MCW Energy Group: Share rise by 43% in the first trading month
Trading Volume between 55,000 and 120,000 shares per day in the first month - The highest share price amounts to 0.73 Euro - Modern technology extracts more than 90% of the oil from the mined material without residue - Over 99% of the solvent is recycled - Most of the used heat also recyclable.
- (1888PressRelease) April 14, 2011 - Shediac, NB, Canada / Frankfurt, Germany - MCW Energy Group, which is listed on the Open Market of the Frankfurt Stock Exchange (ISIN: CA55278G1037), started with trading on 1 March 2011. The highest share price amounts to 0.73 Euro within the first month listed on the Stock Exchange. MCW Energy Group is a Canadian holding company with two principal portfolio companies, a fuel distributor based in Southern California, and a break-through oil sand recovery venture with operations in Utah.
The price per share started with 0.51 EUR at the beginning of trading. The largest daily turnover occurred in the middle of March and amounted to 80,400 EUR (120,000 shares). The daily turnover in shares was between 55,000 and 120,000. Commenting on this admission David Sutton, CEO of MCW Energy Group, says: "With the listing in Frankfurt investors have the opportunity to participate in our company. Through this, we will get the necessary resources to drive our oil production business forward."
MCW's primary growth opportunity is to commercialize a new-to-market, technology to extract oil from U.S. oil sands using an environmentally-friendly process. Success with Utah oil sands would effectively launch MCW as a player in unconventional oil resources. In 2010, MCW gained the rights to commercialize a environmentally-friendly technology that is uniquely appropriate for Utah oil sands.
High rates of economic growth in China and India are likely to sustain increasing global oil prices. The MCW Energy Group strategic objective is to ensure dynamic sustainable development corresponding to that of global oil majors in terms of their efficiency and competitiveness. "We work with a system which is able to extract over 90 % of the oil from the mined material, leaving the remaining sand virtually free of residue and is able to be returned to the earth in a pure form", states Sutton. "Notably, over 99% of the solvent is recycled and most of the used heat is also recyclable", says Aleksandr Blumkin, COO of MCW Energy Group.
Background information about MCW Energy Group:
MCW Energy Group ("MCW") is a Canadian holding company with two principal portfolio companies, a fuel distributor based in Southern California, and a break-through oil sand recovery venture with operations in Utah. MCW's oil sand recovery technology, which stands alone in the industry with respect to environmental safety and efficiency, has the potential to open vast U.S. oil sand reserves to production. MCW expects rapid growth, both from sales of crude oil recovered from Utah oil sands under lease, and through improved competitive positioning in its core fuel distribution business. For more information visit: mcwenergygroup.com
Press Contact:
MCW Energy Group
David Sutton
CEO MCW Energy Group
334 Main St., Suite 101
Shediac, NB, E4P2E5 Canada
Tel.: 001 (800) 979-1897
FAX: 001 (866) 571-9615
Email: info ( @ ) mcwenergygroup dot com
fr financial relations gmbh
Jörn Gleisner
Senior Consultant Investor and Public Relations
Tel.: 0049 (0)69 95 90 83 0
Fax: 0049 (0)69 95 90 83 99
Email: j.gleisner ( @ ) financial-relations dot de
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam