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BOCL

BCOL Today's Low Float Energy Momentum Play

 

 

Company:          Global Nutech Inc.

Symbol:            BOCL.ob

Current PPS:      $.205

Outstanding Shares: 38.2M

Float: 714K Low Float Big Gain Potential

10 Day Average Volume: 32.6K

Website: www.globalnutechinc.com

About the Company:

Global NuTech (BOCL) is a Houston, TX based company who through their recent acquisition International Plant Services, LLC (IPS) provides management and construction services to the world's largest and best known energy companies in the refinery, chemical, mining and power industries.

The recent IPS acquisition goes hand in hand with BOCL's business plan that focuses on vertical integration throughout the energy markets.

Since their founding in 2003 IPS has executed projects for energy giants Exxon Mobil, Conoco Phillips, Chevron, and Valero.

They are well known throughout the energy markets for their ability to provide professional, experienced and well trained teams to maximize the ability of their customers to complete major projects safely, on time and most importantly on budget.

With ten years of industry experience they have vertically integrated their service offering into other energy market segments, including wellhead services, oil and gas production, and professional consulting services both domestically and internationally to better serve the needs of their customers.

BOCL's commitment to growth in the energy markets has been quite apparent in the past month.

BOCL has been and acquisition monster in 2012!!!

In addition to their acquisition of IPS just last week BOCL signed an LOI (Letter of Intent) to acquire Texas Gulf Oil & Gas, Inc, located in Houston, Texas.

The primary assets of Texas Gulf include leases, options and interests in 19 oil wells throughout the Austin Chalk near Luling, Texas, as well as options on wells to be drilled or re-entered in three leases identified as the Tilmon, Lay, and Rodenberg.

Texas Gulf Oil & Gas, Inc also will provide well services to other companies and individual oil well owners.

BOCL's low float has this stock moving big time on above average volume.

Looking at the chart below you will see that BOCL's PPS jumped over 145.45% on a heavy volume trading day brought on by the announcement of the completion of acquisition of International Plant Services, LLC (IPS).

With BOCL's recent LOI to acquire Texas Gulf Oil and Gas Inc. it is only a matter of time before the acquisition is finalized.

PennyStockLocks has heard a rumor that the acquisition will be finalized very shortly which could lead to a similar jump in PPS like we saw on January 10th.

Traders who pick up shares now at what we feel is a great entry point of $.205 put themselves in the position to maximize potential gains while minimizing risk.

The technical indicators look to be trending positive and the experts at barchart.com have already given BOCL their highest confidence rating listing it as a "STRONG BUY" for traders!!!

http://barchart.com/quotes/stocks/BOCL

We are urging all members to put BOCL on their radar ASAP and to be ready to pick up shares early tomorrow at 9:30am EST

As always remember to follow PennyStockLocks on Facebook and Twitter for the latest news and updates on BOCL and check your inbox early tomorrow for PSL's full in depth profile on BOCL.

Global NuTech Signs LOI to Acquire Texas Gulf Oil and Gas, Inc
10:20a ET January 19, 2012 (PR NewsWire)

Global NuTech, Inc. (OTCQX: BOCL) (www.iplantsrv.com) announced today that the company has signed a letter of intent to acquire Texas Gulf Oil & Gas, Inc, located in Houston, Texas. The primary assets of Texas Gulf include leases, options and interests in 19 oil wells throughout the Austin Chalk near Luling, Texas, as well as options on wells to be drilled or re-entered in three leases identified as the Tilmon, Lay, and Rodenberg. Texas Gulf Oil & Gas, Inc also will provide well services to other companies and individual oil well owners. The non-binding LOI calls for the acquisition from private equity firm Corporate Strategies Merchant Bankers to be completed on or before January 31, 2012. The President of Texas Gulf Oil & Gas is Damon Wagley, whose family founded internationally known, Texas-based Wagley Oil & Gas in 1952.

Damon Wagley commented, "Texas Gulf is a swiftly growing independent exploration, production and services company, and with the backing and resources provided by Global NuTech, we can expand our services and capabilities in upstream oil and gas rapidly in 2012. It is an honor to be President of the company at this exciting time."

David Mathews, CEO of Global NuTech, added, "As we pursue our business plan of vertical integration throughout the energy markets, Texas Gulf provides us with the platform of talent, experience, and oil field relationships to help us accomplish our goals more quickly in 2012. We are looking forward to helping Damon and his team become a successful exploration, production and services company in both Texas and other markets as the opportunities present themselves. The Wagley family history in Texas as well as the North Sea and other international markets brings a unique background to help us expand internationally as well as domestically."


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