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Group 1 Automotive Inc V.GPI


Primary Symbol: GPI

Consumer Cyclical Auto & Truck Dealerships
Group 1 Automotive, Inc. is an international automotive retailer. The Company operates through two segments: the U.S. and the U.K. Through its dealerships and omnichannel platform, the Company sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services and sells vehicle parts. The Company owns and operates about 260 automotive dealerships, 338 franchises, and 44 collision centers in the United States and the United Kingdom that offer 35 brands of automobiles. It sells retail used vehicles directly to its customers at its dealerships and via AcceleRide and wholesale its used vehicles at third party auctions. Its operations are primarily located in areas, including Texas, Massachusetts, Oklahoma, California, Georgia, New Mexico, Maine, New Jersey, New Hampshire, Florida, South Carolina, Louisiana, Kansas, New York, Alabama, Maryland, and Mississippi.


NYSE:GPI - Post by User

Group 1 Automotive Inc > GPI.V - News Release
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Comment by STOCKRUSon Mar 11, 2012 11:56am
303 Views
Post# 19655007

RE: GPI.V - News Release

RE: GPI.V - News Release

FYI, Swan Hill / Slave Lake Area - Faust

 

Great Pacific has 640 Acres (1 section) of 100% owned PNG leases

 

Up to 4 net wells can be drilled on Great Pacific’s section

 

Multiple petroleum and/or natural gas drill targets - Key Formations - Bluesky, Slave Point, Keg River

 

In 2012 other peer companies have already licensed and or drilled several vertical and horizontal wells in the area

 

First Mountain Exploration Ltd. spudded a hydrocarbon well 150 meters from one of Great Pacific’s property

 

Over 235 million bbl of oil have been produced in Mooney and Swan Hill areas

 

Over 400 producing oil wells, 190 of these are horizontal wells

 

Major Producers include;

 

•Arc Resources Ltd

•Apache Corporation

•Blackpearl Resources Inc.

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