PGI Energy, Inc. (PGIE)

[dcool1]

PGI Energy has identified a 5,000 Bpd atmospheric refinery newly constructed 2009, distressed asset taken back by the lender after construction. The asset appraised in 2008 for $74M. and the lender is willing to sell the asset for $26M.

The revenues historically under lender management at less than full capacity have generated approx. $4M - $6M. per month in revenue -

PGI Energy