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Thanks to Talais on ADVFN
https://www.**********.co.uk/articles/traders-cafe-with-zak-mir-weekend-bulletin-board-heroes-april-24-d4424a6
https://twitter.com/petroteqi/status/1513880441811611651?s=21
Forgot all about this from January and ties in nicely with today's announcement.
IN BRIEF: TomCo Energy to provide services to Heavy Sweet Oil
Wed, 26th Jan 2022 19:13
TomCo Energy PLC - oil explorer in Utah - Enters agreement with US-based oil & gas firm Heavy Sweet Oil LLC, to assist the company with permitting and government relation for its planned drilling programme near the D Tract of the Tar Sands Holdings II LLC in the Uinta Basin, Utah.
Heavy Sweet Oil will pay TomCo USD10,000 per month for its services, starting from January 1.
Current stock price: 0.48 pence
12-month change: down 2.0%
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Jason Miles, CEO of Quadrise Fuels International, commented:
"The need for more economical and lower carbon industrial and marine fuels has never been more apparent. Quadrise is delighted to have executed this agreement and looks forward to working expeditiously with the Valkor team to conclude commercial agreements for supply of MSAR (R) and bioMSAR (TM) for identified projects."
Steven Byle, CEO of Valkor, added:
"We are delighted to work jointly with Quadrise to secure high value opportunities for our Utah heavy sweet oil projects, following the successful testing completed on oil sands samples from the pilot plant last year. The supply and licensing of MSAR(R) technology in Utah is conditional on securing the first opportunity for fuel supply and offtake, and we look forward to working closely with Quadrise during the coming months on this commercial opportunity."
Quadrise Fuels International PLC Commercial Development Agreement with Valkor
Source: UK Regulatory (RNS & others)
TIDMQFI
RNS Number : 9285H
Quadrise Fuels International PLC
11 April 2022
11 April 2022
Quadrise Fuels International plc
("Quadrise," "QFI" or the "Company")
Commercial Development Agreement with Valkor Technologies LLC
Quadrise is pleased to announce the execution of a phased Commercial Development Agreement ("CDA") with Valkor Technologies LLC ("Valkor") headquartered in Park City, Utah, to commercialise Quadrise's MSAR (R) and bioMSAR (TM) technology at Valkor's projects in Utah state in the USA.
Under Phase 1 of the CDA, to be completed by 30 June 2022:
-- Valkor will deliver a crude oil sample from a heavy oil asset in Utah in which they have an existing equity interest (the 'Primary Project') to Quadrise.
-- Quadrise will perform analysis and testing on the sample to confirm that it is suitable to produce MSAR (R) and bioMSAR (TM) .
-- Quadrise and Valkor will together and in the same time frame:
o Negotiate supply agreements with identified target consumers of MSAR (R) and bioMSAR (TM) fuel to be produced by the Primary Project .
o Finalise the technical and operational requirements and commercial terms for license and supply of QFI technology.
Full commercial terms for an MSAR (R) and/or bioMSAR (TM) License and Supply Agreement at the Primary Project would then be concluded no later than October 2022.
Under Phase 2 of the CDA, following the conclusion of a License and Supply Agreement covering the Primary Project, Quadrise intends to grant Valkor exclusive terms over the deployment of QFI technology in the State of Utah. This is expected to take the form of further Licence and Supply Agreement(s) or Tolling Agreement(s) for projects on which QFI technology is proposed to be deployed.
Net profits generated under the License and Supply Agreement(s) or Tolling Agreement(s) are to be shared between Quadrise and Valkor, based on the respective contribution by each party to the deployment of QFI technology for each project.
Jason Miles, CEO of Quadrise Fuels International, commented:
"The need for more economical and lower carbon industrial and marine fuels has never been more apparent. Quadrise is delighted to have executed this agreement and looks forward to working expeditiously with the Valkor team to conclude commercial agreements for supply of MSAR (R) and bioMSAR (TM) for identified projects."
