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Tomco and Greefield get a mention but the focus is on Petroteq technology.

So after 17 mins he concluded (1) that it is a very exciting time to be a Petroteq shareholder (2) expecting a much higher price than the Uppgard offer and (3) bidding war will commence.

https://twitter.com/stockboxmedia/status/1444687456356356096?s=21

https://presentation.petroteq.com/

Read between the lines:

George Stapleton, Petroteq COO, commented: "...........using our CORT process ..........while creating a higher value product stream for Petroteq's future commercial production."

Petroteq clearly have their own plans...why wouldn't they, they own the IP; room for quite a few players in Utah......remember the Licence granted to Greenfield is not exclusive. Plus licence is USA only.

???? = thumbs up and rocket, lol

Using “our CORT process”. ????

But maybe simply an extension but there was no reference to date in first agreement. A little odd. They could want more samples then….as usual bit if a guessing game. They originally said the results are due out by next week?? So could be a delay.

So Stage 1 complete - as outlined one year ago in QFI RNS 18/8/2029, now move to commercial trials, Stage 2.

“Quadrise, Greenfield and its JV partners, Valkor and Tomco will continue to cooperate in good faith to agree the commercial terms of a conditional MSAR® licence and commercial supply agreement for the production of MSAR® fuel under Phase 2. Such a conditional licence, which is now envisaged would be provided directly to Greenfield (rather than to Valkor and assignable to JVs as had been previously envisaged) will only be finalised upon, and following, inter alia, satisfactory results of the Phase 1 CTA, the agreement between the parties as to Phase 2 commercial terms and the entry of binding agreements.”

Canadian Government might save billions buying Petroteq

https://oilprice.com/Energy/Crude-Oil/Oil-Sands-Producers-Will-Need-Federal-Support-To-Go-Green.amp.html?__twitter_impression=true

Minimil; I recommend that you spend a couple of hours reading the detailed progress updates of the test plant site in Vernal, all there on the Petroteq website over the last 5-7 years. You will see Valkor mentioned many times as the lead engineer in designing what has now been confirmed (see FEED report for 5,000 bopd plant as independently verified) as world first commercial oil sands extraction plant. That imo is not a bad reason to invest, you think?

Keep in mind no one has every achieved this huge milestone that Petroteq has and Valkor have been instrumental in the process.

Then take a peep at Valkor CEO credentials. Steven Byle is an extremely successful entrepreneur. Valkor is a private company - so not possible to invest, but if they ever floated there would be many who would, for sure. Follow the money.

https://www.stevenbyle.net/companies

Friendly takeover at 0.50 euros. Really, the Board has already publicly stated the offer significantly undervalues.

Can see this going hostile if the offeror pursues without increased N America offer - assuming they do offer in N America. Proof of funds now demonstrated - Petroteq will also know by now who is behind this.

Interesting next move from them.

https://ir.petroteq.com/news-presentations/press-releases/detail/388/commercialization-of-petroteqs-technology-has-been

https://ir.petroteq.com/news-presentations/press-releases/detail/386/petroteq-energy-announces-completion-of-feed-study-for

Better not hang around - I hear COO George Stapleton is doing another Stockbox interview this weekend- with airing on Monday.

FEED news maybe, due by 31/7 - so last working week ahead for this if they are on time. Think we are in for a big week, fingers crossed the FEED report and independent ticks all the boxes. If so, a world first for Petroteq technology.

Joe - for your information "investigation" came about via a third party keen to low ball Petroteq. Whoever is was reported matter to SEC who the requested clarification. Possible someone doing due diligence or the party originally involved in 2018. The company have made a statement - the party involved with the original debenture has made no claim against the company, as stated in PQE RNS. It's a an accounting issue - it will be booked as a contingent liability and not paid. If it was serious the shares would have been suspended. SEC are a force not to be reckoned with. End of.

The share price went up 47% on Friday because Uppgard have said - and are now issuing - proof of funds (euro 120M). The share price went up 6% yesterday. That tells you that the accounting issue is a non point, as the RNS was issued late Friday.
I expect to see the Petroteq board to be bolstered soon - they are going to need a strong board to fend off plenty of attention coming their way very soon.

Very interesting, speculation - could Shell be taking a look at Utah? (via Petroteq).

https://www.msc.com/che/news/2021-july/msc-and-shell-collaborate-on-decarbonisation

For those not following the shareholder offer for Petroteq, today 1M plus shareholders are receiving letters showing proof of €120M funds to purchase 200M shares. Digging has revealed a connection with Royal Dutch Shell as the possible offeror. Getting very interesting to say the least!

“Our Oil Sand Hot Stock Petroteq Energy Inc. also has a unique technology for environmentally friendly oil extraction from the oil sands, making it a hot takeover candidate for the world's largest oil sands companies such as Suncor Energy Inc. (NYSE: SU, #SU, $ SU), Canadian Natural Resources Limited (NYSE: CNQ, $ CNQ, $ CNQ), ConocoPhillips (NYSE: COP, #COP, $ COP), Exxon Mobil Corporation (NYSE: XOM, # XOM, $ COM) and Royal Dutch Shell plc (NYSE: RDS-A, # RDS-A, $ RDS-A). “ https://www.boerse-express.com/news/articles/oil-sands-hot-stock-entdeckt-64-mrd-oel-neuer-341-oelsand-aktientip-nach-1570-mit-exxon-mobil-xomnyse-2537-mit-conocophillips-copnyse-5644-mit-suncor-energy-sunyse-und-929561-mit-canadian-natural-resources-limited-cnqnyse-ac-research-346272

http://value-trades.blogspot.com/2021/07/the-two-best-stocks-in-canada-right-now.html?m=1

$5M raise, CEO subscribed for $225K . Commence consistent commercial production at the plant. Good!

"I believe that the subscriptions for more than US$5 million, including US$225,000 of my own money, is an indication that there is confidence in support in our company, our technology and our prospects," said Alex Blyumkin, Executive Chairman of Petroteq. "We are excited to continue to develop our technology and commence consistent commercial production at our plant".

https://ir.petroteq.com/news-presentations/press-releases/detail/383/petroteq-announces-equity-and-debt-financings-including

Looking very strong : )

Tomco will eventually follow their leader, lol