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NMC

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Alias Born 09/25/2009

NMC

Re: None

Thursday, 12/09/2010 3:18:25 PM

Thursday, December 09, 2010 3:18:25 PM

Post# of 35802
Hi GRNOers...sorry for the delay in posting today...I had some family issues to deal with and have just sat down at my computer.

I would like to thank SeaBreezing, GreenRhino and BillyJack for what they have reported here regarding the conference call we were on yesterday with GRNO...the call lasted for well over an hour and I felt that Peter and the company's lawyer were very open and forthcoming.

To summarize...

1. Peter stated that, with oil at $80 per barrel he expects a profit margin of 30- 40%. Each unit can handle 14,000 barrels per month of raw product. Generally speaking this will produce about 7,000 barrels of finished product for which they received the Nymex price less $11. Shell Oil will take as much as they can provide.

2. 2010 Financials (unaudited) are completed to the end of November. The lawyer is talking to an auditor today who was recommended to her...the audit should be completed about 45 days following year-end.

3. The Harbinger Report will be released next week...this was stated several times. The company seems quite excited about it and what it will tell us as well as potential new investors

4. Past history of the company has caused them to be super cautious that everything is correct in anything they file with the SEC as they want things to be processed quickly...a little time now will save a lot of time later. Peter was very clear that the prior ownership of the company has no ties to it today and also that none of the former liabilities were taken on by the new company.

5. the share structure as presented in the ibox is correct, there will be no dilution. Peter said there was no reason to play with the share structure.

6. The Texas plant should be up and running by April 2011 and fully cost effective...delay is caused by delay in receiving permits...once permits are received they should be running with 20,000 barrels

7. Ramos and Ramos are private investors who have been working alongside Peter to help build the company. They are not selling their shares as they have the same greater vision for the company as Peter does. He has always had excellent dealing with them. Any promotions that may have been done by them were in no way connected to Peter or GRNO

It was very clear to me that Peter has a strong desire to build shareholder confidence. He understands we have been taking a beating and feels that company transparency and giving out strong information about the company in a timely manner will help with this...fundamentals will look after technicals.

What would you attempt to do if you knew you would not fail?