Open Letter from our CEO,
Many people have asked me why I came out of retirement to be the CEO of Trimeteor. Well, it’s a question I have asked myself many times over the last six plus years and the answer is always the same–when the opportunity presents itself to make a positive difference with an innovative idea, my entrepreneurial spirit just can’t ignore the possibilities. Trimeteor’s QUAD-S ™ (Superheated Steam Supply System) is just one of the many companies my partner, Robert “Bob” Long, and I have fostered and financed over the years. But this time, the potential is so groundbreaking that we chose to sit on the other side of the table and take the lead as Management and Directors.
In our 30 plus years of corporate finance, we have facilitated the funding of over 300 public and private companies. In retrospect, I realize that we have always had a heart for innovation and disproving that old adage, “It’s never been done before.” To say that we have not met with some resistance from those invested in conventional Enhanced Oil Recovery would be a misstatement… and that’s okay. If memory serves me right, the industry experienced the same reluctance when steam was first introduced into the oil fields in 1959, and the first horizontal well drilled in Texas in 1929 and in Pennsylvania in 1944, with little practical application until the 1980s. We aren’t asking for the whole pie, just a piece of it, the cast offs… heavy oil and marginal fields.
In today’s socio-political-economic market, it’s a little more difficult to attract the attention of investors who will stand behind you in a start-up Company. We are fortunate to have such tremendous support from our shareholder groups in Arkansas, Illinois, Wyoming and Nevada. These are people with vision — as is our team of officers, professional consultants, and supply chain partners, some of whom have been with us from the beginning. We thank you for your dedication and encouragement.
I believe, as does our Board, that the QUAD-S ™ is a technology that will fulfill the challenges as presented by Schlumberger:
“There are several methods of heavy oil extraction currently, but, as the heavy oil industry is still in its beginning stages, there is not a de facto “standard” of heavy oil extraction for the industry — one that is low cost and efficient, that can be applied across most heavy oil deposits. The question that is most relevant for investors is: when will there be a dominant, patented technology for the development of heavy oil reserves? And secondly, if so, which firm will capture and patent this technology?”
Trimeteor’s patented technology is poised to meet that challenge and show the world that it can be done and it can be done better in an environmentally responsible manner. The QUAD-S ™ is the technology with the solution to capture that standard and become a dominant player in Enhanced Oil Recovery and Heavy Oil production. Keep checking back with us from time to time and watch our progress.
Richard B. Graibus
Chief Executive Officer and Chairman of the Board