The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Famous last words DiverKing.
thanks for the links vince.
it would seem qed need to get their ****s into gear and get some contracts signed....
Https://shipandbunker.com/news/emea/735467-carnivals-holland-america-line-to-trial-100-biofuel-bunkers
Goodfuels still making bold strides I see. Nothing to see here....let's move onto
https://shipandbunker.com/news/world/400049-40-more-bunker-fuel-per-journey-because-of-red-sea-diversions-maersk
Meanwhile lots of nice VLSFO and HFO still being consumed, still it's the intention to do something that counts I suppose.
“All the more reason to contact Trio with a view to enhancing their end product and profitability from their wells/site?”
Personally, I think it’s more than enough effort trying to prove the concept with Valkor in Utah. Plus, Utah oil is very low sulphur which makes it appealing for marine and commercial use. CO2 sequestration is also on the agenda in Utah, so more than enough to be getting on with, but take your point, if it works for Valkor it can work elsewhere depending on oil quality and end use.
The false dawn with Maersk and the low market cap means that only commercial revenues will make the SP rise .
"I think this refers to production at another oil field in California, same company but no connection with Utah."
All the more reason to contact Trio with a view to enhancing their end product and profitability from their wells/site?
Seems to be a big disconnect between our future prospects and the SP at the moment. I'm sure a lot of it's down to past failure to progress projects to commercialisation. Some is perhaps also that we're in the unloved fossil fuel sector at the moment. Maybe if the MC can gradually increase, we can attract investment from funds that are more open to our de-carbonisation credentials
Just looking at the current Valcor project though, using the minimum output of 20 barrels per day, a $10 royalty per barrel, 20 wells in production, plus the technology transfer payments, and using a PE ratio of 50, would equate to an SP of about 4p. And that's just this one initial programme with Sweet Heavy Oil
No wonder Jason put 15k of his own money in while he had the chance
19th April RNS "The Company understands that Valkor intends to commence drilling of the initial oil well at the Asphalt Ridge in Utah next week, with completion before the end of April."
This Press Release, 24th April "A rig is scheduled to be on site this Sunday, and to drill and complete the Company’s first well on this asset in the next two weeks."
Sunday would have been the 28th, so two week would be this Sunday coming, the 12th. By my calcs.
“2,100 Barrels @ $75, (net of transportation is not to be sniffed at, especially as it's just for starters!”
I think this refers to production at another oil field in California, same company but no connection with Utah.
Drilling rig now on Utah site :
https://ir.trio-petroleum.com/press-releases/?qmodStoryID=8770630253578057
Mark Zuckerberg’s New Diesel-Powered 287-Foot Mega-Yacht Moored In Fort Lauderdale
Facebook CEO Mark Zuckerberg, known for his climate change advocacy, has recently added a new $300 million mega yacht to his extravagant collection of toys, including a Gulfstream G650 private jet.
Powered by four MTU engines, Zuckerberg’s mega-yacht can reach a top speed of 24 knots. However, the use of large-displacement diesel engines contradicts Zuckerberg’s public stance on climate change and environmental sustainability.
Source: PTZtv (YouTube)
@bertyb01, the exclusivity for Utah is on the cards, but nothing has been consummated. Currently they have a non-exclusive agreement.
From the circular (emphasis mine):
# Utah
The project with Valkor in Utah, USA, targets the supply of low sulphur MSAR® and bioMSAR™ to the
marine and power sectors, with the fuels produced on site then transported to major ports and power
stations.
In June 2023, QIL signed a Site License and Supply Agreement (“SLS”) with Valkor, under which QIL granted
Valkor the exclusive right and license to use our technology at a central processing facility located at the **Primary Project Site (“PPS”) at Asphalt Ridge in Utah, USA and to market the fuel on a non-exclusive basis
from Utah.**
In exchange, Valkor will pay QIL a US$1.0 million licence fee subject to receipt by Valkor of project financing
of at least US$15 million at the PPS. Valkor will pay QIL a further US$0.5 million upon delivery of an MMU
to the PPS.
Following Valkor’s receipt of the MMU, QIL will provide engineering, project development and support
services for a minimum of two years, for which Valkor will pay QIL a quarterly retainer of US$75,000 under
the SLS. Valkor may then choose to purchase QIL’s technology and MMU for US$1.0 million.
A non-binding Heads of Agreement has also been entered into between the parties which sets out the basis
on which **QIL and Valkor will seek to agree a conditionally exclusive Sub-License Agreement to be granted
to Valkor covering the state of Utah**, as well as the terms on which the resulting net profit generated will be
shared between QIL and Valkor
Depends what “transportation” covers. Is it just the tankers and/or rail cars, or does it also include the diluent required to keep the oil pumpable, suspect it’s both but can’t be certain. It’s worth remembering the long history of attempts to make Utah tar sands pay. To date nobody has been successful using supply to a refinery or as bitumen for roads use, which is why QED and Valkor intend to cut out the middle men and produce a fuel straight out of the ground at a premium to other fuels. It’s highly doubtful it would be viable at anything other than very high oil prices, which as we know, is far from guaranteed.
2,100 Barrels @ $75, (net of transportation is not to be sniffed at, especially as it's just for starters!
“It would appear Trio already have end users, or middle men at least, as the interviewee stated they had already sold their initial oil from this source.”
Traditionally this oil has been sold for use on the roads or to a local refinery at discount as it has to be diluted to allow transportation. It’s bitumen basically so not free flowing. By end-user I meant MSAR customers which is likely the only way this project will be properly viable and why SB is so interested in QED technology.
Why do you assume people are talking about you stock cube? It’s kinda what happens when you “filter” everyone, though it’s pretty obvious you read everything anyway, a bit sad really.
It would appear Trio already have end users, or middle men at least, as the interviewee stated they had already sold their initial oil from this source.
From the amount of green on this page I see trolls even troll on market bank holidays, sad life, sad people, sick in the head people.
As always it’s end-users that will decide whether it succeeds or not. So far all we’ve been told is general intent, nothing specific. When they announce an end-user trial is when the potential starts to be released.
From the original Agreement RNS
The original Commercial Development Agreement ("CDA") between Quadrise and Valkor, announced on 11 April 2022, defined the joint intent to complete commercial scoping to deploy Quadrise's technology at the Primary Project Site in which Valkor holds an equity interest ("Phase 1") and then to license Quadrise's technology to Valkor on a conditionally exclusive basis, with Quadrise providing services, additives and technical support for production and use of MSAR® and bioMSAR™ fuel in energy applications ("Phase 2").
So depends what the exclusive conditions are but I’m thinking no one will get a sniff of our tech in the Utah area until and before Valkor have fully developed its use in their applications.
If I remember correctly Pretty sure Steven Byle has exclusivity for msar etc and the whole state of Utah
Have/should QED contacted Trio Petroleum with the MSAR/BioMSAR offering or does Valkor have exclusivity in the area?
https://www.youtube.com/watch?v=H8d1HcAbFqU
Surely it's 'his life'? It certainly his world!!!
Maybe they could make a film of it?
Who cares about tick ups and who he actually is. As long as they post informative info on the company who gives toot hoots. Give it a rest for gods sake.
Time to invest?
Today definitely 😂
Enjoy your day off folks!