Member Info for orslega

looks like petroteq is on the up aswell....1.81 poised

paying full 0.55p now - MMs need to let it go : )

news logged maybe?

"We continue to focus on becoming the first environmentally friendly oil sands mining facility," stated Jerry Bailey.

Tick tock someone has to be first. When production news lands it will have major US/Worldwide cover.

https://www.oilfieldtechnology.com/drilling-and-production/13082018/petroteq-completes-continuity-testing-of-new-plant/

I see your 1m buy now showing.

Nice top up ;)

one important stat to include (Eddie was clearly not expecting the legal and permitting issues - based one last update positive news expected on both fronts - any time now).

* 74% discount to the last Director purchase

Mayan (AIM: MYN), the AIM listed oil and gas company, announces that yesterday Eddie Gonzalez, CEO, purchased 2,200,000 ordinary shares in the Company ("Shares") at 0.87p per Share. Further to this purchase, Mr Gonzalez holds 26,366,666 Shares, representing 2.3% of the Company's issued share capital.

Are Natural Gas Prices About To Break Out?

(that would be very good news - some interesting stats here).

https://oilprice.com/Energy/Gas-Prices/Are-Natural-Gas-Prices-About-To-Break-Out.html

Mayan Energy – Simple SOTP illustrates current opportunity - Align Research

http://www.alignresearch.co.uk/mayan-energy/mayan-energy-simple-sotp-illustrates-current-opportunity/

Well whatever he decides with the value (there are so many options) he has 7 weeks to see how Petroteq perform - that's when the 4 month lock in expires.

23/5/2018 RNS (Mayan have 17.3% i.e. 1m PQE shares and warrants)

"The first tranche funding of US$3.6m has been closed by Deloro in return for the issue of 6 million shares in Petroteq where a 4 month lockup applies, and 6 million warrants over Petroteq stock, exercisable at US$0.91 for 3 years"

well my tuppence worth - if you take Align current targets 2-4 bags each - for starters - have both in my portfolio.

This is link interesting...investor summary sheet for Petroteq.

Wasn't aware that they have lodged Patent protection for their processes in 30 countries - can now understand the comment that they expect to make most of their earnings from licensing. What more revenue than 1,000 -5,000 bopd!?

http://www.financialbuzz.com/the-buzz-surrounding-petroteq-energy-inc-otc-pqeff-tsx-v-pqe-1149639

Yes he’s a seasoned oil man - operating at the top for most of his life - he explains his reputation goes before him and will only associate himself successful outfits. He did his due diligence as he explains. Check the new CEO out - he’s also got an impressive CV. He wouldn’t of joined Petroteq if there was any chance of them not being successful. https://petroteq.energy/about/management-team Ps still raining : ( lol

As it's still raining, here's one interview I haven't seen before: find time to sit it out - it's very informative

Big money for licensing technology

https://www.youtube.com/watch?v=qLNYfYzvqek

correction

So current share price = Can$1.80 v target Can$5.71

cont/...(number of shares have increased but company has received cash/creditor write off in return)

Sum-of-the-parts valuation

Our sum-of-the-parts (SOTP) analysis thus derives a valuation of US$413.52 million. On a per share basis, this equates to US$5.63 (CAD $7.21) for the current number of shares in issue (56,44,257) and US$4.46 (CAD $5.71) on a fully diluted basis (62,660,383) which has been selected as our current target price.

We believe that this valuation is conservative for a number of reasons that have been mentioned in this section. In addition, we have not included any valuation for Petroteq’s substantial holding in Accord GR Energy where production commenced in 2017 at the heavy oil Wardlaw field. The number of shares on a fully diluted basis has also been determined in a conservative manner by taking into account the shares and warrants that may arise from the conversion of the US$508,000 convertible secured loan note, which is due to expire on 31st October 2018: and also, the US$1,650,897 unsecured convertible debenture.

______________________________

So current share price = Can$1.80 v target Can$7.21

Yes - market cap of both companies should start to move up very soon and substantially imo

Helpful already noted the disconnect in terms of Mayan O&G assets and mc.

Petroteq today is valued at Can $137M, equivalent to US $105M (For a Nasdaq listing a company needs market cap of US $100M - so they have just past that).

https://www.bloomberg.com/quote/PQE:CN

Take a look at the Align Report - see net paybacks section

http://www.alignresearch.co.uk/wp-content/uploads/2018/05/Petroteq_Align_Research_April_2018.pdf

"It has to be pointed out that there was 90% confidence that the processing cost lay in the US$ 22.84 - 38.87 per STB range." In fact just this week they announced expected further efficiencies.

Conclusion

Petroteq is currently sitting on the cusp of a major transformation. Phase 3 of the planned development at Asphalt Ridge with its 5,000bopd could see annual revenue in excess of US$80 million in the year ending 31st August 2019, coupled with an impressive level of profitability. In addition, licensing the technology could generate a long-term stream of additional earnings in unlocking the value in heavy oil and oil remediation projects around the world. The increasing production, revenues and earnings are a big value driver, so too are the 87 million barrels of recoverable reserves at Asphalt Ridge.

As an entrepreneurial oil & gas technology company, it is impressive that Petroteq has seized the initiative and are working on PetroBloq, as in the future it does seem that blockchain technologies will be at work in a wide-range of business settings and across a diverse range of sectors. It is becoming more and more obvious that blockchain has the potential to really disrupt business models. Through PetroBloq, the company is taking the oil & gas supply chain and transforming the way in which data and assets are recorded to exist within the code on a blockchain, with all the benefits and costs savings this could bring. Moving ahead there is expected to be a series of blockchain announcements which could see other oil and gas industry members joining to strengthen the network.

The board is seeking to improve the profile of the company going forward and is planning to list the shares on the New York Stock Exchange (NYSE). To list on the NYSE, a company must have a market capitalisation of US$100 million and have earned more than US$10 million over the last three years. The way the company is shaping up with a rapid production growth trajectory planned at Asphalt Ridge, these hurdles might be passed sooner than later. Such a move could serve to dramatically improve perception and valuation metrics.

PQE - interesting comment in that article: "Although it will generate cash flow from the endeavor, Petroteq expects to get the bulk of its future revenues from licensing its innovative oil sands technology."

Can see a major snapping PQE up before getting too valuable. If would have to be at many multiples.

Going to get interesting when they announce (this coming week?) what the continuous daily production is running at.

https://www.networknewswire.com/petroteq-energy-inc-tsx-v-pqe-otc-pqeff-a-tech-company-focused-on-extracting-bitumen-from-oil-sands-plans-to-uplist/

So just £4M attributable to a fully funded production programme targeting 500 bopd in next 5 months.

Crazy or what.

All change soon.

Looks like the shorters are finally cutting their losses

Time to Reconsider PETROTEQ ENERGY INC ORDINARY SHARES (OTCMKTS:PQEFF) After Less Short Sellers?
August 10, 2018 - By Robert Shackelford

The stock of PETROTEQ ENERGY INC ORDINARY SHARES (OTCMKTS:PQEFF) registered a decrease of 24.04% in short interest. PQEFF’s total short interest was 33,500 shares in August as published by FINRA. Its down 24.04% from 44,100 shares, reported previously. With 186,500 shares average volume, it will take short sellers 0 days to cover their PQEFF’s short positions. The short interest to PETROTEQ ENERGY INC ORDINARY SHARES’s float is 0.06%.

Today's value of Mayan's fully paid 1M Petroteq shares is worth £1,074.000.

The 1M warrants are now " in the money" to the tune of £360,000.

Serious returns heading our way.