PGI Energy Inc. Stock Analysis PGIE

PGI Energy, Inc. is an energy holding company. The company is headquartered in Houston, Texas. The company went IPO on 2001-06-21. The Company’s purpose is to acquire assets in the producing oil and gas assets, refinery and pipeline sectors of the energy industry and other synergistic assets. The firm developed a joint venture partnership entity called PGI Green E & P, which focuses upon deploying the use of bio refinery equipment to produce green fuels and by products. The firm has identified and evaluated potential targets for acquisition of oil and gas assets on-shore and off-shore in state waters in Louisiana Gulf Coast, which includes 60 oil wells and six injection wells, of which 33 are active and an eight mile transport pipeline with pump and metering facilities. The firm has identified a 5,500 barrels per day atmospheric refinery in Somerset Kentucky.