Genoil, Inc.
(OTCBB: GNOLF)
Publisher's Note:
BP has shown interest in Genoil's cleanup solutions and they are in discussions with Genoil regarding the disaster in the Gulf of Mexico. Genoil is also in discussions with United States authorities as the company's oil separation technologies are the most advanced in the world for the contaminated shorelines. Genoil's sand cleaner has the potential to help return the Gulf of Mexico's contaminated shoreline to a purity worthy of the most picturesque beaches, marshlands and shorelines in the world.
Genoil's Crystal Sea Oil/Water Seperator is patented and already has been approved for use by the U.S. Coast Guard
This could be the biggest microcap play of 2010 so do your homework on GNOLF today and see why we believe that GNOLF is a stock that we feel every OTCPicks.com member should put on their watchlists and do their own homework on fast!
Genoil, Inc. (OTCBB: GNOLF)
Detailed Quote: http://www.otcpicks.com/quotes/GNOLF.php
Breaking GNOLF News:
May 25 - Genoil Inc. Announces Proposed Private Placement for Up to $500,000 at $.13 by June 15, 2010 With an Attached Warrant at $.13
Genoil Inc. (the "Corporation") (TSX-V:GNO - News) (OTC.BB:GNOLF - News) is pleased to announce that it has a proposed private placement for up to $500,000 at $.13 by June 15, 2010 with an attached warrant at $.13. The Warrants are exercisable until 24 months following their issue date at a price of U.S. $0..13. The common shares and Warrants issued in connection with this offering are subject to a four-month hold period.
The securities to be issued by the Corporation have not and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or the securities laws of any state of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption therefrom under the 1933 Act and the securities laws of all applicable states.
Genoil is an international engineering technology development company based in Alberta, Canada, that develops innovative hydrocarbon, oil and water separation, and marine technologies for the oil and gas and commercial marine industries. Genoil's shares are listed on the TSX Venture Exchange under the symbol GNO, as well as on the OTC Bulletin Board under GNOLF.OB.
Company Overview
Genoil is a publicly traded Canadian engineering technology development company headquartered in Edmonton, Alberta, with corporate offices in Calgary and New York city. Genoil owns and operates a world class 10 bpd hydroconversion upgrader complete with independent water electrolysis unit for high purity hydrogen supply, hydrogen compressor, electrical substation, fired heater, low-pressure separator for vapour-liquid separation, and a PLC for automated operational control in Two Hills, Canada.
Engineering technology for the future, Genoil is tightly focused on the development and commercialization of three core technologies:
Engineering is the cornerstone of our business – our main strengths are in engineering and design of heavy oil upgrading facilities, petrochemical, oil sands, and refinery processes, oil and water separation, and chemical engineering.
Genoil Business Model
Genoil's business model is designed to maximize revenues from the commercialization of its three core technologies and generates revenue primarily from these three sources:
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Genoil Hydroconversion Upgrader
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Genoil Hydroconversion Upgrader (GHU)
Engineering and consulting revenues:
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Upfront/basic engineering: project design, procurement and implementation for upstream and downstream projects
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Schedule A engineering Project design, procurement and implementation for upstream and downstream projects
Technology licensing fees:
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Long term licensing agreements based on $ per flowing bpd
Production royalty revenues:
- Long term upfront licensing fee based on $ per flowing bbl
Merchant plant revenues (based on Genoil ownership of the plant with/without strategic partners):
- Profit on acquisition of cheap crude oil, upgrading and then selling upgraded crude oil
- Profit on acquisition of heavy oil reserves, upgrading and then selling upgraded crude oil
- Service agreement based on a toll fee for upgrading customer½s crude oil
Refinery Engineering:
Engineering and consulting revenues:
- Alliance with Stone & Webster
- Refinery retrofitting
- Upfront/basic engineering:project design, procurement and implementation for upstream and downstream projects
- Schedule A engineering
- ECM: Approximately 15% - 20% of total project cost
Oil / Water Separation
Expected near term sales income stream:
- Integrate with our sand decontamination unit
- Crystal SeaTM bilge water separator for commercial ships
- For contamination cleanup/ Oil spills
- Port services. Bilge cleaning within the port.
- Crystal Sea Separator for Oil Platforms
- Gasoline Diesel Service Stations/Car Washes
- Cement Factories
- Salt Mines
- Thermal Power Stations
- Sand-washing plants, recycling of condensed steam in oil batteries.
- Refineries.
Technology licensing fees:
- Long term licensing agreements based on $ per vessel ton.
Production royalty revenues:
- Long term upfront licensing fee based on $ per vessel traffic
- recoup the oil and sell the oil
Diamond Three Phase Separator Well Testing:
Genoil's long term goal is to own a vertically integrated GHU refinery that refines crude oil and bio fuels delivering finished petroleum products into the global market.
Genoil Crystal Oil/Water Spearation System
The Genoil Crystal 2-phase oily water separation system was developed to clean a water stream to discharge specifications. The Crystal 2-phase oily water treatment units are designed to separate the liquid phases in six stages located within a single vessel. Each stage is devised to remove oil particles of a certain size and renders the liquid cleaner for the next stage. This ensures greater effectiveness and manageable loads for each stage. Furthermore, it also precludes undue contamination and clogging of various stages by oil, resulting in trouble free-operation.
