Genoil Inc GNOLF

Energy Oil & Gas Equipment & Services

Genoil Inc. is technology-based company engaged in the development of technologies relating to the oil and gas industry. The Company specializes in heavy-to-light oil technology, oil field development and exploration and production. It is a provider of hydro conversion fixed-bed technology for the upstream and downstream oil and gas industry. It is also working with Chinese policy banks and Chinese companies to provide, project financing, drilling, production, and processing services to the oil and gas industry. Its technology consists of Genoil Hydroconversion Upgrader (GHU), which converts sour (high sulfur), heavy hydrocarbon feed stocks into lighter oil with higher quality distillates for conventional refining. The Company is also engaged in other technologies, such as oil upgrading and recycling, water purification port technologies, well testing, and sand cleaning. The Company markets its technology to customers in the Middle East, Russia and China.

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Genoil Inc

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Comment by peterap2001on Feb 28, 2017 8:23am

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Post# 25903610

RE:Deal For Rosneft To Sell Assets To Chechen Government

https://themoscowtimes.com/news/rosneft-plans-selling-oil-assets-to-chechnya-57271

If this goes through soon, great! However, are contract signings dependent on moving the corporation? I didn't see anything about that status in the annual report.

Also haven't seen anything about the lawsuit. Does that mean it has gone away? Previous lawsuits have typically been mentioned in filings.

Definitely need some serious news and new buyers to break any shorts.

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