Member Info for Hotfinance14

Coldfish..I thought we knew who was supplyong the fuel :

Upon successful LONO trial completion and entry of a long-term fuel supply agreement, the parties plan to seek to initiate commercial MSAR® and bioMSAR™ bunker supply operations to the marine sector by Cargill through the MAC2 facilities in Port of Antwerp-Bruges on a permanent basis.

Https://www.linkedin.com/feed/update/urn:li:activity:7160654258118213634/?origin=NETWORK_CONVERSATIONS&midToken=AQGVBjUUWfURqA&midSig=1eIZEcMvHTmr81&trk=eml-email_network_conversations_01-network_post-0-actor_card&trkEmail=eml-email_network_conversations_01-network_post-0-actor_card-null-1n2nt4~lsm6mz3x~14-null-null&eid=1n2nt4-lsm6mz3x-14&otpToken=MWIwYzFjZTIxMzJiYzhjNmJlMmYwMmVhNDExN2U0YmQ4Y2NiZDA0NDkwYTg4NTZhNzFjNjAzNmE0YTVhNWJmM2ZjODE5MTkwNmZjZmIxZDY0NGE5M2IxN2FjZTY3MzUxNTU0YzA2MDlhMTJkMzMyZTQzLDEsMQ%3D%3D

It only fell to 2.22 due to that small sell. Small sells should be ignored.

Citylife...We had an update last week.

Many of us have had replies but it seems to be very random who they reply to. You can always ring the office and leave a message.

Cownos...when a departure date and time is confirmed I will let you know.

Crownos....for your reference she is due to dock at 7pm on Friday.

She is scheduled to leave Valencia today and arrive at Sines in Portugal on Monday.She then leaves on Tuesday and arrives in Liverpool on Friday.Possible viewing from the UK coast .

Not sure if this video last year of MSC Leandra entering the harbour has been previously posted :

https://www.youtube.com/watch?v=gnM3CE3qP1g

Note the comment about our fuel.

Good to see a decent rise in the SP today. Let's hope it gains some momentum.

The Times: AP Moller-Maersk, one of the world’s biggest shipping container companies, has suspended its $1.6bn share buyback programme and cut its dividend drastically after warning that overcapacity would send it into a loss for this year.

As we are all aware Trio Petroleum are now involved with the Valkor project as per the below article :

https://finance.yahoo.com/news/trio-petroleum-corp-announces-option-110000256.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cucmVkZGl0LmNvbS8&guce_referrer_sig=AQAAACBaIqe0I2tY3KS7nhfIjg-M8VmBMQBOvUjy-JJtz6YiN89XQpusL9WsSc9-bkjQqnFZYESYs4_gfKDrCvWEwUx_GXqy

In the article it states :

Years of work and millions of dollars have been invested by third party developers to acquire State leases and even change laws in order to obtain the ability to develop this vast oil field, with necessary permits now secured that will allow drilling to commence by our operating partner. Officials in the State of Utah are very supportive, giving incentives to move forward including requiring only an 8% State royalty.

It states the drilling permits are now secured yet in the directors interview JM stated they expect the drilling permits to be approved in the next few months. Can anybody shed any light on this ?

I have some friends currently on the MSC Eurebia travelling around northern Europe, They are most impressed.

'HF14 correcting posters for being too negative in their assessment. How quickly the world can change!'

Whether a post appears positive or negative it is irrelevent. Accuracy is the key thing,

Regarding Morocco from the AGM we were told the plan was to start commercial suppy for Site B with trials at other sites then running in parallel. I am confident this is still the plan. JM states in the interview... further testing at their main industrial sites AND commercial supply to site B.

'MSC trial will not commence in Q2 and depending on further delays maybe not this year.' Incorrect will be this year

'Moroccan client??? will request further testing before committing to a commercial supply contract. Again not by mid-year.' Incorrect as further testing is for the other sites.Our trial was at site B where the supply agreement is in process.

Good to see they have been prudent with cash and the project expenditure has been well below forecast. This should extend our cash beyond March but how far beyond is the big question.

Regarding Utah I thought the drilling permits had been approved as per the article regarding the $2m investment.JM stated they should be approved in the next couple of months.

Do you have the full link ?

Decarbonization at Cargill: Growing and moving the world’s food more sustainably :

https://www.youtube.com/watch?v=qHo8DutDo8E

'Further to the Company's AGM Statement on 27 November 2023, this Collaboration Agreement is the first of a number of agreements with stakeholders that are required in order to supply MSAR® and bioMSAR™ to the MSC Leandra for Proof of Concept ("POC") and Letter of No Objection ('LONO') trials commencing Q2 2024.'

As the trial start in Q2 these other agreements must be just around the corner..

Hopefully we hear news regarding the Morocco contract in the next few weeks with the fuel supplier announced which will be very interesting.