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Tech company Mporium delivers an outstanding set of Q1 results says CEO De Groot
IronRidge Resources CEO hails spectacular lithium project and money making potential for gold


Mayan Share Chat (MYN)



Share Price: 0.14Bid: 0.13Ask: 0.15Change: 0.00 (0.00%)No Movement on Mayan
Spread: 0.02Spread as %: 15.38%Open: 0.14High: 0.14Low: 0.14Yesterday’s Close: 0.14


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Helpful
Posts: 6,404
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WTI
Today 07:15
$66
 
Stalin123
Posts: 3,145
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Afternoon all
Mon 16:13
Easter nearly over. Hope u all enjoyed the sunshine. Looking forward to the next 2 months.
Pqe confirm 1000bopd
Myn into profit and further developments
U would expect a rise in SP. Its much easier to hold when in profit. Maybe derisk a little. Going to hold most for as long as my nerve holds.
Helpful
Posts: 6,404
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RE: PQE
Mon 14:39
No mention of China
orslega
Posts: 16,216
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RE: PQE
Mon 12:35
From that report - this is where the serious additional shareholder returns will come from - their first deal is probably quite close given ongoing discussions with various interested parties:

Note also importantly PQE patent protection in US, Canada and Russia

https://petroteq.energy/technology/patent-protection

Licensing Potential

Better still, as the test phase ends and the operational one begins, Petroteq will also be able to start licensing its technology to other oil sands producers in Canada and beyond. Venezuela rivals Alberta in oil sand potential at 58 billion barrels trapped in the bitumen sands of the Orinoco Basin. And then there are over 40 billion in Kazakhstan, over 30 billion in Russia, and over 20 billion in the United States.
orslega
Posts: 16,216
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PQE
Mon 12:27
Markets open in US today. Bargain basement here. Tuck away until 2022 then $7-8 per share?

Page 9 - 20 x bagger?

https://mkt-petroteq.conversionir.com/asset/1:petroteq-report
Helpful
Posts: 6,404
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RE: $100
Mon 10:37
Interesting.

We could with securing some more wells next to Montsanko: the SWD there means the marginal cost of production is minimal.
drillingcrew
Posts: 2,072
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$100
Mon 10:15
The Case For $100 Oil

http://flip.it/Wh-tCl
drillingcrew
Posts: 2,072
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Mayan
Mon 10:08
entering profitability for the first time EVER and some real prospects on opening up a few more wells .........I am dreaming? If so please don't wake me.......
Helpful
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RE: WTI
Mon 08:55
ZR chucking in 15bopd would be helpful.

The higher WTI price also changes the calculus on the 7th well at Austin.
orslega
Posts: 16,216
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RE: WTI
Mon 08:38
Yep, based on last rns we should now be profitable. Slowly but surely. Good platform to bank reserves to enabling financing for further low cost workovers.

"The Company believes the Austin Field should stabilise at approximately 72 barrels of oil per day gross / 47 net, which approximates the Company's breakeven point of $65,000 per month (assuming US$62 WTI price) which is a discount to the current 6 month forward price of $64."
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RE: WTI
Mon 08:32
With a bit of luck we are now up around 90/95 bopd gross from Austin and ZR combined: that would make us profitable. A few weeks at $70 would really help us.
Helpful
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RE: WTI
Mon 08:26
$65.60.
Helpful
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Shale
Fri 18:35
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RE: Re:PQE
Fri 14:00
Very well spotted.
orslega
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RE: Re:PQE
Fri 11:08
https://www.ptac.org/ptac-announces-new-vice-president-research-and-development/

small world....useful connection for exploiting Canada oils sands
EGTP
Posts: 221
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RE: Zink Ranch
Fri 09:46
Haha - yeah I know - but always appreciate your ‘helpful’ input :-)
Helpful
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RE: Zink Ranch
Fri 09:40
Don't ask hard questions.

