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.

Looking forward to gains in this. An undervalued company that as massive potential.

cheers GF.

Up 10% on a real bad day for small caps. Still very cheap at this price.

cheers GF.

Up nearlly 14% on a real bad day for small caps.

Time to get in I feel if your not already in.

cheers GF.

Heavy volume again for this one today. Should tick up at any time.

cheers GF.

On Aim, Corac Group, which licenses oil-free compressor technology, gained 3.5p to 32p as institutions clamoured to get hold of stock in the wake of a positive presentation by the company at an industry seminar hosted by broker KBC Peel Hunt.

cheers GF.

Watch out, some big news is coming. No jives what I have been told. And told by a good un.

cheeres GF.

From Citywire today...............

Dreams of gas bonanza pump up Corac
Published: November 2004 < PREV | 1 | 2 | 3 | 4 | NEXT > TOTAL PAGES: 4
By Cliff Feltham, Companies Correspondent Back To Today's News Printable Version

Related Articles
Corac in the red but looking rosy:
13:10 Wed 12 February 2003 read
Corac: more than hot air?:
13:22 Mon 23 September 2002 read







After months as flat as a punctured tyre, shares in AIM listed compressor technology group Corac are steaming ahead.

Priced at 25.5p on 11 November when joint broker Durlacher published a note, shares (CRA) are now 33p - a rise of 29%.

Although still a long way off their mid-2001 float price of 105p that is some recovery. What is going on?

Corac is an intellectual property and licensing company specialising in compressor technology. It has targeted three main markets industrial air compressors, high pressure gas seals, and downhole gas reservoir production.

The current excitement is undoubtedly due to prospects for seeing its technology taken up by the gas industry. In simple terms, small compressor units would be lowered into a pipeline close to the reservoir and used to increase the pressure so more gas can be pumped out. That means producers get their hands on the gas and the cash that much quicker.

This is no pie in the sky stuff. Five big majors, Shell, ConocoPhillips, Repsol, Husky Energy and ENI, have launched a joint industry programme to explore the potential for adopting the Corac technology. That means they are paying development bills easing the cash flow pressure on the company.

Executive chairman Professor Gerry Musgrave apparently gave a progress report on the project during an oil and gas seminar for analysts hosted by KBC Peel Hunt and public relations group Buchanan Coracs advisors last week.

Musgrave appears to have managed to enthuse his audience sufficiently to revive an interest in the stock.

Certainly, figures recently published by broker Numis seem to support that enthusiasm.

The broker believes the market to sell compressor units to the gas producers could transform Corac into a multi million pound sales company. Numis says studies have shown the technology is capable of boosting production through a well by 40%.

There are 480,000 gas wells worldwide of which 20% would be suitable for the technology. With another 24,000 wells coming on stream every year the market is obviously vast. With an average unit price of 750,000 sales of just 500 compressors would yield 375 million and gross profits of 260 million.

Even if sales were confined to the five members of the joint programme it would generate turnover of 65 million by 2009 and gross profits of 45 million. Of course this is all blue sky research and a lot could go wrong.

But in the meantime Corac is pressing ahead with plans to sell its technology to other industries, having just signed a maiden licensing deal with the worlds largest manufacturer of industrial seals.

Corac made a loss of just under 1 million during the first half to the end of June and despite income from the licensing deal, will make a full year loss of around 2 million. There is 4.8 million cash in the balance sheet so there is no urgent need for more funds, although there will have to be a top up to manufacture and fully test the gas compressor prototypes.

However, a decision on that will only come once the oil majors have completed their work. If they decide to back the technology there will be little difficulty in going to shareholders who include tycoon John Gunn for more money. Sales could start in early 2006.

Citywire Verdict

The excitement around Corac seems justified. You cannot ignore the interest being shown in the technology by five large energy companies. Of course they may discover flaws but investors in a stock of this kind have to be prepared to take that risk. A punt worth taking.

cheers GF.

Very funny to see the card someone was holding up at Aintree.

HOOT SAYS BUY CORAC

Remember him from ADVFN, probably still there

See the video of HOOT being a tart here!!!!

Video removed due the uglgy nature of hoots face!!

Corac looks very strong and I expect more upward movement.

cheers GF.

Do you know what Goldfinger, you remind of Sue Helen.

Does anyone know why CRA has been suspended on the market ?


Cheers

it hasn't been, what are you on about?

Pom u been told to remove link :-)

Cheers.....

REGARDS THE HOOT...........

Excellent news for CRA, I spke to them last week and told them the shareholders should be given some updates on progress on the JIV and theyve obliged!!


Corac Group Plc
15 June 2005


15 June 2005

Corac Group plc

Downhole Gas Compression: Phase 2 of Joint Industry Programme signed

Corac Group plc ('Corac'), the intellectual property and licensing company
specialising in compressor technology, is pleased to announce the signing of
Phase 2 of the Joint Industry Programme ('JIP') for the development of its
unique, patented downhole gas compression technology. Phase 2 involves detailed
engineering design and component testing, which is expected to lead to the
manufacture and testing of a prototype downhole in a producing gas well within
two years.

This announcement follows the successful completion of Phase 1 of the JIP during
which considerable engineering and experimental verification work was carried
out. This has significantly progressed Corac's understanding of the operating
environment likely to be encountered downhole and clearly identified solutions
for the compressor system's operability under a wide range of well conditions.

In particular, progress has been made on a number of important fronts including
confirmation of the functionality of Corac's air bearings on natural gas and the
operability of the downhole gas compressor system under typical flow conditions.
Significant breakthroughs have also been achieved in the area of power
transmission and downhole electronics, thereby maximising the compressor
performance downhole.

