Member Info for haggismchaggis1

DoN,

Also great that the 'complex' Morocco agreement was scrapped, and now we just do Site B and then commercial supply, removing the Site A trial from the route to commercial supply, thus speeding up that target.

Having now watched it twice (in case I missed anything), it's an excellent interview, with more detail than the RNS, and clearly shows there is A LOT going on behind the scenes, and that QFI are on it!

Having now watched it twice (in case I missed anything), it's an excellent interview, with more detail than the RNS, and clearly shows there is A LOT going on behind the scenes, and that QFI are on it!

Thanks DoN!

Johnny,

Not $3Bn profit.

"In its business update Plug Power said it could be seeing $3bn revenues by 2025 with a 20% margin"

Oil, yum yum!

Ah! Here we go! Exactly what I was saying.....

PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2016

"The Ntorya-3 reservoir is expected to be encountered further up-dip from Ntorya-1 and Ntorya2 and envisages testing a further 323 BCF as independently attributed by LR Senergy gross best estimate Prospective Resource (945 BCF gross Pmean gas in-place) across multi-zone potential."

"The well pad was prepared following the completion of the pad for Ntorya-2, but the well design for Ntorya-3 will depend on final interpretation of Ntorya-2 in order to intersect multiple stratigraphic units in the area which are potentially both oil and gas bearing."

Panch,

Yes, all idle speculation at the moment, and we can only guess what will happen after the 3D.

NT-3 was renamed CH-1, but if they were confident it was the right place to drill then they'd have drilled it already. I think after NT--2 they decided the 2D just wasn't accurate enough for the geology, and 3D was needed to place the well in the best place. So the NT-3 pad might turn out to have been the best place after all, and CH-1 gets drilled from it, but what are the odds of that when you look at the results of wells LK-1, NT-1 and NT-2 that were based on the old 2D? My guess is they will find a better place.

As far as I remember from back in 2016, the pads for NT-2 and NT-3 were done at the same time. So the location of the NT-3 pad was done prior to the basin remodeling after NT-2. Another reason to think it might not be in the optimal location.

14 September 2016 (SOLO RNS)
"The partners in the Ruvuma PSA are planning the drilling of two appraisal well in order to firm up these resource volumes and to commence gas sales negotiations. Two appraisal well locations have been selected, Ntorya-2 and -3, and it is anticipated that the first of these wells could be spudded before end 2016. At the time of this report site preparation is well advanced at Ntorya-2 location."

23 September 2016
"The Caroil 2 drilling rig is currently on the Ntorya 1 well pad and preparations are underway to mobilize the rig and equipment to the Ntorya 2 pad, which is 1500m away."

4 September 2017
"Ntorya Gas Field Basin Model Update"

PLUG ended up dropping 22% yesterday, after it's Q1 results appeared, showing a $35m loss.

Utter garbage. Conspiracy theory BS. Nobody circumvents the rules. I work for one of the top listed global banks, I KNOW!

Just add loads of EV chargers, it'll be fine!! (if they are off grid AFC EV Chargers that is)

USA
"Grid operators from a growing number of states are warning about electricity shortages as grids cannot cope with the imbalance between demand and supply heading into summer."

https://oilprice.com/Latest-Energy-News/World-News/US-Grid-Operators-Are-Bracing-For-A-Wave-Of-Blackouts.html

Dam nuisance! :-D

"Power dam delays Tanzania electric train launch"

Tanzanians will wait longer to ride on an electric train, thanks to delays in completion of Julius Nyerere Dam that is expected to produce electricity to power locomotive engines on the standard gauge railway (SGR).

According to officials, the construction schedule of the dam was re-done and the completion date pushed to 2024.

.. the Rufiji River power project, which was scheduled to start operating next month and supply 2,115 megawatts of power, will be completed in 2024. According to Tanzania Electricity Corporation (Tanesco) Director-General Maharage Chande various challenges meant the $2.9 billion project’s timeline would need to be stretched to "sometime in 2024 at the earliest."

