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Thanks for the DD...
Makes perfect sense, many thanks...
Ardelyx, Inc. (US:ARDX) has 300 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 90,966,539 shares. Largest shareholders include NEA Management Company, LLC, Ra Capital Management, L.p., BlackRock Inc., Rock Springs Capital Management LP, Adage Capital Partners Gp, L.l.c., Vanguard Group Inc, Redmile Group, LLC, Marshall Wace, Llp, Deerfield Management Company, L.p. (series C), and T. Rowe Price Associates Inc /md/.
Institutional Shares 90,966,539 - 100.80% ownership (ex 13D/G) as of 03/19/21.
Industry Security And Commodity Brokers, Dealers, Exchanges, And Services
Institutional Owners 48
Shares Outstanding 600,090 shares
Institutional Shares 19,243 - 3.21% (ex 13D/G)
Institutional Value $ 124 USD ($1000)
The bulk of Institutional position entry into MGHL mainly began on December 17, 2020 when 10 tutes entered on the same day and then many after that thru February 2021. Granted the position sizes are very small, The only indication of anything occurring on or about that time was a filing of Form Type 8-K File Date: 2020-12-18 with respect to changes in its certifying accountant.
My curiosity is killing me. Why would BLACKROCK FUNDS - (iShares Total U.S. Stock Market Index Fund Investor A) open a position for 1 single share? Perhaps as a place holder in order have MGHL on their radar? I'm not sure how that works.
Odyssey Oil & Energy To Be Deleted From OTCBB
09/21/2010
Odyssey Oil & Energy, Inc.'s common stock will be deleted from OTC Bulletin Board (OTCBB) effective September 21, 2010 on account of its failure to comply with NASD 6530. The company will be added to NBB.
Odyssey Oil & Energy, Inc. will Change its Name to C2E Energy, Inc
09/3/2010
Effective September 22, 2010, Odyssey Oil & Energy, Inc. will change its name to C2E Energy, Inc.
Odyssey Oil & Energy, Inc. Amends its Certificate of Incorporation
09/3/2010
On September 2, 2010, the board of directors of Odyssey Oil & Energy, Inc. approved with the consent of a majority of the shareholders an amendment to the Certificate of Incorporation to change the name of the company to C2E Energy, Inc. The Amended Certificate of Incorporation has been filed with the Secretary of State of Florida. The company name change to C2E Energy, Inc. is effective September 20, 2010 with no mandatory exchange of certificates.
Sterling, nice observation...
Odyssey Acquires Clean Coal Company in Merger
Posted August 26, 2010 4:30PM PST
Odyssey Oil & Energy acquired C2E International, which says it has technology and rights to produce fuel from coal that has zero emissions.
C2E issued 51.5 million shares of restricted stock to Interco Holdings.
Odyssey increased its authorized shares to 1 billion common shares and 20 million preferred shares. It will perform a six-to-one reverse split in September.
After the split, the company will issue 600 million shares to the sellers of C2E.
As a condition of the deal, both Arthur Johnson and Nick Theunissen resigned from their management posts but will remain directors at the company.
Odyssey originally sold fitness equipment, but later acquired a medical devices business. It sold off the medical device operations for oil and gas leases in Texas and later acquired a South African biofuel operation. The company plans to continue to expand its "green" energy business.
Stock in the company closed at 1.7 cents on Wednesday.
Anyone around?
Green Technology -Liberty Analytics to Conduct Research on Odyssey Oil & Energy, Inc.
Liberty Analytics Co., a provider of independent investment research in North America with services including research analysis on the large, small- and micro-cap markets, real-time news and financial data, market commentary and the LAC newsletter, started a research on the Odyssey Oil & Energy, Inc., a company dedicated to the development of green technology, focusing on carbon sequestration and renewable energy.
Liberty Analytics, who’s making every effort to bring well-timed investment information to its subscribers by focusing on recent favoured market sectors and by highlighting little know or overlooked companies with substantial market growth potential, is currently offering a trial subscription.
The company brings together a thorough analysis of individual companies with a balance understanding of the surrounding industry sector and overall market conditions.
The factors outside the own daily operations of a company can drive its share price. Liberty Analytics follow these factors so that company can combine them in their investment planning. The understanding of how much a company is rising because of sector factors and how much is has flourished by its own success is important.
