RE: Vlsfo vs Brent and crude12 Oct 2021 18:39
@minimil 16:28
Forgot to add this part from 27th July feed/third party RNS: · Third-party technical verification report by Kahuna involving a site visit to Petroteq Energy Inc's ("Petroteq") pilot plant and review of operating data, process simulation data and the FEED study, supports, inter alia, indicative operating costs of approximately US$22 per barrel of oil produced for a 5,000 bopd plant operating 24 hours a day, 360 days a year, before corporate costs, SG&A costs and royalty fees. Such estimated operating costs are deemed by Kahuna to be based on valid assumptions and in line with industry norms.
Note 24/hours per day x2 12 hour shifts for 360 days of the year ( including winter) and a recently upgraded posp system to counter extreme cold weather. Any delays is not weather dependant but Either one or all of these: economic, Bureaucratic, financial. It’s all there for anyone to read the RNS facts. Not misinformed conjecture..