http://www.voyagerpetroleum.com
Voyager Petroleum Inc. is a publicly listed mid-market oil processing and distribution company involved in processing and distributing lubricant oil to the $11 billion U.S. market. The Company provides privately labeled and wholesale recycled lubricant oil to the automotive and manufacturing markets. Management's goal is to deliver high quality products at an affordable price to its customers. Voyager's strategy is to build shareholder value through acquisitions and growth. The Company seeks target companies that might save costs or generate greater revenue from increased capital expenditures, vertical integration or wider distribution channels.
Voyager's strategy is to acquire companies with established regional distribution channels and experienced management that would recognize increased revenue and/or significant cost savings from an injection of working capital, wider distribution, or vertical integration. Voyager also intends to look for higher end products that offer premium pricing, reclaimed products that might offer discounted pricing power, or other products that fill an established niche in the market.
Management seeks companies that have established sales pipelines and unmet demands that would that would be met if provided with greater resources or a better cost structure for raw material acquisition or product distribution. Voyager strives to work with experienced managers that have existing distributor/sales relationships that can be leveraged as well as companies with workable balance sheets that can be restructured for greater long-term profitability.
One of the Company’s core missions is to identify environmentally conscious businesses and methods of processing. The company has aggressively pursued this new strategy by recently signing a purchase agreement on a new reclamation facility, bringing on new experienced management, and signing a new sales agreement.
Petroleum lubricant products include grease, fluids or other oil based products used for engine oils, hydraulic fluids, metal working fluids or other purposes. The lubricant market includes refiners, re-refiners, bottlers, blenders, and distributors. The US consumes over 50% of the total global supply petroleum based lubricants which is estimated at over $19 billion. The top half of the re-refined oil market is controlled by larger players including by Safety Clean and Evergreen but it is estimated that more than 200 blending and distribution companies participate in the US regional markets. The largest end users are industrial manufacturers and automotive users. Product outlets include bulk wholesalers, retailers, discount chains, non-auto retailers and manufacturers.
ALL VYGO FILINGS:
http://www.sec.gov/cgi-bin/browse-ed...ny&CIK=1140300
Voyager Petroleum Announces Purchase Agreement for Oil Processing Facility
In January, 2007, the Company signed a purchase agreement for a waste oil reclamation facility in Detroit, Michigan. The total purchase price of $750,000, less a $35,000 deposit held in escrow, is to be paid at closing which is to occur at the Company's discretion on or before July 13, 2007 by way of a second amendment to the original agreement which allows additional time for completion of due diligence. The 20,000 square foot facility which will be used to process reclaimed used oil sits on 3.5 acres of land and consists of a warehouse, a processing facility and offices with on-site railroad and truck access. The plant houses 22 outside storage tanks and 32 inside storage tanks for a total storage capacity of 718,000 gallons. The Company has completed a Phase II environmental site assessment of the property for approximately $75,000 via an access agreement with the subtenant which was effective to March 31, 2007. As of April 1, 2007, Voyager is subleasing the property from the subtenant for $4,000 per month plus utilities, repairs, maintenance, taxes and assessments during the lease term which expires on the earlier of August 1, 2007, the closing of the purchase or termination of the purchase agreement without a closing. On May 15, 2007, the Company filed its Baseline Environmental Assessment with the Michigan Department of Environmental Quality.
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January 25, 2007 - 7:00 AM EST
Voyager Petroleum, Inc. Announces $4,200,000 Purchase Order
HINSDALE, Ill., Jan. 25, 2007 (PRIME NEWSWIRE) -- Voyager Petroleum, Inc. (fka Voyager One, Inc.) (OTCBB:VYGO) is pleased to announce the receipt of a 12-month purchase order for $4,243,200 of re-processed waste oil from a leading Chicago distributor of petroleum lubricants.
Sebastien DuFort, Voyager's President, stated, "This purchase order solidifies the Company's entry into the petroleum lubricant market. We are also proud to say that it is for the delivery of reprocessed waste oil which is consistent with one of our core principals of trying to deliver products and processes which are more environmentally responsible."
On April 19, 2007, Sovereign Oil, Inc.("Sovereign Oil"), a newly formed Nevada corporation and wholly-owned subsidiary of Voyager Petroleum, Inc., entered into a lease agreement with North American Refining Co. ("North American"), a Delaware corporation, located in McCook, Illinois. Sebastien C. DuFort, Voyager's President will also serve as President of Sovereign Oil. North American Refining is a local compounding and blending facility with packaging capabilities. Sovereign Oil intends to blend, compound and package oil products at this facility which will be sold to the automotive and industrial after-markets. The lease is for a term of ninety days with the intention of negotiating a longer lease term prior to its expiration. The total lease price is $10.00 for the lease period with blending and drying fees payable monthly. North American has the right to terminate the Agreement within fifteen days written notice. Under the terms of the Agreement, each party is responsible for any loss that arises out of the actions of its own employees with indemnification to the other party. The Company intends to hire one to two employees to work at this location.
On May 4, 2007, the Company formed two additional subsidiaries, 600 S. Deacon LLC and Monarch Petroleum Products, Inc., both Michigan corporations which are intended to own and operate a Detroit blending facility which the Company is currently under contract to purchase this summer provided all contractual terms are met. As of the time of filing, these corporations are inactive.
On May 14, 2007 Voyager hired Richard Stiefel as Vice President of Sovereign Oil, Inc., the Company's wholly-owned subsidiary which was formed on March 23, 2007, to assist its President, Mr. DuFort, in its operations. Mr. Stiefel was a founder of and built one of the largest independent oil companies in its time. Prior to coming to Voyager, Mr. Stiefel blended and packaged in excess of 400,000,000 quarts of oil annually, this included blending, packaging, and distribution for three major brands as well as marketing private label oil. Mr. Stiefel has over 50 years experience in the petroleum industry and signed a standard employment agreement with the company for an unspecified term.
As of May 14, 2007, there are 101,141,313 shares of common stock issued (including restricted stock) and
outstanding and 500,000 shares of preferred stock issued and outstanding.
Voyager Petroleum is now listed on the Frankfurt Stock Exchange
in Germany under the trading symbol "DXD."
http://deutsche-boerse.com/dbag/disp...essingAction&a....
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VYGO - Voyager Petroleum Inc.
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