Thursday might be a good day. They would have finished up at Austin and had a week on site at ZR. They can confirm production independent of Glenn Supply and maybe have tweaked a few things. There is a lot more to go at with ZR than Austin: I can't accept that they are doing as well as they can at ZR.

And you never know, there is always the chance of something left field. The last RNS did indicate they were working on a few things.

DYOR
EGTP
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Zink Ranch
Fri 09:22
Q - when do we conservatively expect the next update on progress at Zink Ranch ?
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RE: Q.
Fri 08:11
News in the pipeline: confirmation that they are at 700 bopd plus; plans for PR Springs; other JV deals; licensing deals. We know they are close to a deal with QEM.

DYOR
orslega
Posts: 16,216
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WTI
Fri 08:09
orslega
Posts: 16,216
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RE: Q.
Fri 08:06
Mitch - see PQE RNS 31/3/2019

"With operations ramping up, the Company believes that it is now in a position to achieve the previously announced goals of 700 bpd in the next couple of weeks and 1,000 bpd within 8 weeks."

So yes we should hear - hopefully this coming week - they're doing at least 700 bopd
orslega
Posts: 16,216
Opinion:No Opinion
Price:0.14
RE: Re:PQE
Fri 07:55
From report: massive opportunity- world waiting For confirmation that the technology is commercially viable, then off to the races imo

"Licensing Potential

Better still, as the test phase ends and the operational one begins, Petroteq will also be able to start licensing its technology to other oil sands producers in Canada and beyond. Venezuela rivals Alberta in oil sand potential at 58 billion barrels trapped in the bitumen sands of the Orinoco Basin. And then there are over 40 billion in Kazakhstan, over 30 billion in Russia, and over 20 billion in the United States.
orslega
Posts: 16,216
Opinion:No Opinion
Price:0.14
RE: Re:PQE
Fri 07:47
US investor take re additional land resource purchase:

I agree with your assessment. If PQE management didn't think that the extraction process wasn't ready for prime-time and that they were not going to meet their production goals it wouldn't be prudent, financially, to spend their limited and precious cash reserves, that were needed in continually perfecting the technology, on buying up additional resource assets. This transaction tells me that PQE management and engineers are confident that they are on their way to meeting their production goals and it just continues to be a matter of staying on track to expand the plant's capacity to a level that is commercially viable in the eyes of the big institutional investors and the large exploration and production companies, in the US and elsewhere, such as BP, EXON, Chevron and Royal Dutch Shell or even the likes of Diamond-back and Continental. If these companies take an interest in this technology and realize the potential that it has to offer, especially as wells in the Permian and Bakan begin to decline in output then the value of the oil-sands reserves leases will explode as companies move in to stake their claims and snap up the leases at bargin basement prices. As additional leases become available it will be a case of too many companies chasing too few leases causing a rise in lease prices on a per acre basis. Small companies would be squeezed out of the bids because they just don't have the financial resources to compete with the big boys. By buying of leases, now, and ensuring a good solid reserve base PQE would be well positioned, firstly, in that they would already have the leases that they needed, going forward into the future to meet their production needs and, two, if they have a surplus of leases and did have to fund the company, due to unforeseen business events, they could sell some of their surplus leases, at a much higher value than what they paid for them, and capitalize the company. Utah would see a new gold rush, black gold that is and PQE would be the company, with their highly efficient extraction process, that would be the catalyst that gets the ball rolling.
Read more at https://stockhouse.com/companies/bullboard/v.pqe/petroteq-energy-inc#uwC5ZOhcFq1iQUGE.99
orslega
Posts: 16,216
Opinion:No Opinion
Price:0.14
RE: Re:PQE
Fri 07:38
Drillingcrew very good find - only published couple weeks back.

Look at page 9 - I'll take $8 per share - i.e. X20 bagged from here in 2022.

Note that estimate is for production only - is does not reflect the very valuable IP right, JVs, Licensing. That's where the major uplift will come.

Looking forward to confirmation that they are doing 1,000 bopd now - that additional processing equipment looks awesome.




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