July 27, 2011
Hudson Lists on Frankfurt Stock Exchange
TORONTO, July 27, 2011 /PRNewswire/ - Hudson Oil Corporation Ltd. (H8D: FSE)
today announced that it has listed its common shares on the Frankfurt
Stock Exchange, under the ticker symbol H8D, effective July 26, 2011.
Hudson is a Canadian company focused on the acquisition of under-valued
energy assets and the execution of business strategies to maximize
their value. Efforts are presently directed at downstream energy
opportunities in Eastern Europe. Currently, the Company's principal
asset is the Glimar refinery complex in southern Poland, which is
equipped with unique and industry-leading technology.
hydro-processing' technology licensed from Chevron Lummus Global and
installed by Lurgi GmbH. These isocracking, isodewaxing and
hydrofinishing units were installed in 2000. In addition, the refinery
has zeoforming technology licensed from Novosibirsk
Scientific-Engineering ZEOSIT Centre and installed in 1997. These
technologies enable production of high quality lubricant base oils and
high-octane, lead-free gasolines.
Hudson is in the process of developing and executing its restart plan
for the Glimar complex, which it anticipates completing in the next 10
months. "This is an exciting day for Hudson and for the Polish energy
sector. We look forward to restarting production using the leading edge
technology at the Glimar complex," said Stefan Garus, President and
Chief Executive Officer of Hudson.
Some of the statements contained in this release are forward-looking
statements, such as statements that describe the Company's future
plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to occur.
Since forward-looking statements address future events and conditions,
by their very nature, they involve inherent risks and uncertainties.
While these forward-looking statements, and any assumptions upon which
they are based, are made in good faith and reflect the Company's
current judgment regarding the direction of the Company's business,
actual results will almost always vary, sometimes materially, from any
estimates, predictions, projections, assumptions or other future
performance suggestions herein. Except as required by applicable law,
Hudson Oil Corporation Ltd. does not intend to update any
forward-looking statements to conform these statements to actual
SOURCE Hudson Oil Corporation Ltd.