Completion of Phase 1 of the JIP has confirmed the operability and functionality
of key enabling technologies under anticipated downhole conditions to the
satisfaction of the five major operators who participated in this phase of the
JIP, all of which own and operate gas assets worldwide which could benefit from
this potentially game changing technology.

Commenting on this significant stage in the JIP, Professor Gerry Musgrave,
Chairman, said:

'The signing up to Phase 2 of the JIP is a major step forward in the ongoing
development of this innovative technology. The continued, invaluable support to
Corac from the oil and gas industry who have now committed over 2.5m of funding
since project commencement, is fundamental to the success of Downhole Gas
Compression and is a clear indication of the level of confidence they have in
this strategically important and potentially game changing technology.

We are excited by the prospects from the next phase of the JIP.'


For further information, please contact:

Corac Group 01895 813463
Professor Gerry Musgrave, Executive Chairman
Roberta Miles, Finance Director

Buchanan Communications 020 7466 5000
Richard Darby, Suzanne Brocks, Ben Willey


Notes to Editors

Corac is an intellectual property, engineering and licensing group, focussing on
high speed electrical direct drive turbo machinery based on its unique expertise
in gas bearings for which it holds several patents. Corac has created a range of
'no oil' turbo compressors together with a unique gas seal, and is part of a
joint industry programme for the downhole gas extraction industry.

Further information on Corac is available on the internet at
www.corac.co.uk



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

Just bought this morning but doesnt seem much interest on here for this which is a pity as this seems to me to be a very cheap stock.

Just found this on the other side.

Has anybody seen this article out on CRA today.Registration is free once you enter your details.

http://www.proactiveinvestors.com/registered/articles/article.asp?CRA

Corac Group: Downhole Gas Compression technology could be a big winner.
By William Foss

The British Government recently announced that nuclear power is back on the agenda.

So why the about turn on what was only a few years ago considered a source of power that was destined for the history books? Oil. Or should I say concerns about our dependence on oil. Europe is moving away from coal and oil as sources of energy and instead focusing on cleaner alternatives including natural gas, coal bed methane, nuclear and renewable energy. There is a slight hitch however. Nuclear power stations arent something you build overnight, so they cannot simply replace other

Six months and nothing posted on this thread. Price hasnt moved up much, but if you look at the 50 and 200 day moving averages, over the last 5 years, you will see a definate repetative trend, with SP growth of about 4p per year. 2006 results are due out at end of March, and with their recent contract wins, this year may be the start of a breakout. Worth a look. The chart also shows peaks in April 2005 and May 2006 significantly higher the the average. Sorry but I havnt posted a chart before and am having difficulty doing so at the moment, but if you enter the same info into charts page, you will see what I mean.

Corac presented at the Society for Underwater Technology (SUT) a few months ago, the slideshow of that presentation is now available.
-The presentation concerns Corac's downhole gas compression(DGC) project

http://events.sut.org.uk/past_events/061123_london/Liley/presentation.htm


Here are a few of the extracts that I particulary liked:

-The concept is based on Corac's existing technology

(ie Corac are selling and getting repeat orders for their Industrial Air compressors, DGC is based on the same technology. imo, this greatly reduces the technology risk in the project.)

The technological breakthroughs include:

-gas filled brushless permanent magnet motors
-downhole power electronics
-drive and compressor in one piece shaft
-low speed blading

The Compressor module has:

-No gears, liquid lube systems, seals nor couplings
-No wearing surfaces in operation
-Reliability built in from the outset

(There are some good drawings and pictures in the presenation, including one of the flow-loop testing rig in Cumbria)

The test loop:

-Replicates the down-hole environment
-Various gases
-Represenative pressure and temperatures

DGC benefits:

-Acceleration of early production
-Increase in Ultimate Recovery
-Extension of production plateau
-Enables production of otherwise uneconomic fields
-Rejuvenation of declining fields
-Extension of useflu life/dererred abandonement.

(that is a v.nice list of benefits and will be worth billions ot the oil/gas companies and worth a lot to CRA shareholders as well!!!)

-very interesting presentation article, written by the group, ITF, that puts together companies and technologies in the oil/gas industry.
-this is the group that helped Corac's JIP DGC (down-hole gas compression)come into being.

http://www.energyinst.org.uk/events/files/oildep/anderson.pdf

-there is some interesting background info for those interested in the gas/oil industry

eg, page three, current methods typically yield recovery factors of 35%-40% for oil and 50%-60% for gas.

-what a prize on offer there is for anyone who could increase these rates of recovery (come in Corac!!!!!!!)

-page 5 maps out how large the prize is just for a UK setting for ITF memebers if recovery rates could be raised just by a few % points
-it equates to 1,400m barrels of oil (i make that $70bn at $50/barrel!!)
-and 5+ TCF of gas.

(that is just the UK setting, think global, then think what Corac could do for the gas industry with up to 40% extra recovery!!!!)


-page 13 outlines there are two types of gas not being commercially recovered
-residual gas left after conventional depletion
-gas trapped in low permeability formations (tight gas)

Advanced techniques are needed to release these resources-globally 100's of TCFs

-page 14 talks about advanced gas recovery techniques
-first one mentioned is

-Downhole gas compression.

That is 100% Corac, as no other company are doing or can yet do downhole gas compression, in addition, DGC is being funded by the JIP project set up by the ITF, who wrote this article.

Its very nice to see in effect a third party endorsement of the importance this kind of technology could have on gas extraction rates and the huge monetary benefits that that would bring.