Member Info for orslega

Sounds like Eddie has been busy. Interesting week ahead.

Mr heavy oi: "David Kahn founded Petrosonic Energy Systems Inc. and serves as its Chief Executive Officer. Dr. Kahn serves as an Advisor to the Board of Glen Rose Petroleum Corp. For seven years, he has been a Principal of companies focused on developing strategies for exploiting unconventional oil and gas assets, including: United Heritage Petroleum; Pearl Exploration; Rolland Energy and Gastem Energy. He is a Reservoir Engineer. Mr. Kahn is a Founder Member of Petrosands Energy LLC. He has 20 years experience in heavy oil projects at Texaco, Koch Industries and as a Principal in Megawest Energy Inc. His focus specifically on the operations of PetroSonic Energy Systems Inc. that he helped found at SONIC. Dr. Kahn served as a Special Advisor at Sonic Technology Solutions Inc., since May 2008. Dr. Kahn served as a Director of Sonic Technology Solutions Inc., since June 2008. Dr. Kahn received his Ph.D. from Ecole Nationale Superieure du Petrole et des Moteurs in petroleum reservoir engineering."

David Khan in the driving seat here: "These are exciting developments as we initiate our planned workover and well stimulation programme ahead of schedule with results expected before the end of November. Exceeding expectations on timing of initiation of this programme is testament to the execution capabilities brought to Mayan by our new technical director Dr. David Kahn who is being instrumental in transforming our assets as we look to build production and cashflow. The strong initial performance of the first well underlines the potential of Forest Hill and with the recovery in the oil price and the resultant increased margin, I am looking forward to reporting regularly as we complete the stimulation operations."

Team Khan will do me.

https://twitter.com/AlignResearch/status/972339115944562688

Share pumping and Picassos: $50m scam that killed a London broker https://www.ft.com/content/24db2600-22ff-11e8-add1-0e8958b189ea

"This technology was developed over a five-year period by Petroteq�s research and engineering teams. It has been independently evaluated by a reputable petroleum and chemical engineering company, Chapman Engineering, that has concluded that Petroteq�s oil sands extraction technology is scalable, cost effective and commercially proven." Interesting point about ease of transporting: "The entire system is energy efficient, with heat generated during the process being recycled. It also produces crude oil with a very low sulphur content, making downstream processing less costly. The oil extracted from the Asphalt Ridge facility has an average viscosity rating of 14 API, making it far easier to transport than other crude oils." https://www.networknewswire.com/petroteq-energy-inc-tsx-v-pqe-otcqx-pqeff-deploys-patented-oil-sands-extraction-technology-expand-production-capacity/

LONDON, March 9, 2018 /PRNewswire/ -- A new oil extraction technology could unlock billions of barrels trapped in oil sands around the world with production costs as low as $23 per barrel-and without water or toxic trailing ponds. Included in today's commentary: Transocean Ltd. (NYSE: RIG), National Oilwell Varco, Inc. (NYSE: NOV), Whiting Petroleum Corporation (NYSE: WLL), Helmerich & Payne, Inc. (NYSE: HP), BHP Billiton Ltd. (NYSE: BHP) It's a giant claim to fame for small-cap Petroteq Energy (PQE.V; PQEFF) whose patented oil extraction technology is ready to generate sales. And it's already launched in Utah, where the company is taking advantage of the state's massive heavy oil sands oil resource, which experts have pegged at an estimated 32 billion barrels of oil equivalent (boe). This could be the Holy Grail of dry oil sands tech. Existing oil sands extraction technologies use tons of water and leave behind toxic trailing ponds. Petroteq's system produces oil and leaves behind nothing but clean, dry sand that can be resold as fracking sand or construction sand or simply returned to Mother Nature. Technology today is limited only by the imagination, and Petroteq is first and foremost an energy technology company with boundless imagination and foresight: While it's pumping out the world's first clean oil sands and getting ready to license its proprietary tech globally, it's also working on the first-ever energy blockchain consortium-and the heavy hitters are jumping on board. Here are 5 reasons to keep a very close eye on Petroteq (PQE.V; PQEFF) right now: https://www.prnewswire.com/news-releases/the-tech-breakthrough-bringing-oil-into-the-21st-century-676368933.html

jeez, it's like a dog with a bone. ffs just wait and see what happens, many have invested on the strength go the Deloro/Mayan/Petroteq - maybe they are all wrong and you are right - somehow I doubt it. Helpful is a unit holder in Deloro I think he knows a hells of lot more than you do, not least he has read the MOU first hand.

