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Genoil Inc GNOLF

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.


OTCPK:GNOLF - Post by User

Bullboard Posts
Comment by eliner63on Nov 22, 2006 11:30am
242 Views
Post# 11728805

RE: Thx for the new calculations

RE: Thx for the new calculations"But, still, a 3.5 year payback on a major construction project would be a non-starter at any company I've worked for or sold to. Even a 2-year payback is tough to sell." I don't see how a 2-year ROI is so-so, and would certainly depend on the life-expectancy of the project. In the past DL quoted estimates including financing as capital costs, I'm sure they will provide the numbers before sinking the first shovel. Due to the relative simplicity of the design, construction costs will always be less. ROI will always be better as well with unbeatable test scores. The main thing is to demonstrate the technology, and the deal seems pretty reasonable to do so. There will always be opportunities to save on construction costs (eg. fab. in China is a good start). eliner
Bullboard Posts