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

Bullboard Posts

Post by eliner63on Aug 25, 2005 5:00pm

206 Views

Post# 9463155

Thoughts on the majors

There had been some posts about why Canadian oil companies don't use Genoil. The answer to that one is that they (more than one major) are interested in but are waiting to see the results of a 1000 bpd upgrader. The potential of silver eagle is much more than 1200 bpd. The other reason is the oil business is slow to change, but things are starting to happen now the longer the price of oil stays north of 40. For those who wonder why the majors just don't buy the technology, think more about the first points, along with what is the objective of an oil and gas exploration company. I would be glad to hear any other thoughts except from JS. Eliner

Bullboard Posts

Changing Europe’s dependency on HREE from China