Member Info for parmxz

@Rewhbe - Sorry, it was typo. They have not filed form NT 10-Q within the specified period.

They filed form NT 10-Q . I was trying to add for another £12K in the HL @.115. Fill and kill didn't work. Just before that I tried for £5K and there were shares at @ .115. Later when I tried for 5K at the same rate, I couldn't find. I missed it. I will add tomorrow if to goes back to .115 or below.

Its going down. Anyone knows?

Another angle here - Valkor has 13% in PetroTeq and Valkor has their business outside the US - Nigeria, Rwanda, Ukraine, Turkey, Ecuador and etc.

@Torreaguas, I think they mentioned in their earlier RNS about continuing POSP after expiry to demonstrate to the potential funders.

Petroteqappears tobe entering theemerging growth phase of its corporate history with an increasing revenue stream expected to be generated from theprocessing facility at Asphalt Ridge. Due the character of the company’s enterprise, namely a small-capitalization company with a fast-growing revenue profile, we expect Petroteqto attain at least an average industry P/S ratio of the comparable oil recovery companies listed above by 2022 when the company is expected to achieve continuous production at a rate of 5,000 bpd. Utilizing projected annual revenuerun-rate of $92million by the end of2022 with the expectation that Petroteq’s stock will trade at a second quartile P/S ratio of 5.3at that time, the share price target would be $1.18. To translate that value to a current target price, we employ a net present value (NPV) calculation that utilizes a 12.5% discount rateHowever,the company has a significant number of warrants and options outstanding that would be exercised,resulting in almost 200,000,000 shares being issued if the stock appreciated above $0.50. Accounting for the share dilution from the warrants and options and thenet present value (NPV) calculation, our comparable analysis valuation targetof Petroteq for 2021is $0.71.

Does anyone know how they this offer work? For eg, if I have one million shares, how do I contact them and sell at the offer rate?

On April 16, 2021,Uppgard Konsult AB, a Swedish company,made an offer to purchase up to 200 million shares of Petroteq at €0.48 per share.The minimum purchase isfor 1 million shares.On June 29, 2021, the offer price was increased €0.50per share, and the offering period was extended from June 30, 2021 to September 1, 2021

Proactiveinvestors research article is very extensive and covered most of the details. The same aricle is tweeted by Tomco. From the previous articles Ed Stacey is the guy who has been covering Tomco and he has very good knwoledge about Greenfield.
After options announcement, someone mentioned that there will Tomco marketing/PR efforts before takeover coming. The article looks like the part of it. We may expect an interview on Proactiveinvestors by Tomco people.

Yes, solvent was recoverable as per earlier reports. The new solvent delivery is probably to increase the capacity.

That makes sense. Tomco market size very small. Its easy target for takeover.

the oil produced last week at Asphalt Ridge (the "POSP") Petroteq's oil sands facility
was sold and collected by a buyer last Friday as expected. The buyer was only
able to load 200.52 barrels of crude, owing to trucking weight limitations.
The buyer paid West Texas Intermediate ("WTI") pricing of US$70.91 per barrel
for the 10.2° API heavy sweet crude oil produced by the POSP. Transport costs
of US$13.00 per barrel to the refinery in Nevada reduced the net realized
price to US$57.91 per barrel.

A sample of produced oil is also being prepared for shipment to Quadrise Fuels
International Plc in the United Kingdom, for the purpose of assessing the
suitability of the heavy sweet oil produced by the POSP for their MSAR(Ò)
technology. It is expected that this sample will leave the US before the end
of June 2021, with testing taking place following arrival in the UK.

As previously announced, Petroteq and Greenfield are continuing to work with a
local drilling fluids company to identify customers for the clean sand that
results from the POSP for use as a potential frac sand. The fluids company
has, to date, taken an initial 40 tons and it is expected that they will take
the additional 700 tonnes of processed sand currently available, together with
further sand as it is produced, over the coming weeks. The proceeds from the
sale of sand are expected to be approximately US$15-20 per ton.

George Stapleton, Petroteq COO, commented: "The fact that we were able to
receive WTI pricing for the oil produced by the POSP demonstrates that the
heavy, sweet (low sulfur) oil produced from Utah's tar sands will likely
command a premium price relative to other heavy oils. There also appears to be
a market for our produced sand, which is a bonus."

Diluation for buying an asset is not a bad thing. It adds value.

I don't think the technology will be shelved. Greenfield has the license and the engineering capability to use the tech.