Construction began in December 2018 with an initial completion timeline of 42 months. Mr Chande's announcement came on the back of recent revelations in a government audit report that the power utility is facing compensation claims from the contractors over breach of contract. According to Controller and Auditor General (CAG) Charles Kichere's findings, frequent power cuts at the project site had caused work stoppages that resulted in the contractors lodging a $8.53 million claim with Tanesco.

https://www.theeastafrican.co.ke/tea/business/power-dam-delays-dar-electric-train-launch-3807154

If you are serious then it looks like you've finally lost the plot. It's yet another baseless conspiracy theory, like all conspiracy theories, makes no sense when logic is applied.

Contrary to the doomsters, there is no significant shorting of SFOR, which has just been marked down along with the majority of the market, along with short term traders jumping out based on the charts, and other short termers jumping out and waiting for the Q1 update which they know will be nearer month end.

Shorting of 0.5% or more must be reported to the FCA, and if you check today's report you will see there is none.
https://www.fca.org.uk/publication/data/short-positions-daily-update.xlsx

Mucksy,

In any takeover, there is a high chance that the CEO would exit stage left, why do you think a risk averse guy like AB would even contemplate losing his job and getting less money for his stock than he thinks he can make from AFC being successful over the next few years.

The share price going up or down 0.25p bothers you and many others, why do you think that AB, with a massively bigger chunk of AFC stock, would not be bothered by having to sell out way below what he thinks AFC should be worth?

mucksy,

Did you forget that AB has a large holding in AFC in stock and options?

If AB wanted AFC taken over, he would want it done at a much higher price, not a much lower one.....

Panch,

That pad has been there for years, it's shown on the 2018 presentation. It was for NT-3, but it was based on the old 2D Seismic that has trouble showing the best location and direction for a well. I just can't see them drilling CH-1 from that pad after the high definition 3D Seismic is analysed.

"The conclusion of the board review is that the Company is on track to achieve its commercialisation targets"

QFI Interims Presentation from April 2022, as shown on the webcast with Jason, slide 11 shows:

MSC, Utah and Morocco agreements signed by mid-Q2, aka mid-May (NOT end of April)

Americas agreement signed by end of Q2 (end of June). Powerplant trial From partway in Q2 into early Q4.

MSC LONO trial starts end of 2022, finishes Q3 2023

Utah, finalise supply and license/sale of MMU near the end of Q3

Morocco Site B trial finishing partway into Q3, then site A completing end of Q3

https://wp-quadrise-fuels-2020.s3.eu-west-2.amazonaws.com/media/2022/04/QFI-Interims-Mar-2022-WEB-1.pdf

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Todays RNS states

MSC "Assuming timely conclusion of this framework agreement, and associated agreements with other project stakeholders during 2022, the trials themselves are expected to commence before the end of this calendar year, and will take approximately 9 months to conclude. Commercial supply of bioMSAR™ to MSC would then be expected to commence in early Q4 2023, following receipt of a LONO from Wärtsilä."

This is exactly the same timing as in the presentation, as per the above.

Utah
"Under the terms of the CDA, both of these Phase 1 activities are to be completed prior to 30 June 2022, after which commercial terms for an MSAR® and/or bioMSAR™ License and Supply Agreement at the Primary Project would be concluded no later than October 2022."

This is within the same timing as in the presentation, as per the above.

Morocco
"The Site B trial is expected to conclude in Q3 2022."

This is within the same timing as in the presentation, as per the above.

Americas
"Quadrise and its local agents, E&PC, are progressing discussions with several candidate sites in Panama and Honduras to trial MSAR® and bioMSAR™ later in 2022 at a power plant equipped with Wärtsilä diesel engines, as a precursor to potential commercial supply in 2023."

"In Mexico, the Company submitted a multi-site study to the National Oil Company supporting the implementation of MSAR® technology. Documentation is being prepared for one of the sites identified that could lead to a demonstration of MSAR® refinery refueling on a fuel oil consuming unit later in 2022."

This appears to be the only one that has no specific timings and might have slipped a bit.

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Based on the above, the doomsters have no case for their negative rubbish, it is either their misguided sentiment, or they just want to keep the price down while they continue buying, IMVHO.

Another doom and gloom poster for the filter. Where do they come from? Have they even read all of today's RNS? Do they even understand what has been said? The mind boggles that these people are out there investing!

Alt,

I'm pretty sure he posted that one earlier this year when it was dropping too.