Member Info for orslega

https://www.digitaljournal.com/pr/petroteq-receives-praise-for-first-ever-zero-waste-oil-sand-production-technology?__cf_chl_jschl_tk__=a0064aa54b0aab4c84f86e8501b374c59e632ce0-1622177267-0-AUMNyKn_tjxXf0LgzwsCqAdHy3N8QI3baiD2_L0HmmET3i0qpyPgn6aPA_3-yiuT280hEh6rr7XBAf9LRdwxIbH55JP2vr1fiyj-VRW0qKwOrDjvkiMnEzjsdi9PAZdRdV7AsCEXxp_QI1_Wd4wM9uD8_pvDt3otEVWvqcBiX6YV-L8Xk5btBGbH4zD48jdnohkeqReFXjMLoaCJZN7i5ZIjVZfzFh9NgQYjE0qBXUSCIlllOGxIzQFSetRaqrdMdERfOJ1wVnogVoAY7rbyZ0gZMrAld60wsN_JwoCiqG2nolJGik8Z9sB0Oag9JyBuNIq7GfgH8LAjwUEkFhpyFxd4y2VpLxRBtMQRFUAWGMzWa3eNamwvS-uZeFcfESoSc_WoOAheSilSK40quZ6anT22tNYbzcgFpaEUsKUaqr9j95UcuhRDm3IQdeQR2-qENK4RFrq8HdZdTlm3CiFtxHBhFvte4mFSX83Eh3jO3mSd55wdyTfwE0HOaKndZeZOmtMb8qDye-lylyjmQ6r303RWElbvUXrPGCvOqPRYR_x6_NtQ-PP61ZEZMtn7UZKnuA

Why would anyone accept $0.71 canadian at this point - if real it is a low ball offer. See what happens.

Petroteq is a getting a huge amount of attention right now.

Here you go Reddog - this RNS from Petroteq explains what has happened.

fyi I and other large holders have emailed the offerer who has responded requesting proof of share ownership - assuming we want to accept the 0.48 euro offer. Following which a SPA will be issued, so they say. I have no plans to accept but was interested in the process.

https://ir.petroteq.com/news-presentations/press-releases/detail/375/petroteq-comments-on-offer-appearing-in-german-publication

Petroteq up 33% on open : )

The BIG one: "A third party engineering firm has been engaged to review and certify the commerciality of Petroteq's Clean Oil Recovery Technology ("CORT").

They will pretty much know now it is commercial as they have engaged independent verification - otherwise you'd wait. Very positive.

Bonus, is confirmation of the planned sand sales soon : )

All looking good

https://ir.petroteq.com/news-presentations/press-releases/detail/376/petroteq-energy-announces-that-production-of-oil-from-the

Yes now 85% - the OTC guys are just getting wind of this and I expect this will run up a lot further imo.

The point is that that Petroteq will not suspend the shares unless there is an offer for the whole company. The offerer is looking for 200M approx 45% of the company.

With the prospect of 8-9 bags from here most can see the interest.

So game on - need the trials/FEED completed by 30/6 - worry about the NOI then.

26 May 2021

TOMCO ENERGY PLC
("TomCo" or the "Company")

Greenfield Update


TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, provides the following update in respect of the work being undertaken by Greenfield Energy LLC ("Greenfield"), the Company's 50/50 joint venture with Valkor LLC ("Valkor"), with respect to Petroteq Energy Inc's ("Petroteq") existing oil sands plant at Asphalt Ridge, Utah (the "POSP").

As announced on 18 May 2021, Utah's Division of Oil, Gas and Mining ("DOGM") issued a Cessation Order (the "CO") on 14 May 2021 in respect of the POSP's operations at the Temple Mountain Mine being operated by Greenfield. Greenfield is pleased to report that following a conference with the DOGM on 21 May 2021, Petroteq received notice from the DOGM on 25 May 2021 that it was modifying the CO so that operations could immediately recommence at the site. The modified CO will allow processing and testing operations at the POSP to take place until 30 June 2021. Operation of the POSP after that date will be subject to Petroteq submitting a complete Notice of Intent before 1 July 2021, satisfactory to DOGM, covering, inter alia, mineral processing methods and facilities, waste handling and management and reclamation plan. Greenfield intends to work with Petroteq with a view to ensuring that this requirement is met.

