OREANDA-NEWS. According to the agency. the rating is based on the presence of a qualified and experienced management team, a moderate current debt burden, and the substantial market value of assets controlled by the parent company.

Constraining factors include the Company’s modest size; a potential increase in its debt burden; and risks associated with the early (investment) stage of the parent company’s oil, gas and refining business.

MCW Fuels Inc. operates a chain of more than five hundred automated petrol (gas) stations in California. It is a wholly-owned subsidiary of Canada’s MCW Energy Group Ltd., a public holding company whose shares are traded on the TSX venture exchange in Calgary. The largest block of shares (21.21%) is held by Redline Capital Management, which is owned by V.P. Yevtushenkov. The group’s assets also include a 51% stake in MCW Oil Sands Recovery LLC, which holds the rights to develop the Asphalt Ridge site in the American state of Utah (along with patents on oil sand extraction technology) and a nearly-complete oil refinery with a daily capacity of 250 barrels. MCW Energy Group Ltd. is in the process of merging with GeoPetro Resources Company, which owns both functional and undeveloped oil and gas fields plus a currently inactive gas purification plant.