$SKPO Launches New Website/Updates OTCMarkets/Filings Soon$SKPO Compiled DD Thus Far
**$SKPO DD Packet**
Skye Petroleum chemists have been developing their line of paraffin dispersal and inhibitors since 1998.
Skye Petroleum offers chemical treatment services to companies that battle with flow assurance issues relating to paraffin, asphaltene and sludge. This is the only pro-active paraffin and sludge treatment process, as opposed to an industry wide reactive approach.
Skye Petroleum's Product lines have multiple applications:
Production Chemicals, Coiled Tubing Products, Fracturing Products, Cleaning Compounds, Drilling Products
Great SS/Low Float
Management owns 104M of the 250M O/S
investorshub.advfn.com
www.otcmarkets.com
Skye Owns Major U.S Patents
Only company in the entire industry with a Patent for removal of volatile anionic phosphates from contaminated hydrocarbon oil.
investorshub.advfn.com
patents.justia.com
www.patentbuddy.com
$SKPO 's other confirmed patent:
PATENT NO 8636905
investorshub.advfn.com
www.patentbuddy.com
Merger/Patent Buyout Candidate, Skye has a working relationship with Lockwood Int. Lockwood has been acquired By YORK Capital Management. A $20B company.
investorshub.advfn.com
York changed its name to Lockwood Partners in 2018. Lockwood Partners main operations is Oil Production and Maintenance and they need $SKPO's Patent.
lockwoodpartners.com
investorshub.advfn.com
Skye's location is in Texas but DD finds management and consultants now located in New York, the same area as York and strategically located around the country:
investorshub.advfn.com
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Video showing some of Skye's treatment work. A large Houston based energy company used Skye's patented Chem Sludge Buster on their 4 inch Gathering Line (2.6 miles of pipe) After only 3 weeks of treatment the line was 98% clean.
vimeo.com
$SKPO began their relationship with Lockwood in 2014 through Sarge Solutions:
"The Company has also entered into a working relationship with Sarge's Solutions, a company that was set up specifically to distribute Skye Petroleum's products to their existing network."
Below is a statement from the President of Sarge's Solutions, Sarge Summers:
"Sarge's Solutions, Lockwood Family of Companies is honored to partner with Skye Petroleum and we anticipate great accomplishments in this new partnership. With our vast global distribution already in place and the incredible products that we offer to the pipeline, storage tank, exploration and production, barge and rail industries we bring exciting innovation to our customers and solutions to their daily problems." – Sarge Summers, President - Sarge's Solutions.
www.prnewswire.com
4 years later, On August 31st, York Capital Management Acquires Lockwood International in a bankruptcy deal.
"On August 31, affiliates of York Capital Management purchased substantially all of the assets located in the United States and Singapore of Lockwood Holdings, Inc. and certain of its affiliates (collectively, the “Seller”) in a 363 asset acquisition supervised by the United States Bankruptcy Court for the Southern District of Texas, Houston Division. In connection with the acquisition, York injected fresh equity into Lockwood Partners, LLC, a newly formed portfolio company of York that will continue the operation of Seller’s leading industrial valve distribution business. Willkie represented York throughout the bidding process, including the negotiation of certain bankruptcy-related matters and the asset acquisition."
www.willkie.com
Basically, after winning the bid on August 15, 2018, York and its affiliates, including Lockwood Partners which was set up for the sole purpose of acquiring Lockwood Int., then pumped fresh money into Lockwood Partners. Keep in mind the debt has been eliminated through the bankruptcy so this new company has virtually no financial liabilities.
lockwoodpartners.com
When you're selling valves & flanges for petroleum delivery it's nice to be able to boost the sale with assurances that you can also maintain these products, make them last longer & perform better, with a patented process.
All this, as well as the recent surge in $SKPO's PPS, tends to point to a possible buyout of $SKPO by Lockwood Partners with YORK providing the capital. Can't help but think smart money heard something before the masses. The only question I have is what is the book value of $SKPO?
$SKPO The biggest shareholder hasn't sold a single share so far:
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Why?
Also not to mention the OTCMarkets Updated and Website Relaunched in the last two weeks alone: skyepetroleum.com
James Wilson also has multiple endorsements from Jeff DeRosia, the Operations Mgr at G.I.S.
These guys are contracted by Big Oil to design, construct, maintain and decommission various projects and could be the avenue for $SKPO to increase revenue substantially...to say the least.
www.gisy.com
Even more encouraging is this recent partnership with Modex:
www.linkedin.com
modexenergy.com