Now 120% : )

PQE: Frankfurt - up 73%. Interesting start.

https://www.boerse-frankfurt.de/equity/petroteq-energy-inc

Yes it is Petroteq. Up 14.8% on low volume. On OTC.

All three markets opened today- TMX and Boarse were closed yesterday.

"Uppgard Konsult AB provided limited responses to the Company's questions and confirmed that they are acting on behalf of an unidentified third party. Uppgard Konsult AB indicated that they had a mandate to complete the purchases disclosed in the offer. Uppgard Konsult AB did not disclose who the offeror is but indicated that the offeror intended to issue a press release in due course."

The Press Release (assuming they issue one) will probably be this week. Plot thickens.

Petroteq stock trades on 3 markets, OTC (US) TMX (Canada) BORSE (Frankfurt).

Today TMX and BORSE are closed for public holiday. Usual Petroteq luck! lol

All eyes today on OTC.

yes backdoor offer - starting at x14 times the current share of Petroteq.

Offer 0.48 euro = 0.71 Canadian.

Petroteq closing price Friday Canadian $0.05; 0.71/0.05 = x14.2

A suitor could not accumulate 200M Petroteq shares in the open market, so the offer (if real) targeting holders of 1M or more. I can tell you that even if this is for real the offer would be rejected, outright. $0.71 per share is a nonsense for this technology. If real, the offeror is praying on the fact that the current share price Petroteq is priced to fail and has been for many months. The Petroteq Chairman has privately stated they won't sell out for less than $1B min. That $2.2 per share. You can see why a predator would want to accumulate as may shares as poss this way - outside the conventional way.

If nothing comes of this what it does is highlight the undervalue.

Should also rub off on Tomco - the inference being that the technology is a commercial runner.

Lets see - the offerer has said they will be issuing a Press Release about their intentions, but not said when.

https://ir.petroteq.com/news-presentations/press-releases/detail/375/petroteq-comments-on-offer-appearing-in-german-publication

There is no public offer - yet - that’s why.

This is a way to accumulate stock in a company without the market going crazy - the free float is small so trying to accumulate 200M shares in the market is a non runner for a potential purchaser.

If this is for real we should hear more this coming week. Very interesting development.

Simple - any purchaser steps into Petroteq shoes for deals entered into prior to any takeover. The purchaser then controls future licensing deals, terms etc going forward.

That offer - if it is credible - is 13 times Petroteq currently share price.

The Petroteq Chairman and CEO has always maintained there would be no sale until an offer at least US $1 billion pops up. Euro 0.48 is equivalent to $0.71 Canadian, around $360M Canadian- so well short.

Very interesting development.

Next week should be fun!

Very interesting if true:

UPPGARD KONSULT ABSwedenVoluntary public offer to Petroteq Energy shareholdersSecurities code A2DYWC, ISIN: CA71678B1076Uppgard Konsult AB, Sweden, offers to the shareholders of Petroteq Energy to purchase their shares (WKN A2DYWC, ISIN: CA71678B1076) at a price of EUR 0.48 per share. The minimum purchase is 1,000,000 shares.The offer is initially limited to 200,000,000 shares. For larger quantities, please ask. In addition, acceptance shall take place in the order in which the declarations of acceptance are received. The offer ends on 30.06.2021, 18:00.The public offer to buy as well as the purchase contracts concluded on this basis are subject to German law. This offer is not intended for shareholders in any jurisdiction in which this offer violates the laws in force there.Shareholders wishing to accept the offer are requested to declare this by 30.06.2021, 18:00 at the latest to Uppgard Konsult AB, Lastgatan 4, 775 54 Krylbo/Sweden, telephone: 0046 8 525 00 601, e-mail: info@uppgardab.com, and transfer the shares to the depot of Uppgard Konsult AB. The purchase price will be transferred to a bank account to be named by the shareholder immediately upon receipt of the shares. Krylbo, Sweden, 13 April 2021

New pics of the site - hit link below and scroll down

https://www.petroteq.com/operations/