Member Info for EarEyeAm

27 minutes to the IMC Meeting, listen very carefully, no getting distracted by the BUY button LOL!!

That's nice, thanks for sharing!

MSC will now have VLCC's it can fill with MSAR from wherever it's being produced and distribute it to where it wants it, without having to rely on a third party.

Anyone with a short term mindset like this, people that want the world to move the stock every day, these people need to stop spouting BS, sell out, go on a 6 month break in the country and never invest in anything ever again.

Those are MAN engine Power plant's that MAN say can't be converted to LNG or LPG. Prime targets for MSAR and bioMSAR so save millions on new engines.

"The ACP Miraflores Thermal Power Plant is a roughly 81 MW heavy fuel oil (HFO) power station operated by the Autoridad del Canal de Panamá (ACP), located near the Miraflores Locks in Panama."

Plus 50MW Sparkle Power (tendering for 4 engines to be baseload power from what I can tell)

Plus 45MW for Cerro Azul.

Plus, with MSAR being cheaper than LNG/LPG I'm sure there will be more interest from others.

Karpowership is a very interesting proposition for MSAR/bioMSAR in the region, check this out https://karpowership.com/the-powership-solution

Some more useful information for you.

Key power plants and projects involving MAN engines in Panama include:

Miraflores Thermal Power Plant (Panama Canal Authority - ACP): The expansion of this plant involved the installation of MAN B&W 12K80MC-S engines, specifically designed to run on HFO (3% sulfur content) for base load operations. These engines were part of a turnkey solution involving Hyundai Heavy Industries.

Spark Power Facility: A 50-megawatt plant in Panama that utilizes high-sulfur fuel oil (HFO) in MAN diesel four-stroke engines, which is currently involved in a trial for cleaner burning emulsified fuel.

Cerro Azul Power Plant: The Cerro Azul 45MW engine power plant in Pacora, Panama, uses 4-stroke medium-speed diesel engines (HFO/DO) and MAN technologies.

Karpowership (Panama Operations): While providing power globally, MAN Energy Solutions has commissioned 24 × 18V51/60DF dual-fuel engines for Karpowership's fleet, which can operate on bunker fuel or LNG, to support energy supply in various locations including Panama.

Regarding Question 2, the Panama Tender said that power plants must convert to cleaner fuels within 36 months, the Tender only stated LNG and LPG, which in some cases requires replacing the power plant because some of them can't be converted to Gas. So it is great that our fuels are valid for the Tender as alternative fuels, we can target the power producers that would have had to replace their power plants at huge cost.

"Yes, we are aware. MSAR and bioMSAR are both classified as Alternative Fuels by the authorities in Panama, and hence can be considered in this tender for long-term Power Purchase Agreements as an alternative to LNG and LPG"

Information for the above, there's 87MW for one of them:

"Celsia Centroamérica highlighted during the first information meeting that it was told by Germany's MAN that the motors at the 87MW Cativá plant could not be converted, as MAN currently does not have that technology. In response, they made a proposal to supply a new engine, either LNG or LPG; therefore, the question is, will this action allow the change," added Celsia, whose inquiry was echoed by Sparkle Power and Tropitérmica."

https://www.bnamericas.com/en/news/panama-power-auctions-conversion-clause-draws-inquiries

All Panama power plants, look under 'Térmicas (MW)'

https://sitr.cnd.com.pa/m/pub/gen.html

It's great that "Import permits have been agreed in principle" and it's only QED's supply side that needs to be set up, then it will be all systems go.

I'd hope that they can complete this work in the next month or two so commercial supply agreements can be signed off with multiple Central America clients (Panama, Honduras, etc). Feel free to ask the question on the meeting if you want their clarification on this.

This morning the rest of my questions were answered, you'll note I was correct with my recent posts about MSAR going commercial after it's PoC. I hope you find these answers more useful than the comments certain people leave on every post I make, filter them, not me, I'm here to help.

Your pre-submitted questions:

Question 1: Peter, you said in your interview this week "particularly MSAR offers price competitiveness, so that's where our focus has to be", so is the intention to roll out MSAR commercially once the PoC data analysis is done and the PoC signed off as successful by MSC?

