Member Info for Positivevibes

https://www.proactiveinvestors.com/companies/news/219811/game-changing-us-deal-will-transform-canadian-overseas-petroleum-into-a-producer-219811.html

https://www.proactiveinvestors.co.uk/companies/news/936814/canadian-overseas-petroleum-seize-the-opportunity-to-snap-up-atomic-oil--gas-936814.html

Copper not stopping and now at 8075
Gold at 1955

TomCo Energy plc (AIM: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, is pleased to announce that Greenfield Energy LLC ("Greenfield"), the Company's recently formed 50/50 joint venture with Valkor LLC ("Valkor"), has entered into a commercial trial agreement (the "Agreement") with Quadrise Fuels International plc ("Quadrise").



TomCo, together with its JV partner Valkor, and Quadrise, believe that the use of Quadrise's MSAR® technology can add significant value to the development of heavy and paraffinic oil deposits in Utah. Pursuant to this, the parties have planned a phased implementation of the MSAR® technology that covers:

· a commercial trial of MSAR® technology at the Petroteq Oil Sands Plant ("POSP") located in the Asphalt Ridge Facility in Utah, USA, ("Phase 1") that is now being managed and operated by Greenfield; and

· the development of commercial MSAR® plants of up to 10,000 barrels oil per day ("Phase 2") located at Utah facilities owned or operated by Greenfield.



The Agreement covers Phase 1 and comprises the following activities that are planned to be completed during the remainder of 2020, subject to completion of preparatory works at the POSP facility by Greenfield:

· proof of concept formulation and test work at Quadrise's research facility using oil samples supplied by Greenfield;

· the loan of Quadrise MSAR® commercial production equipment and MSAR® test equipment and supply of MSAR® additives; and

· the supply of specialist services to assist Greenfield in completing the commercial scale demonstration trial to produce over 600 barrels (100 tonnes) of power grade MSAR®.



The parties intend to continue to cooperate in good faith to agree the commercial terms of a conditional MSAR® licence and commercial supply agreement for the production of MSAR® fuel under Phase 2. Such a conditional licence, which is now envisaged would be provided directly to Greenfield (rather than to Valkor and assignable to Greenfield as had been previously envisaged) will only be finalised upon, and following, inter alia, satisfactory results of Phase 1, the agreement between the parties as to Phase 2 commercial terms and the entry of binding agreements.

Ramp up in January
Feed study complete in February
Phase 2 in march
Completely different company by Q2

Copper at its 52wk high at 8066
8066 x 400,000 ( that we already know has expanded ) = 3.22bn for Hawaii currently

As we await 221mil funding from TK that we've never been more likely to receive

Potentially transformative days and weeks ahead for genuine KEFI holders

Great to see confidence from large buyers

What news is due;

More results results due from the mountains

Warrants exercised after closing above 16p 5 times over a ten day period

Update on drilling at red setter

I'm excited for Q1 and to see what we find next door to GGP

Quadrise Fuels International, the supplier of MSAR® emulsion technology and fuels, a low-cost, cleaner alternative to heavy fuel oil, notes the announcement by TomCo Energy plc today in relation to Greenfield Energy LLC and a delay in the start-up of Petroteq Energy Inc's existing oil sands plant in Utah ("POSP") such that the POSP restart is now expected to occur in January 2021. Quadrise looks forward to receiving samples from POSP following its restart. Once received, the POSP samples will enable the Company to complete the necessary lab and pilot testing at the Quadrise Research Facility.

Copper at 7957! Massive for kefi
Along with the gold uptrend

Well find out tomorrow or Thursday

Qfi up 25%

Has anyone ever seen a plant like this? It's not turn the key and go - give a day or two for the first smooth running shift complete before and RNS - not long

Note: The Project NPV's include production from the open pit and underground mines and are derived using an 8% discount rate. The NPVs are internally derived using independently created financial models of net cash flows after tax and debt service, based on the Definitive Feasibility Study (DFS) for open pit and Preliminary Economic Assessment (PEA) for underground mining.

The above table indicates an NPV equating to a KEFI share price of 11p at a 65% interest and a US$1,700/oz gold price, excluding any other KEFI assets, notably the deposits discovered Saudi Arabia, the Hawiah copper-gold-zinc-silver and Jibal Qutman gold deposits.

I don't like the denial of the RNSs - when covid is a obvious factor in our delays - nothing else

The constant muting of positive posts, by following them with multiple posts of b's

And that the only thing discussed is the past when it's irrelevant to now, KEFI has never been in a stronger position - it just has the most unattractive informative board of posters.

TK 221m funding news will rerate the SP - until then all the insistant posters will continue to not mention that Hawaii is currently worth 3bn+ and both results so far have come back expanding the resource futher.

Go on, say some negative nonsense. ATB

The Project finance structure now comprises KEFI's Government Partners (both the Federal Government of Ethiopia and the Regional Government of Oromia), leading African banks as Mandated Senior Project Lenders (Eastern and Southern African Trade and Development Bank and Africa Finance Corporation), African-experienced preferred principal contractors and strong African specialist investors into KEFI Group companies.

