Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It will be too hard too fund though placing, with the economics of the plant being so attractive they will fund with investment firms taking a cut out of the project, the Feed is golden and will support the gathering of investment, they should realistically be able too choose out of a number of firms too take forward there is only this option imo!
All good here!
http://www.kahunausa.com/
Why Projects like this are very important for a domestic US supply, low capex, low cost per barrel high margin and an in demand market!
U.S. shale's just-in-time deliveries made it the Amazon of the oil industry. But now its Prime Days are over
“We have entered a post-shale world in which energy markets will increasingly be reliant on long-cycle investment to generate sufficient production growth to satisfy what will likely be at least another decade of oil demand growth. With growing environmental, social and governance, or ESG, pressures and an already 7-year stretch of insufficient investment, the misnomer that U.S. shale supply would satisfy demand growth for years to come cemented in the reality that long lead projects such as oilsands and offshore oil will not be able to sufficiently grow over the near future. The world is heading towards an oil supply crisis and ironically U.S. shale played a key role in creating it… the myth of supposed oil shale abundance will in reality end in oil scarcity.”
“U.S. shale companies focus on returns over growth their attractiveness to investors given very compelling free cash flow yields and commensurate ability to return capital back to investors should result in continued energy stock gains. The oil party has just begun.”
https://financialpost.com/commodities/energy/oil-gas/eric-nuttall-u-s-shales-just-in-time-deliveries-made-it-the-amazon-of-the-oil-industry-but-now-its-prime-days-are-over/wcm/f66d376a-67ea-40c9-9c21-54c1eaa0a331/amp/?__twitter_impression=true&s=09
It’s not easy with the US market regulators, if an offering to the North American market it has too be carefully orchestrated, once an offer is made it has too keep too a strict timetable governed by the most stringent market Petroteq is traded which would be the SEC in US!
https://twitter.com/petroteqi/status/1411749848458596353?s=21
https://twitter.com/petroteqi/status/1411749848458596353?s=21
https://twitter.com/petroteqi/status/1410317618448408578?s=21
Here’s the Quadrise Section!
A demonstration trial utilizing MSAR® technology is expected to be conducted by Quadrise Fuels International plc (LSE: QFI) in the post-processing sequence of Petroteq’s produced bitumen oil. Management anticipates that a sample of produced oil will be shipped to Quadrise in the UK for assessment by the end of June 2021.
MSAR is a power grade, synthetic heavy fuel oil, manufactured through a proprietary technology that mixes heavy oils with small amounts of specialty chemicals and water to create a low viscosity, emulsified formulation, which is environmentally-friendly since it burns almost completely with a minute amount of carbon particulate in the exhaust). The sale of MSAR fuel, which qualifies as a bunker fuel, generally adds 20% more value to untreated heavy oil. The required capex to implement MSAR has an expected payback of 12 months.
https://twitter.com/petroteqi/status/1410317618448408578?s=21
All depends how much solvent is needed too be left in the final product as it reduces the viscosity, the MSAR technology will allow for the product too be viscous with the full amount of recovery potential, also the MSAR technology should increase the overall day output!
Plus the US import a lot of heavier fractions of oil due too a low domestic supply, heavy oil is hard too get because most of the unconventional technics cost a lot too recover drilling deep and using other resources too recover the oil!
It’s covered from the company that is selling the asset with the large scale mining operations permit the leased area with 60m barrels of proved surface mineable reserves, so for the price it’s an absolute steel and will position TomCo in a very good place with such a low MC!
So basically without exploring they will effectively become producers and get financiers too buy a project with one hell of a cheap break even price per barrel and partnering with an engineering company too build multiple plants!