PrivateCo. Since much of the infrastructure is already in place at PrivateCo’s facility, it is expected that the capital required to commence operations will be approximately $1 million. The joint venture anticipates start-up of the facility this June 2010.

Over the next 30 days the parties intend to finalize a shareholder and license agreement and register a joint venture company in Albania, after which PrivateCo will deposit the initial $1 million capital commitment into the joint venture account. These funds will be utilized to cover costs associated with establishing operations.

Albania provides an excellent region for the application of the PetroSonic process. Albania has the largest onshore heavy oilfield in Europe, with low recoveries to date, and several companies are re-developing the oilfields with production growth expectations. The oil is typically heavy, high in sulphur, and incurs significant pricing discounts relative to conventional oil along with transportation challenges. These factors make Albania an attractive location for PetroSonic’s first facility.

Richard Wadsworth, Sonic President and CEO, stated “I am pleased to be entering into a joint venture with an Albanian partner, bringing a clean upgrading technology to Albania where I believe we can improve the quality and economics of the heavy oil. With our clean de-asphalting and upgrading technology we can improve on the challenges Albania faces with its environmental, transportation, refining and energy needs”.

The PetroSonic process consists of a first phase of rapid de-asphalting of oil that is expected to increase the API of typical Albanian heavy oil by approximately 6-10 degrees, reduce sulphur and metals by 40% and lower viscosity by 99%. The second phase of the process utilizes a chemical oxidation process which can upgrade oil by an additional 6-10 API. The Joint venture will initially focus on the first phase de-asphalting process. Once de-asphalting operations are successfully established and cash flow is being generated, the joint venture plans to integrate the second phase.

With respect to the previous Mirex joint venture in Alberta announced in June 2009 by previous management, the Company is in further discussions on its status and funding with Mirex. With current heavy oil differentials in Alberta being tighter than historic averages, the Company has not made this project a priority but continues to believe that in the longer term the economics will improve and a PetroSonic project in Alberta will be initiated.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this release that are forward-looking statements, including completion of relevant joint venture agreement documents, funding of the capital for the joint venture, timing, cost and completion of the heavy oil upgrading facility and prospect of moving to a second phase of the de-asphalting process are subject to various assumptions and risks concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement except in compliance with applicable securities laws.

For further information please contact Richard Wadsworth Chief Executive Officer, at:
Tel: 604 736-2552
Email: info@SONICTSI.com
www.SONICTSI.com

[zippy]

I for one am still following your updates split...I think there is quite a bit of risk with this pony but I got a few more on Tuesday @ 0.12. ..Could look pretty good in 9-12 months.

[splitmind]

Anyone who is interested in an Investors Presentation from SNV private message me your email. I tried to attach it to this post, but it is too large a file size for the forum requirements. (4+ mb PDF file)