Liberty Analytics offers detailed information needed to help companies identify sector driven opportunities and company driven opportunities. The analytics firm also tracks the effects of market fundamentals like inflation rates, productivity, real interest rates, currency markets, government trade and consumer preferences regularly to understand the forces acting on industry sectors and the individual company in question.
Liberty Analytic’s determining factor for selection could be the company’s unique technology, recent discovery, intellectual property, political or geopolitical influence affecting future growth, or considerable new contract that turns into a bright future.
Liberty Analytics’ superior quality in its company selections and reports come from its extraordinary method of analysis, their vast experience and their effort.
The full independent research report on Odyssey Oil & Energy, Inc. can be accessed by visiting www.libertyanalyticsco.com.
After today and the last couple of weeks, I'd be afraid to ask.
Odyssey Enters Agreement to Purchase Q Solid Fuels (Pty) Ltd
JOHANNESBURG, South Africa, Jun 18, 2010 (GlobeNewswire via COMTEX) -- Odyssey Oil & Energy, Inc. /quotes/comstock/11k!oogi (OOGI 0.07, -0.01, -6.67%) is pleased to announce that it has entered into an Agreement to purchase up to 80% of Q Solid Fuels (Pty) Ltd.
Q Solid Fuels (Pty) Ltd manufactures and markets its QALA Fuel, which is a dry solid fuel product, manufactured with no crude oil components, and is environmentally friendly and socially responsible. QALA Fuels is extremely efficient and heats to a surface temperature of 800 Centigrade. This fuel source is ideal for cooking in rural areas.
About the Bio-Fuels Division
ALG Western Oil (Pty) Ltd, a subsidiary of Odyssey, is currently operating in a joint venture with Xstrata Alloys, a subsidiary of Xstrata Plc /quotes/comstock/23s!a:xta (UK:XTA 1,076, +49.00, +4.77%) ,the world's largest producer of ferrochrome in a project at one of Xstrata's Ferro-chrome smelters near Rustenburg in South Africa to capture and sequestrate the carbon dioxide emissions thereby creating carbon credits.
The current phase is the growing of a selected algae strain in photo bio-reactors, utilizing the carbon dioxide (CO2) flue gas coming from the exhausts of the generators, ( with the aid of sunlight and some nutrients, through the process of photosynthesis) to sequestrate the environmentally harmful CO2 emissions and produce high value compounds like vegetable oil which can be used directly as a bio fuel instead of diesel and or jet fuel, carbohydrates and protein to be used in the animal feed industry and the release of oxygen back into the atmosphere.
ALG Western Oil has a pilot plant at Xstrata's Boschoek Smelter. The next phase will be the rolling out on a commercial scale.
The process turns harmful emissions into oxygen while producing bio-fuel, a clean renewable source of energy. By using Algae as the feedstock no food related resources are being consumed to produce the bio-fuel.
Looking like we might get there.
Boy, when's this thing going to turn around???
bobo, I could be wrong, but I believe this is just the beginning.
I'm holding.
OOGI: Odyssey Enters Strategic Partnership With Hylem Water
JOHANNESBURG, South Africa, Apr 26, 2010 (GlobeNewswire via COMTEX) -- Odyssey Oil & Energy, Inc. /quotes/comstock/11k!oogi (OOGI 0.28, +0.13, +83.33%) is pleased to announce a strategic partnership with Hylem Water (Pty) Ltd. Odyssey has entered into a Memorandum of Understanding to help Hylem raise an amount of $2.5 million in order for Hylem to implement its business plan and Odyssey will take up to a 51% interest in Hylem.
Hylem Water manufactures and markets its Rubicon Sachet, which purifies drinking water making it particularly effective in rural areas; it also has the license for the Ferate Technology, which removes heavy metals from mining and industrial wastewater.
"Hylem is a perfect fit in our on going quest as a Green Technology Company," said Arthur Johnson - President.
About the Bio-Fuels Division
ALG Western Oil (Pty) Ltd, a subsidiary of Odyssey, is currently operating in a joint venture with Xstrata Alloys, a subsidiary of Xstrata Plc /quotes/comstock/23s!a:xta (UK:XTA 1,200, +35.01, +3.00%) , the world's largest producer of ferrochrome in a project at one of Xstrata's Ferro-chrome smelters near Rustenburg in South Africa to capture and sequestrate the carbon dioxide emissions thereby creating carbon credits.
Currently all the carbon monoxide from the ferrochrome smelters is flared to carbon dioxide and released into the atmosphere.
The current phase is the growing of a selected algae strain in photo bio-reactors, utilizing the carbon dioxide (CO2) flue gas coming from the exhausts of the generators, (with the aid of sunlight and some nutrients, through the process of photosynthesis) to sequestrate the environmentally harmful CO2 emissions and produce high value compounds like vegetable oil which can be used directly as a bio fuel instead of diesel and or jet fuel, carbohydrates and protein to be used in the animal feed industry and the release of oxygen back into the atmosphere.
ALG Western Oil has a pilot plant at Xstrata's Boschoek Smelter, The next phase will be the rolling out on a commercial scale.
The process turns harmful emissions into oxygen while producing bio-fuel, a clean renewable source of energy. By using Algae as the feedstock no food related resources are being consumed to produce the bio-fuel.
For further information on the company please contact the company at
+27(11) 807-1446
www.odysseyoil.net
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company's dependence on the ability of third party manufacturers to produce components on a basis which is cost-effective to the company, market acceptance of the company's products and the effects of government regulation. Results actually achieved may differ materially from expected results included in these statements.
This news release was distributed by GlobeNewswire, www.globenewswire.com
OOGI: Odyssey Enters Strategic Partnership With Hylem Water
JOHANNESBURG, South Africa, Apr 26, 2010 (GlobeNewswire via COMTEX) -- Odyssey Oil & Energy, Inc. /quotes/comstock/11k!oogi (OOGI 0.28, +0.13, +83.33%) is pleased to announce a strategic partnership with Hylem Water (Pty) Ltd. Odyssey has entered into a Memorandum of Understanding to help Hylem raise an amount of $2.5 million in order for Hylem to implement its business plan and Odyssey will take up to a 51% interest in Hylem.
Hylem Water manufactures and markets its Rubicon Sachet, which purifies drinking water making it particularly effective in rural areas; it also has the license for the Ferate Technology, which removes heavy metals from mining and industrial wastewater.
"Hylem is a perfect fit in our on going quest as a Green Technology Company," said Arthur Johnson - President.
About the Bio-Fuels Division
ALG Western Oil (Pty) Ltd, a subsidiary of Odyssey, is currently operating in a joint venture with Xstrata Alloys, a subsidiary of Xstrata Plc /quotes/comstock/23s!a:xta (UK:XTA 1,200, +35.01, +3.00%) , the world's largest producer of ferrochrome in a project at one of Xstrata's Ferro-chrome smelters near Rustenburg in South Africa to capture and sequestrate the carbon dioxide emissions thereby creating carbon credits.
Currently all the carbon monoxide from the ferrochrome smelters is flared to carbon dioxide and released into the atmosphere.
The current phase is the growing of a selected algae strain in photo bio-reactors, utilizing the carbon dioxide (CO2) flue gas coming from the exhausts of the generators, (with the aid of sunlight and some nutrients, through the process of photosynthesis) to sequestrate the environmentally harmful CO2 emissions and produce high value compounds like vegetable oil which can be used directly as a bio fuel instead of diesel and or jet fuel, carbohydrates and protein to be used in the animal feed industry and the release of oxygen back into the atmosphere.
ALG Western Oil has a pilot plant at Xstrata's Boschoek Smelter, The next phase will be the rolling out on a commercial scale.
The process turns harmful emissions into oxygen while producing bio-fuel, a clean renewable source of energy. By using Algae as the feedstock no food related resources are being consumed to produce the bio-fuel.
For further information on the company please contact the company at
+27(11) 807-1446
www.odysseyoil.net
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company's dependence on the ability of third party manufacturers to produce components on a basis which is cost-effective to the company, market acceptance of the company's products and the effects of government regulation. Results actually achieved may differ materially from expected results included in these statements.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Odyssey Oil & Energy, Inc.
Odyssey Enters Strategic Partnership With Hylem Water
JOHANNESBURG, South Africa, Apr 26, 2010 (GlobeNewswire via COMTEX) -- Odyssey Oil & Energy, Inc. /quotes/comstock/11k!oogi (OOGI 0.28, +0.13, +83.33%) is pleased to announce a strategic partnership with Hylem Water (Pty) Ltd. Odyssey has entered into a Memorandum of Understanding to help Hylem raise an amount of $2.5 million in order for Hylem to implement its business plan and Odyssey will take up to a 51% interest in Hylem.
Hylem Water manufactures and markets its Rubicon Sachet, which purifies drinking water making it particularly effective in rural areas; it also has the license for the Ferate Technology, which removes heavy metals from mining and industrial wastewater.
"Hylem is a perfect fit in our on going quest as a Green Technology Company," said Arthur Johnson - President.
About the Bio-Fuels Division
ALG Western Oil (Pty) Ltd, a subsidiary of Odyssey, is currently operating in a joint venture with Xstrata Alloys, a subsidiary of Xstrata Plc /quotes/comstock/23s!a:xta (UK:XTA 1,200, +35.01, +3.00%) , the world's largest producer of ferrochrome in a project at one of Xstrata's Ferro-chrome smelters near Rustenburg in South Africa to capture and sequestrate the carbon dioxide emissions thereby creating carbon credits.
Currently all the carbon monoxide from the ferrochrome smelters is flared to carbon dioxide and released into the atmosphere.
The current phase is the growing of a selected algae strain in photo bio-reactors, utilizing the carbon dioxide (CO2) flue gas coming from the exhausts of the generators, (with the aid of sunlight and some nutrients, through the process of photosynthesis) to sequestrate the environmentally harmful CO2 emissions and produce high value compounds like vegetable oil which can be used directly as a bio fuel instead of diesel and or jet fuel, carbohydrates and protein to be used in the animal feed industry and the release of oxygen back into the atmosphere.
ALG Western Oil has a pilot plant at Xstrata's Boschoek Smelter, The next phase will be the rolling out on a commercial scale.
The process turns harmful emissions into oxygen while producing bio-fuel, a clean renewable source of energy. By using Algae as the feedstock no food related resources are being consumed to produce the bio-fuel.
For further information on the company please contact the company at
+27(11) 807-1446
www.odysseyoil.net
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company's dependence on the ability of third party manufacturers to produce components on a basis which is cost-effective to the company, market acceptance of the company's products and the effects of government regulation. Results actually achieved may differ materially from expected results included in these statements.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Odyssey Oil & Energy, Inc.
Right on! With last months pop and then this news alert, I think it's time for OOGI to start it's move.
You are correct about BEHL, The worse thing about it was, it was obvious that it was a pump and dump even in the early stages. Follow the technology and who is behind it. There is is a big difference with OOGIE.
South African Prof Johan Grabbelaar has spent his adult life studing and refining the technolgy that Exxon, Dow and others are just know beginning to invest in, it doesn't happen over night.
Nevertheless, I understand your sentiment and hope the best for you also.
IMO
Posted by: Ecomike Date: Sunday, April 25, 2010 11:34:49 PM
I wish any one stuck long here luck. This looks like another BEHL to me. FYI I just got an email pumping this one at:
http://www.investorflux.com/newsletter/
I am not biting on this one, but thought the regulars here would appreciate knowing a new pump has started.
Pilot Plant photo's at Xstrata Alloys smelter in Boshoek.
http://www.odysseyoil.net/odyssey/Slides.html
OOGI had an awesome week, looking forward to another great week...
OOGI Time & Sales
http://www.quotemedia.com/results.php?qm_page=60534&qm_symbol=OOGI
Price Size Exch Time
0.13 6300 OBB 15:21:13
0.14 5000 OBB 15:02:46
0.14 5000 OBB 15:02:23
0.15 4000 OBB 14:03:33
0.14 6000 OBB 12:27:21
0.15 4100 OBB 12:22:31
0.145 5000 OBB 12:22:29
0.15 5000 OBB 12:22:00
0.155 5900 OBB 11:55:42
0.155 1000 OBB 11:52:48
0.155 1000 OBB 11:48:43
0.155 10000 OBB 11:37:03
0.1525 10000 OBB 11:37:02
0.155 2100 OBB 11:05:07
0.15 5000 OBB 10:29:09
0.155 2000 OBB 10:19:31
0.15 5000 OBB 09:44:32
0.155 450 OBB 09:42:28
0.1475 5000 OBB 09:41:44
0.155 10000 OBB 09:36:45
0.1525 5000 OBB 09:36:40
0.16 5000 OBB 09:35:20
0.15 10000 OBB 09:32:29
0.145 39157 OBB 09:32:26
t 0.15 5000 OBB 09:26:38
t 0.15 5000 OBB 09:25:48
OOGI machine gaining speed...
That will be the next stop in my opinion. lol
Check out OOGI, after a long quiet period they cut two PR's last week and accumulation is slowly rising.
Let me know what you think.
OOGI - Gaining momentum! Check it out...
Pilot Plant photo's at Xstrata Alloys smelter in Boshoek.
http://www.odysseyoil.net/odyssey/Slides.html
OOGI: After being quiet for some time has released two PR's this week.
http://ih.advfn.com/p.php?pid=nmona&article=42044554&symbol=OOGI
Odyssey Oil & Energy, Inc. Announces Pilot Plant Update
JOHANNESBURG, South Africa, March 19, 2010
GLOBE NEWSWIRE
Odyssey Oil & Energy, Inc. (OTCBB:OOGI) announces pilot plant updates.
The Algae Bio-Fuels/Carbon Capture pilot plant at the Boschoek smelter has been running successfully for 8 months. During this time, many modifications have been made to improve the growing conditions and productivity of the plant. The plant has met and exceeded all goals set to date. We are currently introducing the carbon dioxide from the smelter directly into the pilot plant. This is a major step towards the completion stage of testing. The process turns harmful emissions into oxygen while producing bio-fuel, a clean renewable source of energy.
About the Bio-Fuels Division
ALG Western Oil (Pty) Ltd., a subsidiary of Odyssey, is currently operating in a joint venture with Xstrata Alloys, a subsidiary of Xstrata Plc (LSE:XTA), the world's largest producer of ferrochrome, in a project at one of Xstrata's Ferrochrome smelters near Rustenburg in South Africa to capture and sequestrate the carbon dioxide emissions, thereby creating carbon credits.
Currently, all the carbon monoxide from the ferrochrome smelters is flared to carbon dioxide and released into the atmosphere.
The current phase is the growing of a selected algae strain in photo bio-reactors, utilizing the carbon dioxide (CO2) flue gas coming from the exhausts of the generators (with the aid of sunlight and some nutrients through the process of photosynthesis) to sequestrate the environmentally harmful CO2 emissions and produce high value compounds like vegetable oil which can be used directly as a bio fuel instead of diesel and/or jet fuel, carbohydrates and protein to be used in the animal feed industry and the release of oxygen back into the atmosphere.
ALG Western Oil has a pilot plant at Xstrata's Boschoek Smelter. The next phase will be the rolling out on a commercial scale.
The process turns harmful emissions into oxygen while producing bio-fuel, a clean renewable source of energy. By using Algae as the feedstock, no food-related resources are being consumed to produce the bio-fuel.
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company's dependence on the ability of third party manufacturers to produce components on a basis which is cost-effective to the company, market acceptance of the company's products and the effects of government regulation. Results actually achieved may differ materially from expected results included in these statements.
CONTACT: Odyssey Oil & Energy, Inc.
+27(11) 807-1446
www.odysseyoil.net
OOGI: Odyssey Oil & Energy, Inc. Announces Pilot Plant Update
http://ih.advfn.com/p.php?pid=nmona&article=42044554&symbol=OOGI
Odyssey Oil & Energy, Inc. Announces Pilot Plant Update
JOHANNESBURG, South Africa, March 19, 2010
GLOBE NEWSWIRE
Odyssey Oil & Energy, Inc. (OTCBB:OOGI) announces pilot plant updates.
The Algae Bio-Fuels/Carbon Capture pilot plant at the Boschoek smelter has been running successfully for 8 months. During this time, many modifications have been made to improve the growing conditions and productivity of the plant. The plant has met and exceeded all goals set to date. We are currently introducing the carbon dioxide from the smelter directly into the pilot plant. This is a major step towards the completion stage of testing. The process turns harmful emissions into oxygen while producing bio-fuel, a clean renewable source of energy.
