Post by
junkets on Dec 01, 2010 1:26pm
Two Hills
The only asset this company seems to have is the Two Hills property. The CO2 storage is going nowhere. But the salt cavern storage can be used for waste oil. Genoil has a pilot upgrader located there, but only 10BPD. Genoil at one time planned to build a 750BPD demo upgrader and bought the equipment. I think they need about 10 million to build it. This was announced a couple of years ago. The Two Hills site is licensed because of the pilot already being there, so Genoil could probably build it there, if they could get the funding. Does any of this mean anything... I don't know. Does CRC fit in...again, I don't know.
Comment by
junkets on Dec 03, 2010 2:59pm
Funny that CRC didn't announce that they sold Two Hills to Genoil yesterday for $100,000 plus 2.5 million shares plus warrants of Genoil. I expect Genoil to appreciate considerably over the near future, so that should make CRC worth at least a couple of cents a share.