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Genoil Inc GNOLF

Energy Oil & Gas Equipment & Services
Genoil Inc. is a 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.


OTCPK:GNOLF - Post by User

Genoil Inc
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Comment by Jackroyon Feb 08, 2001 5:04pm
275 Views
Post# 3285757

RE: Estimate?

RE: Estimate?I am not close to the company - just a common sufferer that has put up with this investment long enough. The story however is not half bad. Having Gulf lend money is reasonably credible. that said, the business plan is weak, mgnt is weak, and it is a R&D opportunity. Big loss if it does not work, big win fall if it does. My guess $.20 / share
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities