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PGIE news: PGI Energy Through Its Joint Venture Partner SETX Instrumentation & Electrical, Inc. Signs Contract as Subcontractor to Bechtel-Jacobs/Motiva in the Construction of the United States' Largest Refinery
Jul 29, 2011 8:01:00 AM
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HOUSTON, TX -- (MARKET WIRE) -- 07/29/11 -- PGI Energy, Inc. (PINKSHEETS: PGIE) forms joint venture partnership with SETX Instrumentation & Electrical, Inc as a subcontractor under Bechtel-Jacobs General Contractor and Motiva in the construction of a 660,000 Bbl per day refinery, the US largest refinery. The refinery construction project is located in Port Arthur, Texas. The refinery ownership is a partnership between Saudi Aramco and Shell. "We are excited to be a minority participant in a project of such vast magnitude, said Robert Gandy, Chief Investment Officer for PGI Energy."
About SETX INSTRUMENTATION & ELECTRICAL, INC an affiliate of J & L INSTRUMENTATION & POWER, LLC
J & L Instrumentation has been very active in the construction of power facilities, refinery, instrumentation panel design and construction. PGI Energy and J & L are in the process of final approval to build a 1,000 MGW electrical gas power plant to be constructed in two phases of 500Mgw to the grid in Ajaokuta, Nigeria. SETX shall provide labor resources in the form of skilled technicians and electrical journeymen for instrumentation installation as part of the construction of the refinery. Visit: www.bechteljacobs.com www.saudiaramco.com www.motivaexpansionproject.com/
About us
PGI Energy, Inc. is an energy holding company, headquartered in Houston, Texas. The company's purpose is to acquire assets in the proven producing oil, gas assets, refinery, pipeline sectors of the energy industry and other synergistic assets.
PGI has formed several partnerships to grow its core business organically through strategic alliances diversifying its interest in green energy through biomass production, waste to energy, wood pellets production, syn gas, bio char production and plastics to synthetic crude. PGI has several core divisions which provide support to its operations and customers such as PGI Transportation & Logistics, PGI Manufacturing & Engineering, PGI Green E & P and PGI Commodities Trading.
For more information visit: WWW.PGIEnergy.us or Email: ir@pgienergy.us
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Media & Investor Relations Contact:
832-900-1400
PGI Energy, Inc.
Jose I. Colon
Source: PGI Energy
VLCO quietly moving, 6's getting hit now.
PCFG eroding down faster than i thought it would, in the 5's now.
PFIE 35's up, nice
your group must of coached the party paying for the pump on how to sell their shares, kudos, makes your group look better when the paying group doesn't start f'king the herd right out of the gate...hope you'll can coach the rest down the line.
in some PDOS 05, surely this thing's got a fuggin cent in it before the opening weekend.
it's encouraging, doesn't seem to have much when he is there today, he didn't mess with it all yesterday, watched the whole day.
PCFG on watch, probably drift down into the lower 6's over the next week and have a huge bounce going into Aug 15th.
maybe they gonna try the responsible dilution program this time,lol, we'll see, traders wary right now.
true, if they only had the sense to let it really run, they could sell 1/4 of the shares they intended and secure more funds at the same time, traders are now reluctant play it for very long.
that oughta stall it
WAXS, seems pretty thin.
MSHL nhod, 3.23.
PGIE, no maxm yet, good sign, they might let it run this time.
nice swings on MSHL and NVGN this morning, cancer news out.
why's it moving?
AFFI starting to go back up, .0105x .011
AFFI traders trying to wrestle that bag off their back, down to .007 now.
agreed. may see where it dips to here and grab a little, seems like it's getting some attention back.
no, i just put a bid in at the 50day and wasn't paying attention, if i had noticed I would of grabbed some before going back over 1.5. don't know what happened with sapx other than a huge run, lost the remainder of mine on 5.60 this morning, tried the 4.05 and dumped that at 3.90 when 3.94 fell, wondering if its gonna get close to the 50 day also before giving a good bounce. heat looking like it's about move on out now!
had a bid in at the 50day, missed it by two tics. sapx getting driven in the dirt right now.
hehehe. he comes in peace.
thanks. looks like pdos wants to run now, aaba hasn't been messing with it today and moving away.
my 3's getting sweeter with every tic!
what you sipping on this early? hehehe
mine aren't too much better, but im still making a check at least. did a few flips on abat today, 1.60 to 1.95 and 1.54 to 1.67, should of held it all from 1.00, but flipped that at 1.30. doing some PDOS, or it's doing me, not sure just yet. have a good day Rich, guess you can get some actual work done when the market closes....business still good?
vert's takin the claw hammer out on CDMA, down to 0016 now, jeeze.
lol. rainbows galore in my kingdom....luv's me gold!
ahh, just joshin a little bit, have to say though, he's really reined in those dollarland dreams, he's down to .25 now,lol. you doing any good lately?
wweee, i was thinking more like dollarland, and then maybe afterwards we can go hunting unicorns.
looks like it's starting to get some solid momo behind it.
in ABAT again for the bounce 1.54, high of 1.97
hoping 5's are it, ascm and aaba sure make it tough to gauge those bottoms.
starting to buy pdos again bottom 5's
HFBG, 6's falling now.
CDMA, vert and hdsn tag teaming that fugger into dirt, jeeeze, at 0026 now.
just took me some more candy from the mgrnd baby, i'll hold a token amount see where it goes.
that'd be sweet!! must of opened at 05 because they thought it was the r/s that happened not realizing it was canceled and a f/s substituted, regardless, now it should be trading below .0001,lol, oh well, not gonna complain, was in 001 and out 003 and 004. i'll keep it propped up for ya until you get those shares,
wasn't it trading at .0001/0002 before the forward split?
in pos HFBG, 3's dropping, may be getting some momo this week.