Markets

Canadian Oil Recovery Reports Status of Pilot Project with KOC

Canadian Oil Recovery and Remediation Enterprises Ltd. (CVR.V) has completed the requirements of the satellite detection pilot project, conducted with EcoTecnos, by delivering its geo-sensing final report to the Kuwait Oil Company.

The report defines and quantifies each type of oily sludge and slop oil in a pit chosen by KOC. The report further provides a 2-D image of the pit with specific colors each depicting a type of oily sludge ranging from light to intermediate and heavy as well as a legend denoting the quantity of each type of oily sludge depicted.

CVR is trading at $0.135, slightly above 52-week low 11 cents.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

MTNewswires

Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

Learn More