There is a bit of confusion about our December 8th luncheon. We are going to focus on the Texas Oilfield Services market.
The name of the company hosting the luncheon is SMG Indium Resources but it is in the process of changing its name. It has nothing to do with Indium.
SMG Indium Resources (OTCQB:SMGI), soon to be renamed SMG Oilfield Services, is a publicly traded oilfield service company headquartered in Houston that operates throughout Texas. On September 19, 2017, SMGI acquired 100% of MG Cleaners LLC. a 15 year old company focused on selling proprietary branded products including detergents, surfactants and degreasers such as Miracle Blue™, to oilfield drilling rig contractors and E&P companies.
In addition, the Company sells equipment and parts and has service crews that perform on-site repairs, maintenance and drilling rig wash services for leading customers such as Nabors Industries, Patterson-UTI, Helmrich & Payne, and Cactus Drillings.
SMGI’s recent earnings release announced a 50% increase in revenues for the Q3 2017 vs Q3 2016 and EBITDAX grew to $245k for the quarter.
CEO Matt Flemming has presented at EPG luncheons several times on behalf of his previous company HII Technologies which grew from no revenues in August 2012 to $4.2 million in monthly revenues by December 2014.
Read more at www.smg-indium.com and www.mgcleanersllc.com.
Friday's Luncheon
Friday's Luncheon
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Friday's Luncheon
Just in case you are interested ....
Not to be confused with Iridium.
Indium is a chemical element with symbol In and atomic number 49.
It is a post-transition metal that makes up 0.21 parts per million of the Earth's crust. Very soft and malleable, indium has a melting point higher than sodium and gallium, but lower than lithium and tin. Chemically, indium is similar to gallium and thallium, and it is largely intermediate between the two in terms of its properties.[6] Indium was discovered in 1863 by Ferdinand Reich and Hieronymous Theodor Richter by spectroscopic methods. They named it for the indigo blue line in its spectrum. Indium was isolated the next year.
Indium is a minor component in zinc sulfide ores and is produced as a byproduct of zinc refinement. It is most notably used in the semiconductor industry, in low-melting-point metal alloys such as solders, in soft-metal high-vacuum seals, and in the production of transparent conductive coatings of indium tin oxide (ITO) on glass. Indium has no biological role, though its compounds are somewhat toxic when injected into the bloodstream. Most occupational exposure is through ingestion, from which indium compounds are not absorbed well, and inhalation, from which they are moderately absorbed.
Not to be confused with Iridium.
Indium is a chemical element with symbol In and atomic number 49.
It is a post-transition metal that makes up 0.21 parts per million of the Earth's crust. Very soft and malleable, indium has a melting point higher than sodium and gallium, but lower than lithium and tin. Chemically, indium is similar to gallium and thallium, and it is largely intermediate between the two in terms of its properties.[6] Indium was discovered in 1863 by Ferdinand Reich and Hieronymous Theodor Richter by spectroscopic methods. They named it for the indigo blue line in its spectrum. Indium was isolated the next year.
Indium is a minor component in zinc sulfide ores and is produced as a byproduct of zinc refinement. It is most notably used in the semiconductor industry, in low-melting-point metal alloys such as solders, in soft-metal high-vacuum seals, and in the production of transparent conductive coatings of indium tin oxide (ITO) on glass. Indium has no biological role, though its compounds are somewhat toxic when injected into the bloodstream. Most occupational exposure is through ingestion, from which indium compounds are not absorbed well, and inhalation, from which they are moderately absorbed.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group