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.

Now that sort of market cap would have us dancing in the street.
2517

you are right, george!
Clearly barclays had multiplied the cap by the odd 100, have now edited it to give correct sum.
I do quite like the idea of 4.87bn market cap though, works out about 55 a share!
Settle for a mere 1bn market cap and 10+ a share, I'm not greedy, leave some for the next investor!!!

Did a dummy buy, quoted 57p so perhaps the other trades @ mid-price of 57p are also buys.
2517

moving up again now.
Results are out in a few weeks time, remarkably efficient, as efficient as their compressors, I hope!

For Immediate Release 21 January 2008


CORAC GROUP PLC


Notification of Preliminary Results


On behalf of our client Corac Group plc, we notify the London Stock Exchange
that the Company will be announcing its preliminary results for the year ended
31 December 2007 on Tuesday 19 February 2008.


An analyst briefing will be held on the morning of results at Buchanan
Communications, 45 Moorfields, London EC2Y 9AE.


For further information please contact:

Suzanne Brocks/Ben Romney
Buchanan Communications Tel: 020 7466 5000

moving up nicely today, be good to get through the 60p level .

these are extracts from a Numis brokers report, sounds good!

Economic case is compelling

We agree with the companys view that, for this particular field and the many others that have been analysed, once DGC has been fully proven down the hole, there is an overwhelming case for deployment wether it is recovering stranded gas or just giving the operators a much better return on their investment. For Corac, as well as the capital cost of sales, in this particular example there would be a size from refurbishment of the units every two years.

130m sales opportunity from JIPs in the short term

According to Corac, the JIP partners have identified 170 wells immediately suited to DGC technology. Even excluding engineering fees and replacement/refurbishment potential, which should occur at least once every three years, we estimate that 170 units could amount to some 130m sales and about 80m operating profit. If the DGC extends a well life for say 5-6 years for example, then this estimate could almost double with aftermarket sales.

Numis say DGC becomes a no brainer if the technology works down hole

--------------------------------------------------------------------------------

gosh .... don't tell me bolt-on and i actually have a liking for the same company

could be , ci-nyc
although I prefer to hold a company for longer than the concentration period of a gnat, but each to his own.

I'm currently sitting on a 100% or so gain on a decent chunk of these, with plenty more to come. That has required a quality that seems to be missing nowadays, called patience. Nowadays a long term investor is thought of as someone who buys on a T10
Medium term holds for the day
Short term less than an hour.

oh dear, no wonder we are in such a mess.

notlob .... I'd agree with most (well, perhaps all) of your last post as regards future potential for CRA share price and the timelines of some 'investors' who seem to like posting (on boards other than Moneyam) the L2 data on 'long term' holdings throughout the day... ;-)

good point, survived 87.

Looks to have gone against the grain in these horrid market conditions.

notlob--------In my high risk/reward portfolio I hold the likes of PET, PELE, AMER, MDC, DEMG, & several other jam tomorrow co's which have required an infinite amount of patience, many investors are in the same situation and they seem prepared to wait for them to perform as indeed I do. However in the current volatile market it makes sense for any investor to secure a decent profit, whether it's short term or not. Good luck all
2517

2517GEORGE, we must all play it as we see fit. As I said, each to their own.

I am afraid I am not good at the short term thing in any case. Too much hassle as well. I like to pay for my shares and only cash some/all of them in when I feel a suitable value has been reached. Not interested in taking a few off the table just because Mr Market is having a good or bad day.

Good luck with your shares as well.

I must admit, I quite like DEMG, not really jam tomorrow as the sales are increasing in a steady if somewhat slow-ish rate from a low base.
Not sure what , if anything, would accelerate the process, given the NHS's pedestrian rate of process. But it does look like it should come good in the next year or two, on my watch list for investment.

Have stated my stance previously, i have a larger than average holding here, and have been looking to top up with more, gutted i didn't buy at 54p three days ago... but also happy to see these giving the portfolio a much needed boost, i believe this one will go much further upwards in due course, and although any reported set back with dgc will hit these, there is also value in there other turbine technology which appears to be progressing nicely...

A nice finish to the week at 58 / 61. Await with interest to see if continues up a bit next week - in which case we could see a new all time high.... (which would be quite nice in present economic climate).

I think if it breaks 60p for good, that will then become support and i can see it going considerably higher, foresight says poss 80p if figures are good next month, mores the pity i never topped up earlier in the week, but may do so and stand by my prediction...

you may have plenty of chance to top up next week ..... i have a feeling in my bones that it will not be pretty

thats what i'm expecting too, although this one really does seem to be ignoring the market, ie we are at the same price now as when the ftse was 1000 point higher, thats why i can see it breaking this resistance of 60p with figures due on 19th, if accompanied with a bullish update on progess of DGC.
Just need TAN tostart performing, but having looked at the chart last night, it certainly doesn't look too pretty, however, that is certainly another company i have no problems with topping up...

.... and despite Asian indicies finishing decidedly red and European indicies down this norning then CRA is moving on up quite nicely indeed .... ;-)
and with offer now moved up to 65p then I wonder how soon we might see 70p .... perhaps sooner than originally expected.

quite so, but no news at all .... hard to believe it is just in anticipation of good figures, due 19th Feb, but perhaps it is ....... average daily volume is only about 250k and already about 170k .... nevertheless, that is scarcely mindblowing