ESal

Powering the Energy Transition of Tomorrow with Green Technology

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Security Type
Common Stock
Categories
Technology
Min Investment
$250
Location
LARAMIE, WY
Offering Date
November 19, 2021
Expected Close Date
April 30, 2022
Target Raise
$10.00K-$1.07M
No. Investors
28
Security Price
$2
Valuation
$40,300,000
Website
esalinity.com
Number of Employees
7
Cash
$568,042
Revenue
$847,502
Short Term Debt
$404,581
Cost of Goods
$250,488
Long Term Debt
$144,903
Net Income
$-123,797

Company Description

Our vision is to provide green, sustainable and responsible oil as a transition to the energy of tomorrow through innovative technology. ESal responds with the mission of avoiding use of freshwater and harmful chemicals, reducing carbon dioxide and greenhouse gas emissions, and maximizing the use of existent resources when it comes to producing energy.

Key Deal Facts

Technology capable of recovering 1 Trillion barrels of oil worldwide. We believe the potential market size for ESal`s RightWater® technology is almost $100 billion in the US alone, and $ 1 trillion worldwide.
Revolutionary proprietary reservoir genetics laboratory testing that we believe is unmatched in the industry by cost, precision, and time efficiency.
We are working to create a future with carbon-neutral sustainable energy while keeping costs low, providing a foundation for stable economic growth and energy transition.

Management Team / Advisory Board Bios

Geoffrey Thyne
CTO
Dr. Thyne is an expert in increasing recovery by manipulation of water chemistry. Geoff began his career in 1979 as a Research Geochemist at the Arco Oil and Gas research facility in Plano, Texas. He received his Ph.D. in Geology from the University of Wyoming in 1991 and taught at California State University-Bakersfield and the Colorado School of Mines until 2005. He returned to the University of Wyoming in 2006 at the Enhanced Oil Recovery Institute. Over his time at EORI, he became immersed in the possibilities of changing water chemistry to improve oil recovery, studying the process in the laboratory and the field. In 2012, Geoffrey left EORI and formed ESal in 2013.

Teresa Nealon
President
Teresa co-founded ESal in 2013 and brings 25 years of business and project management experience in technical projects in industrial manufacturing, renewable energy research, and grant management. She has worked at Coors Ceramics Company, the National Renewable Energy Lab (NREL) and, most recently, was the Director of the Wyoming Carbon Capture and Storage Technology Institute (WCTI) at the University of Wyoming.

Salem Thyne
CEO
Salem is an internationally recognized expert in chemical and energy operations. He joined ESal in 2017 and brings 23 years of experience in corporate management, regulatory compliance, and operations. Salem started his career in the US Navy in 1996, and during his 20-year leadership career, he has conceived and executed a series of exceptionally successful projects in nuclear plant operations, managed chemical processing facilities, and served as a subject matter expert in areas of operations, regulatory compliance and technical training in multiple countries.
Amount Raised : $25,345
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