Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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SHERMAN OAKS, CA / ACCESSWIRE / January 26, 2022 / Petroteq Energy Inc. ("Petroteq" or the Company")?(?OTC PINK:PQEFF), an oil ?company focused on the development and implementation of its proprietary oil-?extraction and remediation technologies, announces that each of the directors serving on the board of directors of the Company has indicated an intention to tender their shares to 2869889 Ontario Inc. (the "Offeror"), an indirect wholly-owned subsidiary of Viston United Swiss AG ("Viston"), a Swiss company, under and pursuant to the terms of a tender offer by the Offeror (the "Viston Tender Offer") to purchase all of the issued and outstanding common stock of Petroteq.
Well that cut and paste didn't work...
Good news from PQE.
stck.pro/news/PQEFF/21989510
> It further aims to mix its oil with waste from bio-diesel to offset emissions and produce a bio-fuel.
Thanks for those links, foxm.
I presume that's the Quadrise bioMSAR link.
Waste from bio-diesel is mostly glycerol. bioMSAR uses glycerol mixed with heavy oil to produce their stable oil-in-water emulsion; this renewable glycerol displaces MSAR's traditional water element to match customer CO2 reduction requirements.
29% ownership interest in the Company at the time such shares are issued, so just pointing out that the agreement between Valkor and TomCo only happens they are ready to finance will the terms of the greenfield transaction come into effect so at this point Valkor is still a part of Greenfield the way I see it.
Maybe he wants to buy greenfield.
What if he made an offer that would reset the SP to a level that the co should be at.
This would trigger all warrants, and the offer is rejected.
He would not have to make an offer he could decline wanting to make one
Heavy Sweet Oil LLC , is another company . So there a possibility
Not sure about that Torreaguas, would that not take Steve Byle well over the 30% limit? It would force him to make an offer for the rest of the shares I think. Valkor are due to get 592 million shares for selling TOM their 50% interest in Greenfield. If these 250 million shares issued a few days ago are going to HSO, another Steve Byle company, it would probably breach this condition in the 26 Aug RNS -
"The deferred consideration for the Acquisition comprises the issue to Valkor of 592,830,258 new ordinary shares of no par value in TomCo ("Ordinary Shares") (the "Acquisition Shares") which currently equates, in aggregate, to 29% of the Company's issued share capital as enlarged by the Acquisition Shares, subject to adjustment to ensure that Valkor and any person acting in concert with it shall not exceed a 29% ownership interest in the Company at the time such shares are issued. Valkor currently has no pre-existing interest in TomCo's issued share capital. "
I suppose the 592 million could be adjusted down to a lower figure, to keep it just under 30%. It would have to go down to about 450 million instead.
The £1.5m placing not being done by the company broker is beginning to make sense. HSO OR STEVEN taking a stake?
Hso deal. This must be the financier of the production wells? Another piece coming together. Nice. I wonder if they are the new shareholders in Tommy from the placing . Instead of the money being repayable loan they took a stake in Tom instead. I am betting I am right. If so it is a very good sign things are coming together nicely.
Steve Byle CEO of Valkor https://www.linkedin.com/in/steven-byle
Thanks Foxm good research!
Heavy Sweet Oil LLC is Steve Byle, I posted the links about them a while ago.
https://www.stevenbyle.net/companies
https://heavysweetoil.com/
https://www.linkedin.com/in/steven-byle/
I am Co-Founder of this world class oil project on a multi-billion barrel resource in Utah. The company is targeting in-situ heavy sweet oil sands at shallow depths with enhance oil recovery using flue gas and steam. Beyond simple production, the company targets CO2 sequestration at unprecedented levels due to the unconsolidated sands. It further aims to mix its oil with waste from bio-diesel to offset emissions and produce a bio-fuel.
Expect to SP to now move back up.
Paying to help….why????
Because they have been in discussions about the future plans and know what is going to happen over the next 12 months and beyond (????).
Very interesting!
Do these guys have a plot next to ours?
Hso deal. This must be the financier of the production wells? Another piece coming together. Nice. I wonder if they are the new shareholders in Tommy from the placing . Instead of the money being repayable loan they took a stake in Tom instead. I am betting I am right. If so it is a very good sign things are coming together nicely.
Heavy Sweet Oil LLC Are paying Tomco 10k a month to help us,
Interesting time’s ahead
Interesting, so the sellers will be getting back in and paying above their sell prices the last two days
TomCo Energy PLC Services Agreement with Heavy Sweet Oil
Source: UK Regulatory (RNS & others)
TIDMTOM
RNS Number : 6264Z
TomCo Energy PLC
26 January 2022
26 January 2022
TOMCO ENERGY PLC
("TomCo" or the "Company")
Services Agreement with Heavy Sweet Oil
TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to announce that it has entered into an agreement with Heavy Sweet Oil LLC ("Heavy Sweet Oil"), a US based oil and gas company, to assist it with permitting and government relations in respect of their planned drilling programme adjacent to the D Tract of the Tar Sands Holdings II LLC ("TSHII") site in the Uinta Basin, Utah, United States. Should Heavy Sweet Oil progress to producing oil it is anticipated that some of the supporting infrastructure for their operations will be located on the TSHII site.
The assistance being provided to Heavy Sweet Oil is being undertaken alongside the Company's own work to progress its plans for the TSHII site. Heavy Sweet Oil have agreed to pay TomCo US$10,000 per month for its services, with the agreement backdated to start from 1 January 2022.
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