Member Info for parmxz

From the RNS, we get the money $30k per day and 10000/day only after buying 100%. Am I reading something wrong? Since, we already own 10%, do we get the 10% of that $30K and 10000/day?

@WongaFC, The latest update is Viston has extended the date till Feb 28th.

I think Valkor has 13%.

My gut feeling says Viston is buying PetroTeq to use the technology to cleanup the pollution created by the oil sand mining in Canada.

Viston United Swiss AG (“ Viston ”) and its indirect, wholly-owned subsidiary, 2869889 Ontario Inc. (the “ Offeror ”) is what buying PetroTeq shares. Ontario Inc is Remediation and Other Waste Management Services Industry.
https://www.dnb.com/business-directory/company-profiles.2355294_ontario_inc.63fb3bf9b5a51f5ad966ffe144ae4fe6.html

An investigation by the Alberta Energy Regulator estimates the total cleanup costs of oil sands mining operations facilities is around $130 billion.

Its huge market. I remember reading earlier that the most of cleanup funding will be provided by the Govt.

I have tendered 800K shares.

I have just submitted again and I see the same message you posted (in the screenshot). I guess there is no option to split and it accepts all shares. When I went to Corporate Actions and look at the history, I see the value as 0.00. Corresponding screenshot- https://i.ibb.co/tcns2S4/image.png

I guess thats how it is till the tender is completed and the cash is deposited. I have sent an email to double confirm, will update here once I get the respone on Monday.

@Fed, Are you talking about this message? This is what I got -

-"Thank you for providing an instruction for Petroteq Energy Inc NPV on our website.

You can review your instructions at any time; simply log in, choose the relevant account, click on the 'Transaction history' tab and select 'Corporate actions'."-

No where it says how many shares were accepted fo tender on the site -whether all or none. And if someone wanted to tender partially there is no option as well. I am intending tender all. But the tender option talking about some or all, and not giving option to select the number is confusing.

In your case, how do you know you have submitted all shares? Because the second option says this - "Ask to sell some or all of your Shares at CAD0.74 per share. After our deadline your Shares would be submitted in acceptance of the Offer..."
and " - Accept the takeover offer of CAD0.74 per share", then submit button.

The reason for me asking is that someone posted in stocktwits this - "$PQEFF people make sure ALL your shares are tendered. The idiot who tendered my shares only tendered .09%"

Anyone tendered PetroTeq shares in HL? The Corporate Action only has two option either do nothing or tender. In the tender offer it says "Ask to sell some or all of your Shares..".
Where will we ask to sell some or all? There is only an option (radio button) to select and submit. I have done that. Does it mean it has accepted all the shares or none? In the Corporate Action, the value is coming as zero.

https://i.ibb.co/tcns2S4/image.png

I may be wrong, it was guess.

PetroTeq CORT tech can definitely play huge role in the cleanup drive in Canada
https://globalnews.ca/news/4617664/cleaning-up-albertas-oilpatch-could-cost-260-billion-regulatory-documents-warn/

After reading SkyQuarry, I feel Viston is buying PetroTeq to use the technology to cleanup the pollution created by the oil sand mining in Canada..

Viston United Swiss AG (“ Viston ”) and its indirect, wholly-owned subsidiary, 2869889 Ontario Inc. (the “ Offeror ”) is what buying PetroTeq shares. Ontario Inc is Remediation and Other Waste Management Services Industry.
https://www.dnb.com/business-directory/company-profiles.2355294_ontario_inc.63fb3bf9b5a51f5ad966ffe144ae4fe6.html

An investigation by the Alberta Energy Regulator estimates the total cleanup costs of oil sands mining operations facilities is around $130 billion.

Its huge market. I remember reading earlier that the most of cleanup funding will be provided by the Govt.

Hi Quantum, thanks for sharing about the Sky Quarry.

The valuation is - $37.5 million. From the comment section, I see these projections. The projected income seems fine. Don't you think there are better ones in the market? I am no expert, just asking to know more information.

Year – Gross Revenues / Net Income
2022 – 10.0 M / 3.1 M
2023 – 47.3 M / 15.3 M
2024 – 56.8 M / 18.2 M
2025 – 73.6 M / 23.2 M
2026 – 85.8 M / 27.1 M

I am here from past 3-2 years. Its frustating and I understand the pain of other LTHs. In the past, Tom's TuboShale/RF tech was not developed enough to use it for commercialization. But this time I feel Tom is, definitely, in better position with PetroTeq's license. Once PetroTeq is bought, there is huge chance for Tom to be bought or to obtain funding to start 5K plant.

I don't remember seeing any where about the drilling on 1st December. This is what I read from the RNS -

"We expect the permitting process for the production wells to be completed in Q1 2022, following the drilling of three exploration wells intended to occur in December 2021."

I meant it has the option to tender your shares now.

Anyone noticed? HL shows the Viston takeover offer now.

@minimil whats that other potential sleeping gaint you are talking about?

Yes, I think. It will help. But the real moment will be when the PetroTeq is bought , it gives immense confidence in technology which is multi-licensed to Greenfield. Tom's market cap is very low compared to the potential revenue from the future plants. Either Tom will be bought by a big company or it will have funding in place.

What the hell is this?

"We sold our first commercial license to Greenfield Energy LLC for $2,000,000 plus a 5% continuing royalty;"

Petroteq posted the same thing yesterday in Twitter and deleted the post immediatly.

Previous RNSs say that Greenfield has multi-site license in the States (with 5% royalty payment to the PetroTeq).

Can someone explain it please?

I don't want to sound negative. I invested heavily in Tom. What do you mean by cash to drill 5 wells? What we are expecting is 5K bopd plant and mining on the menitoned land, not drilling wells.

Its oil sands. What do they mean by 5 wells?