Main Features
- Unique six-stage design for enhanced efficiency and performance
- No limitations on oil particle size
- Handles emulsions and oils with very high densities
- Low downtime, maintenance and operating costs
- Compact design for portability and applications where space is at a premium
- Simple and reliable operation
- Versatility for a wide range of applications
- Quality service and assistance for specific applications
Applications:
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Sand-washing plants, recycling of condensed steam in oil batteries, refineries
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Oil platforms
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Thermal power stations
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Wastewater treatment plants
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Reclaiming emulsified oil in steel mills
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Bilge water separation aboard sea-going vessels
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Gasoline/Diesel service stations
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Cement factories
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Salt mines
Genoil Crystal oily-water separators utilize a patented, unique process for multi-stage separation of immiscible phases with different densities such as mineral or vegetal oils and water, animal fat and water etc. An innovative separation process combines gravitational and centrifugal forces with surface tension and vortex effects prior to the polishing stage. A highly effective polishing stage enhances performance and minimizes maintenance costs and downtime.
There are no limitations on oil particle size, and Crystal separators feature a method for braking down emulsions. Thus emulsified oil utilized in steel mill processes is reclaimed and recycled with considerable savings. Sludge and solids are collected at the bottom of the first stage, which, in some applications can be fitted with Genoil patented fluidizing devices to facilitate disposal.
Through superior efficiency and engineering the separators are compact and easy to install wherever space is at a premium.
Company Chart
The GNOLF stock chart has been drifting lower since the beginning of the year until just recently when the DeepHorizon Gulf Oil Spill happened. Since that time their stock price has bounced from $.115 to around $.21 as investors woke up and realized that the company has patented Oil/Water separation technology that patented is already approved for use by the US Coast Guard. Their oil/water separation techolology as well as their sand and soil decontamination technology is poised to play a major role in the clean up in what is shaping up to be the worst U.S. man-made natural disaster in the country's history.
As you can see from the stock chart there has been a major breakout above the 13 and 50 day moving averages as trading volume as had a major jump on upside trading volume.
The MACD and Stochastics indicators are both in a stong bullish position and we believe that the small pullback at the end of last week we more related to investors not wanting to hold shares over the long holiday weekend than it is a reversal of the strong upward bullish jump. If the company manages to secure a contract to privide more of their sand and soil decontamination units and Crystal 2-phase oily water separation systems, this stock could go much higher than it is currently.
We urge OTCPicks.com members to do their homework on GNOLF today and take a look at what could very well become one of the major microcap movers of 2010.
Other Recent GNOLF News:
May 24 - Gulf Of Mexico Oil Spill Cleanup Solutions By Genoil Progress Update
Genoil (TSX-V:GNO)(OTCBB:GNOLF) updates its shareholders on its sand decontamination & oil water separation technologies. In a recent press release Genoil discussed its sand and soil decontamination technology which works alongside the Genoil Crystal Sea Oil Water Separator. These technologies address all the oil spill contamination emergencies in the Gulf of Mexico including the beaches, and the Louisiana marshlands. The sand cleaner can be portable and built especially to operate using salt water which makes it much more profitable. This portability and adaptability enables it to do cleanup at the location much faster than a non-portable unit.
The Coast Guard & ABS (American Bureau of Shipping) approved Crystal Separator's reduces oil contaminated water to 2.5 parts per million in contamination versus the Kevin Costner's brother's Ocean Therapy water cleaner which is said to clean the water to 97% to 99% purity or 30,000 to 10,000 parts per million contamination. The Genoil Crystal Sea provides the most significant oil contamination solutions to the Gulf of Mexico oil spill disaster. Mr. Costner's technology has not been certified by the United States Coast Guard regulations as its purity levels for the discharge of water in the ports, lakes or rivers of the United States are very substantially above legal requirements while Genoil's Crystal Sea is US Coast Guard approved.
The sand cleaner of Genoil can return the Gulf of Mexico's contaminated shoreline to a purity worthy of the most picturesque beaches, marshlands and shorelines in the world.
BP has shown interest in Genoil's cleanup solutions and they are in discussions with Genoil regarding the disaster in the Gulf of Mexico. Genoil is also in discussions with United States authorities as its oil separation technologies are the most advanced in the world for the contaminated shorelines. While this crisis develops in the Gulf of Mexico, Genoil is in discussions in the Middle East regarding oil spills from the first Gulf War of 1991 for extensive oil contamination that covers an astounding 800 miles of beaches at a depth of six feet stemming from tactical military decisions of Saddam Hussein which created one of the greatest ecological disasters in history.
The Genoil Chief Executive Officer, David K. Lifschultz, has been working in the Middle East supervising this potential project as other green projects entailing environmental cleanups for the area's ports using its Crystal Sea Separators water purifier and sand cleaner.
Genoil has the leading environmental cleanup technologies, and is in the process of rolling them out over the entire world.
Genoil has previously reported the allowance by the United States patent office of a patent on its sand decontaminating unit which has now been granted as a full patent, and has also just been allowed a second patent for this sand decontaminating unit. Its Crystal Sea water purifier is also patented in the United States. The Crystal Sea is the most advanced, state of the art water purifier and its costs are 75% below its nearest competition. Also, the Crystal Sea combined with our sand/soil decontamination unit offers a total solution to the monumental Gulf of Mexico cleanup problems.
Genoil Inc.
120 – 2833 Broadmoor Blvd.
Sherwood Park, Alberta T8H 2A3
Canada
Phone: 780-416-5590
or, 914-393-5800
Website:
http://www.genoil.net/
