Member Info for orslega

in fairness - automation of the plant was only completed on 25/11 (per RNS) - so just 2 weeks ago, so in the scheme of things (and previous delays) they probably see this as good progress (otherwise why bother announcing actual bopd?) - imo they should have only announced the 17/12 conference call today - then in-between concentrate on upping production - then when decent figures arrive announce on 17/12. Hey ho, we are where we are.....

Lets see.

well I did say slowing ramping up - yes, slower than all hope for.

They have moved from 80 to 150 bopd - in last couple of weeks - both 12 hour shifts.

So automation training etc should give a base of 300 bopd for 24 hours as minimum - then build from there.

"The facility has produced an average of 150 barrels of sales oil in 12-hour process shifts over the last two days;
The Company is in the process of training additional team members with the intent of increasing production shifts;"

More patience.

https://ir.petroteq.energy/press-releases/detail/339

slowly ramping up - around 300 bopd currently

Their tweet yesterday:

???????????????? ???????????? ??????

In August 2018 our CEO David Sealock held a vision that we would develop our environmentally friendly oil sands extraction tech into a true commercial proposition.

That time is now upon us. Petroteq ‘vision

https://twitter.com/PetroteqEnergy/status/1202881131693117441

Someone saying the shareholder conference call is likely to be 17/12 - so hopefully we may see an update close to that. The share price is still sitting in doldrums - no more top ups, lol Fingers crossed.

Attis are probably going need access to some of these monies in the coming year - but absolutely not at this price.

going on here - guess our friend has decided that top up was not a good move. Now selling.

Agreed - full corporate update is needed - apparently due very soon (before confirmation call on or around 17/12). Am happy to watch and see.

Could well be - Valkor have already taken a Petroteq Licence for use of their technology

Petroteq Corporate video - released yesterday for those interested:

https://twitter.com/PetroteqEnergy/status/1202139217985507328

A good watch - all coming together (at long last!)

https://twitter.com/PetroteqEnergy/status/1202139217985507328

out today:

https://twitter.com/PetroteqEnergy/status/1202139217985507328

yes - that has PQE technology written all over it; can see Valkor taking second licence from PQE.

Mention of Trinidad aswell.

All fitting into place - just need a PQE update on production etc They have been very vocal of late on Twitter so fingers crossed they have made the progress to move the sp substantially.

RNS - sounds like there was a sticking point.

Luther is correct - this will be the first commercial plant. Inflection point. Fingers crossed.

"The Company believes that the Plant may be the first commercial plant in the U.S. to demonstrate a technically and economically viable technology for the extraction and upgrade of crude oil from U.S. oil sands and bituminous sandstones. For more insight into the Company’s proprietary technology, referred to as a “Clean Oil Recovery Technology” or “CORT”, and the potential growth opportunities the Company may have using CORT, please watch the video entitled “Petroteq Vision”.

Petroteq say they have had many enquiries - international eyes are watching ; the big investor returns is in the Licensing/JVs.

“Technology advancement in unlocking the enormous deposits of global oil reserves has been our focus in achieving energy independence and economic expansion,” stated CEO David Sealock, “and Petroteq’s CORT (Clean Oil Recovery Technology) is a primary key to develop the tremendous surface mineable oil sands resources in the USA and internationally. Petroteq’s technology has the potential to open these resources to new development opportunities and with this should come tremendous value potential.”

it was a 1 minute video posted of the plant in full automation mode - impressive sight. Obviously someone broke the posting rules.

As announced previously they plan an investor update soon, production news etc in a conference call - that date will be released this week.

https://twitter.com/PetroteqEnergy/status/1198563372108832770

Licensing the technology is why the company was formed.

Just waiting on production numbers then there will be huge interest. Watch and see.

"I expect by mid 21 PQE will make more from the Royalties than from its own production."

Precisely - that was always their plan.

But by mid 2021 PQE shareholders could have been taken out. Big bucks. Fingers crossed.

Ramping has not started yet .

ps Attis will make some good money aswell

More validation.

And this one "Proven success": “I’m very pleased to take on this advisory role at such an exciting time for the company. Having recently achieved the important milestone of continuous production of high-quality crude oil, the Petroteq process is what I believe to be a proven success. I look forward to helping the company capture the full potential of this exciting technology as it goes though the next phase of expansion and development,” stated Dr. Rollins.

Going to get interesting now : )

Validation

“In working with Petroteq for the past year at its Asphalt Ridge facility in Utah, and signing a technology licensing agreement in July, it is more apparent that Petroteq’s technology is highly effective,” stated Steve Byle, CEO of Valkor. “

Looking good:

https://ir.petroteq.energy/press-releases/detail/338