Member Info for Jakito

It’s says clearer, not clear ;)

“Marine: Following the signature of the 3-way agreement with MSC & Cargill in November 2024, finalisation of the remaining trial agreements has been slower than expected. This is primarily due to the need at MSC's request to consider post-trial go forward commercial supply and for the agreements to reflect the logistical complexities of the trial. Negotiations are ongoing and proceeding positively, with all parties remaining committed to the trials and working to finalise the agreements as soon as possible.”

This is the reality of the situation, as reported this morning. More patience required, each to their own, but I’m certainly going to hold.

Do you write all your posts with AI? for future reference the extended hyphens are a dead giveaway ;)

So your view is that Quadrise will be successful and the share price will rise from here?

Nope - wrong.

FINANCIAL SUMMARY (March Interims)

· £6.5 million (before costs) raised in January 2025 through a successful placing and retail offer, increasing cash reserves to £7.1 million at 28 February 2025 (31 December 2024: £1.4 million, 31 December 2023: £1.7 million).

Sooo we had £7.1 million (not $) at the end of Feb, 5 months later at start Aug we’ve likely spent £1.4 million (going by previously announced burn rate). Which leaves £5.7 million in the bank. Which is substantially more than the $4 million dollars you’re proposing.

Stop spreading FUD.

It’s 30%+ per year, as of today’s price, so needs to be a minimum of 21-22p in 3 years.

And that’s just for them to get 50% of the reward. The other half is based on outperforming AIM.

It’s based on share price performance and performance against the AIM market.

To get their full allocation the share price will need to be a be around 22p and have massively outperformed AIM over the 3 year period.

Wanted to extend thanks to whoever posted regarding the direct contact detail to request participation in the offer. Got confirmation back this afternoon that they have put in an order on my behalf.

Worth noting that if your shareholding is in an ISA you can still apply but the funds for your allocation need to be in a standard share dealing account. And that the shares you’re ultimately allocated will be deposited there.

Re-sharing the email in case anyone has missed this: isd@ig.com

They were very helpful and a breath of fresh air after the repeated nonsense from the help-desk.

Can you point me to the £2million cap wording?

I’m with IG for my ISA, spoke with their customer services yesterday who told me it wasn’t possible to participate as they don’t get involved in retail offers/bookbuilds.

Put in for a substantial amount in my HL account though which was very straightforward.

Valkor loan repayment extended until 31st October, funding must surely be tied to Utah drilling approval (26th?). Bullish.

The loan and the 29% acquisition shares are not linked. The shares are conditional and will be issued to Valkor once funding for the plant is agreed and drawn on, the loan is a separate matter and is to be repaid to Valkor, various options for repayment were laid out:

“The Loan is repayable by Greenfield through a number of potential options, or combination of such options, at its sole election, such combination adding up to the US$1.5 million principal amount of the Loan, plus any applicable interest or fees incurred. The repayment options include granting a share of potential net production revenues to initially offset the principal amount and for a period of five years thereafter from any oil well(s) planned to be drilled on the Lease Area, but for which the requisite further funding and permits have not yet been secured; and/or straight repayment of the principal amount plus interest and fees amounting to 15% of the principal amount of the loan, payable on the maturity date“

Would actually consider a share of production revenues from the planned wells more likely than a straight cash repayment, but will hinge on the detail in the long awaited financing package.

Feeling rather positive in the back of the recent Heavy Sweet Oil presentation, though perhaps we don’t see any financing until the approvals for the well programme are obtained…

Thanks for this!! just the pick me up I needed after the Viston/Petroteq dabacle.

Would be very surprised if we didn’t hear anything this week, though in some ways silence may be good news, i.e. an indication that the Valkor loan has been settled as part of a wider financing deal.

Looks like this was clarified by the Malaysian authorities recently.

Suspect the dividend announcement is incoming.

https://www.thesundaily.my/home/taxation-of-foreign-source-income-the-saga-continues-HH9494786

Also enjoyed the "new things under wraps' snuck in at the end, I'm hoping that one of these new things is a massive trial in Mexico and that he's basically unable to say anymore currently due to NDA's. Panama sounds promising, would be interested if anyone is aware of the opportunities there before I do some research. Morocco Q1....I'll believe it when i see it, but at least it's definitely still active. I also love that they're talking about multiple opportunities in Utah.

Big year ahead folks, hang tight.

Can anyone remind me of the throughput of 1 MMU?

Is it 1000 tpd? so like 6.5k bopd?

“When there’s blood in the streets” springs to mind…

Have to agree with the majority of your post Pharoah, kept us in the game and now multple projects on the near horizon.

Utah, MSC and Mexico are all massive opportunities and Morocco will give us a steady income stream and a great demonstration to larger scale industrial partners.

On Utah, it does look like Tomco is getting its ducks in a row and they seem confident of financing early next year. I would encourage anyone who hasn't to listen to the latest Directors Talk interview and read the Pro-active research report, Valkor have their backs and they're already talking about multiple 5-10kpbd sites in the Asphalt Ridge area. If Quadrise gets the customers lined up for MSAR/BioMSAR over there it's going to be very lucrative, and importantly a huge improvement on the carbon emissions front.

Indeed, would be far more frustrating to have held shares for 10 years only to bail out months before commercialisation begins and watch the share price multiply from the sidelines.

Despite the endless delays I'm genuinely very excited for the year ahead with Quadrise, I honestly feel massive success is far more likely than failure, here's hoping we're all celebrating a year of contracts and growth at next years AGM.