Genoil Inc. (GNOLF)

[DTCT]

The latest Uptick Newswire Interview with David Lifschultz had some very interesting info in it: https://upticknewswire.com/featured-interview-ceo-david-lifschultz-of-genoil-inc-otcqb-gnolf-2

Some of my highlights:
- Yakutia Project - 7B barrels of reserves in 5 fields. The first developed field will yield 240,000bpd. They are currently lining up 2 oil services companies to handle the project; one Russian and one Chinese. It will be 35B to develop this which will be financed by the Chinese as part of the 50B LOI previously announced in Nov 2016.
- There are 2 other large projects in Russia currently being worked on. One of them is near the Caspian Sea and Genoil is close to reaching an agreement on it
- Saudi Aramco 50B project has seen intense interest from the Saudis as a project of this magnitude would add huge company value as Aramco moves toward their IPO and a potential 2 Trillion valuation.
- David actually put out some potential share numbers on the Aramco deal. If signed it would be 3.5bpd x $3royalty x 365 = $3.8B. Divided by 850M shares is $4.50EPS and multiplied by 10PE you get a $45 share price. For a 5 cent stock. Crazy!
- IMO 2020 Sulfur Cap - In discussions with the giants of the shipping/commodity industry. They are saying that there only needs to be upgrading facilities in four major refuelling centers: Singapore, Rotterdam, Fujairah, Durban. They are in the planning stages with these giants to roll this out (due to confidentiality agreements no names were given). This needs to happen quickly as time is growing short.

There are 3 Uptick Newswire interviews in all, with each one getting more specific to details. Can't wait for the next one. Hopefully there will be a contract to hear about!