Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just hope the Horse isn't called Shergar -
The Company also announces the appointment of Mr. Ron Cook as the new ?Chief Financial Officer of the Company.? The Company thanks Mark Korb, the former Chief Financial Officer of the Company, for all of his efforts and ?commitment to the Company and wishes him well in his future endeavors.?
For information. Not sure about Petroteq!? - just casually mentions appointment of new financial director.
Mailing of Directors' Circular in Response to the Unsolicited Takeover Bid by Viston United Swiss AG
Download as PDFNovember 08, 2021 6:10pm EST
SHERMAN OAKS, CA / ACCESSWIRE / November 8, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") (TSXV:PQE;OTC PINK:PQEFF; FSE:PQCF), an oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces that it has today filed a Directors' Circular in response to the offer (the "Viston Offer") and take-over bid circular of 2869889 Ontario Inc., an indirect, wholly-owned subsidiary of Viston United Swiss AG (together, "Viston") for all of the issued and outstanding common shares in the capital of the Company ("Common Shares").
As stated in the Directors' Circular, the Board of Directors of Petroteq (the "Board"), in consultation with its independent financial and legal advisors, is considering whether or not the Viston Offer is adequate and in the best interests of Petroteq and its shareholders ("Petroteq Shareholders"). Accordingly, the Board is considering whether to make a recommendation to accept or reject the Viston Offer and has determined not to make a recommendation to Petroteq Shareholders until such time as the Company has an opportunity to complete its Strategic Review (as defined below) and receives input on valuation from its financial advisor, Haywood Securities Inc. ("Haywood").
The Board therefore advises that Petroteq Shareholders DO NOT TENDER their Common Shares until further communication is received from the Board. The Viston Offer is open for acceptance until February 7, 2022, unless extended, accelerated or withdrawn in accordance with its terms. The Board notes that tendering to the Viston Offer before the Company has had an opportunity to fully explore all available alternatives may preclude the possibility of a financially superior transaction emerging. Any Petroteq Shareholder who has already tendered his, her or its Common Shares to the Viston Offer should withdraw those Common Shares until such further communication from the Board is received. For further information, please see the section entitled "How to Withdraw your Deposited Common Shares" in the Directors' Circular.
Petroteq cautions its shareholders and potential investors that there can be no certainty that the Viston Offer will be supported by the Board or that any other strategic transaction with any other person will be pursued by Petroteq or ultimately completed. Consistent with its fiduciary duties, the Board will evaluate the Viston Offer and Petroteq's options, including continuing to operate the business to drive shareholder value and potentially exploring possible alternative transactions. The Board continues to believe Petroteq is well positioned to be an industry leader with its one of a kind oil sands extraction te
I would be very happy and relieved to celebrate the 25p club!
In the previous flight ban to Morocco business persons could go to the country IF they had an invitation from the company they we doing business with - there were other requirements - hopefully the same exemption will also apply to todays flight ban which I suspect is primarily aimed at tourists to Marrakesh etc
thanks 46G
a) I would have thought that there will be a decent increase,2/4p?, when the LONO agreement is announced - hopefully before Christmas this year and
b) a further increase when a refinery is found - hopefully Q1/22
As someone who has been in with QFI since the days it hit 50p, ( and I some at bought at 32p !) and all the despair since from KSA to the false optimism of MK I am today much more hopeful and think we may hit 7p-10p by the year end - the reason
a) trials in Morocco that only take a week or so that should be completed by Christmas AND
b) that the refinery will be sought AFTER the LONO is agreed - I always worried that the refinery would be a major problem and would have to be found before the LONO agreement. which could take months. The world reputation of MSC should persuade a refinery to have a deal . i.e. signing for a LONO is not dependent on a refinery
I have risked getting my average down, risking buying when it was down to 2p plus, but now hope that I may be ok - I just want to break even!
Delay could be due to a) decision after proposed schedule to use bioMSAR more test results awaited?
b) Securing sufficient ingredients for bioMSAR
c) finding a refinery (suppliers wary after Maersk pull out ?)
plus other reasons that others more knowledgeable than I am on the technical and logistic arrangements necessary.
23 September 2021
TOMCO ENERGY PLC
("TomCo" or the "Company")
Quadrise Testing Update
TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to note the announcement made earlier today by Quadrise Fuels International plc ("Quadrise") providing an update on its testing of a produced oil sample supplied by TomCo's 100% owned subsidiary Greenfield Energy LLC ("Greenfield") taken from the Petroteq Oil Sands Plant ("POSP") during Greenfield's operation of the POSP.
