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HUGE IPO MAKES SANJORGE BILLIONAIRE 

 

2013/12/17
 

CENTRUM, Tethys - President and CEO of GAStech International Sten Sanjorge, Jr. And not only a billionaire, nearly a billionaire two times over as GAStech International sold shares in an initial public offering. 

 

GAStech International, founded in 1961 as Sanjorge Trucking by Sten Sanjorge, Sr., produces about 5 million cubic meters of gas daily at its GAStech - Kronos drilling site Tiskele Bend.  

 

Don't feel sorry for the GAStech - Kronos executives. The filings show that the GAStech - Kronos executives earned a collective $327.25 million from the newly vested shares including $96.25 million each for CFO Ingrid Barranco, CIO Ada Campo-Corrente, and COO Orhan Strum.

