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Genoil, Aquamation Commence Work

Maritime Activity Reports, Inc.

December 6, 2007

Genoil Inc. and Aquamation, Inc. announced that Genoil has commenced work on Aquamation’s Geregu and Abeokuta Gas Metering Plants in Nigeria. Both projects are underway for the Nigerian Gas Company (a wholly owned subsidiary of Nigerian National Petroleum Company) and on behalf of Zakhem Construction - Nigeria. Aquamation and Genoil will perform these projects under the previously announced Joint Operating Agreement between the companies.

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