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Stock Market & Financial Investment News

News Breaks
March 11, 2014
07:16 EDTRCONRecon Technology receives new authorizatoin to provide services for Sinopec
Recon Technology announced that its BHD Petroleum Technology division has received a new oil field access Certificate from China's state-owned oil and gas exploration company, Sinopec, authorizing BHD to provide horizontal fracturing equipment and services at Sinopec's Northeast oilfield branch in China's Jilin Province. BHD has thus far provided fracturing equipment utilized at one of Sinopec Northeast oilfield's wells. That well produced revenue of approximately $196,721 for BHD. According to Sinopec's production plan, an additional 21 wells will require fracturing services in 2014, with a budget of approximately $326, 880 per well.
News For RCON From The Last 14 Days
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February 18, 2015
07:11 EDTRCONRecon Technology cooperates with China National Petroleum Corp. in Kazakhstan
Recon Technology has entered into a 5-year renewable cooperation agreement with Aktobe Petroleum Machinery Co., a joint venture between China Petroleum Technology & Development Corporation and China National Petroleum Corporation, with respect to the construction of technical service center for pressure containers such as heating furnaces and separators. Pursuant to this agreement, Recon and Aktobe Petroleum Machinery will work together to develop the marketing, sales, maintenance and related services for pressure containers in Kazakhstan.

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