Member Info for jackg123

Hi BP, do you find that you have to sit down extremely carefully with your crystal ball, or do you find it makes snow over a christmassy village when you shake it. Either may explain its complete lack of seeing the future.

B.P. This is from Mike just over 2 weeks ago.

"The intention is to undertake testing during 2020 at the Petroteq Oil Sand Plant ("POSP") located at the Asphalt Ridge Facility in Utah, USA, which is owned and managed by Greenfield."

A week Monday, on the 5th Oct. we will have the results RNS which will contain another update. Given the timescales involved in getting our equipment and staff to Utah, it should provide some clarity.
Hope this helps

"So quite possibly 50p by Jan 3022."
There's a few on here, including myself, that might struggle to wait that long. (-:

No, not a third of a yard. Shame they keep wasting these red dots on irrelevant stuff, meat on the bone please.

Hargreaves offering 3.25 to sell, somethings a foot

The forecast has given rain for Wednesday BP, are you sure you read it right

you got something mixed up there torr

The conversion price currently stands at 1.5p from a short time ago but I wouldn't be surprised if the last conversion price of 1.2p still stands.

If you've not seen this its worth a look. Note around 3.54 in Quadrise technology is KEY to the process of unlocking the Value

https://www.proactiveinvestors.co.uk/LON:QFI/Quadrise-Fuels-International-PLC/

a commercial trial of MSAR® technology at a test plant to process up to 500 barrels of heavy crude oil per day on the Petroteq Energy Inc's site in Utah, USA which is managed by Valkor ("Phase 1"); and

· the development of commercial MSAR® plants of up to 10,000 barrels oil per day ("Phase 2").


As announced on 17 June 2020, both the Company and Valkor continue to believe that the use of MSAR® technology can add significant value to the development of heavy and paraffinic oil deposits in Utah. Quadrise confirms that it has agreed in principle to the deployment of MSAR® trial equipment for Phase 1 at a price of up to US$150,000. Additionally, Quadrise will continue to work in good faith to finalise the process design and trial agreement for Phase 1 with Valkor, including the terms of the scope and timing of the trial.

Torreaguas
There will be a trial agreement with Valkor or Greenfield for the 500 BPD trial, agreed, 4 months for 10,000 BPD contract. The 500 BPD agreement will help with the understanding that without MSAR the project is a non starter from a ROI point if view

Ohmetoe, Unless your looking to take a 10% stake in the company, the current buy in price is less than 1.9 pence.

No mate no numbers but as Fyoz stated a short while back the savings to KSA in excess of 500 million dollars PA if they choose MSAR. The QFI SP would be many multiples of todays SP

Torreaguas
This is the one LTHs have been waiting for,
Kingdom of Saudi Arabia (Al Khafrah Holdings Group ("AKHG") and Aleph Commodities)

· A meeting was held in Riyadh in early March 2020 with representatives from key stakeholders on the power project, initiated by the Chairmen of AKHG and a major KSA utility respectively. There was a positive and supportive dialogue at the meeting, where MSAR® project economics and environmental benefits were shared. Follow-up meetings are planned in KSA, once travel is permitted and the Company continues to liaise with stakeholders remotely.

Any news is welcomed but Saudi dwarfes the rest, get them flights booked

Still got the big sell orders on L2, thought it was cleared yesterday but back again today, lets see if another comes up once this one is cleared, that has been the pattern up to now. Fingers crossed its the last one

Doesn't look as though Bergens 22 million shares have hit the market yet, they are probably shifting a few million at 1.7 before further dilution. Three tranches 0f 2 million plus share sales have been on the books in the last two days, as one goes through another appears, they have up to 16 million at moment so if its them around 10 million to go.

Thanks BP I just cracked a rib

Looks like its in auction at 2.65, give it a few mins and try again

Investor 2210
Look at yesterdays RNS and take a glance at Half Year Report 30th March, Too much in pipeline too mention.
Hope this helps

Crude is 7.33 Barrels to tonne

The London-based oil shale exploration and technology company has placed 375.0 million new shares at 0.4 pence per placing share. Shares in the company were down 30% at 0.42 pence each on Wednesday morning.

Proceeds from the placing will be used by TomCo to form a new joint venture company Greenfield Energy LLC with Valkor LLC to pursue the development of an oil sands plant at Asphalt Ridge, Utah.