Member Info for Fadec92

They have approved the operations going ahead, but the drill process still goes through it’s own process, they have been declared on the 21 sept so the APD Permits to Drill have been in over 7 weeks, the land info with leasing is checked the site plan dimensions roads in/out with the 40 acres spacings of the well the wellbore diagrams all this should be in the Application.

It does make me wonder on a personal level how other companies that drill for oil get a kick up in share price when a company drills, we all know them companies and it happens on a yearly basis in some, this one is for the recovery of over 50% of the oil saturated formation as EOR (Enhanced Oil Recovery) the ultimate recovery is multiples of standard wells ie horizontal fracking wells are circa 10% obviously it mattters on the project but cracked wells are very low recovery compared with an EOR project, plus the capital costs should be much lower as a vertical well perforating 2 zones and another well injecting steam and CO2 costs compared with miles of formation coverage by a horizontal with 50-70 frack stages and the sand chemicals these wells costs are much lower.

Say for instance it’s a successful then doesn't that bring the possibility of opening up a lot of acres in the Uinta basis that 30 billion barrels that Valkor talked about in the board meeting.

Surface mining and Subsurface extraction I think it does open that possibility obviously not going to get 30 billion barrels but with a successful pilot program that’s the Surface and Subsurface de-risked and then it gets a lot more interesting…

Formation core saturation information are saying that the formation is highly saturated in the range of 68% & 69% oil with the thickness of zone combined 210ft in the Rimrock and Asphalt Ridge Members

It’s a complicated agreement and I’m sure it’s going to concluded, what is the factor of closing the deal is something we don’t know and it can come at any time, we all have our own theories as to what that could be, but what we do know is that a best part of the go ahead with the board commission is to go ahead and action the project, look out for the drilling permits next with site preparation in progress, and then the drilling will start.

https://twitter.com/fadec92/status/1589314625337982976?s=46&t=WX0uk2zZ4iTehFlRY23DtQ

Div. of Oil, Gas & Mining
PETROTEQ ENERGY INC

Thank you for your guidance on Petroteq's plan lo relocate the plant to the new lease and the remediation pro.1ect. Over the last few months, Petroteq went through a potential buyout offer, board member changes and management changes. This limited our ability to focus on the plant relocation and remediation project. Which lead to delays in the timing of the projects. Your patience and support during that time is greatly appreciated. Now that we have settled our internal affairs, the remediation project is one of our main priorities.
Please find below our suggested project milestones with timelines.

1. Finalizing competitive bids for the plant demolition - 3 weeks starting September 20,2022, through October 11,2022.

2. Plant demolition/disassembly and preparation for the move - 60 days starting October 12,2022, through December 12, 2022.

3. Preparation of the new plant location site - 30 days starting November 12,2022 till December 12,2022

4. Relocation of the plant to the new site - 45 days starting from December 12,2022, till January 27 ,2023.

5. Remediation of the Temple Mountain site is estimated to take 30 to 45 days. Taking the winter season into consideration, the soil remediation cannot be efficiently completed until mid-April when the frost has cleared. Start date will be April 15, 2023, with completion by May 31"1,2023. These dates are subject to the weather and soil conditions. The remediation process can be started earlier than April 15, 2023, if weather permits it.

It’s surprising that with a clear signal from the people that matter that there is no institutional buying. There has been some big buying but that counterbalanced the bridging loan shares being sold on.

Couple of buys off the bat when US market opened.

At least the TomCo Twitter site is alive!

It would be very hard to ramp hashtag Tom as it’s got to get more publicized than the wacky Japanese and Chinese anime!

Uintah Basin has 30 billion not 1.2 billion barrels, where are these Twitter rampers? Have I blocked them all don’t get that.

Will we get an RNS later.

There's usually a release of a delay to the repayment to Valkor on the morning of the date of repayment which should have been this morning looking back at previous news release.

I’ve cut the video to the right section needed.

https://twitter.com/fadec92/status/1585562008342220801?s=46&t=EFnXKItMQI5XUIizbiyrBw

But Valkor’s agreement with Tomco for 29% will have at that time of finance so they are not going to be diluted on their figure, but why is the percentage 25% instead of 29% will we probably know soon as there so much speculation with them comments under oath.

If that’s not a buy signal to the market then I give up!

100% he did, I’ve watched it over and over!

I don’t think it could be an error… there must be an agreement in principle!

Did you hear in the board meeting it said that someone owns 25% of TomCo? What going on?

The reserves report in January news release doesn’t include the heavy oil in the subsurface looking at an old report it says there is an extra in the Rimrock Formation :-

D-Tract - 25.6m barrels (25.6MMbbls)
A-Tract - 19.1m barrels (19.1MMbbl)

So above is just the Rimrock member an extra 44.7million barrels that hasn’t been mentioned but we have an Asphalt Ridge formation that is undefined because it wasn’t completely drilled so I guess that’s the reason the extra coreing work was undertaken earlier this year, so we should get an upgrade on the reserves at some point and would definitely double the resource available, this work is public but one has to do a bit of digging to find.

Thanks Dustofnations that sounds a better fit to what the reason is for the grant to motion the exhibits.

The new 4 well drilling is separate to the ones drilled earlier in the year, those were to examine the cores and wire line logs were taken and showing two zones of highly saturated heavy oil, the Rimrock and the Asphalt Ridge Members, all in 210ft of payload.

In other news Greenfield have had their motion excepted, Motion for Leave to File Petitioners’ Exhibits on October 11, 2022 in support of the hearing scheduled in this matter on October 26, 2022 and finding good cause therefore, hereby GRANTS said Motion and instructs Petitioners to file their exhibits with the Board on October 11, 2022.”

Don’t quote me but I think this is to pre-present the presentation to order to just motion the permits!