Member Info for Hotfinance14

This morning Astrazeneca announced that current revenues are $45bn and by 2030 they expect to deliver $80 billion Total Revenue. You can guarantee if JM was the CEO he would state the $80bn revenues are imminent.

Only a 1 month trial which seems very short.

Illuminate...you are totally deluded..Investors can state as they want. Are you going to tell the QED BOD they are doing an excellent job when the fact is they are not.Good lord.

Exactly as i stated. Expected signing of commercial contract mid year. Not ipressive at all and we know revenues are not expected to at least 6 months afterwards.Again not impressive.

I recall a chap under the name of Blackwash went to the visit and said he was impressed with the Morocco timeline. It would be interesting to know what this timeline was n as we have been told no expected revenues until next year.

Whiskyman filtered. Total waste of space.

All i did was correct those posters withe the correct facts, You are a troll that desperately needs counselling.

Whiskyman..I have just posted the facts regarding the building of the yacht. You seriously need some counselling.

Crownos...I contacted QED and they confirmed this about the yacht for the trial.

In relation to the recent RNS regarding Vertoro and the yacht trial some posters were speculating the yacht was already built and be ready for testing in the next few months. I can confirm the yacht is to be built from scratch as a prototype, albeit it’s likely to adopt many of the design features of their existing fleet.

Conclusion - A long time before any testing on the Yacht.

AKHM...I very much doubt there will be an RNS for such a permit.

Illuminiate..yes Tesla and Uber took time to become profitable but they had commercial contracts. QED don't have any.

Illuminate. Lets put things into prospective. The main point is there has been no commercial contracts and for that pittance of revenue of an average of £15k per year they have raised over £60m in funding.

Finals to 30 June 2022 - Revenue £75,000

Finals to 30 June 2021 - Revenue £17,000

Finals to 30 June 2019 - Revenue £22,000

Finals to 30 June 2018 - Revenue £9,000

Finals to 30 June 2017 - Revenue £126,000

Finals to 30 June 2016 - Revenue £2,000

Finals to 30 June 2015 - Revenue £66,000

Finals to 30 June 2009 - Revenue £3,537,000

SC said..what abou this ?

The revenue in the finals for 2009 was actually zero and not £3.5m. All the other years were mainly payments for work done and not related to any commercial contracts.

Who would of thought Utah would be our first project with tangible progress. The upcoming progress will be interesting.

This is what you said wrong :

'I understand the frustration but that is incorrect information, you can't say QED has never generated any commercial revenue in 20 years, otherwise it would be out of business for sure!'

The fact is they have never generated any commercial revenue in 20 years. They have never had a commercial contract. Surely you are aware of that.

'If by end of the quarter we still don't' have any MSC agreement signed, nor good Morocco news, I think we could even go back to sub 1p territory....'

Morocco amazes me. The trial was completed 6 months ago and we have heard nothing apart from they are working on an agreement. If i was the CEO of the Morocco client i would be telling management this fuel saves over 5% in cost so get the project completed and start using the fuel ASAP. Ah but we are told things work slow in Morocco.Good lord.

The downward trend in the SP continues. I wonder if we will go below the magic OO price of 1.25p.

100% Vince it won't just be the lawyers. This is just a trial and will not be the most complex of agreements.There are still negotiations going on for sure and as you state there appears to be no rush.

Drilling rig now on Utah site :

https://ir.trio-petroleum.com/press-releases/?qmodStoryID=8770630253578057