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Company Profile: Geotec Thermal Generators (BB:GETC)

Company has the potential to turn a few million dollars into "Billions". Geotec Thermal Generators

Geotec has a two year backlog of wells to treat and increase oil flow.

Over the last couple of months, the price has remained stable and started to trend up mid JAN. There have been no news releases since OCT. From information gathered, they have been shorted big time. Watch for a rapid rise once news is released that the training is completed and they are ready to start production.

Geotec technology finds mega-dollars in "Dead Oil Wells". Geotec brings dead oil wells back to life.

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Facts:

OTC BB: GETC.OB

52 Week Range: .51 to 7 ¾

Float: 900,000 Shares

Industry: Refracturing proven oil wells with better technology will now enhance the return on investment by oil producers. Address and Contact Information: 1615 South Federal Highway,

Ste 101 Boca Raton, FL 33432

Telephone: (561) 447-7370

FAX: (561) 447-7371

Electronic Mail: info@geo-tec.net Investor Relations:

Ananda Capital Partners

Miron Leshem - 561-477-7751

We were tipped to GETC. Over the past week we have been doing research and DD to see what we could find. At first look, the technology appeared to be unique and have promise.

After reviewing the figures, we had several questions, the main one being when will GETC show profit on the bottom line. The other asking why the down trend in the price. A complete list of questions was put together and emailed to Richard Lueck, CEO. Within a very short time, Mr. Lueck answered each question, including why they were not showing a profit. Here are some of the questions and his answers:

Interview with Richard Lueck, CEO of Geotec Thermal Generators!!

Q- Why the operating loss last year and what expectations do you have for this year?

A-1. In 1996 we started working on this project. It took until this time last year before we got through the bureaucratic processes in Russia and to a lesser degree, the US. Then we had to set up for the transfer of technology, which only occurred in late spring/early summer of 2000. The final training has to be completed and we would expect this in February or early March depending on the scheduling. This science took several hundred scientists 14 years and experimentation on 6500 wells to perfect the product and application of the science, so the Russians are very exacting as to the process. Our expectations are quite positive. If we treat just 10 wells a month, and duplicate the Russian values over the year with our contracts, this should produce over $50,000 per well, per annum, for Geotec. We certainly hope and expect to treat more than 10 wells a month. We formally presented the technology for the first time at the Petroleum Technology Transfer Council Meeting in Lafayette, LA, sponsored by the Department of Energy so we expect acceptance growing in 2001.

Q- Why the drop in price over the past several months?

A-Management at Geotec has experience managing technologies and technology based companies. Quite honestly, we made a major mistake in signing an "equity line" financing agreement, and the press releases describe this on our web site, www.geo-tec.net We were not aware that this was an invitation to shorting, for certain people to make a quick dollar. If you look at the trading on the OTC BB, by market maker from May through August, you can see hundreds of thousands of shares being shorted. Subsequent to these shorted sales of our securities, there was no volume for the "shorts" to cover and take their profit. We have 2.1 Million shares in the float, with over 1 Million of those shares in certificate form. Of the 1.1 Million shares in the active float, this is represented by 750 shareholders that hold the vast majority. Bluntly put, the shorts cannot find the shares to cover to make their profit. When we cancelled the equity line, as noted in the press releases listed on our site, this shortage of stock became more acute. Interest in Geotec and new shareholders will put more pressure on the situation, in our opinion.

Q- What goals or expectations do you have for this year and when will you have all the training and equipment necessary to start treating wells?

A- We anticipate strategic alliances, and partnerships in several mediums, including for South and Central America, for which we are exclusive for the technology, beyond the obvious market in the U.S., Canada and Mexico.

Q- Is there anything you would like to tell potential investors about GETC?

A- There is a time, when companies are in a position to become recognized and expand. Geotec is in this position now. If you made an investment three years ago, as some of our shareholders did, it was probably premature, however we expect all shareholders to be justly rewarded, given the low cost, and high profitability of this technology.

THE BOTTOM LINE: I contacted 2 oil and gas drilling companies to ask them about the PGDBK process of treating wells to increase production. Both were interested and said if there is a way to get additional production from a well, they would they wanted to know more about it. If GETC can treat between 600-1000 wells this year with $20k - $30k per well gross sales (minimum), you do the math! Profit will not be the problem!! With a crew of 2, they estimate they could treat 500 wells per year. This is going to be big. This may be the last chance to get in on the bottom floor. Once profits start in and the known short position has to be covered, GETC will be making the shareholders very happy. Also, it shouldn't take much activity in this company to make this investment very worthwhile.

Company Information from their site: Visit GETC for additional information!

GEOTEC THERMAL GENERATORS, INC. brings to North, South and Central America the PGDBK technology which was developed by the former Soviet Union Military Research and Production Facility, NPO ALTAI, for the Ministry of Geology, USSR. This technology is designed to produce a thermo-chemical treatment of oil and gas wells, restoring and increasing productivity. NPO ALTAI has been developing and manufacturing these generators since the 1970's, refining the technology and making them suitable for diverse geological conditions. The Gas Generators are successfully being used in Russia, Ukraine, Uzbekistan, Kazakhstan, Turkmenistan, Vietnam, India and have been tested in the La-Chen oil basin, in China, since 1992. Based on this extensive testing, NPO ALTAI has an agreement for use of the Gas Generators throughout China.

The technology is superior to conventional stimulation methods especially when treating fluid sensitive, thin layered, stratified reservoirs with high wellbore damage. The best treatment effects are observed in wells with high reservoir pressure, high hydrocarbon saturation with deteriorated performance due to paraffin, poor drilling, completion and production practices. The primary treatment of wells is very effective as such treatments ensure higher productivity and longer production time by substantially increasing the permeability over other methods.

The PGDBK can be used to treat reservoirs of diverse geological conditions. It is designed to treat carbonates, limestone, sandstone and dolomite. Generally treatments have been performed in fractured limestone, consolidated sandstone and dolomites. Reservoirs with combinations of these sedimentary rocks have also been successfully treated with this technology.

The technology is based on a firm scientific foundation of a facility with expertise in pyrotechnics. This technology has been successfully applied to over 30,000 wells.

The PDGBK has successfully been applied to the exploitation of coal bed methane and its application in such resources in the western United States would be economically viable. The technology can also be applied in injection, disposal, and water wells.

The PGDBK tools are easy to mobilize and run. More than 25 years of its use verifies that the procedure is safe, environmentally benign, and above all inexpensive.

In April - June 2000, PGDBK technology for the first time was used to treat wells in the United States. The results of these wells belonging to three diverse basins confirmed the effectiveness of the PGDBK technology.

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This company has not received any compensation for this profile. It is not a recommendation to buy, but is presented as information only. Be sure to do your own research before you buy and security. See our full disclaimer for additional information.

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