The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Here we go: "However, the Board of Directors believes that the offer undervalues the Company."
https://ir.petroteq.com/news-presentations/press-releases/detail/377/petroteq-provides-update-on-offer-appearing-in-german
Petroteq shares will rocket on back of this. Tomco will see some traction - tomorrow.
Anybody interested in listening to the key guys at Valkor, responsible for the activities at Greenfield, Steve Byle and Coby Crawford, check out these videos. Great insight.
They are both serial entrepreneurs, achieving huge success. With around 60M shares in Petroteq bought at the all time low they must be feeling pleased. But as you will hear they are used to making multi millions. Follow the money - if only it was possible to buy shares in Valkor......but it is a private company.
https://www.reddit.com/r/Petroteq/comments/nnyg1o/videos_petroteq/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
QS - indeed only just started. OTC closed tomorrow but TMX and Borse are open.
Sky Quarry- almost certainly David Sealock new venture will be using Petroteq technology- so if he progresses this opportunity - he had been seeking funding but not sure where he is with this - Petroteq will receive a $2M licence fee +5% annual sales royalties. DS knows this technology inside out, I expect he is watching closely.
Valkor have been buying up acreage in Utah (there’s a clue that they are confident) - the sale process is through sealed bids. Valkor outbid Sky Quarry last month on some large acreage.
Once Petroteq technology is confirmed as commercial via the independent assessment currently under way, watch the land (oilsands) prices rocket.
Petroteq PR machine ramping up, help send a message to those lowball Swedes.
Excellent overview published on Friday - note the header, “first”. Good week coming I expect including Tomco.
https://www.marketscreener.com/amp/quote/stock/PETROTEQ-ENERGY-INC-49478167/news/Petroteq-Energy-nbsp-has-developed-the-first-Zero-Waste-Oil-Sand-Production-Technology-33374186/?__twitter_impression=true
Quantumstar - it hasn’t really started. They are close to announcing independent verification of their technology- then see what happens with the share price. This will be world first.
PQEFF - Short Interest - Petroteq Energy Inc - Short Sale Volume, Borrow Rates, Fails-To-Deliver
http://fintel.io
See short interest was slashed by nearly half on Friday - nearly all burnt out, great to see! The rest will close soon. They are beginning to realise it could be very expensive to hold out......??
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
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.
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.
PQE: Frankfurt - up 73%. Interesting start.
https://www.boerse-frankfurt.de/equity/petroteq-energy-inc