SUF - Sector: Basic Materials --- Industry: Independent Oil & Gas

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Press Release Source: SulphCo, Inc.


SulphCo Commissions 30,000 bpd of Crude Capacity in Fujairah, UAE
Wednesday August 8, 6:32 pm ET


HOUSTON, Aug. 8 /PRNewswire-FirstCall/ -- SulphCo®, Inc. (AMEX: SUF - News; the "Company") announced today the commissioning of the first phase of its 180,000 barrel per day crude oil processing plant in Fujairah, United Arab Emirates. The Company reported the completion of infrastructure and ancillary facilities, including electric, cooling, water tanks, sludge tanks, pumps, control systems, a water separator and external feed lines, sufficient to allow continuous operation of one of the six commercial scale 30,000 bpd Sonocracking units earlier installed at the facility.


Initial testing began on August 5th with a run of 285 barrels of heavy oil (less than 13 degree API gravity, sulphur content 2.63% by weight) through a 5,000 bpd skid (six of which in parallel comprise a 30,000 barrel per day commercial unit). The oil was supplied by tank truck through external piping into the plant, with flow rates averaging 2,500 bpd and peak rates as high as 3,500 bpd, said Brian Savino, President of SulphCo®. "The limiting factor was the discharge rate of the tank truck, not the throughput capacity of the Sonocracker."

Dr. Larry Ryan, CEO of SulphCo®, described the event as a milestone in the history of the Company, stating "We now have the ability to operate a commercial scale prototype unit for extended runs on tank truck quantities of the types of heavy oil for which this unit was designed. What's more, this installation was completed on schedule under our revised timetable." He added that "The ultrasonic probes performed flawlessly during this test, showing no evidence of inconsistency or mechanical breakdown."

Sensitive to the fact that potential customers and investors alike are anxiously awaiting test results validating the technology on a commercial scale, Dr Ryan counseled patience, stating that "This is just the first run on a heavy oil we have never before tested. More than 50 samples were collected under various combinations of power settings, water content, and flow rates, with the goal of optimizing system performance. The samples were then sent to a respected outside laboratory for testing. Once preliminary data is analyzed, additional testing will take place later this month involving larger runs of a varied slate of heavy oils, and utilizing a new probe developed by an outside supplier. Results from these trials will be released only after a sufficient data base has been compiled and appropriate analyses have been performed."

With respect to the European testing program, Dr. Ryan commented that "further testing in concert with our European partner has been delayed by permitting and coordination issues over which the Company had no control. Those issues have now been resolved and both SulphCo® and our European partner are fully committed to a resumption of testing as soon as practicable."

About SulphCo®, Inc.

SulphCo® has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The Company's technology is designed to upgrade sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.

From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.

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Source: SulphCo, Inc.

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Symmetrical Triangle (continuation) Pattern.......BreakOut
Back above the 50-day MA

52wk Range: 2.25 - 6.24
Volume: 424,900
Avg Vol (3m): 293,364

Technicals
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Last Price Quote is:
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Some nice follow through off the  Breakout
of the Symmetrical Triangle (continuation)Pattern.
Back above the 200-day MA.

52wk Range: 2.25 - 6.15
Volume: 1,100,200
Avg Vol (3m): 291,973

Technicals
Percentage Gainer

Last Price Quote is:
32.41%above 13-day MA
RS Rating: N/A 

Fundamentals
Earnings Expected on Aug 13

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Yesterday's closing chart.......

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Let's watch and see where this one goes,
Break of the downtrend line

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SUF  SulphCo Announces Successful Commercial Technology Evaluations...

HOUSTON, Oct 14, 2010 (GlobeNewswire via COMTEX) -- SulphCo, Inc. (the "Company" or "SulphCo") (nyse-amex:SUF) a technology company with a patented ultrasound process designed to desulfurize liquid petroleum streams, today provided an update on the progress of the commercial technology evaluations with a wholly-owned subsidiary of a domestic mid-stream energy company.

