posted
Gulf Petroleum GFPE Forms Omega Energy, LLC to Market Desulfurization Process Tuesday May 2, 4:10 pm ET
CARENCRO, La.--(BUSINESS WIRE)--May 2, 2006--Gulf Petroleum Exchange, Inc. (Pink Sheets: GFPE - News) announced today that together with Jeanblanc International Inc. they formed Omega Energy, LLC as an equally owned entity for constructing and operating proprietary desulfurizing units. Gulf Petroleum will also be the managing entity for all operations.
ADVERTISEMENT Omega Energy, LLC, is currently setting up a portable desulfurization demonstration unit this first week of May 2006, within a Gulf Coast refinery that is refining 1,000,000 barrels of oil per month. On average, the desulfurizing unit operating at that capacity will increase the refinery's margins by at least $6.00 per barrel, thereby increasing the bottom line upwards of $72,000,000.00 per year; Omega Energy will share in those profits.
The USA and Europe are tightening limits on the sulfur content of gasoline at the same time the crude oil coming out of the ground is becoming increasingly "sour," or sulfurous. Current desulfurization technology requires a vast array of catalysts, high operating pressure and the generation of hydrogen, and it uses enormous quantities of fuel and some very expensive equipment. Using current technology, a medium-sized desulfurization system will cost upwards of $100,000,000.00 and take one year or more to construct and will not extract all of the sulfur compounds. The cost of constructing the comparable Omega Desulfurization equipment is about $5,000,000.00.
Jim Jeanblanc, President of Jeanblanc International, Inc., stated: "The cost of material and management of our process is exponentially less expensive than the traditional process. We are looking forward to changing the face of the industry."
Skip Wheeler President of Gulf Petroleum Exchange, Inc., states: "We expect a successful implementation of our demo unit and look forward to installing a permanent one at this facility. Once up and running we intend on marketing this process to refineries throughout the world."
About Jeanblanc International:
Jeanblanc International, Inc. is an 18-year-old privately held corporation that has developed a new and innovative patent-pending process that economically and dramatically reduces the sulfur from crude oil, heavy fuel oil and refined products
About Gulf Petroleum Exchange:
Gulf Petroleum Exchange, a multi-faceted energy company, combines the experience of its people with the strength of its strategic alliances to create profitable projects within three aspects of energy enhancement: oil and gas production, the removal of sulfur compounds from hydrocarbon based fuels, and sales of the resultant products.
Forward-Looking Statements:
Based on current expectations and assumptions, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical experience and projections. Such forward-looking statements are inherently uncertain, and actual results may differ from those expressed or implied. Consequently, readers should not place undue reliance on any forward-looking statements
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posted
Looks like good news. Here is a bit of news from March. With .90 projected target and todays news this could grow wings.
StockTargets Inc.: Investor targets increase on Gulf Petroleum Exchange stock (Pink Sheets: GFPE) following a recent analyst recommendation
M2 Communications via COMTEX
Mar 22, 2006 12:33:46 PM
Mar 22, 2006 (M2 PRESSWIRE via COMTEX) --
Geneva, Switzerland, and Dover, Delaware, USA -- StockTargets, Inc., a private Swiss company and an innovator in investor sentiment tracking on listed stocks, measured a firm shift in investor targets over the past 2 days on Gulf Petroleum Exchange (Pink Sheets: GFPE), following a new recommendation.
Investor sentiment and forecast shows a substantial increase, and remains resolutely positive on the stock's prospects, following the latest news and a revaluation of the company by TTS Zurich (http://www.ttszurich.com).
Investors now forecast the stock rising to approximately US$ 0.56 during the next 12 months. The StockTargets consensus 12 months target was US$ 0.34 recently.
Based upon their recommendation, the share price has recently moved from US$ 0.21 to US$ 0.245. The 12 months target by TTS Zurich for the stock is US$ 0.90.
-------------------- It's only money..We'll make more tomorrow!
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posted
Not bashing just figure I'd post. This info doesn't take into account the after- hours PR
GFPE - GULF PETE EXCHANGE (OTC) Date Open High Low Last Change Volume % Change 05/02/06 0.2000 0.2200 0.2000 0.2000 -0.0100 119900 -4.76%
Composite Indicator -- Signal -- -- Strength -- -- Direction -- Trend Spotter (TM) Sell Average Strengthening
Short Term Indicators 7 Day Average Directional Indicator Sell Minimum Weakening 10 - 8 Day Moving Average Hilo Channel Sell Minimum Weakening 20 Day Moving Average vs Price Sell Minimum Strongest 20 - 50 Day MACD Oscillator Sell Average Strongest 20 Day Bollinger Bands Sell Minimum Weakening
Short Term Indicators Average: 100% - Sell
Medium Term Indicators 40 Day Commodity Channel Index Sell Weak Weakening 50 Day Moving Average vs Price Sell Weak Strongest 20 - 100 Day MACD Oscillator Sell Minimum Strongest 50 Day Parabolic Time/Price Sell Weak Strongest
Medium Term Indicators Average: 100% - Sell
Long Term Indicators 60 Day Commodity Channel Index Sell Weak Strongest 100 Day Moving Average vs Price Sell Weak Strongest 50 - 100 Day MACD Oscillator Buy Weak Weakest
Long Term Indicators Average: 33% - Sell
Overall Average: 88% - Sell
-------------------- The difference between genius and stupidity is that genius has its limits
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posted
Just posted the PR on several penny boards on ihub... should see some action... yeah that barchart info should change after tomorrow, we will see.
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quote:Originally posted by TheCreator: Just posted the PR on several penny boards on ihub... should see some action... yeah that barchart info should change after tomorrow, we will see.
I agree the info I posted can change at any minute. I think this looks good also just like to get as much info as possible. Good Luck
-------------------- The difference between genius and stupidity is that genius has its limits
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