Detail akcie PGI Energy online

Business Summary: PGI Energy, Inc., formerly Tensas, Inc., is focused on establishing an energy holding company. The Company’s purpose is to acquire assets in the producing oil and gas assets, refinery and pipeline sectors of the energy industry and other synergistic assets. The Company developed a joint venture partnership entity called PGI Green E & P, which focuses upon deploying the use of bio refinery equipment to produce green fuels and by products. The Company has identified and evaluated potential targets for acquisition of oil and gas assets on-shore and off-shore in state waters in Louisiana Gulf Coast, which includes 60 oil wells and six injection wells, of which 33 are active and an eight mile transport pipeline with pump and metering facilities. The Company has identified a 5,500 barrels per day atmospheric refinery in Somerset Kentucky.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2011, PGI Energy Inc revenues increased from $0K to $27K. Net loss increased from $569K to $6.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Stock Compensation increase from $29K to $9M (expense).