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.

Not even sure of the potential in all honesty, in theory everything sounds great however sucking gas out of the ground..... Reminds me to some extent of Dyson and their over rated cyclonic cleaners... I'm sure a few days of research will prevail..

back to front! ..... it compresses the gas, thus increasing its pressure and % of extractability (barely english i'm afraid!) ...... sure hope it'll work better than mr dyson's vacuum cleanere about which i hear little good.

Off topic, the early Dyson's were too heavy and expensive....shame that you can't put this in an Isa... the graph looks good... don't know much about this one...need to do a bit of research...

>the early Dyson's were too heavy and expensive....shame that you can't put this in .......

As it's the CRA thread, then for a moment there I thought you were going to say "the early Dyson's were too heavy and expensive....shame that you can't put them down a hole in Cumbria and call them DGC's".

easy, any problem reported with DGC's and expect the sp to fall 50%, although this will be overdone as companies currant compressor order book (as reported) gives support of approx 35p share price , however as widely reported, if successful, sales of DGC units at 1m a time and with replacements required at estimated 2 years shelf life, and 1000 well deployment possibility, the possible growth (recession proof) year on year for this co is multi bagger from current sp...
you place your money, you takes your chances... fwiw, im in for long term with a large stake and already up 30%, log may the rise continue (on hopes)...

Seems like another good day for CRA already. Interesting if it'll continue until preliminary results are released (Tuesday 19 February 2008).

just keep an eye on Dow ...... i really do think that is due for quite a heavy correction from the current level and that will drag down london

CRA, with the prospects that it has and the partners it has on board, should really be trading north of a 1 now.

See Happy Harry is at it again, given the volatility of the markets, if you keep saying it there is more than a decent chance you will be right!

smart arse - lol!
just for your info, Dow indicators for today were initially showing +40 but now only +12 ..... my money is already laid on Dow falling back

not really bothered what the yanks do
it could be up or down a couple of hundred.....who knows?
prefer my longer term investments , such as CRA, which have already given me 6 figure profits, and I don't mean 119 5 shillings and three pence ha'penny(!) to chucking a few bob on the roulette wheel that is called the Dow.

but each to their own, bon chance!

you are not entirely wrong, but (any) US malaise will assuredly spill over to London ...... more importantly, many or even most commentators do not believe we are remotely out of the woods yet with regard to wordlwide economic slowdown or worse (nor do I) ..... if that indeed proves to be the case, then all markets and shares will suffer significantly, regardless of their underlying prospects

yes, but as an investor, that is what you have to live through
goes with the territory, one day Mr Market is in a generous mood, next day he don't want to give you nothing
I cannot predict such things and don't have any interest in doing so.
In small cap shares , which is mainly where i tend to be, its a question of holding , through good and bad times, and hopefully getting a winner at the end of it.
It has worked for me,so far.

That's not quite what you said on the IPL thread!

and judiciously banking profits or cutting losses!

yes, harry cat
CRA is a long term investment for me.

IPL i viewed as a quick punt, it never was an 'investment' for me, just a spread-bet to pass the time!

All my CRA shares are fully paid for!

That was a b----y struggle getting back to unchanged.
2517

back in again at 63 ..... had hoped for 62, but no real complaints ..... trading these has worked well enough for me, having bought back cheaper than the price at which i sold, and also making profitable use of that money while it was "spare" ..... isn't that the point of investing in shares?

Absolutely, I've done the same with CRA,ROK,PDG and to a lesser degree BRR, long may the market continue to be volatile.
2517

Although I'm not back in CRA or ROK yet.
2517

if you want to scare yourself, and also have the time and patience and concentration to watch the markets, there is a lot of money to be made on the indices when they are this volatile