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.

Yes i didn't mean to come across as i consider it a done deal, but there are a lot of clever people with all sorts of letters after their names working on this, every problem has been overcome and i just hope that this will continue to be the case...

Even this created a turn around today...!



RNS Number : 8756X
Corac Group Plc
30 June 2008


CORAC GROUP PLC ('the Company')

The Company announces that is has posted its annual report and accounts to
shareholders and that these may also be viewed on the Company's website:
www.corac.co.uk

Enquiries:

Corac Group plc (Tel: 01895 813463)
Professor Gerry Musgrave, Executive Chairman


This information is provided by RNS
The company news service from the London Stock Exchange

END

ACSUROURWRRNOAR

????????????????
down 10% this morning but no volume or news
anyone any idea?
disastrous field trial or similar?

No. Just a change on the Board which doesn't seem much of a surprise. A mighty bounce though in the sp this morning. MM's playing games???

RNS Number : 4044Y
Corac Group Plc
07 July 2008


For Immediate Release 7 July 2008

CORAC GROUP PLC

('The Company')

Board Appointment

Corac Group plc ('Corac' or the 'Company') (AIM: CRA) is pleased to announce the
appointment of Sian Westerman as a Non-Executive Director with immediate effect.

Sian Westerman, aged 45, is currently a Managing Director in the Investment
Banking Division of NM Rothschild & Sons Limited. In this role, Sian
specialises in complex mergers, acquisitions and disposals, capital raisings,
corporate governance,
strategic advice and investor communication issues. She provides advice to a
wide range of public and private companies and private equity houses, acting for
blue-chip UK companies as well as a variety of small and medium sized
businesses.

Sian is a Director of NM Rothschild Corporate Finance Limited, a Non-Executive
Director of A.S.H.S Limited, the holding company for the business of Anya
Hindmarch and a director of Westside Independent School. She qualified as a
solicitor with Slaughter
and May in 1988 and holds an LLB (French) from the University of Birmingham. In
2003 she was named Harpers & Queen/Chanel Business Woman of the Year.

Professor Gerry Musgrave, Executive Chairman, said:

'I am delighted to welcome Sian to the Board of Corac. She joins the Company at
an exciting time in its development and her experience with Rothschild and in
particular her involvement with major corporates will hold us in good stead for
the future.'



A big name indeed, i can only read this as she must think the company is about to start going places, having dealt with the merger of Royal dutch and Shell, amongst other big fish in the energy sector, this can only be a positive appointment...
A disastrous field trial will surely have a far bigger detrimental effect on the sp, i would imagine the sp being knocked down by more like 90% as the industrial air side is only just starting to get going...

I wonder if stop losses are being triggered as sp down another 7% this morning, along with many other stocks.

All small caps are being marked down, doesn't seem to matter whether there are little trades or not

This is just a healthy pull back after last meteoric rise, i'm waiting for 67p to buy more, although heaven knows i should really have enough...

Gone through the 50DMA & now heading for the 200 DMA at 63/64p. Historically good support between the two.

Corac just touching its 200 DMA - my target price to buy. Hope it will bounce off this.

all interesting stuff after a lacklustre week or two .... now +8.5 at 72

all gone very soggy again, per the chart below ..... probably and hopefully just on lack of news rather than anything sinister ...... however, note that 50 dma has been challenged and failed, so perhaps will fall back to 200 dma at about 65 before rallying

"On 21 July 2008 Corac's Employee Benefit Trust ('EBT') granted 300,000 share options to Philip Newell, Corac's Finance Director who joined the Company on 26 March 2008. Of these 173,900 are in the Enterprise Management Incentives scheme and 126,100 in the unapproved scheme. They are exercisable, subject to the achievement of performance conditions, at 69.0 pence per share between 21 July 2009 and 21 July 2018."
I'm a bit surprised that they didn't set the exercisable price a bit higher than that. Doesn't seem much of an incentive to me, given that the sp regularly fluctuates around that price already.

A consolidating triangle... just need some news.

Gradually drifting to the 200 DMA (currently approx 66p) which it has rarely fallen far below. Possibly a buying opportunity for those that think the technology will be profitable. Am not currently holding but becoming more interested now.

latest RNS, while vaguely encouraging, did NOT say that the filed trials etc were all going great guns ..... mere conservatism, or hiding glitches?

In this market the news of further delays can only be taken as negative.

did i miss something? .... i saw no mention of any delays

Repsol trial delayed in Argentina was to be first, ENI trial will not happen before first quarter of 2009 according to RNS.

we obviously saw different announcements!