Genoil Inc. (GNOLF)

[Renee]

GNOLF SEC Suspension for severely delinquent Financials:

https://www.sec.gov/litigation/suspensions/2020/34-87980.pdf

Order:

https://www.sec.gov/litigation/suspensions/2020/34-87980-o.pdf

Admin. Proceeding:

https://www.sec.gov/litigation/admin/2020/34-87979.pdf

[Smokey John]

OMG
.0001 away from sub penny.........What happened to all those letters of LOI, and news of impending contracts.
He should stop writing these long essays about the world and concentrate on GENOIL.

[gnolfinvestor]

https://www.accesswire.com/562723/Andrey-Sergeev-Joins-Genoil-as-Chief-Geologist

"In connection with his employment, Andrey has been granted five hundred thousand (500,000) stock options pursuant to the Company's stock option plan, such options being exercisable at US $0.10 per share and vesting over five years, with 100,000 vesting at the anniversary date of each year of employment."

interesting employment pay - he only makes money if genoil goes above .10 ... otherwise, options are worthless. you would assume sergeev expects pps to rise dramatically, or why bother signing on with genoil - and work for nothing ???

[gnolfinvestor]

look at bottom line /// source: genoil

https://www.accesswire.com/562251/Largest-Bank-in-the-World-to-Assist-Genoil-to-Source-Investors-for-The-Velikoye-Oil-Field

[gnolfinvestor]

look at bottom line /// source: genoil

https://www.accesswire.com/562251/Largest-Bank-in-the-World-to-Assist-Genoil-to-Source-Investors-for-The-Velikoye-Oil-Field

[gnolfinvestor]

https://finance.yahoo.com/amphtml/news/largest-bank-world-assist-genoil-150500377.html

article about moving forward on russian oil field deal ... unfortuantely, appears to be written by dkl... so credibility is an issue

bottomline... closer to a deal .... but not that much closer

at least we can say the deal is not dead ... yet

[gnolfinvestor]

just wondering out loud...

2 sessions ago someone dumped 300,000+ shares at market ... which drove the price down artificially to under .02

previously, there was a ceiling ... a block of 300,000+ ... @ .03 ask

wonder if block at .03 was sold at market two sessions ago... does that mean ceiling is gone ???

don't have level II for pink sheet stocks

[Smokenjoe1]

https://www.google.com/amp/s/seekingalpha.com/amp/article/4279222-imo-2020-impacts-oil-market-may-provide-unexpected-twist

[Smokenjoe1]

New podcast.

https://audioboom.com/posts/7318962-genoil-inc-joins-the-stock-day-podcast-to-discuss-the-company-s-current-projects

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Run baby run

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.0006 from being green on Gnolf

[Smokenjoe1]

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

[Smokey John]

Is this last NEWS what I have been waiting for the last 2 1/2 years??
REVENUE!!

[gnolfinvestor]

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 !!!!!!

[gnolfinvestor]

took translation from other website ... not trying to take credit ... thanks to translator!!!

[gnolfinvestor]

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.

[Smokenjoe1]

Interesting.... if only I read Spanish.

https://impinforma.mx/wp-content/uploads/2019/06/Gaceta-214-17-de-junio.pdf

[scp222]

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: [phone]
Email: [e-mail]

SOURCE: Genoil Inc.

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Last post on genoil Facebook April of 2012 Wow

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https://seekingalpha.com/article/4190996-oil-supply-shock-coming-2020-prepare

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https://shipandbunker.com/news/features/paul-hardy-nsi/970438-imo2020-conflicts-and-the-quest-for-information

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https://www.reuters.com/article/us-mexico-pemex-producion/mexicos-pemex-plans-to-triple-oil-well-drilling-this-year-to-boost-output-idUSKCN1R004Z

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https://www.nytimes.com/reuters/2019/05/14/business/14reuters-imo-shipping-factbox.html

[Chaka]

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.

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Why does Genoil need 3 dollars a barrel why not 2. Or even .50 ?

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We need an actual contract! With actual income coming in! No more Loi’s

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http://www.globaladvancedtechnologies.com/refining.php

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https://shipandbunker.com/news/world/716191-economic-desulfurization-process-could-prove-attractive-to-refineries-post-2020

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Oh and don’t forget about the Canadians trapped in Genoil for years !

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And again. http://jeanblanc-intl.com/desulfurization.php#content

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What’s this ? Hmmm. http://www.globaladvancedtechnologies.com/desulfurization.php

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What happened? https://shipandbunker.com/news/emea/884545-genoil-desulfurization-tech-to-feature-in-new-north-west-africa-project

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What happened? http://genoil.ca/chinese-national-offshore-oil-company-ltd-division-signs-contract-with-genoil/

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What happened? Genoil Exploration
Dec 17, 2017 | GenOil Articles
Beau Canada has tight focus on gas, NGL at home, takes plunge in Cuba

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What happened to. Vung Ro Refinery Vietnam

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What happened all the LOI’s that were signed over the years?

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What happen with Saudi Arabia

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What happened to Russia

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What happened to Mexico

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What happened to the move of corporate headquarters !

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Genoil The perfect example of why not to invest in penny stocks !

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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

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Shorts

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Soon somebody will be blaming this drop in price on the darn shoulders !

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Wow is it all done are they going sub penny! The death of a stock.

[theDonald69]

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.

[DTCT]

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...

[gnolfinvestor]

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

[DTCT]

Interesting Article:
https://splash247.com/genoil-how-to-burn-high-sulphur-fuel-oil-without-a-scrubber-next-year/

[gnolfinvestor]

here's a better link summarizing podcast:

https://finance.yahoo.com/news/uptick-newswire-hosts-genoil-inc-120000410.html