LABELLE, Fla., March 3, 2011 (GLOBE NEWSWIRE) -- Alico, Inc. (Nasdaq:ALCO), a land management company, announced that it has completed initial field testing at its proposed Keri Road Sand Mine Site in Hendry County, Florida situated on approximately 886 acres of the Company's land (the "Project Site"). The purpose of the initial field test was to conduct a preliminary assessment to determine the Project Site's potential as a fracturing sand mine. Fracturing ("frac") sand is a form of silica sand with well constrained size, roundness, and sphericity characteristics and is used to aid in the extraction of oil and gas from reservoir rocks.
Alico Announces Fracturing Sand Test Results
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.