Member Info for dazzle1000

Helium articles
https://apple.news/AXdnqGqXaS5W8t_4zOWT40g
Also on phys.org

Dazzle

@violet 7:30am

Nah they have bought into he1 since 2017 why sell all if you were 100% sure that someday he1 will hit the jackpot a few years down the road.. they have sold half to free carry for bigger payday. Fingers crossed this week reflects this and current buying by new investors sharing the same sentiment that DW is very optimistic with this new drilling target.

Apologies yes it is… OTC closed today. Looking on aim to carry the bag but which way and for how long?
Conflicting sentiment or just rebalancing the books so to speak

Dazzle

interesting post from Twitter :

“PokeStonksTrainer
@HarisRad88
Replying to
@swatig75, @AlexDelarge6553
and @InsidrFinancial
US & ASX traders are different from eachother. For example, when 88 announced they went debt free. ASX closed red about 10% but the following day US closed green 25% if I remember correctly. US MOMO will pick up even if there is no news. We're close to a release of lab results”

Let’s see how AIM react to ASX today by opening of OTC after 2pm..interesting to see the sentiment of USA punters who have a different spin on 88e than us. Wonder if 1.8p will hold and close above 2p into close e.o.d? Bigger punter market than U.K and i suspect since the high of over 4p in march a few LTH have derisked a lot of shares and moved on freeing up a lot of shares to be bought onto the OTC. Americans seem to have a bigger appetite than us perhaps? Will be an interesting week ahead for establishing new suppport / resistances if momentum in USA is hungry than AIM & ASX combined.

Dazzle

@minimil@3:14
Can you then explain how and why petroteq sold its oil at a premium just shy over $70 near WTI , with its low api of >10 just recently?

Dazzle

From Paul.l on yahoo finance chat board: https://finance.y***o.com/quote/PQE.V/community/

Paul L1 hour ago
You are correct about the contract, as I read things.

The whole Petroteq/TomCo angle is a tough call for me- I have been following and have positions in both.

In the short term, it's TomCo via Greenfield which will generate more revenue (roughly 42% for them vs 5% net for Petroteq), but Petroteq already has agreements in place with several companies in several countries on more than one continent, so they look much better long-term.

Another angle is that Petroteq will mostly collect licensing fees and similar arrangements, so they will have cash flow with little overhead or expense- they will collect a check from most operations, without any intrinsic investment on their part. That is compelling.

It would not surprise me if both were bought out at some point.

I basically see a good process for tapping a huge oil resource, and I am trying to get any angle I can. I'd be in Valkor LLC if I could, but it appears they are privately held.

It should be an interesting summer

@ijt 7:32
Best scientific example in the case if hell freezes over or not lol..

Sorry if this was posted earlier.
https://utahfireinfo.gov/active-wildfires/

@kelladee 12:00

· 88 Energy adopts Environmental, Social and Governance (ESG) framework designed by the World Economic Forum (WEF)

· Impact monitoring technology company, Socialsuite, a leading provider of Impact Management Systems, to measure 88 Energy's performance across 21 core ESG metrics and disclosures

· 88 Energy to report its ESG progress across each sustainability area

Kelladee et all imho and what i have been looking around at and researching other websites the general consensus is that joining the WEF and complying with ESG will help 88e in the near future to either merge or sell part or whole of our assets. As the signs are looking to point this way. I recommend to do DD and DYOR to double and triple check for your own price of mind.

dazzle

@craignews 8:11am
I agree with you there fella, also people on twitter have shared your sentiment, just said it in a different way. Maybe worth replying on twitter and see if they give the same reasoning in the picture as craignews did :-). I think those in the business can work it out…”a picture speaks a thousand words” imho, DD, DYOR.

Dazzle

@keefy01 & et al
I would agree with you on the part that a big major oiler has bought our tax credits ( if you call it credits, when the gov. Keep changing the goal posts and not keeping their promise to pay back) this would only benefit a huge oil company who can use the 85% credit and or defer it for a few years down the line when i expect carbon tax will increase as the world transitions in renewables and more bio & eco friendly alternatives. (Remember 1million plastic bottle per hour consumed world wide, 5% recycled. )

Dazzle

2.2% within the first 70” David talking to Katie said it was in-calibrated and direct link to his lap top which he thought was at looking at the data wrong. He then said it was diluted by the mud and if calibrated properly would of been higher?

Dazzle

@ford707 & @chriseev1
My gut instinct tells me I MOH, that a buyout is in the mix as in most cases a buyer will always look to see how much debt a company has as well as what assets they haveAnd being that the potential in reserves. On top of that I was interested to see Mr Dave wall upping his total of shares from 120,000,000 to 240,000,000 making him number eight on the top 20 list (see capital structure Section in the 88 energy website). Something is brewing and I wouldn’t totally rule out a strategic share split in some way, just to ease the heavy burden of shares against the assets, i know no one likes to mention the spectre of this ghost as it can reduce the family silver buy 15% or possibly a little more as dave mentioned so eloquently like having a hair cut shaved right off ( don’t shoot the messenger.lol) but this is in the very low probability and may never happen at all as 88energy will not be producing just selling the assets when proven up, which is seems likely to be happening in the near future/next winter drilling season via a F/O.. also interesting to see BNP Paribas in the top 20 list, seems they have been buying at low bulk accumulating shares, not sure if they are holding for nominees?

