Member Info for Hotfinance14

Vince....you seem very pessimistic and yet you stated you were crying with joy when it was announced the MSAR fuel was released from customs for our Morocco client.

The MSC schedule now shows that after leaving Coega SA she then goes to Port Louis and then arrives in Singapore on the 20th March. This is one day before the ticket runs out.

MSC Leandra is now docked in Coega SA. The satelitte picture shows a red image under her but that may mean nothing.

I have often wondered why our ship is often docking at Coega as it is a very small port/town. If you look at the below video from 11mins MSC has a huge logistics plant at the Nelson Mandala Bay Logistics Park :

https://www.youtube.com/watch?v=Cd0PXepnG-c

From the updated website link i get the impression the Aqufuel tests are complete.

Indeed MSC Leandra left Durban and is due at port Coega SA at 10pm tonight. She is then scheduled to leave on Monday to Port Louis arriving next saturday. She is then due to leave the same day and hopefully to China.

If our fuels are taken on by MSC you can guarantee other shippping companies will follow suit.

MSC Leandra was scheduled to leave yesterday.Hopefully she will depart Durban over the weekend.

It will be far more than double the current market capital.

Hazard identification is simply risk assessment, not really any need to disclose this as it’s mandatory for any task let alone a new trial. Operability studies will be copy and paste of the Msar studies of 2017

The question is when will this testing start and how long will it take.

Not much change in the SP as even thought the Watsilla results are a positive it looks like the goasl posts have been changed with further testing required before the trail starts.

Good results but we were given the impression all the testing required was to be completed thiis quarter :

From the January business update :

· bioMSAR™ and Blend-on-Board - Following successful completion of the bioMSAR™ tests in Italy in December 2022, Wärtsilä is now finalising the test reports which will be available for commercial purposes in Q1 2023. Separately, work continues under the Joint Development Agreement with Vertoro to investigate the use of their Crude Sugar Oils as an alternative biofuel feedstock for bioMSAR™, costs for which are now supported by the EU Innovation Fund.

Any comments Haggis ? As mastermind asks do you want to pass or do you have an answer ?

No approved wells = no funding in my book.

We started the UTAH projerct in Aug 2020 and nothing significant has happened. I agree Vince nothing is imminent with Valkor. They should of started on one of these other projects where JM stated there was an opportunity.

Looks like Tomco have big issues regarding any fundin. This mornings RNS :

TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, provides an update with respect to the Company's 100% owned subsidiary, Greenfield Energy LLC's ("Greenfield"), potential acquisition of the remaining ownership and membership rights and interests in Tar Sands Holdings II LLC ("TSHII") (the "Membership Interests"). As previously announced, Greenfield owns a 10% Membership Interest in TSHII and holds an exclusive option (the "Option"), exercisable at its sole discretion, to acquire the remaining 90% of the Membership Interests for additional cash consideration of US$16.25 million which was scheduled to expire on 28 February 2023 (the "Agreement").



The Company is currently in discussions with the counterparty to the Agreement with a view to seeking a further extension to the exercise period in respect of such Option. There can be no certainty that the Option will be extended or that the required funding can be secured to complete the acquisition of the remaining 90% of the Membership Interests. A further announcement will be made in due course.

It therefore looks like she departs tomorrow to Coega SA then on Sunday she leaves to China arriving 28th March which was what I originally expected. It will be interesting to see if this changes.

Methanol ship orders are increasing :

https://splash247.com/methanol-boxship-orders-growing-more-rapidly-than-all-other-fuel-types/

JackG...It takes on average 25 days to travel from SA to China so it looks like she will arrive after the 21st when the ticket runs out. It will be interesting to see when she actually arrives in China. I would imagine a few days late would not be a big issue.

Here is a video of MSC Leandra in the port of Itajai SC Brazil 5 months ago. She certainly needs a dry docking...

https://www.youtube.com/watch?v=vNi2CNk91x0