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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.


OTCPK:GNOLF - Post by User

Genoil Inc
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Comment by infestoron Feb 14, 2001 1:17pm
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Post# 3318056

RE: # of OS anyone?

RE: # of OS anyone?The end result of the above transactions is that Genoil will own the upgrading pilot plant and associated technology and the sand washing technology. Management estimates (on an unaudited basis) that Genoil will have approximately $1 million in cash to further develop the technology, and will have no material liabilities other than the $2.3 million secured loan. Genoil will have approximately 96 million Common Shares outstanding (108 million Common Shares on a fully diluted basis).
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