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Heads of Terms signed for additional investment in Billingham RDF-to-energy project

EQTEC plc (AIM: EQT), a world-leading gasification solutions company that is building the future of a cleaner waste-to-energy industry, is pleased to announce that it has signed a Heads of Terms (the "Agreement") with a strategic investor, Kibo Energy plc ("Kibo") (AIM: KIBO), for the proposed 25 MWe Billingham waste gasification and power plant (the "Project") at Haverton Hill, Teesside, UK.

Just landed!

Has to go now, if BoD can’t boot him out then shareholders will!

Best switch your screens off and take weekend off these chat boards. No point getting stressed as done...!

Don’t think this is going any lower...being Friday when investors normally cash in, this has hit the low. Also they appear to be a lot of buyers supporting SP at 28p...anyhows time will tell of course.

Missed that...it seems to be well hidden in the RNS!

Agree the two products are done and to enable them to manufacture...the sales of this autumn will decide the CEO’ fate for sure now!

Definitely very very suspect from CEO, this is mate’s rate!

Bid rising now...finally could rally this afternoon.

Feeling like going back to sleep again than watching this MM play!

Seller needs to hurry...!

Yep very strange even more so considering some big news imminent - Results of much anticipated Velkerri 76 S-21 well spudded a month ago targeting the Velkerri liquid rich play on the SE flank. SP should be moving higher ahead of this drill result regardless of last Friday monumental news.

We should also get resource figures for the Velkerri B shale increasing our 2C resources due to a higher recovery factor in the recent test significantly beating expectations. Also to come forward plan for Kyalla 117.

Looks like last few going through now...!

Cannot believe we are visiting these prices after that monster RNS last Friday...with $10m in the bank + No debt!

What’s this ‘special shareholder meeting’?

Price consolidating for push north shortly....it looks like the depressed seller is finally out!

MMs manipulating price...does not make sense?

Commercial agreement is imminent and royalties of £1m and then up to £5m+ could soon exceed market Cap if we don't get a decent rerate...with no safety concerns AstraZeneca - knocking on door now surely!

Just allowed some buys now..but may not be for long!

Charting but signal...