Quadrise has reported that an extensive programme of testing on the Greenfield oil sample was completed at the Quadrise Research Facility ("QRF") in Essex on schedule, and a report has now been issued to Greenfield.
Quadrise noted that the ability to produce commercial MSAR® and bioMSAR™ fuels from the produced oil has been confirmed from its testing. Simulations of storage and handling of both fuels were also completed during the programme. The testing at the QRF confirmed the suitability of the heavy sweet oil for the commercial production of MSAR® and bioMSAR™ fuels in Utah for potential power and marine end-user applications domestically and internationally.
Quadrise further noted that this testing concludes the proof-of-concept work that was scheduled in Phase 1 of the Commercial Trial Agreement between Greenfield and Quadrise announced on 18 August 2020. TomCo will now review the report and it is expected that Greenfield and Quadrise will enter into discussions regarding potential future trials and deployment of the technology to produce MSAR® and/or bioMSAR™ fuel at a commercial scale.
Commenting, John Potter, CEO of TomCo, said: "We are delighted that Quadrise has now completed its testing programme. We are encouraged by the positive confirmations issued by Quadrise today and we look forward to continuing to work with Quadrise as we progress our plans for Greenfield."
Petroteq Energy Announces Completion of Quadrise Testing Program
Download as PDFSeptember 27, 2021 9:00am EDT
Testing Confirmed MSAR® and bioMSAR™ Fuels Can Be Produced from Asphalt Ridge Heavy Oil
SHERMAN OAKS, CA / ACCESSWIRE / September 27, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") ??(TSXV:PQE;)(OTC PINK:PQEFF)(FSE:PQCF), an oil ?company focused on the development and implementation of its proprietary oil-?extraction ?technologies, is pleased to announce that Quadrise Fuels International plc ("Quadrise") recently provided an update on its testing of an oil sample supplied by TomCo's 100% owned subsidiary Greenfield Energy LLC ("Greenfield") taken from the Petroteq Oil Sands Plant ("POSP") and produced from oil sands ore using Petroteq's Clean Oil Recovery Technology ("CORT") process.
Quadrise reported that an extensive program of testing on the Greenfield oil sample was completed at the Quadrise Research Facility ("QRF") in Essex on schedule.
The testing program at the QRF confirmed the ability to produce commercial MSAR® and bioMSAR™ fuels from the sample of heavy sweet oil provided by Greenfield and a report of the testing results has been issued to Tomco. Simulations of storage and handling of both MSAR® and bioMSAR™ produced were also completed during the program which indicated that commercial production of MSAR® and bioMSAR™ fuels would be possible in Utah for potential power and marine end-user applications domestically and internationally.
Quadrise further noted that this testing concludes the proof-of-concept work that was scheduled in Phase 1 of the Commercial Trial Agreement between Greenfield and Quadrise announced on 18 August 2020. TomCo will now review the report and it is expected that Greenfield and Quadrise will enter discussions regarding potential future trials and deployment of the technology to produce MSAR® and/or bioMSAR™ fuel at a commercial scale.
Greenfield has entered a non-exclusive, multi-site license with Petroteq for the use of the CORT process for the production of heavy oil.
Tomco's announcement can be found at:
https://polaris.brighterir.com/public/tomco/news/rns/story/x491l0w
George Stapleton, Petroteq COO, commented: "Confirmation that heavy oil extracted from Utah oil sands using our CORT process is suitable for production of MSAR® and bioMSAR™ fuels could allow for the production of fuel and biofuel with significant environmental benefits, while creating a higher value product stream for Petroteq's future commercial production."
Petroteq Energy Announces Completion of Quadrise Testing Program
Download as PDFSeptember 27, 2021 9:00am EDT
Testing Confirmed MSAR® and bioMSAR™ Fuels Can Be Produced from Asphalt Ridge Heavy Oil
SHERMAN OAKS, CA / ACCESSWIRE / September 27, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") ??(TSXV:PQE;)(OTC PINK:PQEFF)(FSE:PQCF), an oil ?company focused on the development and implementation of its proprietary oil-?extraction ?technologies, is pleased to announce that Quadrise Fuels International plc ("Quadrise") recently provided an update on its testing of an oil sample supplied by TomCo's 100% owned subsidiary Greenfield Energy LLC ("Greenfield") taken from the Petroteq Oil Sands Plant ("POSP") and produced from oil sands ore using Petroteq's Clean Oil Recovery Technology ("CORT") process.