The recent additions to the consortium are two African specialist investors:



· the Ethiopian division of global industrial company ("Local Investor"), which is listed on the London Stock Exchange with a market capitalisation exceeding £1 billion; and



· One of the world's leading commodity trading companies ("Mining Financier").



Both organisations have extensive experience in Africa. The terms sheets are complementary to and consistent with the plans already approved by the board of TKGM and the Ethiopian regulatory authorities.

All parties will benifit too much to turn away from each other, for what reason would they? With gold back at $1950

Worst BB in the world

https://energycentral.com/c/ec/map-gigafactories-under-construction-europe-update-nov-2020

Never in KEFIs past has TK been this far developed - has the price of gold been this high - and the Ethiopian government and partners this far along. In a covid year, we've had delays but very shortly KEFI will receive 221mil while Hawaii gets proved up to worth 5bn+

Very excited days and weeks for KEFI holders

"The technical development of the Blyvoor Project, supporting the rapidly advancing funding process, has now reached the critical final stages where new and historical work is integrated and optimised. The preliminary resource update results have exceeded expectations with a c. 10% increase in the total resource, but most importantly, with a c.62% component of the total Blyvoor Project resource (all the TSF's) now in the Measured and Indicated category.

"A further extremely positive indicator is the expected future conversion of c. 90 - 94% of the total diluted resource for TSF 6 and 7 to a Potential Proven and Probable Reserve. Additional resource upgrade work for the remaining TSF's is not necessary at this stage and will be conducted once the Blyvoor Project goes into production as part of ongoing production planning.

"As we have always believed in the viability of this project, the preliminary results reported in this RNS support our initial assessment and will significantly progress ongoing funding initiatives."

Double digits on blyvoor funding and more on possible results from hanteti - a very exciting January and February for KAT holders

Highlights

· Blyvoor TSF 6 & 7

o 109 % increase in Measured Resource to 49 Mt @ 0.32 g/t (504,000 oz.)

o 216% increase in combined Measured and Indicated Resource to 84.3 Mt @ 0.32 g/t (876,000 oz.) representing approx. 62% of total restated resource

· Preliminary modelling by Minxcon (Pty) Ltd ("Minxcon") indicates that between 90 and 94% of the Blyvoor TSF 6 and 7 portion of the restated Mineral Resource may potentially be converted to a Probable Mining Reserve on the completion of the feasibility study work currently in progress

Gold at 1945
Copper at 7945

Fantastic for KEFI

As announced on 2 December 2020 the work to upgrade the capacity and improve the reliability of the POSP has been completed with all systems tested and operational resources delivered to the site. The full restart process, which was due to be completed this week, has suffered an interruption due to Covid-19 related restrictions placed on the mining permitting authority. As a result, the Mine Safety and Health Administration ("MSHA") operating plan won't be released before 21 December 2020, so Greenfield has now decided to delay the full restart of the POSP until 4 January 2021 to enable an efficient start up, avoiding the need for an almost immediate Christmas / New Year holiday period shut down.



It remains the intention that the POSP will be initially operated on a single day shift and, assuming no issues, it is planned that production will be ramped up later in January 2021. All other elements of the project remain as previously announced, including that oil samples produced by the POSP will be sent to the Quadrise test facility from the first days of production to enable them to undertake test work in the UK. Further sampling will also be undertaken to enable detailed testing of the oil and sands produced by the POSP. Additionally, and as previously announced, the third-party engineering analysis of the Oil Sands Technology is expected to commence in January 2021, alongside the continuation of the FEED study. The FEED is expected to be completed by the end of February 2021.

Restart due imminently - likely tomorrow or Thursday

The Report also details that the Plant could be constructed within a relatively short time frame, as there is no equipment required having a lead time longer than a year. As a result, the Report estimates that from the commencement of construction to the start of production would likely be just over a year, although this will be confirmed as a part of the FEED.



The Board of TomCo believes that the Report provides a high level of confidence that Petroteq Energy Inc's Oil Sands Plant ("POSP") can be scaled up to enable production of 10,000 bopd, subject, inter alia, to the successful completion of the proposed upgrade works to the POSP that are currently underway and the associated trials to demonstrate the POSP's commerciality, the identification and securing of a suitable site for the Plant and a licence being agreed with Quadrise for the use of the MSAR® technology at the Plant.



The Report will be used as the basis for the FEED for the Plant, with the Pre-FEED having defined, specified, and estimated all major equipment needed for the Plant. In the FEED Study, actual quotes will be received for all major equipment, with the balance of equipment being estimated, to determine the capital expenditure requirements for the Plant to within plus/minus 15%. It is currently estimated that the FEED Study will take approximately four months to complete from its commissioning and will further detail and optimise operating costs in order to derive a refined estimated total cost per produced barrel of oil.



Commenting, John Potter, CEO of TomCo, said: "We are delighted with the conclusions of the pre-FEED study, which indicates that the proposed commercial scale oil sands plant has favourable economics, both in terms of plant construction costs and cost per barrel of oil produced. This coupled with the potentially modest time frame to construct a plant capable of producing ready for sale products means that we are very excited for the future of Greenfield. We look forward to progressing matters with our partners and announcing further updates in due course."