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.

Up 11% on the day so far.................. NICE.

Someone on another board says its been tipped this weekend by RHPS.

If thats the case it should be hot monday.

And will be marked up from the off.

Hasnt got that far away.

Great potential here.

Just found this in my E- mail from a few days back obiously refering to CRA...

The best thing you
can do with 41p in
the next four days...

A British AIM-listed company has just figured out how to drill unreachable gas that could boost a wells production by a whopping 40%


As Shell, Conoco, Repsol and Husky rush to invest in this companys PATENTED friction-free drilling technology

Dear Mr**************

There are 100,000 gas wells in the world that could use this breakthrough technology to reach gas previously thought to be un-drillable...

The small UK firm that has developed this technology needs to supply just 0.1% of them to turnover 100 MILLION!

Even at this highly conservative estimate, this AIM-listed firms share price could soon ROCKET upwards at a rate of knots...

And thats why this is such an important invitation. Because today these shares are available for just 41p...

How to start a new life with 41p...

When **************** readers are briefed on this stock tomorrow, trust me, theyll be queuing up to pile in for pennies when the market opens for business on Monday morning...

YOU could be lining up alongside them... riding with them as they look to make up to 144% on their money in the next 12 months... maybe even TEN TIMES their cash in the longer term...

TA looking solid...

look massively undervalued,imo

35m market cap for a company capable of extracting billions of pounds worth of extra gas....you're having a laugh!

should be more like 100m for starters and then some

best no-brainer multi-bagger on the market?

L2 strengthening, move up soon?

Corac starting to move up again
Edging closer to a chart break-out? (>50p)

Looking at some other IP plays, CRA looks very modestly valued with massive potential.
Other companies, like PDX and CER, CFU, have valuations 150m-200m

Corac only 35m yet massive world-wide potential to recover up to 40% extra gas from suitable wells.

Corac also have several other irons in the fire.

Nice move up this afternoon NL.

goldfinger
see you started this thread 3+ years ago, you a long-term holder of CRA then?
I first bought in around 2 years ago + have added at various times since, I was blown away by the potential of DGC
I can't believe you can still pick up CRA at these levels, with DGC live trials just around the corner.

this was posted on another board, nice link!



http://ior.senergyltd.com/issue13/research-development/smes/corac/

***Game Changing Technology***

-just a quick reminder why CRA is the best risk/reward stock on the market(imo!)
-Here is a link to a report on DGC published by the DTI , maximising oil and gas programme.

-This is something the Government is very keen to do, to reduce our dependence on overseas energy supplies.

-Gas prices are again starting to edge up again and the recent rapid detioration of relations with Russia will only put further pressure on the UK to ensure as much independence on gas supplies as possible.

-The article again outlines the substantial advantages that ONLY DGC can provide.

-Don't forget, in the development of DGC, CRA have no competition at all. (even if they did, a 100bn market gives a bit to go for, in any case)

-Interesting also to note in the article that there are developments in hand which would enable CRA's DGC to be applicable to a wider range of gas wells, by increasing the temp. at which the electronics can operate at.

-The current max. market for DGC is estimated at 100,000 gas wells, guess that figure could rise if these developments are succesful!

-but as the recent rhps tip has pointed out,just 0.1% penetration is still 100m at high margins, with recurring revenues chucked in as well!

ps
assuming we make a nice profit, taper relief will come in handy!

Continuing the momentum drive.

Even TB is on this one, the mm's know it too so will wait for a fall before looking to buy in... Further testing and some positive feedback from the field is whats needed now.

Notlob, re your post above, just seen it sorry for the delay...

goldfinger - 15 Jun 2007 10:36 - 90 of 109
Yep. Bought in again to add to my residue stock when a well known and respected PI on finfoex mentioned this one on that site.

no probs, goldfinger
thanks for the reply

CRA going very nicely, looks like they are breaking out >50p

Think Numis have put out a recent update with a circa 1 target-if DGC lives up to its potential, you can add a '0' to that + still be good value!

Have you got a copy NL?.

not yet, GF, but will have soon

Numis have put a price of 2.60 on CRA for 2009, and discounted that back to 96p target for this year


Numis Securities said Corac is getting close to establishing whether its downhole gas compressor (DGC) technology will be a commercial success, adding that it is increasingly possible as Corac comes to the end of the four-year development
programme.
The brokerage has a "buy" rating on the compressor technology company's stock.

now got a copy of the Nuims note, and it ain't too bad
They reckon CRA worth close to a 1 right now, if they discounted at a more reasonable rate they say the now price is around 2.24 or so
If DGC works as it says on the tin, they actually use the words 'no brainer'
ofcourse, the risk warnings are in there as well, to be fair
try to post a bit more detail when I have some time.

Corac heading back up
reading the note, no wonder!
Looks like this is heading for a couple of quid plus, Numis even use the 'no brainer' phrase!