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It looks like the same Petroteq gangsters and mafioso then tried the same trick in Norway, I spotted this recently, it's the translation of a Norwegian article.
https://pdfupload.io/docs/0f7feb36
And someone just posted that Ecoteq Energy are about to be deregistered from the Oslo stock market, it was announced by the NOTC yesterday afternoon. Maybe related to the above article and the lawsuit against them in Norway.
https://www.notc.no/NOTC/selskaps-meldinger
"Valkor money won't come our way till at least July, "
I disagree, I think you have misinterpreted the Trio Petroleum Corp announcement.
The reserve based lending agreements which Valkor will be looking to execute after the initial drilling, will be for the ALL OF THE future development of Phase 1, which is 119 wells. There's absolutely no way that $15m will cover that, I'm sure it's about $1m per well, so they'll be looking at close to $150m for the whole project. Valkor will still need the initial $15m to drill the first 3 wells (I'm sure it was originally supposed to be 5 or 6 wells), plus the associated preparatory work (upgrades to existing roads and well pads, plus fingers crossed some cash to QED). If drilling is planned to commence as early as this month, Valkor must have secured, or be very close to securing, their initial funding for this. If it's only 3 wells now, maybe $12m will be enough. So I would argue that after that news from Trio Petroleum Corp, there is a very good chance that the first $1m will be coming in the next few weeks.
You have also conveniently forgot that Valkor's drilling project is not the only avenue where funding might come from. Ecoteq must be due to announce their funding very soon, and then there is also the outside chance that Tomco might achieve a miracle and finally get funding, news on that either way should be before the end of January.
Just my take on it, an alternative viewpoint from someone who's not a manic depressive.
TechyRob, the figure historically given by Shore Capital has always been $50 per tonne, but there was a recent article where it has increased to £50. I don't know if this is genuine or maybe just a typo. Either way, £40 or £50 a tonne is significantly more than the old figures for MSAR. This is presumably because of all the green levies, subsidies and rebates available because it's a biofuel. The profits from MSAR were always based on the residue / distillate spread, and I'm sure that around £8 - £10 a tonne was a well quoted figure for QED's share of the profits in licence mode.
So putting aside the great environmental benefits of bioMSAR for a moment, more importantly for shareholders and the company's finances, it looks like it's going to be at least 4 or 5 times more profitable than its older sibling. That is HUGE. Even if the profits were double it would be impressive, but 5 times more? And when you consider the size of even just the shipping sector, the potential is off the scale, simply mind-blowing, even if we only get 10% of that market.
Given that Ecoteq signed not one, but three agreements with Valkor last week, the chances of our Valkor money coming through shortly must be very high. Why would they bother signing those, if they didn't think that the funding was more or less in the bag for the project. Civil works are due to start in April next year, their funding will have to come through very soon, so they can start their preparations and order the necessary equipment.
There's no vetting Crownos, I used a dummy email address, a fake name and phone number, and said I worked for MSC.
I'm not expecting much, more of the same like yesterday. It seems to be running a bit late, but Bud should be on soon. His part only lasts for 45 minutes and there are 5 panellists, so he's only going to get 5 or 10 minutes.
Crownos, Bud is speaking at 3 events, 2 today, the earlier one and this one which should be starting shortly.
https://www.youtube.com/watch?v=x3h9bJ4aUZI
Then there is tomorrow's one, which I don't think is on YouTube, but you can register and watch a live stream.
Links for tomorrow AKHM -
Starts at 7:30am UK time.
https://www.youtube.com/watch?v=86BHe8d_oEg
From 11am UK time.
https://www.youtube.com/watch?v=x3h9bJ4aUZI
Interesting comment at the end of that Ecoteq news.
"Our alliance with Valkor extends beyond this venture, as we foresee the joint development of additional prospects within the Uinta Basin,” adds Bengtsson.
I wonder who he could be talking about, maybe Big Sky Resources, maybe even Tomco. This Ecoteq news must increase TOM's chances of finally getting funding in the next month or so, they're no longer going to be the first.
It looks like Bud will be speaking at two different events on Saturday, both of which should be streamed live on YouTube.
The 2023 IMO GHG Strategy: defining the global level-playing-field for shipping decarbonization.
Starts at 7:30am UK time.
https://www.youtube.com/watch?v=86BHe8d_oEg
He is also talking at this later event.
https://unctad.org/meeting/trade-house-event-cop28-decarbonizing-ocean-based-sectors-through-trade-investment-and
From 11am UK time, it should be viewable on this channel.
https://www.youtube.com/watch?v=x3h9bJ4aUZI
Https://shipandbunker.com/news/world/617664-gcmd-we-may-need-carbon-price-in-300smt-to-make-alternative-bunkers-attractive
To complement the use of renewable glycerine, and provide at scale the quantities of biofuels required by the marine and industrial sectors (consuming over 200 million tons of conventional fuels globally) we are testing the use of cellulosic sugars and pyrolytic sugars derived from waste lignocellulosic biomass. This is one of the most abundantly available raw materials on the planet, with over 200 billion tons grown of which 50 billion tons is waste.
If it's waste, I presume that it's quite cheap then.
BOOM.
Two days late, but I'll forgive Jason for that. It might actually be a good thing, it allowed the share price to consolidate for a few days after the inevitable profit-taking. Those results should start the next leg up, a 45% reduction in CO2 already, using B30. It sounds like they're going to be way ahead of their 2030 target for a net zero fuel.
Fingers crossed for a Valkor RNS tomorrow, followed by MSC on Friday, just in time for Bud to wax lyrical on Saturday in Dubai.
A bit of a shambles really.
https://www.ft.com/content/4ae3a7f0-e181-47af-8f86-b6200781f141
They appeared to have fixed it -
"We are now resuming trading on impacted instruments. Instruments will go into auction at 09:55 with uncrossing beginning at 10:15. All live orders remain on the system."
but the problem seems to have reappeared -
LSE 'still investigating an issue'
The problems hitting the London Stock Exchange this morning appear to have resurfaced!
The LSE says:
We are still investigating an issue. Currently only FTSE 100, FTSE 250 and IOB securities are available for trading.
Several of the stocks which were frozen earlier seem to be having problems again.
There was an outage on the LSE again this morning, so it wasn't just QED that was affected.
https://twitter.com/MrMBrown/status/1731969492593324179
It won't be a problem when we become a FTSE 100 company :-)