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.0006 from being green on Gnolf
An update to July 3rds news... Maybe something is brewing??...hoping they can finish this time?!...
https://finance.yahoo.com/news/genoil-substantially-increases-total-oil-102000973.html
Is this last NEWS what I have been waiting for the last 2 1/2 years??
REVENUE!!
https://finance.yahoo.com/news/genoil-signs-advisory-agreement-jsc-100000240.html
certainly not bad news
but basically another loi or mou or ...
would be nice to see REVENUES !!!!!!
took translation from other website ... not trying to take credit ... thanks to translator!!!
Translation on IMP and Gnolf news release p.5+6 -June 18/19
Translation of the Mexican IMP and Gnolf : Sign IMP and Genoil agreement cooperation
They will develop projects for the improvement of heavy and extra heavy
oils Last May 24, Mr.Jos E. Garca Torres, legal representative of the
company, met at the Mexican PetroleumInstitute (IMP). company GenOil
Inc., and Dr. Fernando Castrejn Vacio, director of ProductTechnology of
the IMP, to sign a Memorandum of Understanding, with the objective
ofestablishing the cooperation guidelines between GenOil and the IMP,
to jointly generate new opportunities for improvement of heavy and extra
heavy crudes. The interest of the Memorandum includes the joint search
for business opportunities, the development of
potential investments in service projects, product scaling, the provision of technological services, consulting and specialized advice, the promotion of investment, specialized training and marketing of everything related to the processing of heavy crudes; as well as for the hydrotreating process. Dr. Jorge Ancheyta Jurez, manager, was present at this event of Products for the Transformation of Crude of the IMP and the engineer Mario Alberto Carren Rascn, by GenOil. The IMP participates with its capabilities in the improvement of heavy crudes and residues to produce high value enhanced crudes, with properties similar to those of light crudes, such as that of the IMP researchers group, directed by Dr. Jorge Ancheyta, who developed the technology HIDRO-IMP®, which has important economic and operational advantages on conventional technologies, and it is a very favorable option for the best use of heavy crudes. While GenOil Inc., a technology development company that has made significant advances in hydroconversion processes, is interested in collaborate with the IMP, combining their strengths and experiences, under the scheme of consortiums to provide the most competitive proposals for the large infrastructure projects of the oil industry. The conjunction of capacities between both institutions seeks to realize applications of these technologies for the benefit of the industry, and for a better use of the main crude produced in Mexico.
Interesting.... if only I read Spanish.
https://impinforma.mx/wp-content/uploads/2019/06/Gaceta-214-17-de-junio.pdf
Genoil & Instituto Mexicano del Petroleo Sign Collaboration Agreement for The Joint Development of Heavy Crude Upgrading Projects in Mexico
Wednesday, June 12, 2019 11:05 AM
MEXICO CITY, MEXICO / ACCESSWIRE / June 12, 2019 / (OTC PINK: GNOLF) Genoil Inc., the publicly traded clean technology engineering company for the energy industry, announced today that Lic. Jos E. Garca Torres, Legal Representative of the company Genoil Inc. and Dr. Fernando Castrejn Vacio, Director of Product Technology of the Instituto Mexicano del Petroleo "IMP", met to sign a Memorandum of Understanding, which seeks to establish guidelines for cooperation between Genoil and the IMP to jointly team up to develop business opportunities in matters of improvement of heavy and extra-heavy oils in Mexico. The interest of this Memorandum includes the joint search for business opportunity, as well as the development of potential investments in service projects, the scaling of products, provision of technological services, consulting and specialized advice, promotion of investment, specialized training and marketing in everything related to the Processing of Heavy Crude Oil, as well as for the process of Hydrotreating. Also present for the signing ceremony was Dr. Jorge Ancheyta Jurez, Product Manager for the Transformation of Crude of IMP and Genoil engineer Mario Alberto Carren Rascn.
GENOIL Inc. is a technology development company that has made important technical breakthroughs in hydroconversion technology processes. The parties are interested in collaborating together, combining each others' strengths and experiences under the consortium scheme to provide the most competitive proposals for the large infrastructure projects of the oil industry.
IMP is very well known in Mexico's oil and gas sector and has strong capacities to support Genoil in Mexico in the area of sales of advanced heavy crudes and residue conversion technologies to produce improved high value crude with properties similar to those of light crudes.
A group of researchers from IMP, led by Dr. Jorge Ancheyta, have developed a similar technology to GHU called the HIDRO-IMP® technology, which has important economic and operational advantages over conventional technologies and is a very favorable option for the best use of heavy crude oils.
"Genoil & the Mexican government owned Instituto Mexicano del Petroleo make perfect partners and both have advanced technical capabilities and see the huge need for upgrading crude oil in Mexico. Our new partnership will looking to implement hydroconversion technologies for the benefit of the Mexican oil & gas industry to maximize profit margins from crude produced in Mexico." Says Bruce Abbott, President of Genoil.
About Instituto Mexicano del Petroleo: Is a Mexican government Petroleum Institute. It is the leading research center of Mexico dedicated to the area of crude oil. As a decentralized government public research center, it has the mission of transforming knowledge into technology and valuable services for the oil industry; and the vision of being a world-class public research center with recognized personnel, with technologies and services that contribute to the development of the oil industry.
About the Genoil GHU Upgrader: The Genoil Hydroconversion Upgrader (GHU®), is an advanced upgrading and desulfurization technology, which converts heavy or sour crude oil into much more valuable light low sulphur oil for a very low cost. The GHU achieves 96% pitch conversion and 95% desulfurization with an operating cost of up to 75% less than the competition. For Conoco Canada Ltd, Genoil converted their bitumen of 6-8.5 API and converted it to 24.5 API. We also removed 92% of the sulphur reducing the amount from 5.14 % to below 0.24%. These results were taken by Conoco Canada Ltd, who had them analysed by Core Laboratories, one of the largest service providers of core and fluid analysis in the petroleum industry.
