RE: News needed here13 Aug 2020 10:17
The addition of MSAR adds SIGNIFICANT value to the project, it can probably cut the production costs in half and the product can be sold directly to end users at a premium to the WTI price, no need for refining. Remove MSAR and the project is nowhere near as financially rewarding. QFI could potentially add $25 profit to every barrel sold, and if Petroecuador lands very soon, PQE will need QFI much more than QFI will need them, Jason and Mike will be in a very strong negotiating position to agree as high a % of the profits as possible.
As i am in both i think you will find not many PQE investors would not agree with this, Utah has 88 billion barrel of recoverable tar sands so i dont see that as a small fry operation . It appears that all included in the plant change over for bunker fuel along with the board are happily loading up with shares.
That tells me Asphalt ridge is progressing very well and the whole concept of this is to unlock clean tar sands which could well include MSAR on numerous plants world wide.
However i totally agree that PQE and TOM investors seem to hugely overlook the potential here and what brings to table.