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46G..Even if they appoinced a new CEO today I doubt they would start by the end of September/early October.

I agree maddog. The 3 main projects are more or less at a standstill and I can only see news this qtr from Sparkle. We will get the final results at the end of September with an IMC where AM will get a grilling and he will just say we can only go by the clients timelines.

AKHM...You state exciting times but our 3 main projects are more or less at a standstill.

SC..About time you got your head out the clouds. You thought the MSC trial had started. They don't even have the eqipments at Mac2 yet. You thought the Sparkle trial had started. WE know it hasn't. Please don't tell us you see a guy that looked like JM sailing a yacht and the trial has started.

'QED is not BP! When you have NO income, SOME income is very relevant!'

1005 correct. It is material news for QED.

Trio provided the below update on Aug 7th :

PR Spring, Uintah, Utah

Testing continues with downhole heaters to be followed by chemical squeeze at nearby Asphalt Ridge's two test wells to determine the most economical oil extraction process. Asphalt Ridge is located in the same Uintah Basin as PR Spring with similar geology and formations.

PR Spring is known to be located in one of the largest tar-sand deposits in North America outside of Canada, and establishing first-oil at this project is of utmost significance to the Company.

Trio has an option to acquire 2000 acres.

Contains an estimated 6.75 billion barrels or OOIP within the Uintah basin boundary.*

Ultimate recovery of 300,000 barrels of oil per well.*

2000 acre parcel will support up to 1000 wells.*

Potential to provide upwards of 50,000 barrels a day when fully developed with approximate 20-year life.*

Initial total drilling and completion cost of less than $800,000 per well and declining with scale.*

Trio's obligation is subject to the two test wells previously drilled at Asphalt Ridge producing 80 BOPD combined for 30 consecutive days.

* report provided by Dr. Douglas S. Hamilton Ph.D. in geology and Optimization Study by Dr Amanda Bustin, President of Bustin Earth Science Consultants

Very slow progress and still no news on the samples which suggests QED still have not received samples that are not contaminated.No wonder Utah was not mentioned on the recent email from the company.

'She found out that MSC was a big company with plenty of other priorities....'

Indeed and now you ahve to wonder what she does all day.

'We are doing all we can from our side to progress the MSC agreements but MSC are a huge company with multiple priorities.'

So why did AM state the bilateral agrrements should be completed very soon in his last update. ?

SR...It is very obvious he meant on paper they are under water. You need to stop twisting people's post's to suit you.

Moonsoon..you have summed up ther current position very well. May I add the current business model for the company is to spend £3m of investors money each year with very little progression in the projects each year.

Looks like sub 3p is on the way..

You can't blame them for dumping that 1.5m.

I will be amazed if the Morocco trial starts this year. Our kit has been in Morocco for 9 months now.

Does anybody know if they have finished building our yacht yet ?

SR...You need to read my post again and pay attention to detail more. I refer to tangible news as in physical progress in a project. That last happened in Nov 23. Tangible progress will only get to us to the main goal.

'Fyoz, all or any announcement will be out of the blue….. we were told to expect progress in Q2 25'

Exactly Monsoon and the last tangible project progress RNS was in 2023 which was the Morocco pilot trial.

SN88...Do not be suprised if there is no news on any of the projects you listed this quarter.This is how QED roles.

But didn't AM state to us 'very soon'

What utter garbage.

Bingo...look on the bright side if you have 2 8's you still have 2 fat ladies.

What is staggering about all this is in March JM informed us there was plenty of news on the way in the next few months regarding project milestones and here we are in August and we have had absolutely none. Unbelievable Jeff.