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yes, thing is we are able to get the Petroteq news before Mayan are able to release it - they obviously have to go through Nomad etc to make sure not fake news, lol But that's good as we get the heads up prior to any UK update : )

Sounds like the new plant will be operating 24/7. From yesterday RNS: "Petroteq has successfully completed testing of all major process systems at the facility and is undergoing test runs of the utility system in preparation for the launch of commercial production. The agreement shall continue on a month-to-month basis following the initial six-month term. The monthly price shall be the calendar day average of the NYMEX settlement price for West Texas Intermediate Light Sweet Crude Oil, less $6.50 per barrel and adjusted for basic sediment and water (BS&W). �Petroteq's oil from its oil sands is a high quality heavy crude oil with low sulfur content, low heavy metal content and no waxes or paraffins,� said Donavan Cameron, Firebird�s President. �With high concentrations of the very valuable diesel fraction hydrocarbons and aromatic hydrocarbons, the quality of Petroteq�s oil meets all refineries� specifications and quality requirements.� Firebird has access to Andeavor Logistics� Rockies South Pipeline, a 66-mile long pipeline located in Redwash, Utah, about 40 miles from Petroteq�s Asphalt Ridge facility. This pipeline is used to transfer hydrocarbons directly to refinery facilities, and major corporations including Chevron, Plains All American, Sinclair and Andeavor (formerly Tesoro) who purchase local production and use this pipeline for transport. The total daily crude oil refinery processing volume in Utah exceeds 100,000 barrels. �This critical offtake agreement enables Petroteq to focus on 24/7 uninterrupted production cycles and developing continuous growth of our production capacity,� said Petroteq CEO, Alex Blyumkin. �This agreement maximizes our flexibility and our price leverage by diversifying customers among all local refineries.�

you are starting again to dig yourself a hole you cannot get out of; do yourself a favour and watch what happens.

100 bopd at each FH wells will not only make MYN cash flow positive but profitable : ) Then add in 80 bopd initially (this month) from Asphalt Ridge. That will be big numbers - do the maths. We should hear soon on how the landsman is getting on with additional FH lease negotiations. The rig will still be in situ.

The PR campaign in full swing: this is excellent - little ol Petroteq and multi-national PEMEX "Pemex, the Mexican state-owned petroleum company and one of the world�s top petroleum producers, has announced that it will adopt and integrate of a blockchain technology platform to manage the supply chain of oil and gas. The move came as Pemex joined the Petrobloq Global Blockchain Industry Consortium run by Petroteq Energy Inc., a company focused on the development and implementation of proprietary technologies for the energy industry. With over 100,000 employees and extensive vertically integrated operations, Pemex already made headlines as the first petroleum company to accept cryptocurrency as a form of payment. Migrating its business processes to a blockchain platform is expected to be a major step in optimizing Pemex�s business processes from production to sale. Related Content: Expansion will allow port to handle more shipments of export cargo and import cargo in international trade. CMA CGM Setting Up Cold Store Logistics Facility at DP World London Gateway Petroteq�s subsidiary, PetroBLOQ, LLC, is seeking to develop the first supply chain management platform for the oil and gas industry based on advanced blockchain distributed ledger technology. Petroteq has entered into an agreement with Grupo Pelge, a Mexican corporation, and Pemex�s chosen international liaison, to represent Petroteq�s interests in Latin America. As a result, Pemex has invited Petroteq to register as a service provider, through the Pemex management portal run by Achilles Information, one of the world�s leading global supply chain management companies. Through the Achilles portal, which manages service providers for over a 100 major buyers and over 10,000 suppliers, PetroBLOQ aims to have the ability to offer Pemex and other companies in the oil and gas industry the use of a supply-chain system, once it is fully developed. �We believe this new opportunity with Pemex serves as a testament to the success of our vision as we continue to make progress in our most recent venture, to develop and operate an enterprise-grade, blockchain-based platform,� said Alex Blyumkin, CEO and Chairman of Petroteq. �As part of our strategy to build advanced oil processing and refining facilities, we discovered inefficiencies and bottlenecks associated with the industry�s supply chain, and proposed blockchain solution is being designed to enable oil and gas companies globally to conduct transactions.� http://www.globaltrademag.com/global-logistics/pemex-joins-oil-gas-blockchain-industry-consortium

Wait and see what transpires - I don't think that Petroteq are in this for screwing the partners - the very partners who put them in the position that they are in today. They were financially in dire straights in case you hadn't noticed before the Deloro/Mayan deal. From my experience business does not work they way you are suggesting. There is a lot more going on that you think - clearly!

read the small print - was it just Petroteq who showed institutional investors around - err NO. RNS " Petroteq, Deloro, Mayan and institutional investors are to visit Asphalt Ridge on 16th January 2018"

this evenings entertainment, the expression digging a bigger hole springs to mind.....

