Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Found this link on google search on reinstatement to the TSX https://www.comunicaffe.com/spot-coffee-comments-on-reinstatement-review-by-the-tsx-venture-exchange/
For spot coffee. Similar to pqe around 39 days from cto to reinstatement review revocation
Hi Smileys, would you have the link to twitter page
Reference Twitter
Is Petroteq Energy (PQEFF) a buy for 2021?
In May, Petroteq energy soared to highs of ~$0.20 from a price of ~$0.04, representing a near 400% gain. This attracted many new investors, intrigued by the price action and business model of the company. The price action was a result Uppgard AB (acting as a middleman) offering 0.48 Euro per share to purchase 200 million shares of Petroteq. The clarify, this offer was made directly to shareholders (holding a minimum of 1,000,000 shares). Although this offer led to substantial price action, relative to the offer shares remain highly undervalued.
Why is this? The simple fact remains; much of the market is uncertain whether the offer is serious or will be followed through. Furthermore, the credibility of the offer is often questioned as people wonder, “if I can buy shares on the open market and sell it to them, why don’t they just buy it on the open market?” For one, it would drive the share price incredibly high. As well, it would simply take too long, or simply be impossible due to such low volume.
Since then, other entities such as Balmoral investments LTD have offered to purchase shares for 0.66 Euros ($0.78) for transactions over 1.5 million shares (offer adjusted to a minimum of 550,000 shares). Relative to current levels, this represents an increase of 6-7 times. Note, this offer has only been available for EU investors. Due to regulatory issues, it is not yet available for US investors. According to an Uppgard Konsult AB update from June, “The client and the company are now evaluating the official expansion of the offering to the North American market.”
This being said, the value of Petroteq Energy does not in any way hinge on the credibility of these offers. If they both prove to be insincere (which appears unlikely), the company remains exceedingly undervalued.
What are oil sands?
The idea of separating oil from tar sands is not a new concept. In fact, “the oil sands of Alberta have only been developed commercially since the late 1960s” However, the process has proven incredibly environmentally harmful (not to mention low margins).
“Tar sands oil — even the name sounds bad. And it is bad. In fact, oil from tar sands is one of the most destructive, carbon-intensive and toxic fuels on the planet. Producing it releases three times as much greenhouse gas pollution as conventional crude oil does.”
Is this true for Petroteq as well? Will they get push back from environmental groups? No, quite the opposite. In fact, Petroteq brands themselves as a sustainable company, putting “the environment first”. How is this possible? To quote PQEFF’s website,
“We produce oil without any significant waste, emissions or water use. We have removed the unwanted externalities from oil production that can be seen in other oil sands operations, fracking, and even conventional wells. So instead, our process LOOKS MORE LIKE REMEDIATION of oil-bearing near-surface sands that are cleaned
Somebody on th tomco BB cited an example of another companies suspension. That particular suspension took around a month before suspension was lifted.
Seems like they will be of market for a time yet, how long can they stay suspended before loosing their listing?
Any news on when pqe will be trading again?
2021-08-09 07:39 ET - Halt Trading
Petroteq Energy Inc. has been halted at the open on Aug. 9, 2021, following a cease trade order.
https://www.stockwatch.com/News/Item/Z-C!PQE-3122024/C/PQE
Balmoral Investments Limited
Leeds
Voluntary public tender offer to the shareholders of Petroteq Energy securities identification number A2DYWC, ISIN: CA71678B1076
Balmoral Investments Limited, Leeds, offers the shareholders of Petroteq Energy to acquire its shares (WKN A2DYWC, ISIN: CA71678B1076) at a price of EUR 0.66 per share. The offer is limited to 3,000,000 shares. For larger quantities, please inquire. Minimum purchase: 1,500,000 shares. In all other respects, acceptance shall take place in the order in which the declarations of acceptance are received. The offer ends on 03.12.2021, 18:00. (CET)
The public tender offer and the purchase contracts concluded on this basis are subject to German law. This Offer is not directed to shareholders in any jurisdiction in which such Offer violates the laws of such jurisdiction.
Shareholders wishing to accept the Offer are requested to declare this to Balmoral Investments Limited, 114 Burley Road, Leeds, West Yorkshire, telephone: 0044-113 868 0834, e-mail: Info@offerbalmoral.com, no later than 03.12.2021, telephone: 0044-113 868 0834, e-mail: Info@offerbalmoral.com, and to transfer the shares to the custody account of Balmoral Investments Limited. The purchase price will be transferred immediately after receipt of the shares to a bank account to be designated by the shareholder. Leeds, 02/08/2021
Balmoral Investments Limited
Bidding war is off and running. Sit back and hold on.
Quadrise Fuels International PLC
04 August 2021
4 August 2021
Quadrise Fuels International plc
("Quadrise", "QFI", the "Company" and together with its subsidiaries the "Group")
Utah Project Update
Quadrise , the supplier of MSAR(R) and bioMSAR (TM) emulsion technology and fuels, which are low-cost, cleaner alternatives to heavy fuel oil and biofuels, is pleased to provide an update on the arrival of a produced oil sample from Greenfield Energy LLC's ("Greenfield") Utah operations.
Quadrise has now received, at the Quadrise Research Facility ("QRF") in Essex, three drums of oil sample from Greenfield. The sample of produced oil was taken by Greenfield from the Petroteq Oil Sands Plant ("POSP").
An extensive programme of testing on the sample received will now commence at QRF, which we expect to complete by the end of August 2021. The ability to produce commercial MSAR(R) and/or bioMSAR(TM) fuels from the produced oil will be informed by the outcome of this testing programme, together with the confirmation of the suitability of the produced oil (via external laboratory assay) for the potential power and marine end-user markets.
