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Last C$0.43 CAD
Change Today -0.075 / -15.00%
Volume 52.0K
As of 3:58 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

mcw energy group ltd (MCW) Snapshot

Previous Close
Day High
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52 Week High
11/24/14 - C$1.70
52 Week Low
07/31/15 - C$0.43
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Current Stock Chart for MCW ENERGY GROUP LTD (MCW)

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mcw energy group ltd (MCW) Details

MCW Energy Group Limited, through its subsidiaries, distributes oil and diesel products in western United States. The company operates in two segments, Fuel Distribution and Oil Extraction from Tar Sands. The Fuel Distribution segment is engaged in the marketing and sale of unleaded and diesel land fuel products, and related services in southern California. It distributes gasoline and diesel fuels, including branded and unbranded fuel to service stations, as well as provides branding services. The Oil Extraction from Tar Sands segment is involved in the tar sands mining and oil processing activities using a closed-loop solvent based extraction system that recovers bitumen from surface mining. The company has a working interest in an oil sands lease that covers an area of 1,128 acres and is located in the Asphalt Ridge, Uinta Basin, Utah. Its oil sands lease has a proven/probable resource of approximately 50 million barrels of oil. The company was formerly known as MCW Enterprises Ltd. and changed its name to MCW Energy Group Limited in December 2012. The company is headquartered in Toronto, Canada.

mcw energy group ltd (MCW) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $240.0K
Executive Chairman
Total Annual Compensation: $338.4K
Chief Financial Officer
Total Annual Compensation: $7.5K
Chief Technology Officer
Total Annual Compensation: $120.0K
Compensation as of Fiscal Year 2014.

mcw energy group ltd (MCW) Key Developments

MCW Energy Group Limited Presents at 5th LD Micro Invitational Conference, Jun-03-2015 08:30 AM

MCW Energy Group Limited Presents at 5th LD Micro Invitational Conference, Jun-03-2015 08:30 AM. Venue: Luxe Sunset Boulevard Hotel, 11461 Sunset Blvd, Los Angeles, CA 90049, United States.

MCW Energy Group Limited Announces Board Changes

MCW Energy Group Limited announced that Robert Dennewald has joined the board of directors of the company to replace Igor Sosnovskiy who has resigned to focus on other business responsibilities. Mr. Dennewald has been the Chairman of Business Federation Luxembourg (FEDIL) since 2006 and is a Vice-President of the Luxembourg Chamber of Commerce. He is also a member of the board of directors of the Jean-Pierre Pescatore Charity Foundation. He is a director of ING Luxembourg S.A. and of Redline Capital Partners.

MCW Energy Group Limited Executes Loan Agreement with Private Arm's Length Lender

MCW Energy Group Limited has executed a loan agreement with a private arm's length lender. Pursuant to the loan agreement the lender has advanced $2 million to MCW at a rate of 6% per annum, payable on maturity on February 9, 2015. The use of proceeds for this loan requires MCW to use the funds to complete the necessary work to commence commercial operation of its oil sands extraction plant in Asphalt Ridge, Utah.


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