Member Info for orslega

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

Status
FEASIBILITY CONFIRMED AND OPERATION BEING CERTIFIED.

Maybe a sign alls well : )

https://www.petroteq.com

from last November - this sets out the relationship with Greenfield / Valkor:

https://ir.petroteq.energy/press-releases/detail/366/petroteq-energy-signs-non-exclusive-multi-site-license-for

Greenfield via Tomco have effectively financed the engineering upgrades at the Petroteq plant over the past few months in return for a US Petroteq licence. Petroteq were cash strapped at the time - so a smart move to get the plant upgraded whilst retaining full ownership of the IP.

Rewhbe is correct. Petroteq are very much involved in the current trials, believe it or not. Petroteq RNS 28/4: "We determined....we expect.....

George Stapleton, Petroteq's COO, commented: "After optimizing the extraction process following initial plant start-up, we determined that certain equipment additions would improve not only the process of extracting bitumen from the oil sands ore but also the removal of clay fines from produced oil. The required equipment has now been installed and commissioned, and we expect that the projected improvement in operating efficiencies will help support the third-party review of the commerciality of the extraction process. We will look to fine-tune the ?various plant systems with the view to increasing production rates and, if warranted by operational and economic conditions, moving to a two-shift operation. Much has been learned from operation of this demonstration plant and all of these lessons learned are now being incorporated into the Front End Engineering Design ("FEED") of a 5,000 barrel per day ("BPD") production train, which is currently underway."

Remember who owns all the IP here, Petroteq. The rights over engineering updates etc being carried out by Valkor is all owned by Petroteq - part of the Licensing Agreement. That's why they are involved, strangely it might seem to some, lol

https://s3.amazonaws.com/content.stockpr.com/sec/0001796993-21-000008/0001796993-21-000008.pdf

Meanwhile Petroteq Chairman takes his holding in PQE to 5.56%.

All coming together : )

https://s3.amazonaws.com/content.stockpr.com/sec/0001062993-21-004070/0001062993-21-004070.pdf

For those interested in buying Petroteq

https://www.hl.co.uk/shares/shares-search-results/p/petroteq-energy-inc-npv

Not sure if the purchase/sale is routed by a Canadian partner, quite possibly, but the user experience is such that the transaction appears seamless. Latterly though I have noticed that the transaction is via fill or kill, so that way could involve a Canadian broker.

Either way though an easy user experience.

Markets open in Canada & US today

Make sure you put them in your ISA (which is allowed even though non uk security).

Serious tax free gains in the making : )

Petroteq ("PQE") is listed on TSX exchange in Canada and OTC in the USA.

https://money.tmx.com/en/quote/PQE

I use Hargreaves Lansdown here in the UK to buy. Very straightforward.

that vimeo link doesn't work, this one does:

https://www.youtube.com/watch?v=5nwywpYEEu0

For those interested watch the video - very informative:

“Follow the Molecule” provides a unique opportunity for shareholders and analysts to view the revolutionary, environmentally friendly process that the Company has implemented to exploit its total gross contingent resource of in excess of 130 million barrels of surface oil sands heavy oil in place, based on the Chapman Petroleum Engineering, Ltd. resource reports for Asphalt Ridge and PR Springs and Tar Sands Triangle, dated August 8, 2018 and December 31, 2018, respectively. Such contingencies are stated below. The Chapman reports were prepared in accordance with the National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities and is compliant with the internationally accepted Petroleum Resource Management System (PRMS) standard and the Canadian Oil and Gas Evaluation Handbook (COGEH).

The video details the transformation of highly oil saturated feed ore recovered from the mining operation to heavy crude oil in the sales tank through a combination of video and animated process diagrams to provide an understanding of the Company’s proprietary processes."

https://Vimeo.com/341690341

minimil - take a look at this link, it explains - re temp - much lower in Petroteq process/tech

https://petroteq.energy/technology/oil-sands-extraction

"It extracts up to 99% of all hydrocarbon contents and recycles up to 95% of the solvents. The proprietary solvent composition consists of hydrophobic, hydrophilic and polycyclic hydrocarbons. In testing periods, these solvents separated up to 99% of heavy bitumen/asphalt and other lighter hydrocarbons from the oil sands while preventing their precipitation during the extraction process. Solvents used in this composition form an azeotropic mixture which has a low boiling point of 70-75 C degrees. Petroteq expects to recycle over 95% of the solvents used. These features make it possible for hydrocarbon extraction from oil sands feedstock at mild temperatures of 50-60 C degrees... with no vacuum or pressure applied.

There's no need for tailings ponds because the only elements that leave the closed-loop system are the extracted crude oil and the cleaned sands, which can be used for site reclamation or sold as clean sand for use as a concrete aggregate"

https://s3.amazonaws.com/content.stockpr.com/sec/0001062993-21-003949/0001062993-21-003949.pdf

https://ir.petroteq.energy/press-releases/detail/374

When you need to find $180M to build a 10K plant you need a heavy weight corporate finance guy. Fairdos.

Well AB had to pay a 25% premium to yesterday closing ie US$0.06 is equivalent to Can$0.075 - which is a 25% premium to yesterday closing at Can $0.06.

A positive sign also.

Another top up for Petroteq Founder and Chairman

https://ir.petroteq.energy/press-releases/detail/373

See this as a positive for the likely success of the technology.

Lenders happy to take shares aswell another good sign. Dilution yes but it was a large loan now removed as a liability.