APA. SSHO, - DrStockPick.com Stock Report! - Apache Corporation, South Shore Resources
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Tags: APA, Apache Corporation, NYSE: APA, OTC: SSHO, Pinksheets: SSHO, South Shore Resources, SSHO, SSHO.PK
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SSHO, South Shore Resources Inc., SSHO.PK
Global demand for oil exceeds 80 million barrels per day.
Companies like SSHO could make a difference. SSHO is in the right place at the right time.
In April 2010, the Transportation Department and Environmental Protection Agency reached a peaceful end to a bitter legal battle with the automobile industry on how to deal with the dangerous gas emitted from automobiles, wherein a series of new fuel efficiency standards were adopted to regulate tailpipe emissions.
The US Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) are taking the next steps to reduce greenhouse gas (GHG) emissions and improve fuel efficiency from on-road vehicles and engines. These next steps include developing first-ever GHG regulations for heavy-duty engines and vehicles, as well as further light-duty vehicle GHG regulations. These steps were outlined by President Obama in a memorandum on May 21, 2010.
Recently, Canada introduced the country’s first mandatory emission rules for cars and trucks, harmonizing the standards with the United States.
Canada’s new measures will force each automaker to achieve a combined average fuel economy for all the models it sells of 35.5 miles per gallon by 2016. That is equivalent in Canada to about 6.6 litres of gasoline usage for every 100 kilometres driven.
SSHO is a company engaged in the development of products which are committed to the reduction of harmful greenhouse gases and fuel savings with the use of Hydrogen Generating Modules and related accessories to the transportation and automotive industries which are either in development and/or the commercialization stages.
SSHO reported that it has conducted independent third party evaluation, testing and verification of the HyProStar Series of Hydrogen Generating Modules.
The objective of the evaluation and test was to evaluate, test and verify the impact that SSHO’s HyProStar Series of Hydrogen Generating Modules has on fuel economy and fuel efficiency.
DaSilva Racing of Pickering, Ontario was utilized for third party evaluation, testing and verification purposes.
A 2002 Volkswagen Cabrio was run for 15 minutes each at 80 KPH / 50 MPH on a stationary Dyno Jet for both Without the Unit and With the HyProStar Unit installed. The MPG Testing was conducted and recorded using a ScanGuageII by Linear Logic LLC for both Without the Unit and With the SSHO’s HyProStar Unit installed.
Test Results Are Summarized Below:
2002 Volkswagen Cabrio: Mileage Test
Without Unit: 47 MPG
With Unit: 55 MPG
There was a 17.02% increase in MPG.
There was a 14.55% fuel savings.
The results of the evaluation and testing indicated and verified by Mr. Joe DaSilva (of DaSilva Racing) are that SSHO’s HyProStar Series of Hydrogen Generating Modules have increased in fuel economy and fuel efficiency.
SSHO believes that its HyProStar Series of Hydrogen Generating Modules are an obvious aftermarket alternative to Rising Fuel Prices and Harmful Greenhouse Gases.
SSHO is now poised to commercialize its HyProStar Hydrogen Generator Hybrid Conversion Kit and bring it to the global market. With over 750 million automobiles currently using combustible engines world wide and the increased pressure to reduce greenhouse gases, SSHO is confident that now is the time to aggressively enter this market.
More about SSHO at www.southshoreresourcesinc.com
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APA, Apache Corporation
APA is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom North Sea, Australia and Argentina.
** APA reported the pricing of offerings of common stock and depositary shares raising approximately $3.1 billion with underwriters’ options that may bring in up to an additional $469 million.
APA has priced its offering of 23 million shares of common stock at a public offering price of $88.00 per share, or approximately $2.0 billion. The size of the common stock offering was increased from the previously announced 21 million shares.
APA also sold 22 million depositary shares for $1.1 billion. Each depositary share represents a 1/20th interest in a share of Apache’s 6.00% Mandatory Convertible Preferred Stock, Series D, with an initial liquidation preference of $1,000 per share (equivalent to $50 liquidation preference per depositary share).
APA has granted the underwriters a 30-day option to purchase up to 3.45 million additional shares of its common stock and up to 3.3 million additional depositary shares.
More about APA at www.apachecorp.com
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Jul 23 2010


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