Steven Byle, CEO of Valkor, added:
"We are delighted to work jointly with Quadrise to secure high value opportunities for our Utah heavy sweet oil projects, following the successful testing completed on oil sands samples from the pilot plant last year. The supply and licensing of MSAR(R) technology in Utah is conditional on securing the first opportunity for fuel supply and offtake, and we look forward to working closely with Quadrise during the coming months on t
Thanks to Talais on ADVFN
From LSE
https://quorumzine.gitlab.io/quorum/content/2022/04/04/post-interims-imc-transcript.html
Thanks to Busamitch on ADVFN
https://ir.petroteq.com/news-presentations/press-releases/detail/418/petroteq-announces-that-its-founder-former-chairman-and
Petroteq Announces That Its Founder, Former Chairman and CEO, Mr. Alex Blyumkin Supports the Takeover Bid and Has Tendered Shares To Takeover-Bid From Viston Swiss United AG
Our proven MSAR and low carbon bioMSAR technologies are available immediately and can generate both cost and emissions savings for adopters without the need for large scale capital investment,” declared Jason Miles, the chief executive officer of Quadrise.
“Quadrise has progressed a range of its core projects and business opportunities during and following the period, underlining the advantages of our strategy of pursuing a diversified range of projects; however, progress in converting these projects to agreements has been slower than anticipated, largely due to factors beyond the direct control of the company,” Miles said.
“During the year, opportunities which maximise our ESG [environment, social, governance] credentials will be prioritised. We expect to continue to develop the next generation of bioMSAR and Net Zero energy using our innovative technology platform, as well as investigating complementary opportunities,” Miles concluded.
https://www.proactiveinvestors.co.uk/companies/news/977939/quadrise-fuels-says-oil-price-hike-strengthens-the-case-for-more-efficient-use-of-hydrocarbons-977939.html
Quadrise Fuels says oil price hike strengthens the case for more efficient use of hydrocarbons
BioMSAR testing continues to generate highly promising results with further development and test work planned for 2022, Quadrise said
Quadrise Fuels International PLC (AIM:QFI) said the rise in crude oil prices in the wake of Russia's invasion of Ukraine is positive for the company.
In its interim results statement, the alternative fuels supplier said the demand for heavy fuel oil (HFO) in the power and marine sectors has remained strong, with the latter driven by the increasing use of exhaust gas cleaning systems to comply with IMO 2020 (regulations on sulphur oxide).
Quadrise expects that distillate fuel demand will continue to recover in 2022 driven by the transportation sector. This will be positive for refinery margins and the HFO-distillate spread, underpinning the economic value of refinery residuals as an energy source for Quadrise’s MSAR and bioMSAR in its key markets.
The publicly supported global energy transition towards the adoption of renewables and low emission fuel options is accelerating interest in bioMSAR and increasing the market opportunity in various sectors, Quadrise added.
During the next 12 months, the company plans to demonstrate the long-term economic and environmental benefits of MSAR and bioMSAR projects through commercial-scale trials which, on successful completion, will lead to supply contracts and commercial revenues. In parallel, it will focus on identifying and developing new net-zero fuel solutions, as well as looking into opportunities to deploy its MSAR emulsion technology platform in new applications.
The company's cash balance of £5.6 million at 31 December 2021 is sufficient to reach revenue generation in the second half of 2022 subject to the conclusion of commercial project agreements.
Non-project cash expenditure is currently around £240,000 per month.
The group recorded a loss of £1.5mln for the six months to 31 December 2021, versus a loss of £2.3mln the year before. This included production and development costs of £0.7mln (2020: £0.6mln) and administration expenses of £0.7mln (2020: £0.8mln). The prior year's loss of £2.3mln also included a non-cash fair value loss arising on the valuation of convertible securities of £0.7mln.
"Increases in both energy prices and volatility exacerbated by Russia's invasion of Ukraine have further emphasised the reliance that the global economy has on fossil fuels and the need to more efficiently utilise hydrocarbons as the world transitions towards a Net Zero future. The focus on large scale and immediate Net-Zero carbon solutions to climate change often underplays the valuable and critical role that must be played by transitional technologies such as Quadrise's. Our proven MSAR and low carbon bioMSAR technologies are available immediately and can generate both cost and emissions savings for adopters without the need for large scale capital in
Link to video
https://twitter.com/tomcoenergyplc/status/1503786904248070148?s=21