In a talk with this reporter, Elton says that his company is in discussions with all the major oil companies and that this technology could become mainstream in five years, although others peg that at 20 years.

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But 20% to 23% growth looks achievable, making its PEG look sane.

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First-half earnings grew 76% from 2002, and the company trades at less than 20 times earnings with price-to-earnings growth (PEG) rate of 0.84.

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