Gulf Petroleum GFPE enters exclusive option to purchase Bodin Oil
  by: OilOnline
  Tuesday, September 12, 2006

Gulf Petroleum Exchange, Inc. has announced that, subject to further due diligence, it has signed and entered an exclusive option agreement to purchase Bodin Oil Recovery, Inc., a 30-year-old south central Louisiana waste oil recovery and industrial fuel oil company. Included in the acquisition are Bodin Oil Recovery, Action Oil Recovery, LA Filter Recycling, approximately 13 acres of land, fully equipped processing plants & offices, and a fleet of tanker trucks.

This acquisition will enable Gulf Petroleum Exchange to build a stronger infrastructure that will ensure their ability to mass-produce and re-produce their products while slashing operating expenses.