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Uptick Newswire “Stock Day” Interviews CEO of Genoil Updating Listeners on the Yakutia and Aramco Projects(January 10, 2018)
PHOENIX, Jan. 10, 2018 (GLOBE NEWSWIRE) -- Uptick Newswire is the sole producer of the Uptick Network “Stock Day” Podcast that updates investors and shareholders on the micro-cap sector of the market. Since the inception of “Stock Day” in January 2016 CEO and host Everett Jolly has interviewed over 600 CEO’s within the micro-cap publicly traded sector of the market, bringing transparency and a connection to the investor community.
Mr. Jolly welcomed back David Lifschultz, CEO of Genoil Inc. (OTCQB:GNOLF) (the “Company”), who kicked off the interview by discussing the $35 billion oil field project in Yakutia, Russia, whose total reserves are over 7 billion barrels. The first part of this project will consist in developing 240 thousand barrels a day of production.
“How are you going to come up with the money to start the project and get it off the ground?” Touching on the $50 billion Aramco Project, Mr. Lifschultz believes this project will move on the fast track based on rising oil prices and the Aramco IPO. The total production on the Aramco project will be 3.5 million barrels a day. The financing will come from Chinese banks and a $5 billion LOI has already been issued.
Also Mr. Lifschultz elaborated on the new sulfur regulations on ocean shipping companies of 5,000 parts per million maximum which will become effective January 1st, 2020. This presents a market of 9 million barrels a day of bunker fuel that can be desulfurized by Genoil.
Listen to this detained interview by clicking here or the following link: https://upticknewswire.com/featured-interview-ceo-david-lifschultz-of-genoil-inc-otcqb-gnolf-2
About Uptick Newswire and the “Stock Day Podcast”
Uptick Newswire is a private company reaching out to the masses keeping investors and shareholders up to date on company news and bringing transparency to the undervalued, undersold, micro-cap stocks of the market and is the sole producer of the Uptick Network “Stock Day” Podcast. The Uptick Network “Stock Day” Podcast is an extension of Uptick Newswire and has recently launched the Video Interview Studio located in Phoenix, Arizona with its new host, Kathryn Donnelly.
Investors Hangout is a proud sponsor of “Stock Day.” Uptick Newswire encourages listeners to visit Genoil’s message board on: https://investorshangout.com/Genoil-Inc-GNOLF-62243/
About Genoil Inc.:
Genoil is a publicly quoted clean technology engineering company for the petroleum industries. Genoil is headquartered in New York City. Genoil has developed its proprietary technology, the Hydroconversion Upgrader (GHU), which converts heavy crude oils and refinery bottoms into clean burning fuels for transportation industries including shipping. The GHU can be placed in remote locations, including receiving terminals, pipelines, and ports. The company operates one of the largest and most advanced pilot & design test facilities in the world, from its 147-acre site.
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand, and the company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential risk factors that could affect the company's financial results can be found in the company's Reports filed with the Securities and Exchange Commission.