SSHO.PK , CVX : A Few Companies To Watch From The PennyToBuck.com

July 19, 2010 - PRLog -- This company may be set to give off capital gains!

If we look at SSHO’s price history over the last year SSHO share prices touched the lowest at $0.03 where it went as high as $0.44. The current level of their share price seems to have considerable margin for capital gain.

As per its latest financial statements ending March 31st, 2010 the company didn’t realized any revenue as it is in the development stage and booked the net loss for the quarter.

Total assets accumulated up to $0.01 million which only contribution from fixed intangible assets.

Total liabilities for SSHO stand at $1.37 million which are on the high side as compared to total assets but accrued expenses have the major contribution in total liabilities which have not been realized yet.

South Shore Resources Inc. specializes in marketing of oil and gas refining technology.

South Shore has also been manufacturing and marketing of membrane separation technology patent rights of which are owned by Canada based Mempore Corporation. The respective technology is used for converting heavy crude oil into light crude oil.

The company markets Mempore membrane separation technology through an exclusive license agreement.

Perhaps this technology could in some way be of help to BP!

The company also made an entry into gaming industry with game called Trivia Bingo and has also launched a website for its game allowing a user to play Trivia Bingo online.

About SSHO

South Shore Resources is a company engaged in the development of products which are committed to the reduction of harmful greenhouse gases and fuel savings with use of Hydrogen Generating Modules and related accessories to the transportation and automotive industries which are either in development and/or the commercialization stages.

South Shore Resources Website



Chevron Corporation  announced that its Australian subsidiaries signed a Heads of Agreement (HOA) with Korea Gas Corporation (KOGAS) for the delivery of liquefied natural gas (LNG) from the Chevron-operated Wheatstone natural gas project in Australia.

Under the HOA, KOGAS expects to purchase 1.5 million tons per annum (MTPA) of LNG for up to 20 years from the Wheatstone project participants. Approximately 75 percent of the 1.5 MTPA is expected to be purchased from Chevron, with the remainder from other Wheatstone hub participants.

In addition to being a foundation customer of the Wheatstone project, KOGAS signed an equity HOA to acquire a 5 percent interest in each of Chevron’s Wheatstone field licenses and in the Wheatstone project LNG and domestic gas processing facilities. Including this equity participation, KOGAS plans to take delivery of a total of approximately 1.95 MTPA of LNG from the Wheatstone project.

CVX Australia managing director, Roy Krzywosinski, said the agreement demonstrated successful coordinated LNG marketing for the Wheatstone foundation project. “The Wheatstone hub at Ashburton North has been established to process our significant equity gas as well as third-party natural gas resources located in the Western Carnarvon Basin,” Krzywosinski said.

Chevron Corporation  operates as an integrated energy company worldwide. The companys petroleum operations include the exploration, development, production, and marketing of crude oil and natural gas; refining, marketing, and transportation operations comprise refining crude oil and converting natural gas into finished petroleum products; marketing crude oil and products derived from petroleum; and transporting crude oil, natural gas, and petroleum products by pipeline, marine vessel, motor equipment, and rail car.

Chevron Corp Website

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