Yes an engineer but lets call it a TECH Engineer. Compressed air technology is its main business, develops industrial air compressors and Gas seals and whats more it provides them for the OIL and GAS industry.
Very close to commercialisation now with its compressors and seals and todays deal ( see below ) should bring that very close.

Charges upfront payments, continuing royalties and development contracts so revenues are not lumpy.

It as a market cap circa off the top of my head 20 million(hope my calculator is now working) and as circa of 5 million cash on the books, very nice.

Some very big names as customers.

Heres todays announcement...........

Corac Group Plc
26 May 2004


For Immediate Release 26 May 2004


Corac Group plc ('Corac')

Joint Industry Programme for Downhole Gas Compression

Corac, the intellectual property and licensing company specialising in
compressor technology, is pleased to announce the signature today of a Joint
Industry Programme ('JIP') for the development of its unique, patented downhole
gas compression technology.

Following the recent successful completion of a Shell funded feasibility study
which evaluated both the technical and economic viability of the technology,
considerable industry interest has been generated, culminating in the addition
of a further four major international oil and gas operators to the project.

The participants of the JIP comprise ConocoPhillips, ENI, Husky Energy,
Repsol-YPF as well as Shell, all of whom have gas assets worldwide which they
believe could benefit from this game changing technology. As well as covering
the development costs for the next phase, the participants will also make
substantial resource available to ensure the final product specification meets
the requirements of the industry.

Corac's downhole gas compression concept involves the coupling together of a
number of axial compressor modules in a single compression train for
installation in the well bore in close proximity to a gas reservoir. In this
location, a modest uplift in pressure results in a very significant increase in
gas production compared with conventional methods using surface compression,
thereby accelerating gas production and cash flow from a producing asset.
Potential production rate enhancement of up to 40% has been demonstrated through
the application of downhole gas compression during a number of gas field case
studies carried out over recent months.

Placing the compressor downhole could also have the effect of being able to
lower the reservoir abandonment pressure which in turn would materially increase
the ultimate recovery from a gas field, thereby further enhancing the economic
benefit from the installation of this novel application of existing technology.

Phase 1 of the JIP is scheduled for completion by the end of 2004, with further
engineering and development work leading to the manufacture and testing of a
prototype downhole in a producing gas well within the following two years.

Commenting on the JIP, Professor Gerry Musgrave, Chairman, said:

'The support from such eminent oil and gas companies vindicates Corac's
development to date of the downhole gas compression project and gives the Group
another product line to bring to the market using its core technologies. It is
the start of a major business development opportunity which is expected to have
significant international ramifications throughout the upstream natural gas
industry.'ENDS.

Although loss making at the moment it shouldnt be very long before this one turns the corner.

Outlook

The Company has a loyal, talented workforce dedicated to the innovation and
exploitation of the technology. Successful trials have demonstrated the
commercial performance in Corac's industrial air compressor and its seals. The
Board is striving to deliver the right manufacturing and sales licences which
will yield the best returns in the long term.

We are confident that a number of deals, which have been subject to recent
intensive negotiation, will be successfully concluded in the near term.

Short to medium term investment, and anyone interested should DYOR and please remember you are responsible for the timing of your buying and selling actions.

cheers GF.

cynic
that was one of my nice posts, factual stuff in there as well, what more do you want!

Happy New Year to you!

have just added a bit for you! ...... was checking some numbers etc

no problems.
for me its all about risk/reward and what any individuals overall financial position is.
I am very happy to have a decent exposure to Corac, albeit my in-price what much lower than the current one.
I tend to go in large on the ones I like, it can mean large losses or large gains, but,overall, the gains have far outweighed the losses.
If others adopt a more cautious stance, I have no problem with that.

right with you nl, I have been building a larger than (my) average holding in these and haven't sold any yet,nor do I intend to, I trade all my other holdings but I am clearly expecting bigger things here.

Thanks for the clear response, notlob. Imo, if you are already holding then this is certainly worth keeping, but if not already in then other investments may see a better return in the short term.
Remains on my watch list - Just hope I don't miss the boat!

i am undecided on this one .... there are a few which are similarly tempting for one reason or another, like AIE and PVCS

going nicely today

a detailed write up on Corac has been posted on the fool.co.uk site, as part of the share competition over there

http://boards.fool.co.uk/Message.asp?mid=10853100&bid=51144

tipped in the Observer today

http://www.guardian.co.uk/business/2008/jan/06/investing

Gervais Williams
Head of UK smaller companies, Gartmore

Some of the companies we research are not just 30-50 per cent undervalued; in our opinion they are trading at entirely the wrong price.

Corac, a company that helps oil companies extract more gas from each well, is a good example. There is huge scope for Corac to sell its 1m compressors. There are tens of thousands of wells, yet the company is capitalised at only 47m.

