Member Info for parmxz

CEO of Petroteq Energy, Inc. Dr R. Gerald Bailey updates shareholders on corporate developments.
https://www.youtube.com/watch?v=JEXgWoWG7vg

Thanks @Craggs. I was not aware of that.

TOM owns 100% Greenfield, why would Greenfield return? It doesn't make sense. TOM spent, it didn't loan. What I remember from one the RNS' is the proceedings from the POSP will come to Greenfield and the POSP will continue to run to show the potential funders about the tec potentiality.

@Paul, if you are looking for future estimates -

https://www.proactiveinvestors.co.uk/companies/news/956823/tomco-energy---raising-our-dcf-valuation-956823.html/long

NPV @12% rate - $US433 mln. That's using only one 5000 bpd plant. If everything goes as planned the upside is huge. 5p is very much possible to reach upon successful completion of 5000 bpd. Successful run of the plant for initial first 3 months will double or triple the share price.

Correction - POSP* plant.

Looks like @ART is con artist. He keep repeating the same lies again and again even after posting an official information about post plant achieving 500 BOPD. @ART you need to stop posting the BS.

@Elir TomCo's leases are oil shale leases. Oil sand leases are different. When TomCo achieves success with their TurboShale, they can use them.

@Paul, There is high possiblity of an RNS when the market opens up. Its based on this from earlier RNS.

"Greenfield can exercise its right to acquire an initial 10% of the Membership Interests for cash consideration of US$2 million (against which the deposit shall be credited) on or before 1 September 2021."

@Paul, if TomCo were to be bought, what would be the right price considering the current state of TomCo.

Valkor has 13% of Petroteq.

@art, looks like you are an hired deramper serving the outright lies here -
"Production never actually reached the target 250 bopd ". Do you even follow the news before commenting. They reached 500 bopd/day, not just 250 bopd. Stop spreading lies.

https://twitter.com/PetroteqEnergy/status/1427319858581102592

After 11 years, we proudly produce 500 barrels of extraction per day.

We anticipate growing this number to 5,000 barrels per day by 2022, and 10,000 barrels per day by 2023. The possibilities are endless with Petroteq.

@AJ, I think thats fab news. There were some posters earlier complaining about POSP not reaching 500 bopd which was initial target as per the plan.

@soulac, that was video from 3 years back. Petroteq created a Youtube channel recently and they started uploading the old videos. Btw, I have heavly invested in PQE.

https://www.stocktitan.net/news/PQEFF/cease-trade-order-issued-by-the-ontario-securities-twyj115y1pps.html

Some members in stocktwits are commenting about the halt. I am not sure the actual info.

Looks like PQE in Canada is halted. And 19.20% rise in the US after hours. something is brewing.

@minmil, if you have some concenrns, you need to sell off your part and move on to some other shares. We all are aware the issues. In fact Volkor is in much better position than Tom before the JV happened. Volkor has exclusive rights to use Petroteq and they shared that with Tom (Greenfield). You keep attacking members here personally and keep calling them keyboard warrior. Thats very hypocritical.

@minimil , I don't think who brings what. Its Greenfield as one entity with both Tomco and Valkor haivng 50-50. Valkor has 13% in Petroteq. About your earlier post a few days back regarding US$110 million estimation, I don't think you considered land. The previous RNS has this -

FEED study updated and finalised to reflect, inter alia, Greenfield's potential acquisition of up to 100% of the ownership and membership rights and interests in Tar Sands Holdings II LLC ("TSH II") for the potential future mining of oil sands and construction, subject to funding, of an initial commercial scale processing plant, as outlined in the Company's announcement of 9 June 2021.

Placing is practically very difficult.

How do you say Capex doubled? They initially talked about 180 million for 10K plant (5+5). Looks like the RNS is considering land acquisition too.

FEED study updated and finalised to reflect, inter alia, Greenfield's potential acquisition of up to 100% of the ownership and membership rights and interests in Tar Sands Holdings II LLC ("TSH II") for the potential future mining of oil sands and construction, subject to funding, of an initial commercial scale processing plant, as outlined in the Company's announcement of 9 June 2021.