CBBV More Exciting News to Drive Prices Higher
Dear Fellow Traders For the second time in as many days CBBV has announced a major contract to develop more Associated Petroleum Gas (APG) processing plants.
At 4 p.m. today Caribbean Villa Catering/ Globotek (OTCBB: CBBV) announced a deal with Energy Network Limited (ENL) to build one APG processing plant every year for the next 10 years in Nigeria.
According to the press release the contract could generate revenues of $10 million a year, and total revenues, over the life-span of the contract, of about $100 million.
ENL, a British Isles based energy investment enterprise, has diverse global energy interests in the hydrocarbon sector.
This latest deal follows an announcement on Wednesday when the Russian Government contracted CBBV to build 14 APG plants between now and 2011.
These two announcements are examples of how rapidly CBBV is growing and we think there is potential for further expansion around the globe.
We saw a strong jump higher this morning in CBBV, following the announcement of the Russian contract and we are expecting a similar move Friday morning. The stable revenues should also help to maintain any increase in the stocks price.
Associated Petroleum Gas is a by-product of crude oil extraction. Most oil companies currently just flare the gas, which contributes about 400 million tons of greenhouse gas emissions. Globotek has developed unique technology to be able to process the AGP at the drilling field.
You can read the full press release at: http://ca.us.biz.yahoo.com/iw/100304/0593405.html.v=1 Have a Great Evening Francis ******************
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