Anyway best of luck to all.
Dazzle1000

From ROBIN on yahoo posted:
“ take into account sand sale, oil sale and the IP of the tech not to mention the OiP Petroteq have then 0.75”
And JAMES on yahoo posted
“ was interesting to see Stapleton compare this to mitchell energy. So the board look to be wanting at least 3 billion sell off”

From PAUL.L

Paul L12 hours ago
For an interesting parallel, folks may want to consider researching Mitchell Energy & Development Corp, which was was later acquired by Devon Energy.

I think there is a better than even chance that Petroteq won't even exist as an independent company 5 years from now, as a larger player will scoop them up. This has the potential to do to fracking what fracking did to conventional drilling.

Stapleton was asked about the company moving to Nasdaq in the interview (which would require a reverse split at the current price), but he deferred and gave a vague answer. The two logical possibilities in my mind are

1) They expect the price to go over $1, negating the need for a r/s; and/or

2) There is the possibility of a buyout, which would make the listing effort moot.

This is just speculation- at this point we have good information on the production process, the timetable, and the interrelationship among Petroteq and Valkor/TomCo operating as Greenfield, but what is uncertain is how the rest of the industry and the market will respond.

These price spikes make us feel good, but until the earnings turn positive, it's only the present value of future earnings and/or the possibility of a buyout which will drive the price.

Personally, I put greater emphasis on the future earnings part, as the recent production reports have been very positive- better than I expected compared to 3 months ago.

This buyer speculation is interesting and exciting to a degree, but it's very ephemeral, and things like this are just talk until there is proof that money is changing hands.

Our immediate timetable runs us through July 1st. The rest of June will be interesting

Sorry if this was already posted via a link

VALUATION:

Some notes on valuation, feel free to add your own commentary.
A plant producing 10,000 barrels of oil and 15,000 tons of sand a day, with $20 production cost of oil (1.5 tons of sand=byproduct of 1 barrel of oil), selling a barrel of oil for $60 and a ton $15 sand:
10,000 x $20 = $200,000 production cost
10,000 x $60 = $600,000 oil revenue
15,000 x $15 = $225,000 sand revenue
Overhead baked into production cost.
Daily profit = $625,000
Assume 350 days of operation.
Annual profit = $218,750,000
10 year profit, hypothetical asking price for company (not accounting for IP or other important, valuable factors) = $2,187,500,000
Take that number divided by 463,000,000 outstanding shares = $4.72/share
The truth is though, that 1) sand is likely worth a lot more than $15/ton. It could be $60/ton. 2) MSAR could add a $20/barrel premium to our oil. 3) Our tech still rolls profits if oil is $20/barrel in the future; can be scaled up or down. 4) Our tech is green. 5) Our tech helps clean up things that aren’t green, like tailings ponds. 6) Our IP for lease brings us $2,000,000 per new plant. 7) Our IP for lease brings us a 5% royalty; ~$11,000,000/year per 10k/day plant assuming the same numbers as above.
8) Get real here. If it works, it works. Assume 50 plants licensed.
$11,000,000 x 50 = $550,000,000= Annual Royalty Profit
$218,750,000 Profit from 1 PQE 10k/day plant as shown above
Annual profit with one 10k plant and 50 licensed 10k plants = $768,750,000
10 year profit, hypothetical asking price for company (not accounting other valuable factors) = $7,687,500,000
Divided by 463,000,000 shares = $16.60
There are weirder scenarios, but guess what’s undervalued at $0.15? Cheers.

https://www.reddit.com/r/Petroteq/

As well as Stuttgart, Munich and Berlin…
Pqe need to be over a dollar to be eligible in the many requirements to be listed on the nasdaq. In the latest interview GS mentioned a possible reverse split in the not so distant future when the right parameters are all lined up, depending on the share price at the time of the split for using currency exchange is now $1 dollar USA to $1.21 can/dollars so we would need at least over 10-1 split or for POSP and CORT to be a generating a revenue and achieve over $1.21 dollar/can. On its own merits with greenfield production and 5% royalties accumulating organically…i remember Magellan now called tellurion was struggling at one point then made a reverse split from around 100million to 5 million dollars to be Nasdaq listed and debt free with a clean slate, i was lucky enough to ride the sp from around 40c to $9 dollars (spiked to $21 ) until it levelled out to what it is now…way back in 2016/17. This is with out the reddit factor back then..so there are a few ways the sp could react, the reddit way, buy out, reverse split and 10,000 bpd production…even though there are no Guarantees anything is possible.

https://ir.petroteq.com/news-presentations/press-releases/detail/378/petroteq-energy-announces-production-of-initial-load-of

https://ir.petroteq.com/news-presentations/press-releases/detail/378/petroteq-energy-announces-production-of-initial-load-of

@tullycrow14:51
Cheers appreciated the effort..