Member Info for Fyoz

"I guess that's what another false dawn will do for you...."

What false dawn was that Wonga? Are you referring to the new opportunity that came completely out of the blue? So with that, plus Morocco and Ecuador we have 3 ongoing projects

You really are a 'glass half full' type aren't you?

"In that case I might still invest if it’s not too late"

Ask the ones with 30p+ averages if it's too late

Welcome 'Watertower'

You might also be a big winner if you've just bought in. Some LTH's here are sitting on 20p+ averages

I like the look of this tar sands opportunity but it's only one iron in the fire, and we have several on the go now

Indeed Grumpy, probably one of the best interviews he's given. Maybe he has some flash cards up on the wall with salient points to make, but it's a very confident and informative performance with some real nuggets revealed

Regarding the tar sands project I really like his comment "QFI is the key to unlock heavy oil assets"

Persimmon "The other 'plays' will not save it from becoming a minor fractional penny stock price. "

That's lame even for you, I'm sure you're fully aware that it's the sale of the assets where the money will be made not in an improved SP. Still why not spread a bit of FUD eh, especially if you're still hoping for a lower entry

With thanks to Vince72 on the forum

https://www.proactiveinvestors.co.uk/companies/news/922122/tomco-energy-oil-sands-project-moving-forward-922122.html/long

Great find MG85

Surely our BoD should comment on this?

I hope our management give Chinese companies a wide berth right now, until they improve their attitude regarding respect of intellectual property

The business model is to find undervalued assets, prove them up, sell them and return proceeds to shareholders. Rinse and repeat

It's the qualifying cut off. Only those holding before the ex-divi date are entitled to the dividend

I really hope that when they announce a sale and hence a special dividend, that it's already gone 'ex-divi', so that the lurkers and de-rampers miss out

That will be so sweet

West Newton development plan has been given an AA rating by GaffneyCline for carbon intensity, the best possible grade for low carbon emissions from potential upstream crude oil production

Betamax had a production run of 41 years and was very popular in Japan

Come on JGC, pull your finger out

noosking "Well Fyoz as eternal optomist what are the odds on that ever happening??xxx"

I've always considered this a binary bet, all or nothing. So, if we say it's 50-50 success or failure then it's even money we get some kind of return, from where we are now. I know many have a high average price so that's why I'm saying from where we are now. So what would a contract put on the SP? My opinion is if it's of the Morocco kind, saving client overheads in an industrial application maybe 10p, depending on the volume of MSAR obviously. I also think the first contract will carry a 'it does work' premium, but I'd be happy with 10p off Morocco. But what would one of the 'near miss' big contracts add to the SP, The likes of KSA or Maersk? Well we were at 50p or so during the time of the POC trial, but we've suffered some dilution since then, so perhaps 35p for a Maersk type deal. A corker like KSA could be 50-70p. So back to your question of the chances of getting to 22p, I'd say better than evens, maybe 60% in our favour

Still all to play for regardless of the current SP

Well if we could post 'emoticons' mine would show Anticipation

Wonga "but if someone offered me 4p for my entire holding now, I would take their hand off."

Yes me too, but only if I could buy back in a again. If it was a 'sell and stay out' offer I wouldn't accept 4p, and I assume many others wouldn't, as that price was easily achieved less than 12 months ago

The first meaningful commercial contract signed will see 4p smashed, and yes I expect that to be well before year end!!!

The company may not even exist in a year's time. WN could get sold off this year, Parta soon after. Doubt they'd keep California in that event, auction it off and close up shop. Wouldn't surprise me if they haven't already decided what they want to do next as a new venture

Kettle

Just looked at a couple of others that you follow and Eddie Stobbart or Aston Martin could have lost you a similar amount depending on when you bought into them

Ask yourself why you invested £14k in QFI in the first place, and are the prospects better or worse now than they were then. I'd say for the real long-termers the prospects aren't as good now as say when we were starting the LONO trial with Maersk, or when they were trying to get signatures on 7 different contracts in Saudi Arabia. But those opportunities didn't materialise, and we were left with having to change strategy and go after new markets. But from those dark days I'd say we're in a much healthier position, and strangely enough those 2 missed opportunities are actually still possibilities

I can't say whether you'll get your £14k back, but from where we are right now, I'd say you've got a decent chance of recovering your initial stake. Would one decent contract take us back to 15p? I'd like to think so, but I am an eternal optimist and believe that MSAR is not too good to be true

And your point is?

Under 1p, under 10p so what. Most here are waiting for 30p+. We've waited this long a little while longer won't matter

Morocco will open soon then the paid trial begins. I don't really care if we're under 1p, it's the outcome of that trial and the other prospects that count

Wonga

So your comment about 'we are going nowhere' was specific to the SP? Because if you believe the RNS's (why wouldn't you if you're still invested), we're not 'going nowhere', we're just about to start a paid trial in Morocco. So I was responding to your ambiguous comment

The current SP is largely irrelevant at the moment. We don't need to fund-raise, so unless you need to sell it's just a number

I really don't understand long-term holders losing faith now. If you believe the BoD and the amount of opportunities that are being generated you should be looking forward to a very exciting time (in my opinion). Where would the SP be if Maersk hadn't changed policy. Or we hadn't got tangled up in the unpaid electric bill in SA. Either of those contracts would have made this company, both? We'd probably have been bought out by a major for a very hefty price. It's all still to play for, definitely not the time to be emotionally throwing the towel in. Less than a year ago Mike Kirk was topping up his ISA at 7.1p per share

Keep the faith