https://ir.petroteq.energy/press-releases/detail/252/petroteq-energy-announces-offtake-agreement-with-firebird

.....another 20% in US today? 5 Companies Ushering In A New Oil And Gas Era "Petroteq Energy Inc. is a special addition to this list. A small company with huge potential." "The often-neglected oil sands in Utah�s Unitah basin has been a nuisance to oil majors eager to tap into its estimated 32 billion barrels, but only one company has generated production from this tough terrain. Petroteq. And this is only the tip of the iceberg. Worldwide, there are incredible opportunities for the licensing of this breakthrough oil sands tech. Canada alone has over 170-billion barrels of oil trapped in Alberta�s oil sands. While the technology has proven to work best for dry oil sands, which is found in most of these listed countries, it may eventually be modified to be used in wet oil sands too, like those in Canada." http://www.baystreet.ca/stockstowatch/3232/5-Companies-Ushering-In-A-New-Oil-And-Gas-Era

very true and good observations. Another important but maybe too subtle observation - did anyone notice the heading for yesterday's RNS - this was no longer headed up Asphalt Ridge update - but "Update on Heavy Oil Sands Project, Utah" We know the plan will be roll out this technology worldwide (see link from PR article his morning) - there will be enormous demands. I have said before Mexico is a prime target for this. So in due course, future RNS's Update on Heavy Oil Sands Project, 1 Update on Heavy Oil Sands Project, 2 Update on Heavy Oil Sands Project, 3 Update on Heavy Oil Sands Project, 4 and so on. Excellent

yes GT, the JV does have the rights - it is clear to see "Deloro private LLC which has entered into a joint venture arrangement with Petroteq under which Deloro will invest in a project that: � holds the right to explore, mine, extract, product and sell or dispose of oil sands, bitumen, asphalt and other hydrocarbon substances and minerals in and within certain lands and properties situated in Uintah County, State of Utah, in the United States ("the Asphalt Ridge project") that comprises: plant & equipment; 87 MMSTB's of contingent reserves; and intellectual property relating to the processing and extraction technology and land title; and

"And the team supporting them will be working towards licensing-Petroteq's technology in as many countries as they can." err, well that will be Deloro/Mayan : )

these are the guys Eddie is mixing with; aswell as good PR for Petroteq, this will bolster the next stages of investment, which is likely to include institutions (remember the AR visit last month) 4) Skin in the Game Expert Management Team The Petroteq (PQE.V; PQEFF) management team is savvy and forward-thinking. That's why it sees the opportunity not only in producing the first clean oil sands, but also in licensing its proprietary oil sands and blockchain tech worldwide. The Chairman and CEO of Petroteq, Aleksandr Blyumkin, has championed this Company and technology with millions of dollars, including an interest-free loan to expand the production capability at its Temple Mountain facility in Utah. Founder and CTO Dr. Vladimir Podlipskiy is a 23-year veteran in chemistry, R&D and manufacturing, and a chemical scientist from UCLA. He's the oil extraction tech genius with a line-up of patents for everything from oil extraction and mold remediation to fuel reformulators. President Dr. R. Gerald Bailey is a former Exxon president of Arabian Gulf operations, Dr. R Gerald Bailey. He believes in the technology and the company's ability to not only turn a profit, but also protect the environment while doing so. And the team supporting them will be working towards licensing-Petroteq's technology in as many countries as they can.

stand out comment: "With one plant, Petroteq says its potential is $10 million a year in profit with $25 per barrel production costs at today's oil prices. By the end of March the company expects to produce 1,000 bpd. The plan is to reach 5,000 bpd by 2019 at a cost of production of as low as $18 per barrel. And there's potential, says Petroteq, to achieve 30,000 bpd with proven reserves. Demand is expected to be voracious with oil that is produced in the U.S. cleanly and efficiently. And that's just the oil from a single plant: This story gets much bigger if you read on: The projected netbacks are impressive."

link for the rest of it - Petroteq are going places, getting excellent PR https://www.prnewswire.com/news-releases/americas-secret-weapon-in-the-oil-war-675808853.html

