Member Info for kolonik

Https://www.linkedin.com/posts/vertoro_ra%C3%ADzen-fecha-parceria-com-biorrefinaria-holandesa-activity-7229914146400542720-yE2L/

https://www.xm.com/pt/research/markets/allNews/reuters/brazils-raizen-partners-with-dutch-biorefinery-to-explore-lignin-uses-53906532

Raízen is the third largest Brazilian energy company by revenue and the fifth largest in Brazil. The company is a joint-venture formed in 2010 from the merger of the assets of sugar, fuel and ethanol derived from Cosan and Royal Dutch Shell in Brazil. The company has a market value of approximately US$20 Billion and a revenue of about US$28 billion.

£35 a share by Christmas!! You heard it here first.

I agree completely Torreaguas, people sitting behind their computers suggesting you can drill 5 wells for half a million dollars, a piece of cake. Complete drivel. Here's an extract from Lafayette Energy's IPO document, maybe you should read it, you might stop embarrassing yourself. They were anticipating $5 million just for an initial 3 wells. It seems that the guys with actual boots on the ground in Utah don't agree with your fantasy budget and make-believe numbers.

"The Asphalt Ridge Option had a term of nine months, through August 13 , 2024. The Asphalt Ridge Option Agreement provided that additional development capital was expected to be secured by Heavy Sweet, and made available for the Company’s participation, by way of a reserve base lending facility (RBL), provided that if such RBL could not be obtained or did not cover all subsequent capital costs, Heavy Sweet agreed to fund a maximum of $5,000,000 of the first funding required for the development program, with the parties splitting any costs thereafter according to their ownership interests. The initial target was three wells, with an estimated cost of $5,000,000 for roads, pads, drilling, and above ground steam and storage facilities, and thereafter the parties anticipated working together to fund further well development based on their proportionate ownership thereof."

The only positive I can find is that they're now only looking for $10 - 15m funding for initial drilling (the same as HSO/Lafayette), instead of $200m. Probably about the same chance of securing it, though, and a tad difficult without a CEO. Torreaguas below, suggesting you can drill a well for 100 grand, more delusion, he must be on the wacky baccy. It's strange how Michael Peterson of Lafayette Energy quoted $500k per well drilled, and he's the one on the ground in Utah. Now who should I believe?

Many believe that this ~250 square miles of tar-sands in the Uintah Basin, which Lafayette and it’s partners largely control, will be the next big oil play in the United States.

This is the most exciting company I have ever been involved in. I have assembled a powerful board and world-class operations team. I look forward to achieving our goal of building a billion+ dollar company over the next few years.

https://www.linkedin.com/posts/michaellymanpeterson_home-activity-7222091950118555649-BAvQ/

From Maersk's last Annual Sustainability Report, released in Feb 2024 -

"Maersk continues working hard on securing the volumes of green

methanol and other green fuels needed to reach our 2030 and 2040

targets through a large portfolio of green fuel suppliers. Technologies are

being developed to enable more scalable and competitive methods of

producing biofuels, green methanol (biomethanol and e-methanol) and

green ammonia, and Maersk continues to explore potential future fuels."

More scalable biofuel, more competitive biofuel? Their 2030 target is a 34.7% reduction in GHG emissions compared to 2022 levels. They're not going to get anywhere near that with just methanol.

Maersk own 12% of Vertoro, so you can be sure that they know what we are doing. We know that there's another large, well-known shipping company being lined up to do the BTG trial. Sadly, they weren't named in the June RNS. How many of the top 25 could you name off the top of your head, without googling it? I managed about six, but only because I'm invested here, your average Joe on the street would probably struggle to name 2 or 3. How many would you recognise if you saw the complete list? There has to be a small chance it's the Danes. It would explain the delay, even with QED's general levels of incompetence, taking this long to get a simple tripartite fuel agreement signed is pushing it, even by Jason's low standards. Maybe something much bigger is being lined up.

Regarding MSC waiting for BioMSAR Zero, I would be tempted to agree with the sentiments, but surely the fact that the Leandra has been moved to the Mexico route has to be significant. If it's not, then it's the biggest random coincidence so far with Quadrise. Put it this way, if the Leandra was still on the Turkey route, or had been moved to a Hong Kong route which went nowhere near Antwerp, I would be much more concerned.