As reported in June, the two companies entered into an agreement (the "Validation Agreement") under which SulphCo installed a mobile Sonocracking(TM) unit at a natural gas liquids ("NGL") fractionation facility located in Mont Belvieu, Texas for the purpose of evaluating the commercial scale performance of SulphCo's Sonocracking(TM) technology on certain natural gasoline streams produced at the facility. The installation and operational commissioning of the Sonocracking(TM) unit began during the week of June 28, 2010 and was completed during the week ending August 27, 2010 with the two companies working together to jointly prepare the site at the Mont Belvieu facility. During this period, SulphCo's installation team, in conjunction with site engineers based at the Mont Belvieu facility, successfully installed the mobile Sonocracking(TM) unit and conducted commissioning tests to assure safe operations and equipment reliability.

Commercial scale validation tests began during the week of August 30, 2010. The initial work involved a number of trials designed to define the operating parameters within which different operating variables such as additive levels and throughput rates could be optimized. Over the course of the commercial scale validation phase, a variety of natural gasoline streams with starting sulfur levels ranging from less than 150 parts-per-million ("PPM") to more than 400 PPM were treated successfully with resulting sulfur levels routinely coming in at the sulfur reduction target of less than 45 PPM and with volumetric throughput rates on a single processing line ranging from 1,000 barrels-per-day ("BPD") to 3,000 BPD. Five weeks of commercial scale validation trials culminated during the week ended October 1, 2010 with SulphCo conducting a continuous run of 42 hours on a single processing line with volumetric flow rates ranging from 1,500 BPD to 2,000 BPD and resulting sulfur levels consistently less than 45 PPM.

The two companies have jointly agreed that the results achieved during the commercial scale validation phase met or exceeded the performance parameters that were established in the Validation Agreement and have mutually agreed to move forward with negotiations on a definitive commercial agreement. Although SulphCo and the facility operator have agreed to work toward a commercial agreement, there can be no guarantee that terms for a commercial agreement will be reached or that a commercial contract will be executed.

"We are pleased with the outcome of this commercial evaluation and its validation of SulphCo's proprietary Sonocracking(TM) technology," said Dr. Larry D. Ryan, SulphCo's Chief Executive Officer. "We are especially pleased that it met established performance parameters. Reaching this important milestone will now allow us to focus on finalizing commercial negotiations, as well as begin to explore additional opportunities with the facility operator and others interested in applying our technology to NGLs and other liquid petroleum streams at Mont Belvieu and elsewhere."

About SulphCo, Inc.

Houston-based SulphCo has developed a patented safe and economic process employing ultrasound technology to alter the molecular structure of liquid petroleum streams. The overall process is designed to "upgrade" the quality of liquid petroleum streams by modifying and reducing the sulfur and nitrogen content making those compounds easier to process using conventional techniques, as well as reducing the density and viscosity. For more information, please visit http://www.sulphco.com/ .

The SulphCo, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6126

From time to time, the Company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: SulphCo, Inc.


CONTACT:  SulphCo, Inc.
U.S. Investors & Media
Jeffrey R. Freedman, Vice President of Corporate Development
+1 713-896-9100

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SUF  SulphCo Confirms That Its Policy is Not to Comment on... 

HOUSTON, Oct 22, 2010 (GlobeNewswire via COMTEX) -- SulphCo, Inc. (the "Company" or "SulphCo") (SUF), a technology company with a patented ultrasound process designed to desulfurize liquid petroleum streams, today reported that in view of the unusual market activity in the Company's stock, the NYSE-Amex LLC had contacted the Company in accordance with its usual practice; the Company confirmed that its policy is not to comment on unusual market activity or rumors.

About SulphCo, Inc.

Houston-based SulphCo has developed a patented safe and economic process employing ultrasound technology to alter the molecular structure of liquid petroleum streams. The overall process is designed to "upgrade" the quality of liquid petroleum streams by modifying and reducing the sulfur and nitrogen content making those compounds easier to process using conventional techniques, as well as reducing the density and viscosity. For more information, please visit http://www.sulphco.com/ .

The SulphCo, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6126

From time to time, the Company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: SulphCo, Inc.


CONTACT:  SulphCo, Inc.
U.S. Investors & Media
Jeffrey R. Freedman, Vice President of Corporate Development
+1 713-896-9100

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A pop for SUF...


Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
49.36%above 13-day MA
76.25%above 50-day MA

Day's Range: 0.4940 - 0.75
52wk Range: 0.18 - 1.21
Volume: 4,161,954
Avg Vol (3m): 518,021
Market Cap: 72.21M
P/E (ttm): N/A
EPS (ttm): -0.10
Div & Yield: N/A (N/A