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“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.
"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?
“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.
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.
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!
Most of us on here know who he is, his past history of ' totally loyal, expert on everything ramp up and run' to reappear later under new nom de plume.
Its his job after all
The tuck ups speak for ourselves!
"Still feeling raw mademoiselle?"
I have never denied that I am un oiseau français as we like to say
SemaphorRed,
Yeah, calling me names that are not even my name is really weird to me, hence pointing it out and hopefully that will be it. but if it continues then it demonstrates an ulterior motive which I will never understand.
Anonymous board = anonymous people. Not sure how some don't understand that when they themselves are anonymous, especially the abusive trolls that are only here to try and wreck the board rather than contribute worthwhile posts to it.
Still feeling raw mademoiselle?
It's baffling as to why someone on an anonymous forum or bulletin board would be referred to as anything other than their handle. Some kind of infantile gotcha?
Brian doesn't like it when you call him Brian, maybe try another from his long list of active handles.
Dustofnations,
My name isn't Brian, not according to my birth certificate, driving licence, company access card, or anything else, so kindly call me by my handle on here 'StockCheque', which is all that has any relevance to me of this board. Do I call you Bartholomew or Cuthbert? No.
"in distant future" is all very subjective. It all depends how quickly QED reaches a MCap that would make it worth listing on Euronext, which would be much lower than that expected from a NASDAQ listing.
These are the average MCaps that companies list on these markets:
Euronext Access® & Access+® €39m (£33.48m)
Euronext Growth® €89m (£76.41m)
Euronext® €2.7bn (£2.32Bn)
https://www.euronext.com/en/raise-capital/how-go-public/choosing-market
So either of the first two could be done if everything goes to plan, once the MCap goes up to those levels, which may be "in distant future" to some but not to me. 'Distant' to me, from an investing perspective, is over 3 years away.
'Euronext Growth' would be ideal, as QED would be a growth stock once the fuel starts rolling out to MSC.
Thanks, Brian.
Listing requirements are a complex topic; there are multiple standards, and they have very different mcap requirements depending on specific route taken. And NYSE vs NASDAQ rules are quite different. e.g. https://www.nyse.com/publicdocs/nyse/listing/NYSE_Initial_Listing_Standards_Summary.pdf
There is also the approach of reversing into an existing listing/shell, which was discussed as an option by management for a couple of the companies I hold.
To be clear, I am not predicting it's on the cards for QED; just agreeing with the previous comments that LSE has sadly dropped down the list in terms of ability to raise funds, poor valuations, and a lack of overall attractiveness. It's also sad to see some of its most famous constituents relist elsewhere.
I agree that Euronext listing could be an interesting option in distant future, if the company opts to remain independent. Too far into the future to be anything other than reading tea leaves.
Have a good long weekend, all.
RE: "It is a sensible thing for management teams to consider once they reach a certain size and sustainability"
For sure, but as with anyone in the finance industry I'd rather the powers that be fixed the UK market.
RE: "A few UK stocks I holding are considering re-listing in US to get fairer valuations"
I asked the following question on a recent Investor Meet Company meeting for another company:
"Have the board considered listing on NASDAQ to attract more institutional investors?"
Part of the answer was that the view is a NSADAQ listing would usually be looking at a market cap of minimum $500m usually closer to $1bn.
So if your companies are mid caps of that size then they could move, but if it's less than $500m then not so likely.
When QED get that big, I'd hope for a dual listing, maybe USA but because of Vertoro and the Biofuel bunkering there then maybe Netherlands on Euronext (Amsterdam). The Euronext 100 has done really well since the financial crash in 2009.
https://live.euronext.com/en/product/indices/FR0003502079-XPAR
A few UK stocks I holding are considering re-listing in US to get fairer valuations, more visibility and credibility, and better access to markets. Sadly, UK listings are not seen in the same way they used to be. It is a sensible thing for management teams to consider once they reach a certain size and sustainability.