RE: Bounce22 Jun 2020 16:09
Tomco and Valkor have formed a JV, Tomco have the Oilsands leases and Valkor are a well run private company with technical skills and take on big projects make them profitable and some they sell to the bigger companies, Valkor have taken over PetroTeq’s oil sands plant which already has produced heavy oil from their plant at Asphalt Rigde with their patented tech CORT extraction process and now with Quadrise tech their going to upgrade the plant to run marine grade fuel which sells for a premium without the need to refine at the refineries, so this fuel can sell for circa $72 a barrel, there’s 88m barrels at asphalt ridge, and lots with at Tomco acerage, once the plant is running then 2 more 10,000 barrel operating plants will be built one at Asphalt ridge and on Tomcos leases!