Member Info for 46Gillingham

Cry

Q49: Please can you tell us the name of the II that invested?

Mikes exact words.....At least 2 II will send out RNS's by Friday

Indigo
I believe Mike said 2 II would be on RNS system on later than Friday.....I may have misheard

Mike said on Monday that they gave approx. 30 corp. presentation to II, I wonder if any of these II are buying in the open market there's a health number of large purchases going through the market today

So either this evening or tomorrow morning we should learn who the other II with over 3%. Any guesses?

So either this evening or tomorrow morning we should be advised as to the name of the other II that has purchased over 3% any guesses?

If MSC have a successful trial with MSAR and decide to roll it out to its fleet. How long will it take to organize? Will the fleet need any additional equipment and how quickly could this fuel be made available globally?
Would this move put MSC as the least pollutive shipping group in the world and how quickly could competitors follow? The reason I ask if they could have this accolade for a year or two I’m sure it would attract additional customers to them.

Ditto

https://premiermiton.com/

Premier Fund Managers holds just under 120m share in QFI

I know its been said many time before.....However the days are numbered at the 3p level fill your pockets now...I've just purchased another 183k shares....What will the SP be next June with either 1,2 or 3 project commercial?

Fyoz
100% agree

From Q and A ….Discussions with new potential customers from Central America ….very early stage

Current money raised £7m is enough to see all 3 current project through to commercial. All 3 should be completed by June 2022

Huge cost advantages in companies using BioMSAR v other marine Bio fuels

New II very interested in the game changer BioMSAR

Its started we are having the same presentation that institution had, approx. 30 II were given

I will be

l Morocco – In November 2019, the Company signed a Material Transfer & Cooperation Agreement
with a major chemicals group in Morocco. Rapid progress was made with project plans in early 2020,
to enable a phase 1 pilot kiln trial to commence at the client’s main site (“Site A”) in March 2020.
Unfortunately, COVID-19 restrictions led to this being postponed; after a Quadrise Pumping and
Heating Unit (“PHU”) and the MSAR® fuel (manufactured at QRF) had been received at the client’s site.
Whilst the client’s Site A was closed to external visitors and non-essential employees from March 2020,
the QFI project team worked closely with the client and our Moroccan agent, to minimise the impact
on the overall project timetable. The first action taken by the Quadrise project team was to positively
engage with the client and obtain their agreement to bring forward the second phase feasibility study
originally planned to have followed the successful completion of the pilot plant trial.
As a result of this decision, the feasibility study commenced in Q2 2020 and the pilot trial was
successfully completed in October 2020. Rather than immediately progressing from the pilot trial to
the intended commercial trial, (based on the phase 2 feasibility study), as initially planned, the client
and the QFI project team, jointly agreed an intermediate stage of an industrial scale trial at another of
the client’s locations (“Site B”). This strategy will help to reduce the overall programme risk, as this
location has more operational flexibility for accommodating the next trial.
As announced on 2 February 2021, the work on the newly planned industrial-scale trial is progressing,
with a new PHU (which can be utilised for both the industrial and commercial trials) fabricated and
ready for shipment. As the Site B trial requires around 60mt of MSAR® fuel, this needs to be
manufactured by third parties. Our initial plans for this were impacted by the recent tightening of
COVID-19 restrictions in the UK and we are now finalising contingency plans for the fuel to be
manufactured and sent directly to site. The joint project team are working with the client’s Site B to
finalise plans for the industrial trial scheduled to be completed as early as possible in H1 2021 along
with the phase 2 feasibility study. QFI will be paid £100,000 for the industrial trial and phase 2 study
under existing agreements with the client.
Following the successful conclusion of the industrial trial, the plan is to complete the commercial trial
at the main site (“Site A”), which is the major fuel oil consumer, by early/mid H2 2021. Assuming the
successful conclusion of these trials, the intention would then be to conclude a commercial supply
agreement covering one or more of the client’s sites in Morocco.
To recap, the major milestones planned are;
? H1 2021 – industrial scale trial at Site B. Complete phase 2 feasibility studies for the commercial
trial at Site A.
? Early/mid

l Upstream Applications – Following the signature, in Q1 2020, of a Memorandum of Understanding
(“MOU”) with Valkor Technologies (“Valkor”) to investigate the potential deployment of MSAR®
technology in Utah, USA, we were delighted to announce on 18 August 2020, a Commercial Trial
Agreement (“CTA”) with Greenfield Energy LLC (“Greenfield” – a joint-venture between Valkor and
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Tomco Energy plc). This covers testing at the Petroteq Oil Sand Plant (“POSP”) located at the Asphalt
Ridge Facility in Utah, USA, which is managed by Greenfield.
The first phase of the CTA (“Phase 1”), for which Quadrise is being paid $150,000, includes:
? Proof of Concept (“POC”) formulation and test work at the QRF using oil samples supplied by
Greenfield.
? Loan of Quadrise MSAR® commercial production equipment, MSAR® test equipment and supply
of MSAR® additives.
? Supply of specialist services and personnel to assist Greenfield in completing the commercial
scale demonstration trial to produce 600 barrels (100mt) of power grade MSAR®.
The POC formulation and test work was originally scheduled for H2 2020. However, this was reliant
on samples being received at QRF. With start-up of the POSP delayed until January 2021, as
announced by Tomco in December 2020, this POC work has now been pushed back to Q1 2021. As
soon as we have received representative samples at QRF, we would expect the testing and report
work to be completed within 3 weeks. The MMU is ready to be sent to the POSP site and we await
Greenfield’s confirmation to ship. The trial will then commence once the Quadrise project team is able
to gain safe access (under COVID-19 restrictions) to the site.
Pending the successful completion of Phase 1, Quadrise will then work with Greenfield to develop
plans for commercial MSAR® production facilities capable of treating 10,000 barrels of oil per day
(“Phase 2”) and to agree terms for the granting of a conditional MSAR® licence to Greenfield once
commercial agreements have been signed.