RE: Watch this video pls28 Feb 2021 14:19
Read this from our RNS:
Greenfield has been established with the principal aim of developing a FEED for a potential 10,000 barrels of oil per day ("bopd") plant consisting of two 5,000 bopd trains utilising the Oil Sands Technology. The final results of the Pre-FEED study were released in September 2020, concluding that the likely cost of production from a 10,000 bopd plant would be approximately US$30 per barrel. Steps along the agreed path have included Greenfield temporarily taking over the operations and management of Petroteq's oil sands plant (the "POSP") in order to complete certain upgrades and improvements so as to enhance its reliability and increase its capacity to approximately 500 bopd. In early December 2020, the re-configured Petroteq plant works were completed, and, on 4 January 2021, mining work was started in preparation for the re-start of the POSP. Ore-processing began on 10t January 2021 and the POSP operations will be optimised with the target of producing 250 bopd per single shift during February 2021.