Member Info for haggismchaggis1

Shell????

CP,

If Morocco goes to commercial agreement, and LONO trials with MSC commence, ii's will be queuing up to throw money at QFI.

Part of the loss is one-off costs that won't be replicated in this financial year. Cash level looks fine based on the plans to reach commercial revenues, even with the small delays we've seen.

From the Chairman's Statement:

In February, I also stated that our immediate priorities were to determine which of our projects would be able to achieve revenue generation and positive cashflows in the timeliest manner and within our available resources, and to position Quadrise squarely amongst the growing cohort of Green Economy companies.

On the first of these priorities, it has been pleasing to note that the progress achieved to date should enable Quadrise to become revenue generating within the current financial year. Our flagship project with MSC has reached the milestone of a signed Framework Agreement and trials are expected to commence in early 2023. In Morocco, with preparatory work now complete, we expect completion of the trial early next quarter. In Utah, the commencement of drilling by Valkor and their partners will provide the oil samples needed to progress trials and commercial agreements. The agreements in place provide a clear line of sight from trials to commercial revenues.

The Company's immediate future will be to a large extent determined by our ability to deliver on the projects in hand, but it is pleasing to note the increasing enquiries from potential customers and partners who are interested to work with Quadrise and our real-world decarbonisation solutions. Once we secure our first commercial agreements, we should be confident of further growth.

I remain firm in my belief that Quadrise's time has come and am delighted to lead an experienced and determined board. Together with management, the board looks forward to driving the Company towards commercial revenues and generating value for our shareholders, whom I thank for their support and engagement throughout the year.

46,

Worth noting that part of the losses was for fuel production, so money will come back from the Morocco client for that fuel when the trial in completed in early Q4.

"Loss after tax of GBP2.6m (2021: GBP4.3m), of which of GBP1.5m (2021: GBP1.4m) is attributable to production and development costs and GBP1.4m (2021: GBP1.5m) relates to administrative and corporate expenses."

A little reminder before the results RNS and conference call:

MSC said 'WILL' on an official press release on the official MSC website.

"MSC will trial the use of Quadrise’s oil-in-water emulsion fuels (MSAR and bioMSAR)"

https://www.msc.com/en/newsroom/news/2022/september/msc-rallies-net-zero-momentum-at--maritime-transport-efficiency-conference

Conference call:

QUADRISE FUELS INTERNATIONAL PLC
Final Results
4th Oct 2022 at 10:00am BST

Register for free if not already done, then add QFI to your companies list.

"You can pre-submit questions directly to the company up until the day before the meeting, in addition to asking questions during the live presentation. Whilst the Company may not be in a position to answer every question it receives, it will address the most prominent within the confines of information already disclosed to the market."

https://www.investormeetcompany.com/

Yes, moored in Ghana for 2d 4h 10m

https://www.vesseltracker.com/en/Ships/Msc-Leandra-9313943.html

Having the intelligence of a scarecrow, he's always outstanding in his field!!

Alt,

Because they are deceitful lying con men that would rather destroy all positive sentiment in a listed company than to be honest and just let the market do its thing in the hope that their choice to sell was the right one.

What's really funny is that if they have actually bought in now, they have created a massive mountain of poor sentiment for the stock which they themselves need to overcome before they make money. That just shows how their greed took over their lives completely and destroyed any ounce of sense that they 'might' have had.

iantobach,

I see no reason to have any concerns about MSC Shipmanagement Cyprus when on 29/09/2022 in an official press release their CEO "Prabhat Jha, went on to highlight MSC’s partnership on a proof of concept with fuel supplier, Quadrise, to use cleaner and more efficient fuel. MSC will trial the use of Quadrise’s oil-in-water emulsion fuels (MSAR and bioMSAR), which produce 25% less NOx and lower CO2 emissions. Trials are set to commence in Q1 2023 and to be completed by Q3 2023."

You can't get a clearer statement of intent than that!

Pretty clear that it's viable to sell for local power and marine, they just need to sort out the buyers of it. With marine sales quite likely (but not definitely) dependent on MSC trial success, they have to be concentrating on local power users first, those that use HFO on their own sites to generate their own power and are thus fully in control of which fuel they choose to use.

"The testing program at the QRF confirmed the ability to produce commercial MSAR® and bioMSAR™ fuels from the sample of heavy sweet oil provided by Greenfield and a report of the testing results has been issued to Tomco. Simulations of storage and handling of both MSAR® and bioMSAR™ produced were also completed during the program which indicated that commercial production of MSAR® and bioMSAR™ fuels would be possible in Utah for potential power and marine end-user applications domestically and internationally."

Just one of hundreds of thousands of investment possibilities for this stock, yet you seem to be trying to come across as one of the investment guru's that you are slating LOL!

You win the hypocrite of the week award.

Next time AFC goes to 80p it will go a lot, LOT further this time, because it will be built on sales of the Power Tower and S Series, so feel free to sell out at 80p and we'll never see you again because it will never be going back to 20p for you.