Further updates will be made, as appropriate, in due course.
Mike Kirk, Chairman of Quadrise, said:
"We are pleased that we have now received the sample from Utah and we look forward to completing the testing and analysis work during August and to reporting the results to Greenfield and to updating Quadrise shareholders in due course."
SHERMAN OAKS, CA / ACCESSWIRE / July 27, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") ??(TSXV:PQE)(?OTC PINK:PQEFF)(FSE:PQCF), an integrated oil ?company focused on the development and implementation of its proprietary oil-?extraction and remediation technologies, announces that its securities counsel has been contacted, by the client of Uppgard Konsult AB, the Bidder, through legal counsel.
While there is no guarantee that any discussions will result in any meaningful discussions or a transaction, the Company has advised the Bidder 's Canadian counsel that it is open and willing to initiate discussions.
KRYLBO, SWEDEN / ACCESSWIRE / July 16, 2021 / Regarding Petroteq Energy Inc. ('Petroteq' or the 'Company') (TSX-V:PQE) (OTC:PQEFF) (FSE:PQCF), Uppgard Konsult AB ('Uppgard' or the 'Company')
announces that on July 7, 2021 the Client signed an engagement letter with a renowned international law firm based in Canada with proven experience in the field of mergers and acquisitions as well as in the energy sector in general and oil & gas in particular.
The scope of the work is to assist with regards to takeover bid / tender offer for shares in Petroteq Energy Inc. in Canada.
We are looking into further strengthening the team and bringing in another consulting firm that has extensive experience and knowledge in the North American markets.
To further earn shareholder confidence, the Client provided Uppgard Consult AB with a hard proof of fund for 120 million Euro to demonstrate the financial resources necessary to support the proposed acquisition and the future development of the technology and expansion of the business.
Uppgard Konsult AB has permission to disclose the proof of funds to shareholders interested in the takeover offer
Uppgard Konsult AB has made an official offer to purchase up to 200 million shares of Petroteq Energy Inc. at 0.50 Euro per share cash from it's shareholders, subject to Uppgard Konsult AB's terms and conditions.
It's expected and anticipated to complete a his offer by September 30, 2021.
https://www.accesswire.com/655815/Uppgard-Konsult-AB-Update-on-its-Share-Purchase-Initiative-for-Petroteq-Energy-Inc-TSX-VPQE-OTCPQEFF-FSEPQCF
That is why they are getting it filled in Germany
It’s not easy with the US market regulators, if an offering to the North American market it has too be carefully orchestrated, once an offer is made it has too keep too a strict timetable governed by the most stringent market Petroteq is traded which would be the SEC in US!
Looking good, and I would love to know who the takeover buyer is, I thought we would have known by now
https://twitter.com/petroteqi/status/1411749848458596353?s=21
https://twitter.com/petroteqi/status/1406985049816371200?s=21
Well we are not far away to find out what is really going on.
200m share buyers to show their hand
Updated operations paperwork sorted
Greenfield operating plant for another 6 months
Attachment of Quadris equipment
Final plant approval by independent verification
Sand full approval for sale
https://twitter.com/petroteqi/status/1404460437089964034?s=21
https://www.pscp.tv/w/1LyxBdaeYnWGN
Live link to a new PQE "video" interview
Got this back from Petroteq regarding potential sand sales.
Very encouraging to say the least.
My view is this tech will continue to improve as more money and research is put into it.
It will become a well-oiled machine I am sure, (excuse the pun) there are plenty of oil /tech engineers looking at this from 3 companies which is just what you need.
This could become one of the cheapest oil producers in the world.
I am not sure I have come across a greater investment opportunity that is staring me in the face . How they have pulled this off under the noses of billion-dollar companies involved in this space is remarkable. One reason might be, the top engineers of the big producers often leave and set up their own small companies. Is this what has happened.?
George Stapleton
Thu 03/06/2021 23:32
?
?
?
?
To:
Cc: Alex Blyumkin
Depending upon ore saturation, we expect to produce roughly 1.5 tons of sand per barrel of bitumen produced. Approximately 65% of this sand falls within the desired standard 40-140 mesh range preferred for frac sand, so we should produce roughly 1 ton of frac sand per barrel.
Any revenue received from sand sales will act, in effect, as a reduction in operating costs. The estimated cost of production of $25-$30 per barrel is calculated without taking into account any reduction as a result of sand sale.
At present, we will work with a local drilling fluids company to screen and sell the sand, sharing the net proceeds. Assuming the san sells for $40-$60/ton net of transport, we hope to realize roughly $20-$30/ton.
Depending upon ore saturation, we expect to produce roughly 1.5 tons of sand per barrel of bitumen produced. Approximately 65% of this sand falls within the desired standard 40-140 mesh range preferred for frac sand, so we should produce roughly 1 ton of frac sand per barrel.
Any revenue received from sand sales will act, in effect, as a reduction in operating costs. The estimated cost of production of $25-$30 per barrel is calculated without taking into account any reduction as a result of sand sale.
At present, we will work with a local drilling fluids company to screen and sell the sand, sharing the net proceeds. Assuming the san sells for $40-$60/ton net of transport, we hope to realize roughly $20-$30/ton.
signature_1793273566
George Stapleton
Chief Operating Officer
Petroteq Energy Inc
On Stockbox Tommorrow!
https://twitter.com/fadec92/status/1400563890036039682?s=21
Agreed Banaman, seems most of the pqe chat happens on the tomco chat bb
Can’t believe this is so quiet in here. It may be a TSX stock but as you state it’s flying and will continue to do so. Possibly not straight up until the offer is legitimised and the third part disclosed. Would be great to see the LSE chat board liven up for PQE