BT - spot on. "Parties do not sync together in order to shape a strategy of devaluation"

"But by giving the impression that the transactions many not proceed, it does beg the question, doesn't it?" ....what corporate deal - when initially announced - involving a quoted vehicle - does not have such a caveat. They all do, without exception. Standard practise. This deal is clearly all about personal relationships and it seems David Khan is the common link here. How else would tiny Mayan get a look in. They simply wouldn't imo. It takes top level individuals to make something like this work - not forgetting Petroteq are/were in dire financial straits - it is only the money from Deloro/Mayan which has enable value to be unlocked. The deal will get done imo- the ever increasing valuation of the AR project will help underline the deal. Watch and see.

The trolls were probably very miffed when Mayan got involved in Petroteq. It was a very chunky investment. But it's beginning to look a like a very good move for Mayan shareholders. Eddie is no fool.

I can see Mayan getting a very nice free ride in Petroteq - very possible that an institution will fund Mayan next stage funding for a slice of the Petroteq AR pie - release of $1M to fund Forrest Hill et al. That is a load of FH wells. Win win. And just think - no need for a placing. Eddie will have some nice choices soon as these assets firm up.

Helpful - yes that was almost certainly the case from the outset - can you imagine the law suits flying around if Petroteq were to screw Deloro/Mayan over on the brink of achieving 1,000 bopd (noting that it was funding from Deloro/Mayan put Petroteq in that enviable position). The legal advice they received from the outset I'm sure would have been free from any doubt. In business, you simply don't plough in $10M to be told "hey buddy we don't need you anymore - here's your money back." Naive or what. No doubt interested institutions (they visited Utah recently) will already be modelling their options to "get in" at these low levels. Deloro (and by inference) Mayan are in a very good position as the agreements are with Deloro, not the institutions looking to coming in. This is all about valuation now. As a Deloro unit holder (I recall you clearly stating on this board that when you acquired) you will have a pretty good idea what the next level of Deloro units will be valued. I expect at a substantial uplift.

"The Asphalt Ridge oil contains a high percentage of hydrocarbons that are diesel range organics (C-10 to C-28) making this oil an ideal oil for diesel fuel. The tight shale plays that are an increasingly important source of domestic oil production typically have higher concentration of hydrocarbons in the gasoline range organics (C-6 to C-10), so are not as readily refined into diesel as they are gasoline. The disproportionate production of very light oils in the USA as opposed to heavier oils, may result in upward pricing pressures on heavy oils if this trend continues." Looks like we might see an increase in pricing for AR oil : )

on the bell - nice.

"There are trillions of barrels of oil contained in oil sands, all over the world. However, most of these deposits are not currently being moved to production. In part, this is because of the harmful environmental consequences, in part it is a function of the enormous cap-ex required for this form of heavy oil production. Not only is such oil production harmful, it is expensive. At current crude prices, the economics of attempting to put most of this oil into production are dubious. Petroteq�s patented process for tar sands production is clean and it is cheap." Read more at http://www.stockhouse.com/news/newswire/2018/03/07/revolutionizing-oil-production-cheaper-cleaner-more-efficient#Y1eimlhJsozpHL6p.99

Azerbaijan Oil Major SOCAR Energy (Ukraine Branch) Joins Petrobloq's Oil & Gas Blockchain-Based Consortium Mar. 7, 2018, 01:48 PM STUDIO CITY, CA, March 07, 2018 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (�Petroteq� or the �Company�) (TSXV: PQE; OTCQX: PQEFF; Frankfurt: A2DYWC), a company focused on the development and implementation of proprietary technologies for the energy industry, is pleased to announce that SOCAR Energy Ukraine, Ltd. (�SOCAR�), a subsidiary of State Oil Company of Azerbaijan Republic, as the latest member of PetroBLOQ, the Company�s subsidiary and developer of a blockchain-based oil and gas supply chain management platform. http://markets.businessinsider.com/news/stocks/azerbaijan-oil-major-socar-energy-ukraine-branch-joins-petrobloq-s-oil-gas-blockchain-based-consortium-1018299847

MYN soon to follow: Oil Spotlight on Small-cap Petroteq Energy Inc (OTCMKTS:PQEFF) Petroteq Energy Inc (OTCMKTS:PQEFF) has been on the move in a big way over recent days, with shares ripping off the $1/share support level after a month of sideways rangebound action. The recent breakout takes the stock back above its key 50-day simple moving average on a major jump in average trading volume. The move appears to have been catalyzed by the company�s announcement that it has successfully completed testing of all major process systems at its heavy oil extraction facility in Asphalt Ridge, Utah. More https://oracledispatch.com/2018/03/07/oil-spotlight-small-cap-petroteq-energy-inc-otcmktspqeff/

in the sin bin for making things up... great entertainment on this board chaps, lol