Canadian Oil Recovery & Remediation Enterprises Ltd V.CVR.H

Industrials

Canadian Oil Recovery & Remediation Enterprises Ltd. is a Canada-based company, which provides full cycle oil waste management solutions to the petroleum industry. The company’s operating lines include remediating oil-contaminated soil; treating sludge, oil-based muds and drilling waste; oil recovery; industrial waste management; oil storage tank cleaning; oil and gas engineering, and project management. Soil remediation, sludge treatment and oil recovery are provided by Company through its Advanced Recovery Equipment Systems (ARES), which consists of two soil washing plants known as ARES I and ARES II. The Company’s primary customers are in the upstream petroleum sector (oil production and drilling companies) and downstream petroleum sector (oil refinery, transportation and distribution companies). The Company has three wholly owned subsidiaries, CORRE Inc., BDE Properties Inc. and Mentra Life Sciences Inc., which are located in Toronto, Ontario.

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Canadian Oil Recovery & Remediation Enterprises Ltd

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Post by redphoenixon Sep 14, 2012 4:09pm

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Post# 20365387

hmmm

Adding a little BS again hey Simon. Ah gotta do what your good at..... lying.

Look with the acquistion of SAR, they hired a new and more expierenced CFO in mid July. This delayed the SCM account, which includes the BP Jordan contract.

They have meet with management & new owners. They beleive new ownership is a better fit. Previous owners had almost all business in Norway. New ownership shares CORRE's focus on oil waste in Middle East.

I see this as a positive. The process has been slow, but we are headed in the right direction.

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