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