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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Post by B2moiston Jan 11, 2016 1:09pm

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Post# 24446824

Trying to be possitive....

I am trying to be optimistic given the latest news, hopefully the lifting of the Cease Trade Order, and the apparent 700M plant. However, I cant help but be cautious that we could be sitting here January 2017 living in the same hope. Every time we get a PR about marketing it feels like starting over again. I can only hope that BPEC will be helping to close existing negotiations and potentially assist in development/funding. Still have no idea where the funding for HYT is at given that this process started 10 months ago. I wont believe anything until a shovel is stuck in the ground.

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