The Week Everything Changed
From: Riggs Eckelberry
Los Angeles, October 30, 2014
This fuzzy picture was taken on our biggest milestone to date!
The photo was taken in Muscat, the capital of Oman, on 20 October.
It shows Yasser Al Barami, Chief Commercial Officer of Gulf Energy as he signs a $1.4 million purchase order for a commercial-scale CLEAN-FRAC™ system.
Sitting next to him is Bill Charneski, President of OriginOil Oil & Gas, who personally negotiated the transaction.
Why is this huge?
Well, it was only five months ago that we showcased our first demonstration CLEAN-FRAC system in Delta, Colorado.
And here we are, with our first seven-figure sale. That is record time for a new player in this industry!
How did this happen?
The Gulf Energy team is dynamic and fast-moving. There’s good reason why they have become a nearly half-billion dollar company in less than ten years.
And yes, new environmental regulations in place in Oman and throughout the Arabian peninsula are driving high demand for new, efficient solutions.
Finally, Bill Charneski did a great job developing trust and partnership with Gulf Energy since his first trip to the Arabian Peninsula in January.
But this also illustrates our business strategy.
Back in the dot-com days, we learned to focus on the enthusiasts, and ignore the conservatives and the skeptics.
These people will only buy after everyone else has!
That’s why we categorically refuse to go after opportunities that require us to be a long-established company with decades of credentials!
(You would be amazed how often we are handed these “opportunities”…)
So, we go with the early adopters.
A HUGE thank you to Hilal Al Busaidy, Yasser Al Barami, Abdullah Al Ismaili and Mohammed Al Farsi of the Gulf Energy team, you are true early adopters!
In Yasser’s own words, “you cannot ride the big wave unless you are already in the sea — we do not like watching from the beach”. That’s a perfect partner!
Are you an early adopter?
We’re on our way with early adopters in the Middle East, East Asia and North America — are you one of them?
If so, please click here and we will get you started right away.
Enjoy the rest of your week!
Riggs and Team
President & CEO
OriginOil, Inc. (OOIL)
Safe Harbor Statement:
Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.