For further information, please contact:
David Lifschultz
Tel: +1 212 688 8868
Email: dklifschultz@Genoil.net
SOURCE: Genoil Inc.
This stock has got to be one of the most disappointing stock for sure.
THIS CEO NEEDS TO BE RESIGN.
He's old and clearly incompetent.
glty on here.
Why does Genoil need 3 dollars a barrel why not 2. Or even .50 ?
We need an actual contract! With actual income coming in! No more Loi’s
Oh and don’t forget about the Canadians trapped in Genoil for years !
What’s this ? Hmmm. http://www.globaladvancedtechnologies.com/desulfurization.php
What happened? Genoil Exploration
Dec 17, 2017 | GenOil Articles
Beau Canada has tight focus on gas, NGL at home, takes plunge in Cuba
Genoil The perfect example of why not to invest in penny stocks !
Genoil can’t do anything about but put out press releases! https://www.forbes.com/sites/https://www.forbes.com/sites/rrapier/2018/08/26/why-diesel-prices-are-set-to-soar
Soon somebody will be blaming this drop in price on the darn shoulders !
Wow is it all done are they going sub penny! The death of a stock.
Anyone know why David hasn't found the money from his extensive connections to build a smaller working plant? The plant would prove out the technology and Genoil and their partner would be making money.
One successful plant would fund the next and the next. Seems to me that this should have been done long ago. Doing business with these dicey corrupt countries seems like a dangerous uphill battle. Any feedback is appreciated.
I agree. Funny how that article makes it sound like Genoil will have desulfurized oil available for next year. Seeing as how they have to sign contracts, and then build the GHU’s, I don’t see that happening at this point...
very interesting ...
assuming you believe the ghu units work, this is a way shipping industry can get rid of heavy oil with no cost up front ... and only minimally higher fuel costs ... vs. the likelihood of extreme price increases for light oil in the future
plus - and again this assumes the ghu unit works (as tested) - they can reduce costs in the future by obtaining heavy oil at low prices, and turning it to light oil --- at dramatic savings
ONCE AGAIN --- SOUNDS GREAT --- BUT IS MEANINGLESS UNTIL REVENUES COME IN
but kudos for trying something new
here's a better link summarizing podcast:
https://finance.yahoo.com/news/uptick-newswire-hosts-genoil-inc-120000410.html
New interview on uptick newswire:
https://upticknewswire.com/interview-ceo-david-lifschultz-of-genoil-inc-otc-gnolf/
http://genoil.ca/wp-content/uploads/2019/03/2019-Genoil-Website-Investor-Presentation.pdf
new investor presentation dated 4/1/19
nothing new ... BUT EXCELLENT PRESENTATION
now if they could only get a deal signed producing revenue ...
but the presentation was very well done ... very professional
Pretty big media coverage for the LR story, well at least in the bunker world anyways. 8 months till IMO2020 and everyone is still standing around with their hands in their pockets looking around stupidly. I sense a disaster on the hozizon...
GLOBAL: LR provides independent verification for Genoil’s GHU process
A process demonstration witnessed by Lloyd’s Register showed that Genoil’s hydroconversion upgrader can convert high sulphur heavy fuel oil into IMO 2020-compliant marine fuel.
During the demonstration of the desulphurisation process the sulphur content of an HSFO was reduced from 1.72% to 0.38%.
It should be noted that the class society was not present throughout the complete demonstration cycle. However, as Muhammad Usman, Lloyd’s Register, Product Manager – Fuel oil bunker analysis and advisory service (FOBAS), commented: ‘Although LR did not have full visibility of the technical approach used by Genoil’s process or demonstration and was not present throughout, the sample analysed from the output sample of the demonstration was 0.38% m/m, in comparison to the feedstock used for the process which was stated to be an ISO-F-RMG380 fuel with sulphur content of 1.7% m/m.
David Lifschultz, CEO of Genoil, added: ‘Gaining independent verification from a renowned shipping classification society of the product characteristics of the supplied sample at entry to the GHU process and the end product at completion of the process is a significant step for Genoil in proving to the industry that there is a less expensive means of ensuing compliance with 2020 regulations that doesn’t require paying a large premium for distillate fuels, or investing millions of dollars of capital, which may never see full payback, in scrubber technology or LNG.
‘And because the GHU produces fuel with the same properties of heavy fuel oil minus the sulphur content, it also reduces the risk of engine damage, which so many in the industry are concerned with in relation to new hybrid distillate products.’
The recent demonstration was run with conventional high sulphur RMG 380 grade sourced from Rotterdam. A sample was taken by Lloyd’s Register of the input material and sealed in a FOBAS bottle.
This development follows comes after the latest demonstration run for the hydroconversion upgrader (GHU) conducted for Petroleos Mexicanos (PEMEX) at Genoil’s state-of-the-art multipurpose demonstration facility hosted by the UFA Scientific Research Institute of Petroleum Refining and Petrochemistry located in Bashkortostan, conducted in October and November 2018.
Genoil highlights that its GHU can be built alongside existing refinery infrastructure in major bunkering hubs rather than incurring the costs to develop and build all new infrastructure.
I just looked at the trades today... hmmmmm.... interesting.....probably nothing but still interesting.
very interesting trading volume near the close ... buy volume at or near ask ... somebody wanted shares and was willing to pay for it ...
don't worry i'm not going nuts ...
400,000 shares at .035 = only $14,000
but it certainly is better than selling at .02
With in that time it will ether implode or explode! Could go either way.
starting my DD on this one. lots of potential but has been idle for a while. What can we expect in the next 3-6 months?
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