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Tom's TuboShale/RF tech was not developed enough to use it for commercialization.
i did not invest in Tomco because of turbo shale and i doubt any recent or incoming investor will either.
Petroteq got lucky that Byle showed an interest and it's mainly because of him supporting the company and his engineering genius that it ultimately sold (or nigh on sold).
He is assisting Tomco and tomco are lucky to have that knowledge of his team .
Hence why i am here and why PQE investor's will buy in, not because of Tomco but what byle brings to this .
If only you could invest in Valkor
That does not make sense buying at 1 p in 2013 (roughly) when in 2017 to 2018 you would of multi bagged.
This company would be going nowhere if it wasn't the fact they can use the PQE I.P and that Steve Byle has his foot firmly in position with the circus of PQE and TOM.
This is much better placed to actually do something now than any years previous .
Bit of luck this year and you never know
'but many big oil companies produce that much in their sleep. '
Why on Earth are you bringing big oil into this??
'What I am saying is, without a commercial scale plant built to prove the theory then to many big fish investors with their buisness cap on its still only that, a theory, which has yet to be put into full scale practice. Most aren't willing to be the first to dip their toes into a commercial technology that hasn't been proven physically. A verified technical drawing is not a complete picture of proven commercial viability no matter who verfied it, they need to see the physical goods to be swayed. '
Wrong again they will need to see profit especially here in Utah which like i alluded to earlier has a notorious history of broken promises in oil sands
'IF' Tomco get the wells drilled and into production and can back financing off this then that is huge step forward.
As George Stapleton has mentioned nothing on this design is over complicated all off the shelf items .
i think everyone would agree this year could be a game changer here
True but nonsense tbh
PQE RNS 8/2/21 COMMERCIALIZATION OF PETROTEQS TECH HAS BEEN VERIFIED BY REPUTABLE THIRD PARTY ENGINEERING FIRM
This is by Kahuna Ventures who would not risk the reputation they have to be tarnished in this RNS for misleading news.
It never had to be run at 5000 bopd a day to be 'proved' up for comercial scale
'The FEED study describes the design data, design requirements, detailed major equipment requirements and general operating philosophies for the development of the 5,000 bopd production train'
The PQE was run on equipment from bills scrapyard so with reliable off the shelf equipment required this is easily scalable .
Kahuna who have carried out the FEED report would not have issued the data if this was not the case.
It's like saying saying we don't know if we can do 10 k bopd a day as it's not proved as we only ran 5 k bopd
Viston arnt spending over $300 million on something that isn't 'proved' as they would of carried out extensive DD so they know what they are doing
The data says it's scaleable so i will go off that thanking you
2, things that most dont mention here is the historic failure in Utah oilsands by companies going Bust after big initial claims ,Another often overlooked is the transportation of oil as it will be approx 20 trucks a day on just 1 plant .
I know a train line is being repaired which will be very usefull but that is not now
Have a nice weekend all
Because we still haven't got a backer(cash) to build the plant for the extraction of 5000 bopd yet! I presume it is still under negotiations
Even then with a licence for a proven commercial tech and a reserve report of a billion plus this still trades at pita.
Someone with a set of pockets could easily buy this for next to nowt and build plant then be one the road to billion dollars lol
Looks like a lack of confidence from investors here in this stock ,
Must be locked in no way out .
Never a good sign when a company need a way out like they do in West Newton
Oh well good luck all but much better winners elsewhere
Oh o.k so has every investor here sent a direct twitter message to HEID OIL on twitter so she can approve you are genuine?
I must of missed the UJO RNS stating that any current or new investor must report to HEID via twitter?
Thoughts on the possible exit at west Newton ?
I know where you are on twitter as i recall last time UJO pumped, you tweeted how you 'missed the spike and forgot to sell'
Then deleted tweet to be replaced with how you sold on the spike and made lots of money hmmmm
1671 followers and yet very little likes or responses to your tweets??
So 1655 bots following you !
Tech update if you could please?