FluidOil completes the acquisition of Ivanhoe Energy
FluidOil has completed the acquisition of the intellectual
property of Canada-based Ivanhoe Energy Inc.
The acquisition includes
Ivanhoe Energy’s irrevocable licence to its HTL heavy oil upgrading technology.
HTL will be incorporated into FluidOil’s
existing Viscositor technology to create
a fully patented, enhanced, heavy oil upgrading solution, to be called Viscositor HTL
Company forms a Joint Venture with Canadian Oil Services Business to deploy its Viscositor(TM) Technology
FluidOil Limited enters into a joint venture partnership with Canadian Red Giant Energy Group Limited. The joint venture will conduct business under the name Red Giant Fluid (RGF) in order to commercialize FluidOil’s Viscositor technology in Canada. The newly formed company will focus on processing heavy crude oil from Alberta, Canada where it can improve the economics of heavy oil production while still reducing the environmental impact within the province.
strengthens the management team at FluidOil Limited
Malone’s recent appointment as Chairman and Director of Fluid Oil Ltd brings
executive and investment expertise to this emerging oil technology
enterprise. With the company’s recent relocation to the Thames Enterprise
Park, Gerald will begin fleshing out the strategic objectives for Fluid Oil Ltd
with the goal of a market listing in three to five years.