Member Info for orslega

the warrants have not lapsed - 3 years from June 2018 - so June 2021

AOGL have an investment on PQE - they have 1M share and 1M warrants in PQE - both underwater at present but that could change very quickly - better do, lol

PETROTEQ ANNOUNCES CLOSING OF FINANCING, PRODUCTION INCREASES AT THE EXISTING FACILITY TO REACH PROFITABILITY

That's good -but need a full update on production - Sealock said by 31/12/2019 they would be on 24/7 production - market needs some detail.

Good to hear also that more interest in Licensing.

Slowly but surely.

no chance of that, lol

"Attis will provide further updates in due course and is seeking to complete the Proposed Transaction on an accelerated timescale."

As I said it sounds like the deal is all but done.

"A detailed transaction structure has been agreed in outline with the Target. The MOU includes a number of material conditions, including mutual due diligence, regulatory and shareholder approvals, where required, and Attis having sufficient cash resources to use towards the Proposed Transaction"

It sounds like the deal is pretty much done - wonder how much cash do Attis need to raise (some at least from non core asset sales)

https://twitter.com/world_tar/status/1212356456940486657

that would be good....

Happy new year all longs!

going on today - well lets hope it is the bottom!

Happy Xmas to all suffering longs - let's try and make a few quid back in 2020.........famous last words.

First cross border licensing deal please:

"Ms. Goldin has a wide range of experience in corporate and legal matters, with an expertise in cross border transactions. She is currently a lecturer at the USC Gould School of Law, Counsel at Nolan Heimann LLP, and provides consulting services to public and private companies as well as investment managers. During the period of 2009-2017 Ms. Goldin was Vice Chair of Redline Capital, a US$350 million investment fund, where she was also a member of the investment committee. From 2007 to 2014, Ms. Goldin also held the position of Vice President and General Counsel at SISTEMA, a London Stock Exchange listed holding company with US$40 billion in assets under management"

Alex Blyumkin, Chairman of Petroteq, stated, “We are excited that Ms. Goldin is joining us at this critical juncture for Petroteq. Her skill set and relationships will be invaluable as we look at new opportunities to grow the company.”

https://ir.petroteq.energy/press-releases/detail/341/petroteq-announces-results-of-agm-and-expands-board-of

I won't be around either to listen live but you can listen to the recorded version - free to dial in

yep up nicely yesterday - third consecutive up day.

any body interested in the inaugural PQE conference call - happening today:

https://twitter.com/PetroteqEnergy/status/1206679580871987200/photo/1

Good to see production increasing - even as temperatures are dropping in Utah; recall Sealock talking about this earlier in the year - there was a critical engineering re-design to ensure no production days lost in winter - seems to be working. See temperature is -4 today - snowing.......

https://www.ksl.com/article/46690928/saturday-snow-creates-difficult-drives-in-utah

Looks like that is the plan.

Should be another good week. Up 15% in the last 2 sessions.

Ramping up: slowly but surely it's happening : )

Petroteq Announces Update on Oil Production and Oil Quality Baseline

SHERMAN OAKS, Calif., Dec. 16, 2019 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), is a fully integrated oil company focused on the development and implementation of its new proprietary technology for oil extraction with producing assets at Asphalt Ridge near Vernal Utah, is pleased to announce that since last reported it has increased its daily average oil production and made changes to its facilities oil quality baseline.

Since December 9, 2019, Petroteq Energy is pleased to report that:

The facility has produced an average 200 barrels of oil in 12-hour process shifts - a total of 6 days of the 7 day period;

The Company is in the process of training additional team members with the intent of increasing production shifts and allowing for increased daily production;

The facility has produced oil with API gravity of 15 to 17 API degrees (higher API of up to 20 degrees has been recorded for shipping of the product during current cold weather conditions);

The facility has produced oil with BS&W (Basic Sediment and Water) or “sediment levels” averaging two to three tenths of one percent; and

The produced oil is of a low sulfur percentage (less than a half a percent 0.5%).

well we'll see - but can't see it going any lower. Picked up yesterday I see.

Generating $0.5M a month sales - on low starting continuous output - should get the sp moving in right direction.....as DS said soon be able to book reserves to balance sheet which will sharpen things.

lol. yes, the whole interview was obviously scripted (he talked very fast) - he had to get approval before releasing - can't afford to make a slip up.....

...anyway roll on 24/7 production in the next 2 weeks - that will be big news, fingers crossed : )

27 min in David Sealock says 24 hour production is scheduled to start this month. Great. He should have said that in the last RNS

insert this in front - h t t p s:/ / v o x m a r k e ts .c o . u k

****************************/articles/versarien-petroteq-energy-chris-bailey--caae9bb/

"deeply invested I hear he is in PQE"

Agreed I have a few quid in but am quite happy with the situation - timeline frustration for sure - have a very low base cost so happy to sit tight. No rush to exit, at all, long term investment. I am here because I expect them to execute their business plan and more.

Keep in mind that the BIG investment money (their main business plan in terms of revenue generation) has nothing to do with CAPEX or OPEX - once technology is properly proven - commercially, then the returns will arrive. If you believe they have cracked it then the investment returns will be huge.

Of course each to their own, dyor

LGO - may have an answer on that in next couple of days