Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Tony, you don't need to be related to know the numbers as they are all published in black and white.
its an advantage of the Canadian market in there is no obfuscation or hiding all the important little details from shareholders like there is in the UK.
www.toscanaenergy.ca/2020/03/toscana-energy-enters-into-an-option-agreement-with-i3-energy-plc-and-announces-the-assignment-of-its-senior-bank-debt-and-subordinated-note-and-the-release-of-its-fourth-quarter-and-year-end-2019-r/
enjoy :)
Sadly, Bullies (Name Callers) very rarely give a straight answer Tony.
Royboy. - who is Burk?
No Tonynorstrom. Majid said they are “Always on the Lookout” for “Revenue Generating” Opportunities. Hey ... He even mentioned the potential to pay Dividends lol.....
Nice one Majid.
Well it did answer a nagging question at the back of my mind - why on earth would a distressed Canadian junior oiler in need of cash agree to a deal with I3E with little or no cash and how on earth did I3E pick out Toscana !
Well the Heath connection should mean that I3E have in depth knowledge of the acquisition including average selling prices of the produced crude.
Come again Royoboy. Do tell ??? What’s the matter son ?
Not exactly scowering the Planet for Value Opportunities were they Barnyards ?!??!??? Lol.
LOL I can just imagine the family call:
yo Graham, its your little bro Ryan here, listen up and listen up fast ... my company is in big big trouble as we have insurmountable debt and the lenders won't give me any more cash ... we are currently producing our oil at a loss so the big picture I'm afraid is ... we are just about to go under and I was wondering (hoping and praying) if there is any chance you can help bail me out ?
sure no problem bro ... just leave it with me ... I'm an expert at doing great deals
remember Iona
nepotism rules huh
just saying :)
https://ca.linkedin.com/in/ryan-heath-b9255b43
https://ca.linkedin.com/in/grahamheath?trk=people-guest_people_search-card
Freshair. You are Correct. Ryan Heath CEO Toscana since SEP 2019 is Graham Heath’s Brother.
I noticed I3E tweeted this - Great news for Alberta oil & gas producers as long-delayed 830,000 bopd Keystone XL pipeline project given green light with US$1.1B equity injection and $6B loan guarantee from Alberta Gov't..
It is odd for them to tweet an external news feed that isnt directly about them
Sorry pressed send
I noticed I3E tweeted this - Great news for Alberta oil & gas producers as long-delayed 830,000 bopd Keystone XL pipeline project given green light with US$1.1B equity injection and $6B loan guarantee from Alberta Gov't..
It is odd for them to tweet an external news feed that isnt directly about them
Juxtapose / Harel - what are your thoughts on this
i saw I3E
This is why I believe the deal took place. It should be completed Xmas 2022 or even mid 2022. Majid already states; A portfolio of accretive and material opportunities has already been identified and is being evaluated to high-grade those which meet our acquisition criteria.
There were so many objections to this project that the government bought it in 2018
The Trans Mountain Expansion Project will help make sure Canada gets full value for its oil. Everyone will benefit. Workers will benefit during the $12.6* billion construction project. Oil producers will earn more revenue for their product. Government will collect more tax revenue from oil. These revenues contribute to services that benefit all Canadians.
Currently, nearly all the oil produced in Western Canada goes to one market, the United States Midwest. However, there’s a limit to how much oil this market needs. For much of the last decade, Canada has been selling into the United States at a discount to the world price for similar oil products.
The simple truth is that Canada’s oil will fetch a better price if we give ourselves the option of shipping more of it via Trans Mountain’s Pacific tidewater terminal in Burrard Inlet. Canada will earn more on every barrel of oil that’s piped west compared to those sold to our existing customers in the United States Midwest market, a differential that exists regardless of the price of oil. The Project will allow Canadian oil to be delivered to international markets and, as a result, Canada will earn approximately $3.7 billion more per year.
Independent estimates conclude oil producer revenues will increase by $73.5 billion over 20 years of operations and Canada will earn $46.7 billion in additional taxes and royalties to federal and provincial governments.
With oil sands production expanding in Alberta in the years ahead, new markets and new opportunities are emerging. As countries in Asia Pacific begin to develop the same quality of life we enjoy here in Canada, they need to secure sources of energy. Canada is a natural trading partner for these countries, and with an expanded Trans Mountain Pipeline system, we will be in a position to provide for their growing needs for years to come.
The time scale is on a par with first oil for Serenity.