Quadrise reported that an extensive program of testing on the Greenfield oil sample was completed at the Quadrise Research Facility ("QRF") in Essex on schedule.
The testing program at the QRF confirmed the ability to produce commercial MSAR® and bioMSAR™ fuels from the sample of heavy sweet oil provided by Greenfield and a report of the testing results has been issued to Tomco. Simulations of storage and handling of both MSAR® and bioMSAR™ produced were also completed during the program which indicated that commercial production of MSAR® and bioMSAR™ fuels would be possible in Utah for potential power and marine end-user applications domestically and internationally.
Quadrise further noted that this testing concludes the proof-of-concept work that was scheduled in Phase 1 of the Commercial Trial Agreement between Greenfield and Quadrise announced on 18 August 2020. TomCo will now review the report and it is expected that Greenfield and Quadrise will enter discussions regarding potential future trials and deployment of the technology to produce MSAR® and/or bioMSAR™ fuel at a commercial scale.
Greenfield has entered a non-exclusive, multi-site license with Petroteq for the use of the CORT process for the production of heavy oil.
Tomco's announcement can be found at:
https://polaris.brighterir.com/public/tomco/news/rns/story/x491l0w
George Stapleton, Petroteq COO, commented: "Confirmation that heavy oil extracted from Utah oil sands using our CORT process is suitable for production of MSAR® and bioMSAR™ fuels could allow for the production of fuel and biofuel with significant environmental benefits, while creating a higher value product stream for Petroteq's future commercial production."
Petroteq share price today
0.12 USD
+0.037 (44.58%)today
23 Sept, 11:02 GMT-4 ·Disclaimer
Petroteq Provides a Corporate Update
Download as PDFSeptember 23, 2021 9:00am EDT
SHERMAN OAKS, CA / ACCESSWIRE / September 23, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") (TSXV:PQE)(OTC PINK:PQEFF)(FSE:PQCF), an oil company focused on the development and implementation of its proprietary oil extraction and remediation technologies, announced today that it has entered into a confidentiality agreement with the third party who was previously disclosed as being a client of Uppgard Konsult AB.
The purpose of the confidentiality agreement is to permit Petroteq to find out the identity and intentions of the third party and to allow the parties to discuss a potential transaction. There can be no assurance that any transaction with the third party will be entered into or completed at all. Any potential transaction would be subject to applicable director, shareholder and regulatory approvals.
but it will not go to 50p after one definite announcement - so McDoog is being very sensible - glad he broke even
Iantobach
you think Godot will actually arrive !?
Brilliantly phrased Wodewick - much better than my deleted post that tried to express similar sentiments ! The insightful and knowledgeable exchange between Salinger and PharoahRocher was high class and
we want and need them both with us on THIS forum -
best wishes
pity the amateurism that had Jason covering up the BioMsar motif
Petroteq Receives Confirmation of Proof of Funds From Bidder
Download as PDFAugust 31, 2021 9:00am EDT
SHERMAN OAKS, CA / ACCESSWIRE / August 31, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") ??(TSXV:PQE; ?OTC PINK:PQEFF; FSE:PQCF), an oil ?company focused on the development and implementation of its proprietary oil-?extraction and remediation technologies, announced today that the Company has received proof of funds from the undisclosed bidder who was previously disclosed as being a client of Uppgard Konsult AB. The confirmation was provided by the bidder indirectly through their Canadian legal counsel, Gowling WLG (Canada) LLP.
The confirmation consisted of a swift message from The Royal Bank of Scotland, containing a swift confirmation in the amount of €120.000.000. The Company had requested confirmation of proof of funds as a condition to negotiating and executing a non-disclosure agreement with the bidder so the bidders identity could be disclosed to the Company and the parties could discuss a potential transaction.
Neither Uppgard Konsult AB nor the offerer has made any filings in relation to the offer under the ?Securities Exchange Act of 1934, as amended, or under applicable Canadian securities legislation.?
Shareholders are encouraged to do their own due diligence prior to taking any action.?
There can be no assurance that any transaction with the bidder will be completed as proposed or at all. Completion of any transaction will be ?subject to applicable director, shareholder and regulatory approvals.?
I would have thought only Tomco would release the results RNS as QFI is the client. As Tomco came on a visit for the test some weeks ago to show their interest , surely would not have come over to see failure! If the test failed then as it is a price sensitive issue IMO an RNS would have had to be published.