The word seems to be spreading--that's what we want.

i bought last week at 57.5 (also PVCS) ...... be aware that CRA is a pretty tight market

wonder which share they are referring to here?
think we are shortly to get a bit of an uplift?

http://www.fspinvest.co.uk/investment-services/red-hot-penny-shares.html

-just the intro:

An energy supply bigger than Saudi Arabia's?
Four of the world's largest energy giants have funded every stage of its development

You could see gains of 127% to 2,171% when this company's 'torpedo technique' gets deployed FOR REAL in 2008


Fellow Investor,

If you think the above sounds far-fetched... frankly, I don't blame you.

At first I felt exactly the same.

But the truth is, what I'm about to describe is the greatest untapped source of energy in the world... capable of powering every home and business in the country several times over... and enough to satisfy "one-third of total world demand for the next 35 years" (PetroWorld Limited and Transworld Oil USA, Inc).

Now don't be surprised that you've never heard about this story...

There's been barely a word written about this in the media, and for good reason...

Until now, this colossal energy supply has been impossible to bring to market.

Today I'd like to reveal the one company
that could achieve the 'impossible' in 2008
Right now a "mighty mouse" of a UK firm is preparing to unleash its patented new technology... and single-handedly revolutionise a multi-trillion pound global energy industry.

More importantly, it could be your entry into one of the most profitable investment markets of the next 35 years... a real "legacy-maker" for your kids!

Today, this share is an extreme bargain. But as I'm about to show you, I bet my last penny it won't stay this cheap for long.

You see, they've found a way to tap a hitherto unreachable energy supply.

It's a technique that would liberate more energy than we got out of the North Sea... a supply which experts say will stand up to the mighty reserves of Saudi Arabia.

But let me be absolutely clear...

This has nothing to do with oil, nuclear power, or any of the wishy-washy alternative energies you hear about in the press.

No. This is something potentially bigger and far more lucrative than any of those things.

In fact, the world depends on it...

So if it's not oil... what is it?
It's the invisible resource used to your heat home, fuel your kitchen appliances, generate your electricity and manufacture many of the chemicals we use everyday of our lives...

I'm talking about: Gas.

Without it, Britain and the whole of the developed world, shuts down. It's as simple - and as valuable - as that.

Consider it a moment...

Fifty-three per cent of the power most people use every day of their lives comes from gas. According to government forecasts this figure will rise to 78% by 2020.

Even the remotest shortfall could be disastrous because you simply can't use coal or oil to fire gas-powered stations.

No gas, no life as we know it. And it's easy to see why...

Your central heating, hot water, hob, oven, clothes dryer, fireplace... all rely on gas to function. Gas fuels the power plants that supply our electricity, not to mention almost every industry on the planet!

Worldwide we burn through over 100 trillion cubic feet of it a year. Even the chemicals we use in our factories, making drugs, powering machinery, living life as we know it... all need gas. It's a habit we can't quit.

Imagine the UK all gassed out...

Factories close. Hospitals don't open. Streetlamps don't burn. Restaurants shut down. Everything we take for granted in our own homes simply won't work without gas.

But thanks to one eccentric British professor's invention - and the little-known company manufacturing his incredible technology - this is the type of scenario we won't have to worry about for many years to come.

If successful, I have no doubt that EVERY major energy producer in the world will be using this remarkable invention...

And the potential windfall for investors in the little company bringing it to market could be astronomical.

Notlob, you have taken this thread from sensible posts, to trashy rubbish. Sounds more like the journalist should be selling ironing board covers.

harrycat

sorry you feel that

I'm only posting what is freely available out there.
It is not my copy , but rhps

yes, I agree, the blurb is OTT, but the underlying message that CRA have a unique invention that is very valuable and the CRA shares are undervalued is still relevant, i feel.

Notlob: you could well be right that this article refers to CRA.

Harrycat: it's just written in the usual style of red-hot-penny shares. Notlob does mention it's 'OTT' (see VIY thread) - same as on BRR thread incidentally.

last chance sub 60p, an absolute steal, imo.

>60p looks to be break-out territory to new multi-year highs

still just scratching the surface with this one, imo.

Lots of stocks doing well today. Be interesting to see if it holds above 60p when the market is down. My opinon is that it won't yet.

thats the spirit, optimism abounds!

investor sentiment is low, generally, therefore only one way that can go!
much prefer that to everyone saying markets are going to the stars.

So you'd prefer to hear stuff that makes you feel good rather than the reality?
I can oblige if you want, but imo sub 60p is still on the cards when the DOW & FTSE have a bad day.

harrycat, whatever
to be honest, not too bothered about where these are on any specific day or if they drop a tad 'cos the Yanks have a bad day at the office.
I'm in these for long term gains, first bought in 3 years ago, average is in the high thirties.
I think they could reach several pounds in the next year or two, and , if they don't get taken out by an oil services major, we could see 5+, subject to everything remaining on track.
imo.