Philippines Royal Oil & Alternative Energy Co., Inc. Commences Market/Feasibility Study on Biofuels Market.As Phil Oil Awaits the Results of Extensive Laboratory Tests on Crude Oil Samples Taken From First Oil Prospect in Southern Philippines; Phil Oil Provides an Update on PGMC PGMC Primary Glass Manufacturers Council 100 to 1 Forward Split and Stock Dividend Issuance to Pearl Asian Mining Industries, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :PAIM PAIM Product Assurance Integration Manager PAIM Process, Architecture & Information Management PAIM Proactive Identification Model PAIM Pentathlon Aeronautique International Militaire ) MANILA, Philippines -- Philippines Royal Oil & Alternative Energy Co., Inc. (CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No.: 718291107, ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. No.: US7182911070), or Phil Oil, has commenced an internal company market study on the bioethanol and biodiesel market. A market/feasibility study is crucial in determining the production capacities required to compete in the fast-growing biofuels market. President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Gary Gotanco states, "I have formed a three-man team composed of technical and financial professionals to prepare a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. on the biofuels market, for completion in about two months. With this study, we shall map the future of Phil Oil, in terms of determining which biofuel bi·o·fuel n. Fuel such as methane produced from renewable resources, especially plant biomass and treated municipal and industrial wastes. bi to focus on initially, the optimal production capacity, initial evaluation of technology options, and capital expenditures expected. Raw data obtained so far seem to indicate that for bioethanol, for instance, the minimum economically feasible plant capacity is 100,000 metric tons of bioethanol per year, but we hope to verify this with our study. In addition, our planned use of sugarcane feedstock seems to bode well, as we have gleaned in consultations with informed sources that sugarcane is one of the most, if not the, preferred feedstock for bioethanol production, due to its high sugar content. In comparison, for other feedstocks such as grains, starch needs to be converted to sugar before alcohol can be produced, a production step that requires use of energy to cook the feedstock, and use of expensive enzymes. Bottom line, use of sugarcane will be less expensive and more efficient." Meanwhile, Phil Oil has submitted crude oil samples obtained from its first oil/natural gas prospect in southern Philippines to the Philippine Department The Philippine Department (Philippine Garrison -- The Battling Bastards of Bataan) was a regular US Army unit, defeated in the Philippines, during World War II. The mission of the Philippine Department was to defend the Philippine Islands and train the Philippine Army. of Energy Analytical Laboratory for analysis. The tests will indicate the quality of the crude oil: the proportion of gasoline, diesel, and other fuel products that can be extracted from it. Once found to be of satisfactory quality, Phil Oil will then plan extensive geological, geochemical, geophysical, and seismic survey tests to determine the extent of oil deposits in the area. Last but not least, Phil Oil provides an update on the 100 to 1 forward split of Philippines Royal Oil & Alternative Energy Co., Inc. (OTC:PGMC)(New Stock Symbol pending NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on advise), and the stock dividend issuance of PGMC common shares to Pearl Asian Mining Industries (OTC:PAIM) shareholders. President/CEO Gotanco is closely coordinating with NASDAQ to obtain an exchange date for the forward split, and is also working to attain a payment date for the stock dividend issuance of PGMC common shares to PAIM shareholders. The record date for the 100 to 1 forward split of PGMC is February 18, 2006. On the other hand, the record date for the stock dividend issuance of 1 PGMC share for every 100 PAIM shares has been revised to February 26, 2007. "Once all documentation is processed, we are hopeful that the new stock symbol, the exchange date for the 100 to 1 PGMC forward split, and the payment date for the stock dividend issuance will be given to us by NASDAQ within a few more days," President/CEO Gotanco added. For further information on Phil Oil, please check out our website: www.philippinesroyaloil.com FORWARD-LOOKING STATEMENTS: Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks Inexpensive issues of stock, typically selling at less than $1 a share, in companies that often are newly formed or involved in highly speculative ventures. Penny stocks are usually available for sale over-the-counter, that is, among brokers and customers themselves, as are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. SOURCE: Philippines Royal Oil & Alternative Energy Co., Inc. (Formerly Philippines Gold Mining Corp.) |
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