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 25, 2016 10:55am

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Post# 24490335

CTO lifting Status

Apparently the only thing remaining prior to lifting of the CTO is the AGM. There is now a push over the next two weeks to complete the 2015 audit in order to schedule and proceed with the AGM. As I see it, there is no realistic lifting of the CTO until at least April. Which sucks for us Canadians if you are thinking that this thing could creep up to 15 or 20 cents before those that wanted to bulk up on shares could do so. At least there is a glimmer of hope now, albeit it will still be 3 years after a shovel is in the ground to get the first Dollar in the door.

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