And it's right there-in Asphalt Ridge-that Petroteq has an estimated 87 million barrels of oil equivalent. Even better, this is heavy oil-producing oil sands that can be accessed directly from the surface, so there's no risk of running into a 'dry well'. Costs to produce are expected to come in at only $22 a barrel. With one plant, Petroteq says its potential is $10 million a year in profit with $25 per barrel production costs at today's oil prices. By the end of March the company expects to produce 1,000 bpd. The plan is to reach 5,000 bpd by 2019 at a cost of production of as low as $18 per barrel. And there's potential, says Petroteq, to achieve 30,000 bpd with proven reserves. Demand is expected to be voracious with oil that is produced in the U.S. cleanly and efficiently. And that's just the oil from a single plant: This story gets much bigger if you read on: The projected netbacks are impressive. Utah, Colorado and Wyoming hold about 1.2 trillion boe in oil sands and shale, worth a combined $72 trillion at current market prices. So, while oil sands in Canada are prohibitively expensive to produce in today's oil-price environment, Petroteq has found a way to produce in Utah for a targeted $22 per barrel. And it's doing it in a clean, safe and efficient way with proprietary technology. 2) War-winning Proprietary EOR Tech Winning the oil war against OPEC, and helping the U.S. to become energy independent is all about technology. And U.S. national interest right now is all about increasing domestic energy sources. Technological advances such as Petroteq's (PQE.V; PQEFF) proprietary Liquid Extraction System will become a key focus for developing U.S. oil sands deposits-and not just in Utah. Petroteq already has a significant claim to fame: Its patented oil extraction technology is the first ever to generate production from Utah's massive heavy oil resource. Existing oil sands extraction technologies use tons of water and leave 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. In tests to date, it extracts over 99 percent of all hydrocarbons in the sand, generates zero greenhouse gases and doesn't require high temperatures or pressures. For Utah's 32 billion barrels this tech could be the Holy Grail. The end result? The extracted crude oil is free of sand and solvents and then pumped out of the system into a storage tank. "The wet tech kills the environment," says Petroteq Chairman and CEO Aleksandr Blyumkin, "but we use green additives that allows the sand to be removed in a very clean manner. No other company has what we have in this space." Technology like Petroteq's can help make American oil for Americans: full energy independence. This technology is aimed to be deployed to cleanly unlock oil resources representing hundreds of m

LONDON, March 5, 2018 /PRNewswire/ -- Across the world's big energy markets, the energy war rages on. OPEC and U.S. producers have been competing for years, but it's now clear who's winning this fight. American production of crude oil rose to an all-time high, surpassing 10 million bpd. In February, the International Energy Agency predicted that U.S. shale output could meet all new global demand, thanks to its 'extraordinary growth'. Included in today's commentary: International Business Machines Corporation (NYSE: IBM), Microsoft Corporation (NASDAQ: MSFT), Celestica Inc. (NYSE: CLS), Pengrowth Energy Corp. (NYSE: PGH), TransCanada Corporation (NYSE: TRP). As Saudi Arabia is forced to maintain costly production cuts, the United States has embraced an energy revolution. OPEC cuts, led by the cartel's leader Saudi Arabia, have propped up prices, but there's no question how U.S. companies have come out on top. By embracing new technologies, innovations in upstream and downstream, and achieving maximum efficiency, American companies on the shale patch and elsewhere have unlocked American energy potential. But while shale has been the big story, it's really just the beginning. One little company is preparing to take U.S. energy to the next stage: unlocking oil trapped in U.S. oil sands for as little as $23/barrel and using blockchain-based supply-chain management to improve efficiency and cut out the middlemen. The company is Petroteq Energy Inc. (PQE.V; PQEFF), and it's here to help take U.S. energy dominance to the next level. Petroteq doesn't want to just produce oil from oil sands much more cheaply-it intends to license advanced technology globally, targeting not only the 1 trillion-plus barrels of oil equivalent in sands in Utah, Colorado and Wyoming, but the trillions of barrels worth everywhere around the world. Plus, Petroteq is harnessing the hotter-than-hot Blockchain sector to transform energy market deals and data. Now, with oil prices rising and predictions of future upwards movement and new tech winning the war for North America, here are 5 reasons to watch Petroteq very closely: 1) 87 Million Barrels of Oil Equivalent Oil sands don't have the best reputation: people tend to think of oil sand extraction as dirty and expensive. The tar sands of Canada, one of the biggest petroleum deposits on earth, were so expensive to exploit that most majors had to divest from their holdings there after the oil price crashed in 2014. But Petroteq is getting ready to change that, thanks to a phenomenal resource in Utah and an innovative new method for extracting oil sands crude. The State of Utah is home to more than half of all U.S. oil sands deposits, and the Uintah region has been producing oil since the 1950s. It's got more than 32 billion barrels of oil equivalent in sands waiting to be extracted from 8 major deposits. It's also got fantastic infrastructure, with 5 major refiners with truck routes to Salt Lak

precisely BT. VERY interesting times.

just to add to that, (for those who do not know) Khan is a 10,000 bopd man, his own outfit - but he also invested heavily in Mayan. Why's that then? Answers on a postcard - what is coming to MYN screen near you? Excellent : )