Orient Petroleum and Energy, Inc
Orient Petroleum Group is engaged in two energy-related business segments in China, the wholesale distribution of finished oil products and the operation of retail gas stations. Our wholesale business currently covers eight provinces, and includes gasoline, diesel and methanol gasoline supplied to us by various petroleum distributors and refineries in Shaanxi Province. We maintain three sales offices in Shaanxi Province where the majority of our current customers are concentrated. We own one oil storage depot and lease another one, both located in Xi'an, the capital of Shaanxi Province. We also have access to a 7-kilometer dedicated railway line at one of our depots, which connects to state-owned railway. Tanker trucks deliver our products from our other depot throughout Shaanxi Province and beyond. We are one of 19 non-state-owned distributors in Shaanxi Province that are licensed to sell finished oil products. We distributed 211,476.61 metric tons, 178,997.61 metric tons and 141,686.83 metric tons of finished oil products in our fiscal years ended March 31, 2010, 2009 and 2008, respectively, and 55,194.02 metric tons and 52,152.10 metric tons in the three months ended June 30, 2010 and 2009, respectively. We plan to grow our wholesale business by expanding our distribution coverage of both existing and new markets.
We are also a retail distributor of all grades of gasoline and diesel, and currently operate 13 retail gas stations in Shaanxi Province, the majority of which are located in Xi'an. The average annual sales volume of each gas station is 3,153.8 metric tons for our fiscal year ended March 31, 2010, 2009 and 2008. We plan to continue to expand our portfolio of retail gas stations through leasing arrangements or acquisitions, and are continuously looking for high-traffic locations within and outside of Xi'an.
|Market Value1 ||$62,015,000 ||a/o Dec 31, 2010 |
|Shares Outstanding ||7,900,000 ||a/o Jan 12, 2009 |
|Float ||N/A |
|Authorized Shares ||75,000,000 ||a/o Sep 09, 2010 |
|Par Value ||0.001 |
|Shareholders of Record ||30 ||a/o Aug 26, 2008 |
|Beneficial Shareholders ||N/A |
Real-Time Level 2 Quote Montage
Name change October 14, 2010