Answer1: Correct, subject to securing a refinery offtake agreement.

Question 2: Are you aware of the Panama 01-26 power tender, where thermoelectric plants running on bunker or diesel that win long-term Government contracts (2026-2038) must convert to cleaner fuels within 36 months and, is this a target for bioMSAR / bioMSAR Zero with any of our Panama Clients?

Answer 2: Yes, we are aware. MSAR and bioMSAR are both classified as Alternative Fuels by the authorities in Panama, and hence can be considered in this tender for long-term Power Purchase Agreements as an alternative to LNG and LPG.

Question 3: We were advised that the Panama fuel permits were expected to be received by the end of 2025, what has held them up? Are you working with Government on getting our fuels cleared to be used as 'cleaner fuels' as per the Panama 01-26 Tender, is this part of the permitting plan now?

Answer 3: MSAR and bioMSAR are both now classified as Alternative Fuels by the authorities in Panama. Import permits have been agreed in principle, however we need to secure a residue feedstock supply and the related logistics contracts needed to complete this process and pay the import permit fee.

Question 4: With the OCP trial, are you looking at setting up Mediterranean fuel supply as previously, or would the fuel now be made in Antwerp and shipped to Morocco?

Answer 4: For post-trial commercial supply, we are looking to secure a Mediterranean based supplier.

Gr1bbler,

That was only 40 shares, just an ii adjustment trade, I wouldn't call it a meaningful trade as those are always done at full advertised ASK. The 2.386 was meaningful at 155980 shares.

Highest price so far today

2.386 155980

Did anyone get any answers? Did you buy on the answer you got? 🤔🤔

Nice trades appeared.

2.2 712840

2.2 750000

2.27 500000

2.354 375000

2.27 575000

Plus several buys around 2.3p showing as sells.

AKHM,

With 2 billion shares in issue I'm not at 1% yet, but if I keep buying it wouldn't take long at all.

The stock was hovering around 4p for 10 months of last year, so it's a perfectly reasonable 'recovery' target. Higher prices would, as per last year, require one of the projects to make the next step (MSC, OCP, Panama), three possibilities to get the next leg up.

There we go, it's 2.26p start to the day.

Yesterday I said my thoughts were possibly 2.25p to 2.3p today prior to the IMC meeting. From the chart it appears to have opened at 2.25p, so maybe even higher than 2.3p by the time the IMC meeting starts.

My very recent 2m of buys at or below 2.07p not looking like the bad decision some wanted to try and CONvince others it was.

"Iran war fuel crisis gives electric cars a long-term boost"

https://www.reuters.com/markets/commodities/iran-war-fuel-crisis-gives-electric-cars-long-term-boost-2026-03-24/

"Used EV sales jump in Europe as Iran war drives up petrol prices"

https://www.reuters.com/business/energy/used-ev-sales-jump-europe-iran-war-drives-up-petrol-prices-2026-03-26/

"Iran conflict shifts battery upside to BESS and wider electrification - Fitch"

"According to Fitch, the demand for BESS should rise even if the Iran conflict is resolved shortly, as the related gas disruptions make electricity supply more expensive and less stable in markets reliant on gas-fired generation, and energy security becomes a more immediate policy priority."

https://technode.global/2026/03/26/iran-conflict-shifts-battery-upside-to-bess-and-wider-electrification-fitch/

Even USA BESS is booming, check out the pipeline!

"The United States added 18.9 GW of energy storage capacity in 2025, a 52% increase year on year, according to Wood Mackenzie."

"Drivers for utility-scale deployment include tax credits, system costs, and offtake agreements with utilities. The utility-scale pipeline includes 152 GW of projects in databases and 530 GW of projects in interconnection queues as of the fourth quarter of 2025. "

https://www.pv-magazine.com/2026/03/25/us-installs-record-18-9-gw-of-energy-storage-in-2025/

Check your IMC Questions, one of mine has already been answered.

Nice, decent jump too

+260 now at $2260

EV sales have rocketed globally due to trupm's war of choice. Renewable energy interest also shooting up as countries want energy independence via renewables with battery storage.