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Very strange movement from no where Fitzy. I know the deadline is 15th November but that’s the deadline. Keeping eyes peeled on here

No one else around lol. As soon as that 500 sell came in, the ask went up to over 0.58 . Think might be on for a momentum run going into November for sure

Watch for the movement. Very suspicious sudden buy flurry then nt on £1000 to buy.

Keep eye on Tomco. Petroteq sand extraction process in hot demand. Tomco looking to build 5000 bopd site in Utah. Financing needs deposit paid by 15th November. If pulled off think may be a massive grower in 2022. Oil from sand, but like wine from water ???

NT to buy

Someone buying chunks now… news not far away at all now

These bits added today
EPA 155 Highlights
? EPA155 located between producing Mereenie and Surprise Oil and Gas fields
? 2 wells drilled, MT Winters-1 & 2 (2A), on sparse seismic grid. Both wells encountered oil in suboptimal locations.
? Stacked pay opportunities identified, including helium potential in identified large basement structure
? Mosman has 100% WI that will reduce to 30% when farmin work completed.
Planned Activity 2021/22
? Permit award pending field trip by Central Land Council - delayed by Covid-19. New dates set for early 2022
? Seismic reprocessing and reinterpretation proposed following permit award
Surprise Field
EPA155
Mereenie Field

18
Conclusion

Last paste but again explaining it more easily
Valkor has agreed to pay Petroteq a non-refundable license fee of US$2 million per Plant in two payments, with 50% payable upon start of construction of a Plant and 50% payable upon first production of such Plant. Valkor also agreed to invest (or secure investment) of a minimum US$20 million towards the construction of a Plant by December 2020,

Noticed this bit Valkor LLC and TomCo Energy (through their joint venture Greenfield Energy LLC), in particular,Along with the commitment of $2.0 million licensing fee, the JV has assumed the management and operational control of Petroteq’s processing facility at Asphalt Ridge.
Asphalt Ridge is already up and running??????
Does this mean with the licence fee, that becomes part of Greenfield too …….

Explains it but better
The key thing to grasp is that given the potential scale of global oil sands reserves (North America alone is estimated to be more than 200 billion barrels) and production (Canada alone more than 1.6 million barrels per day) it is not hard to imagine the potential for Petroteq to secure multiple licensing deals.

Consider that subject to establishing the commercial viability of its technology and process, the September 16, 2020 press release states that:

The same design, in a 2-train configuration, can be used for a proposed 10,000 bopd oil sands plant in eastern Utah for Greenfield LLC, a joint venture company between Valkor LLC and TomCo Energy Ltd., that has a technology license with Petroteq.

With a 10,000 b/d plant already contemplated, the table below looks at the "blue sky" upside associated with various levels of licensing deals (in terms of gross production) assuming the company maintains a 5% royalty.

Read this recent update from Petroteq.
Maybe reading too much into it but the plant they are looking at with 5000 BOPD sure sounds like Tar Sands development?
I got a feeling they will be coming on board as a partner with their technology??
Again my own view but read through below and make your own mind up
Petroteq’s CORT technology and the development of a commercial-scale plant have garnered significant interest from other companies in the space. Management is pursuing opportunities to license CORT technology to producers that have access to oil sands deposits and other heavy oil resources, not only in the Uintah Basin, but also elsewhere in the U.S. and internationally. To date, the company’s licensing agreements have been structured with a $2.0 million up-front licensing fee and a 5% production royalty stream.

Licensing Initiatives

Thus far, the following licensing agreements have been announced:

• TS Energy Ltd to act as exclusive licensee of CORT in Canada and the Republic of Trinidad and Tobago (May 2016)

• MOU with Queensland Energy & Minerals Pty Ltd for potential use of CORT on its Julia Creek Project in Australia (November 2017)

• Valkor LLC granted the non-exclusive, non-transferable use of the Petroteq’s Extraction Technology in the engineering, construction and operation of oil sands extraction plants worldwide (July 2019)

• Greenfield Energy LLC granted a non-exclusive, multi-site use of the Petroteq’s Extraction Technology in the engineering, construction and operation of oil sands extraction plants in the United States (November 2020)

Management has entered license agreements with partners in order to advance the development and deployment of its Extraction Technology. The financial, technical and operational commitments of Valkor LLC and TomCo Energy (through their joint venture Greenfield Energy LLC), in particular, provide strong indications about the achievability of developing of a commercial-scale plant. Along with the commitment of $2.0 million licensing fee, the JV has assumed the management and operational control of Petroteq’s processing facility at Asphalt Ridge.

Monecur dumping some perhaps. Seems flurry of sells around 0.15 and just below

Indeed. Gone NT to buy a few now too. Today has been played by the MMs

When you fully read this article on the Tar Sands update, look at Petroteq price rise, then I don’t think we going to be this low SP next month
In August 2021 TomCo took full control of Greenfield following the completion of testing at Petroteq’s oil sands plant, the receipt of a finalised FEED study and ahead of the planned acquisition of the Tar Sands Holdings II site in Utah, USA.

On 26 August 2021 TomCo announced an agreement reached with Valkor LLC (“Valkor”) to acquire Valkor’s 50% of Greenfield and TomCo now owns 100% of Greenfield, with full control, thereby affording TomCo’s shareholders the opportunity to fully benefit from Greenfield’s significant potential, whilst retaining Valkor as a valued stakeholder and planned substantial shareholder in the Company.

This followed the successful completion of all of the planned trial work utilising Petroteq Energy Inc.’s existing oil sands plant at Asphalt Ridge, Utah (the “POSP”), as announced on 2 July 2021, the commencement of requisite due diligence on Tar Sands Holdings II LLC (“TSHII”) and its site as announced on 9 June 2021 and the receipt of the finalised FEED (Front-End Engineering and Design) study for production facilities, together with the associated third-party technical verification report on the proposed process, as announced on 27 July 2021.

TSHII owns approximately 760 acres of land and certain non-producing assets (the “Site”) in Uintah County, Utah, USA. Subject to securing the requisite funding and satisfactory due diligence, Greenfield plans to use the Site, if ultimately acquired via TSHII, for the future mining of oil sands and construction of a commercial scale processing plant utilising the findings of the FEED study, and other knowledge and experience gained from Greenfield’s operation of the POSP. The Site has existing infrastructure, plant and equipment, together with an existing Large Mine Permit No. M0470032, that could facilitate any future development by Greenfield.

The FEED study covers the production facilities for a 5,000 barrels of oil per day (“bopd”) oil sands project (the “Greenfield Plant”). The Greenfield Plant is currently intended to be located at the Site. The proposed plant is planned to consist of an initial 5,000 bopd train but configured for possible expansion to 10,000 bopd via a second future train

Up 132%. . Be nice for that to happen here

5 million trade buy gone through.SP being played today

Seller in the house. 15th November not that far away though but perhaps far enough away for some

The 4 million is not a sell, it’s my buy …

One drill awaiting flow rate . Winters and Stanley 5 not 2 lol underway. Other risers today don’t even have drill equipment! Yes if we do well the this has massive potential from lowly current SP

NT on the bell for order