Just one of hundreds of thousands of investment possibilities for this stock, yet you seem to be trying to come across as one of the investment guru's that you are slating LOL!

You win the hypocrite of the week award.

Next time AFC goes to 80p it will go a lot, LOT further this time, because it will be built on sales of the Power Tower and S Series, so feel free to sell out at 80p and we'll never see you again because it will never be going back to 20p for you.

The big update Monday should put all this nonsense to bed. Get a grip lads.

I'm still averaging up with a long way to go to get close to the current SP. I doubt I'll get close, as I'm yet to win the Euromillions jackpot, and the SP is more likely to skyrocket before I do!

Telecom,

Bronte should have closed at the previous low, where the price hit 17.84 on 5 July, or yesterday at 17.16, but they did neither. In fact, they kept the short in place from 17.84 on 5 July right up to 34.50p on 16 Aug without knowing it would drop again after that.

This suggests to me that the short is really only there so they can squeeze PI's out whilst picking up the cheaper stock for long term funds, because if it was just to make money from the short they would have closed out a long time ago, when the price was rising from the low on 5 July, but they did not.

Either that or they are the most useless shorters in the history of shorting, and take investing advice from DW and Garmoan LOL!!

Bronte, continuously 0.5% short since 31 March 2022
https://www.fca.org.uk/publication/data/short-positions-daily-update.xlsx

BF,

I wouldn't touch that Caroil Rig with a bargepole, but more importantly I don't think that ARA would either.

ARA ara(!) very professional outfit, with $140m to spend on this project. Why would they use an ancient rig that is not really up to the very high-pressure gas they are targeting, instead of spending some money getting a much more capable rig? They are not Aminex many years ago trying to work with a limited budget. I would expect them to use a much more capable rig that can withstand the pressures that halted the Likonde drilling and effectively caused the reservoir damage to NT-2.

NT-2
"Due to strong gas influxes encountered while drilling through the reservoir section, and in order to preserve the safety of the well operations, Aminex was required to increase drilling mud weights in order to maintain well control and operate within safety parameters. The higher than planned mud weights resulted in reservoir invasion which tempered overall test performance."
http://www.energyglobalnews.com/aminex-ntorya-2-well-tested/

Also, the Caroil rig being on site in 2017 does not tally with the plans by ARA to ship a rig to Tanzania in November 2020, why would they ship a rig to Tanzania if there was a suitable rig already in Tanzania waiting to be used, unless of course the Caroil rig is deemed by ARA to not be suitable, or the off chance it was not available, although if stored on site that would not be the case anyway, and unlikely it was not already in Tanzania.

November 23, 2020

"In parallel, APT will commence with the contracting and procurement of the services for the Chikumbi-1 well (CH-1). Since assuming the operatorship, APT has reviewed the well design, data acquisition and formation evaluation strategy, completion design and well testing plans for the well. The outcome of the review has been to further integrate the learnings from the previous wells to the design parameters for CH-1, optimisation of the data acquisition plan to better align key objectives and reduce costs, and an update to the well testing design to capture key data for the development including a simplification of the proposed completion programme to optimise testing results."

"With the well now confirmed it provides the basis for contracting the necessary services to execute the programme. APT will now progress with securing the Long Leads Items including the well head and rig. The joint venture will look at the option for an early mobilisation of the rig to Tanzania in order to mitigate against one of the key uncertainties on the timeline to spud."

https://www.oilnewskenya.com/tanzania-ara-petroleum-to-commence-contracting-procurement-ahead-of-ntorya-gas-discovery-3d-seismic-programme/

RE: "Today the business of Construcción of ACCIONA has completed 300 hours of "zero emissions" electricity supply in the booths of the Work of the new access road to Alcalá del Valle, CA-9107, in Cádiz, thanks to the pilot that is being carried out with our friends from AFC Energy plc."

Here is a bigger news item about the project, use Google translate if you don't know Spanish:
https://www.europapress.es/esandalucia/cadiz/noticia-junta-avanza-obras-nuevo-acceso-alcala-valle-cadiz-mas-70-ciento-ejecutado-20220929171148.html

And an older one written in English:
https://euroweeklynews.com/2021/07/09/new-access-road-into-the-cadiz-town-of-alcala-del-valle-to-be-built/

When life gives you lemon ties, make BioMSAR! :-D

PoC,

Yes, it would appear from what AEX have stated today, that the decision has already been made to drill from the existing pad. It could also be done as early as the start of November, which is 4 full weeks and 4 days away. As you say, they were prioritising the well location data for interpretation, so based on today's advisory it does not look like the spud date is dependent on that any longer, leaving rig deployment as the main factor in the timing (when exactly in November) of the spud. So that next news could be either rig contract or (if that has already been signed) spudding date, but I don't see 8th affecting that RNS, as it's based on the already interpreted 3D data?