NGV Investor
Oil & gas, small-cap, long-term horizon

Hexagon Composites - Greater Upside And Reduced Uncertainty After Announcing New LPG Cylinder Orders

On April 22 and April 23, Hexagon Composites (OTC:HXGCF) announced two substantial orders for composite LPG cylinders. You can find the April 22 release here and the April 23 release here. Please note that the release issued on April 22 stated that the order value is USD 12.7 million. This was a typo, and was later corrected to EUR 12.7 million.

I have summarized the two releases below:

April 22

    One of the largest orders ever received by Hexagon Ragasco. Order value of NOK 104 million, or approx. $17.3 million. The customer is WOQOD, the Qatari fuel distribution company, which has exclusive rights to distribute various fuels in Qatar. WOQOD has been a long-standing customer of ...
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