About the Bio-Fuels Division
ALG Western Oil (Pty) Ltd., a subsidiary of Odyssey, is currently operating in a joint venture with Xstrata Alloys, a subsidiary of Xstrata Plc (LSE:XTA), the world's largest producer of ferrochrome, in a project at one of Xstrata's Ferrochrome smelters near Rustenburg in South Africa to capture and sequestrate the carbon dioxide emissions, thereby creating carbon credits.
Currently, all the carbon monoxide from the ferrochrome smelters is flared to carbon dioxide and released into the atmosphere.
The current phase is the growing of a selected algae strain in photo bio-reactors, utilizing the carbon dioxide (CO2) flue gas coming from the exhausts of the generators (with the aid of sunlight and some nutrients through the process of photosynthesis) to sequestrate the environmentally harmful CO2 emissions and produce high value compounds like vegetable oil which can be used directly as a bio fuel instead of diesel and/or jet fuel, carbohydrates and protein to be used in the animal feed industry and the release of oxygen back into the atmosphere.
ALG Western Oil has a pilot plant at Xstrata's Boschoek Smelter. The next phase will be the rolling out on a commercial scale.
The process turns harmful emissions into oxygen while producing bio-fuel, a clean renewable source of energy. By using Algae as the feedstock, no food-related resources are being consumed to produce the bio-fuel.
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company's dependence on the ability of third party manufacturers to produce components on a basis which is cost-effective to the company, market acceptance of the company's products and the effects of government regulation. Results actually achieved may differ materially from expected results included in these statements.
CONTACT: Odyssey Oil & Energy, Inc.
+27(11) 807-1446
www.odysseyoil.net
Interesting, They sure have been quiet for some time. Seems like they are refocusing the business.
I know the bioalae technology is the future.
Somethings up! Two PR's in a week???
Odyssey Oil & Energy, Inc. Announces Pilot Plant Update
JOHANNESBURG, South Africa, March 19, 2010
GLOBE NEWSWIRE
Odyssey Oil & Energy, Inc. (OTCBB:OOGI) announces pilot plant updates.
The Algae Bio-Fuels/Carbon Capture pilot plant at the Boschoek smelter has been running successfully for 8 months. During this time, many modifications have been made to improve the growing conditions and productivity of the plant. The plant has met and exceeded all goals set to date. We are currently introducing the carbon dioxide from the smelter directly into the pilot plant. This is a major step towards the completion stage of testing. The process turns harmful emissions into oxygen while producing bio-fuel, a clean renewable source of energy.
About the Bio-Fuels Division
ALG Western Oil (Pty) Ltd., a subsidiary of Odyssey, is currently operating in a joint venture with Xstrata Alloys, a subsidiary of Xstrata Plc (LSE:XTA), the world's largest producer of ferrochrome, in a project at one of Xstrata's Ferrochrome smelters near Rustenburg in South Africa to capture and sequestrate the carbon dioxide emissions, thereby creating carbon credits.
Currently, all the carbon monoxide from the ferrochrome smelters is flared to carbon dioxide and released into the atmosphere.
The current phase is the growing of a selected algae strain in photo bio-reactors, utilizing the carbon dioxide (CO2) flue gas coming from the exhausts of the generators (with the aid of sunlight and some nutrients through the process of photosynthesis) to sequestrate the environmentally harmful CO2 emissions and produce high value compounds like vegetable oil which can be used directly as a bio fuel instead of diesel and/or jet fuel, carbohydrates and protein to be used in the animal feed industry and the release of oxygen back into the atmosphere.
ALG Western Oil has a pilot plant at Xstrata's Boschoek Smelter. The next phase will be the rolling out on a commercial scale.
The process turns harmful emissions into oxygen while producing bio-fuel, a clean renewable source of energy. By using Algae as the feedstock, no food-related resources are being consumed to produce the bio-fuel.
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These factors include the effect of competitive pricing, the company's dependence on the ability of third party manufacturers to produce components on a basis which is cost-effective to the company, market acceptance of the company's products and the effects of government regulation. Results actually achieved may differ materially from expected results included in these statements.
CONTACT: Odyssey Oil & Energy, Inc.
+27(11) 807-1446
www.odysseyoil.net
Anyone still around?
Thanks, I'll do some dd...
Hey all, any good prospects?