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

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.


TSXV:CVR.H - Post by User

Post by simonquinnon Nov 29, 2012 5:19pm
254 Views
Post# 20662984

3RD QTR RESULTS

3RD QTR RESULTS

Lost $1.2 ml in 3rd qtr.

Revenue of $288k in qtr.

As at September 30, 2012 CORRE had cash and cash equivalents amounting to $883,765 compared to $2,683,934 at December 31, 2011. Working capital amounted to $519,303 at the quarter ended September 30, 2012

 

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