Large mining permits etc are already in place for the proposed Greenfield / Valkor plant and someone mentioned in the past that can take 12 months to get all the permits etc for new facilities.
The Greenfield / Valkor plant will be the first new plant built and the model for the rest to follow. One hell of a PR coup when it all comes together as this is turning into a very hot sector to follow with big boys watching on ;)
Petroteq Announces New COO
November 30, 2021 4:01pm EST
SHERMAN OAKS, CA / ACCESSWIRE / November 30, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") ??(TSXV:PQE)(?OTC PINK:PQEFF)(FSE:PQCF), an oil ?company focused on the development and implementation of its proprietary oil-?extraction and remediation technologies, thanks its Chief Operation Officer, George Stapleton on his last day. During his tenure (since August 2020) the Company increased its Asphalt Ridge lease holdings and completed technical enhancements to the production operation facilities.
Chief Technology Officer, Vladimir Podlipskiy, will handle the operations activity, the development of new facilities, and the emphasis on deploying the soil remediation benefits of the company's unique eco-friendly technology.
The Company is grateful for all of Mr. Stapleton's efforts and commitment to the Company and wishes him well in his future endeavors.
Link to Quadrise AGM statement
From the Quadrise AGM statement
· Utah. Samples from the Greenfield Energy LLC ("Greenfield") Petroteq Oil Sands Plant ('POSP') site in Utah were successfully converted into MSAR® and bioMSAR™ in September 2021. As a result of these positive results, Quadrise and Greenfield agreed that an on-site MSAR® trial would no longer be required, and instead the parties would jointly work together to secure customers for MSAR® and bioMSAR™, with a view to initial commercial supply in 2022. Greenfield have recently secured funding from Valkor Oil & Gas LLC to acquire 10% (with an option for the remaining 90%) of 'Tar Sands Holdings II' which offers additional opportunities for the deployment of Quadrise's technology to produce MSAR® and bioMSAR™ for a number of applications. Quadrise is also engaging in discussions regarding MSAR® and bioMSAR™ production at other upstream facilities in Utah and elsewhere in the USA.
Thanks to rmart on ADVFN
and now a video interview.
Dramatic share price upside under a positive outcome for the oil production projects
These estimates compare to the current TomCo share price of 0.7p per share, implying 6.5x to 30x upside to the share price. We recognise that the market will apply a substantial discount until:
Permits and financing are finalised, which we expect in the next 3-6 months
Site work commences
We argue that the current TomCo share price leaves dramatic upside potential under a positive outcome for the oil production projects.
Good map of the Uinta Basin showing the massive potential of the Oil Sands and why Valkor etc. are buying up all the leases.
Our CEO Jason Miles spoke with @tradewindsnews to discuss the science behind MSAR® and bioMSAR™, the history of oil-in-water emulsion fuels, and the genesis of Quadrise. Read more here: tradewindsnews.com/technology/msc…
Worth a read regarding the ins and outs of the recent and current Petroteq position.
Quadrise PR machine now kicking into gear ;)
Our CEO Jason Miles recently caught up with @tradewindsnews to discuss MSAR? and bioMSAR?, our long-term outlook in the #AlternativeFuels space, and what this means for the race to #NetZero for #shipping and beyond.
Read the full piece, here: tradewindsnews.com/technology/qua? #QFI
Petroteq PR machine ramping up to full speed again ;)
Petroteq's extraction process is estimated to have overall processing costs of $25.00-$30.00 STB of crude bitumen generated, delivering a netback of approximately $25.00- $30.00 per STB at $60.00 WTI.
Learn about all our most recent updates: https://petroteq.com
Market Risers: Rentokil Initial, Rio Tinto, TomCo Energy, Versarien
November 11, 2021
The stock price for TomCo Energy found using EPIC: LON:TOM has gained 6.94% or 0.03 points during the course of today’s session so far. Investors have remained optimistic while the stock has been in play. The high for the period has reached 0.65 dipping to 0.6. The volume total for shares traded up to this point was 13,796,262 with the daily average traded share volume around 13,255,154. A 52 week high for the stock is 0.89 which comes in at 0.28 points difference from the previous days close and putting the 52 week low at 0.38 is a variance of 0.23 points. TomCo Energy has a 20 SMA of 0.64 and now the 50 day MA at 0.63. Market capitalisation for the company is £9.36m at the time of this report. The share price is in Great British pence. Mcap is measured in GBP. This article was written with the last trade for TomCo Energy being recorded at Thursday, November 11, 2021 at 11:50:04 AM GMT with the stock price trading at 0.64 GBX.
Breakthrough Green Tech Could Transform The Oil Industry
By Charles Kennedy - Nov 10, 2021, 6:00 PM CST
1 November 2021
Quadrise Fuels International plc
("Quadrise", "QFI", the "Company" and together with its subsidiaries the "Group")
Posting of Annual Report and Financial Statements and Notice of AGM
Quadrise Fuels International plc (AIM: QFI) announces that it has today posted its Annual Report and Financial Statements for the year ended 30 June 2021 together with a Notice of Annual General Meeting ("AGM") to shareholders that have elected to receive documentation in hard copy format. Both documents will be available from the Company's website at www.quadrisefuels.com shortly.
Anyone have any idea what the side project is likely to be worth on its own? Once sites identified, we know drilling, kit and installation are relatively quick and easy compared to other oil extraction methods. This side project will be a nice little earner to fund some of the larger project imho ;)
Unlikely that anyone could make a move on Tomco before Valkor take their 29% stake thus protecting Tomco from any potential takeover move. That insurance policy is going to move us much higher in our own right ;)
Petroteq Responds to Unsolicited Takeover Bid by Viston United Swiss AG
Download as PDFOctober 27, 2021 8:50pm EDT
Petroteq remains committed to maximizing value for all stakeholders and is considering potential opportunities to create value for all shareholders
SHERMAN OAKS, CA / ACCESSWIRE / October 27, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") (TSXV:PQE)(OTC PINK:PQEFF)(FSE:PQCF), an oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today confirmed that 2869889 Ontario Inc., an indirect, wholly-owned subsidiary of Viston United Swiss AG (together, the "Offeror") has commenced a conditional, unsolicited takeover bid (the "Offer") to acquire all of the issued and outstanding common shares of the Company. Petroteq shareholders are advised to take no action in respect of the Offer until Petroteq's Board of Directors (the "Board") has made a formal recommendation to shareholders.
Petroteq cautions its shareholders and potential investors that there can be no certainty that the Offer will be supported by the Board or that any other strategic transaction with any other person will be pursued by Petroteq or ultimately completed. The Board is reviewing the Offer and will make its formal recommendation in response to the Offer as required by applicable securities laws.
Consistent with its fiduciary duties, the Board will evaluate the Offer and Petroteq's options, including continuing to operate the business to drive shareholder value and potentially exploring possible alternative transactions.
The Board continues to believe Petroteq is well positioned to be an industry leader with its one of a kind oil sands extraction technology.