So I'm not allowed to use the word s n i g g e r i n g, give us a break. Lucky I don't live 40 miles west of Grimsby.

no s********* at the back now please, any schadenfreude will be severely frowned upon.

this is an alarming change in tack for maersk; late last year, a spokesperson told the loadstar lng “…is not a fuel of the future for our fleet”, and that the shipping line would “invest in technologies and innovation that can develop new green alternatives to fossil fuel”.

like biofuels, green methanol production is limited by the availability of bio-based feedstock. once biogenic co2 sources are fully exploited, green methanol supply cannot grow.

another problem with green methanol is that it would require ‘power-to-x’ technology – using electricity to generate sufficient hydrogen feedstock. given the inefficiency of power-to-x processes, this ties new wind turbines, solar panels and hydroelectric dams into a process which could see as much as 90% of their energy wasted, instead of providing 100% of their power for homes and businesses.

https://theloadstar.com/one-snatches-methanol-crown-while-maersk-does-a-u-turn-on-lng/

https://www.lloydslist.com/ll1149842/maersk-hedges-on-lng-amid-methanols-bumpy-road

come on jason, get your finger out ffs, the biggest open goal in decades is sitting there staring at you. can he finally hit the back of the net, or will he continue to be the chris waddle of the emulsion fuel industry?

Production from the first well was now due to start during the first week of July, according to an updated IPO prospectus released by Lafayette Energy Corp on June 28th. The heater was installed at the beginning of June and production expected to start mid-June (Brian McGregor posted a photo of it), but there seems to have been a 3 or 4 week delay. Did someone here not contact Valkor / Trio regarding a more powerful down-hole heater from a UK-based company? I wonder if waiting for that caused the delay. The current schedule has certainly slipped compared to the Trio press release on June 11th.

https://fintel.io/doc/sec-lafayette-energy-corp-1936031-s1a-2024-june-28-19902-6868

"The Operator successfully drilled the first two wells in May 2024 and installed a down-hole heater and expects to begin production of the HSO 2-4 well during the first week of July 2024 and expects to install a down-hole heater and begin production of the HSO 8-4 well during the first week of August 2024. The Company expects to perform multiple tests of the core rock removed as well as any oil extracted in order to confirm its completion and production strategies and test new procedures with the goal to understand and implement a production program to extract the maximum amount of oil possible from the well, in a cost-effective manner. Thereafter, once the Company believes it has designed an appropriate production plan, and assuming the first two wells are successful, the Company plans to begin to drill and complete the third well in August 2024, using the techniques developed for the first two wells , and then work to complete the additional 116 planned wells in the Initial Development Acreage. The capital costs for the development plan are expected to be funded first by cash currently held by the Company, the expected $2.5 million second tranche of the Series A Preferred offering (which as discussed in greater detail below, is required to be funded after we produce at least 100 barrels of oil), and the proceeds of this Offering. The Company believes that full development could be funded by the cash flow from the project; however, once development is proceeding, the Company may increase the speed of development by seeking to secure a reserve base lending facility (RBL), though the securing of this RBL is not guaranteed."

The departure from Antwerp has now been delayed until 6am Wed, according to the MSC website. Probably caused by the arrival delay, there seemed to be a lot of congestion getting into Antwerp earlier in the day, a lot of other ships hanging around in the channel too, the marine version of the Bovingdon stack.

PR, I was going to post something similar, there's been a delay / change of schedule. It was due to arrive in Antwerp at Sunday lunchtime and leave for Mexico at 2 or 3am on Monday morning - I was a little disappointed there was no RNS this morning. The departure to Mexico has now been put back 36 hours until 2pm Tuesday. Hopefully because another day was needed to get all the signatures. There's definitely something going on with all the chopping and changing.

It's been a stinker for 18 years, but I'm still invested. No choice really, my paper loss is too high to make it worth selling, and I'm waiting patiently for this imminent news, you know, the news that's been imminent since I was in nappies and watching Play School. If we get to next Monday and still no marine RNS, that will be another quarter gone, another deadline missed, so still an absolute stinker. Next month will be three and a half years since we signed the original JDA with MSC, it's a shocking performance.

Is it worth investing in now? Probably worth a gamble, the odds of success must be at least 50% and the upside is huge, potentially immeasurable. But we need a signature and commercial deals, and it's beginning to feel like this eternal wait will never end.

A copy of a post from the TOM board, thanks to vauch who kindly shared his reply to some questions he put to Valkor. Interesting that discussions are currently ongoing regarding the marine sector, and that Valkor are going to try and patent their new process, presumably COSET (Clean Oil Sands Extraction Technology) instead of CORT. I'm not sure if that will infringe on the original PQE patent, but even if it does, what are they going to do about it? Petroteq don't have a pot to pee in at the moment.

I asked how Valkor where progressing with the new plant design.

But this was a different contact in the company.

We have actually filed a patent application for our process--whether or not it gets granted is anyone's guess, but it should be granted in my opinion, but I'm biased. The bitumen we extract can be emulsified to create a low sulfur marine diesel replacement that is a fraction of the carbon footprint that is currently on the market--we have discussions ongoing as I type on that front.

We are trying to get multiple plants under way. We are very fond of TomCo and know many of the investors personally, so want to see it be successful, so, we'll do almost anything that makes us money at the same time to make that happen.

Hope that helps.

I was thinking a similar thing AKHM, the average QED interview gets about a thousand views on YouTube if we're lucky, that latest Trio interview has had almost 14,000 views, and it was only uploaded 13 hours ago. People in the US might not yet realise that MMUs are the key to making this project commercially viable. When they do, there may be a lot of buying interest from over there. Steve Byle has mentioned Quadrise many times before, but I don't think that I've ever heard Michael Peterson talk about us yet.

"The most exciting asset in the United States. People were dancing around the room. For sure going to exercise their 20% option. A home run for the company."

https://www.youtube.com/watch?v=s30PrJuSBq0

He does seem to be very enthusiastic about the project.

The IPO should be soon, according to Michael Peterson's LinkedIn page -

Lafayette Oil and Gas is developing a 2,880 Tar Sands resource in Uintah Basin, Utah. The first 240 acres has an estimated PV(10) resource value of $1.03 billion. The first well is being drilled in April 2024. We have put together a team of professionals who have done it before and we expect and are excited to build a large and successful public company. We plan to go public May/June 2024.

https://www.linkedin.com/in/michaellymanpeterson/

There was a delay of a few weeks after the first well hit a water tank or something, but even factoring in that, they should be going public in the next 2 - 4 weeks. After the initial 3 wells, once the farm in agreement and IPO is done, they plan to drill at least another 5 wells in Q3. That ties in with what he said in the recent video interview.

"Post drilling and completing the first three wells expected to be drilled in the Asphalt Ridge Acreage, begin development activities of at least 5 new wells in the Asphalt Ridge Acreage, assuming the successful closing of the Farm-In Agreement that are planned to be drilled within one quarter following the closing of this offering"

https://www.sec.gov/Archives/edgar/data/1936031/000165495424005045/lafa_s1.htm

If they are going to have 8 producing wells by the end of Q3, I presume that they will want an MMU on site to process it, otherwise what are they going to do with all that bitumen. So we might be getting our initial $1m payment from Valkor shortly.

David Kahn commented on one of Brian McGregor's LinkedIn posts, he said Utah has the potential to be a "mega basin".

https://www.linkedin.com/posts/brian-mcgregor-p-eng-11914515_nighttime-video-of-our-first-well-in-the-activity-7197972700047237120-EiTm/

According to him, it could be 40 billion barrels.

https://www.linkedin.com/posts/david-kahn-8b7075178_running-a-downhole-heater-on-our-well-in-activity-7203302710203293696-odcx/

Kahn works with Steve Byle, they are both involved in the Green Flame project in Trinidad and Tobago.

https://finance.yahoo.com/news/green-flame-provides-corporate-120000546.html

He's also involved in corporate finance of independent junior oil companies, so more than likely working on funding for the Utah drilling project.

"I am very bullish on the uptake of biofuels in the short and medium term," Samir Fernandez told Ship & Bunker in an online interview.

https://shipandbunker.com/news/emea/342537-huelva-has-key-role-to-play-in-new-fuels-era-cepsa

Mmmm, very strange, not a single post from Jason on LinkedIn for 8 years, and now we get two in a week. A bit like buses. And hopefully RNSs. I wonder what has brought on all this renewed confidence, I wonder what he has up his sleeve for us next.

https://www.linkedin.com/posts/jason-miles-b9b631b_there-is-no-big-red-button-which-will-seamlessly-activity-7201500061103468544-TMRo

There is no ‘big red button’ which will seamlessly introduce a net-zero future.

A huge amount of change to our current energy infrastructure is required, and the extent of this change is often overlooked in the debate about different solutions.

A switch to a more sustainable fuel source does not necessarily mean reduced emissions.

Questions remain such as:

- How much new infrastructure is needed?

- How will this infrastructure be built?

- What is the overall greenhouse gas (GHG) cost/benefit of this change?

GHG calculations rarely look at this aspect of the change.

A zero-emissions fuel source is great in theory, but if its implementation is massively capital- and emissions-intensive, then problems begin to emerge.

Scrapping and replacing the global shipping fleet so that it can use a new energy source does very little for our planet in the near term. Solutions which use existing infrastructure are therefore fundamental to the energy transition.

This is why sustainable biofuels such as our bioMSAR™ are so important. They can be “dropped in” into existing infrastructure with minimal modifications, and therefore can also be implemented swiftly and cost effectively.

Therefore, simplicity has to be a key priority when we’re looking to reduce emissions of GHGs and other toxic pollutants.

It underpins everything we do at Quadrise Plc.