Found this on OKOK:
About Oklahoma Energy Update coming SOON!
The Company's properties consist of 104 acres located in Cyril, Oklahoma on which is located an oil
refinery capable of producing up to 5,000 barrels of oil per day. The refinery includes tanks to store crude
oil and related products, an office building, a lunch and changing facility, a test lab and computer
facility, a warehouse and shop and a truck loading facility.
The Company is now pursuing financing which will enable it to renew its financing arrangements
and allow it to start up operations of the Cyril Refinery again.
Management expects to commence as soon as feasible storage for crude oil for the Federal government
and others in the existing tank farm, utilizing the nearby Enron facilities/pipelines. The next phase
is the start-up of the refinery and distribution of the hydrogen. Management intends to engage in the
manufacture and distribution of mobile fuel cells for automobiles, trucks and buses.
The primary function of the refinery will be to concentrate on the development of alternative
fuel resources, particularly hydrogen. Management believes the railroad at site is cable of the
efficient distribution of hydrogen fuel cells for stationary power systems for commercial and
residential uses. The EPA process and the development of the hydrogen technology are expected to
extend over a period of 4-7 years.
Hydrogen is an abundant natural pollution-free alternative fuel that is anticipated to power energy needs
for the 21st century. The unique centralized location of the Oklahoma refinery is ideally located to
serve North American demand for hydrogen energy and to be a nucleus in the evolving market place for
alternative fuels. The logistical position of the improved refinery is capable of assisting the embryonic
trend to environmentally safer, less expensive energy resources. Although, there are vastly larger energy
companies that have infinite financial resources to advance into the alternative fuel market. Management
intends to maintain the current status quo as it aggressively seeks the fulfillment of its strategic goals.
The Company expects by June 2000 to conclude its negotiations with Region Six of the Environmental
Protection Agency and the State of Oklahoma. Management intends to obtain the requisite permits from
the necessary government agencies to reconstruct and reactivate the existing refinery after the
clean-up in compliance with EPA requirements.
President and Chief Executive Officer
Jan Schutze became President in April 2000. Mr. Schutze is a geologist, specializing in
environmental management.
Contact Number:
Outstanding Shares: 47,530,755
Estimated Float:
source: Filings with the SEC by OKOK |