Greenfield has entered into a non-exclusive multi-site license with Petroteq. The Petroteq License has been granted in consideration for the advance funding that Greenfield has provided in respect of the upgrades to the POSP.

What exactly is multi-site license ? How many sites can they use the license for? Is there some limit on it? Or can Greenfield use the license how many sites they wanted as long as 5% royalty is paid?

I understand they dont have to pay any license fee other than just the royalty fee.

Raising a US$ 180m capital may not be big deal once the FEED study and the third party verification work is completed, which is only a few days away from now. Anyone, deramping thinking that US$ 180m is difficult to raise, has no idea about the GreenField project. This is the key statement from the recent RNS -

"In addition, Valkor, on behalf of Greenfield, is currently in discussions with the landlord of the POSP site to seek an extension to Greenfield's lease for a further six months from 1 July 2021. Should an agreement be reached, Greenfield would then intend to continue operating the POSP for as long as necessary in order to provide an appropriate demonstration site for potential funders of the planned future commercial scale plants."

Just around the time of JV with Valkor and after the start of pandemic , TOM put the next test of the Turboshale RF technology on hold. Any idea when they will restart the work on it?

https://www.lse.co.uk/rns/TOM/valkor-jv-and-turboshale-update-9g2c577hh50vgcq.html

POSP has turned the sentiment and the SP is rising slowly. In the earlier RNS, they mentioned that they continue the lab based testing of the Turboshale RF technology. Results regarding this or any news about the commencement of field testing will keep the price momentum on the top expected price rise from POSP. Successufl field test of Turboshale RF technology drive the SP crazy.

Petroteq RNS says, third-party verification is nearing completion. But TOM RNS says they are expecting in the first week of July.

The third-party verification exercise on the Clean Oil Recovery Technology ("CORT") process is nearing completion, with all planned on-site activities having been undertaken. It is anticipated that the FEED (Front End Engineering Design) study for a 5,000 barrel per day production train and the third-party verification work will be completed by July 2021.

https://investortelegraph.com/top-5-clean-energy-companies-for-2021/1929

Top 5 Clean Energy Companies for 2021

As the industry is more focused on producing and implementing clean energy for the future, there are more investors and companies are coming up to join hands. Recently president Biden has shown his interest in the clean-energy initiatives, which is fueling the largest companies to grow more. Hence the industry-leading presences are making their paths to rule 2021 with their initiatives. Here are the top 5 clean energy companies which will rule in 2021.

Petrotech PQEFF:

When it comes to mentioning the names of the top leading clean energy companies in 2021, Petrotech comes to be the first one.

Along with its subsidiaries, Petroteq is involved in the oil sands mining and oil extraction operation in the USA.

This leading clean energy mining platform extracts the oil out of the tar sands. The company is currently holding all the rights to mine and produce the oil and hydrocarbon, and mineral from the oil sands.

The company is recently reserving its right under five leases which cover at least 5960 acres which are situated in Wayne, Uintah, and Garfield Counties.

The company is currently developing a supply chain management platform with the blockchain power up for the gas and oil industry.

Brookfield Renewable Partners BEP:

Brookfield is currently one of the largest clean energy platforms in the world, which is publicly traded. The company has a capacity of 23000 MW in the pipeline. The company is also receiving newer interest from plenty of investors as Biden wants to fulfill his goal of creating 30 gigawatts of wind capacity in the US. The company has its goal to deliver long terms of annual returns up to 12%-15%.

Brookfield is currently administering its service offerings and facilities in Europe, Asia, South America, and North America.

This company also has its global leadership in hydroelectric power. Brookfield managed to make its revenue up to $1.02 billion.

At the same time, the company is agreeing to invest in $1.6 billion of equity for a large range of transactions. The company has announced that it has closed its investment in offshore wind, which is quite exciting for the investors.

NextEra Energy NEE:

NextEra Energy NEE is one of the leading renewable energy companies in 2021. NextEra is headquartered in Florida. The company is currently owning the largest rate-regulated US electric utility, i.e., Florida Power & Light Company.

This company is also the owner of NextEra Energy Resources, which is a competitive subsidiary for energy. Also, it is the largest producer of wind and solar energy in today’s world.

The company is recently claiming to be the largest solar and wind power generator in the world. Also, their Florida utility is evident in every aspect. The Florida utility is walking towards the way to become a major growth engine in the coming years.

NextEra Energy NEE

Agree, where are these Salinger guys till last couple days? TOM has got excellent news and they have landed here deramping. Remember PQE director has bought recently for a million.