Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
HF14
My understanding from watching the presentations on facebook over the last year is that permits were given previously for 4 pilot drills, ( 1by AO for Tomco and 3 by HSO for Valkor). I believe that this was to confirm the oil sands and oil recovery.
At the last meeting Valkor asked for an additional well to be drilled in the vicinity of one of their existing permits and for unitisation of all the existing drill sites.
AIUI the current position is that unitisation will not be considered until the drilling of the pilots has been completed. I am not sure that the 5th pilot was agreed.
My uneducated thought is that if the pilots are drilled and the Huff and Puff method used to heat the oil sands for pumping the elapsed time could be in the order of 6 weeks. With the pilots proved Valkor can return to ask for the further permits to commence further drilling for unitisation.
AKHM,
Investors Chronical had QFI (as it then was) on their list of shares with potential to be 10 Baggers. At the time the price was 32p.
So it wasn't just ramping on BB's. At the time the shares had risen from 45p and then fallen back to 32p. I remember topping up at the time and kept a copy of the article for a while.
Your quite right .However if he is clueless and with a relatively low number of shares, I think it unlikely that he has sold.
He has also asked a question that had been covered previously so ( perhaps incorrectly) it seems to me he is another reincarnation of a regular poster.
Then again I my be wrong.
Not true.
Look under correct thread following name change.
QED finished up at 2.1p today 23/06
I think it would be better to log into the "Investormeet" company web site and listen to the presentation at time-10.18.
There is mention of drilling being complete but doesn't state whose drilling. Talk is of Greenfield and Valkor both drilling, so it is possible that it is Valkor rather than Greenfield.
Suggest that we each listen and make up our own mind rather than a 3rd hand post.
There seems to me that there is a long way to go before Tomco need to decide who will build their new plant.
Provided the samples being tested give a positive result, is the MMU in storage for the POSP trial going to be installed? The current agreement is that it will be tested on a plant "owned or operated" by Greenfield. If Greenfield are no longer involved with the POSP, who is now going to take this forward or will it be deferred until Greenfields new plant?
I think we need to know more about the future relationships between Tomco, Petroteq and Valkor before discuss tenders or commercial contracts.
IMO when all else is resolved I'm not sure who else, other than Valkor, knows how the POSP works and the tuning of the plant to meet the increased usage planned.
QFI are testing the samples for Tomco, so I would expect the results to first go to them and they would announce via an RNS.
I will be surprised if we hear anything earlier. The timing of the announcement is up to Tomco.
@elir711
Agreed. Mike Kirk has said that revenue will be on a per barrel basis and it appears on the Investor meets Company video update at the end of last year.
I thought this was Harry Kane predicting his move to City. Which is a much better prediction but with the wrong date.
I think that if you look at the transcript of the interview you will see it dated 2nd July. So nothing that was not in the online update.
Totally agree. I said at the end of my last post I was only interested in Tomco and Greenfield.
The system falls down because if you reply to a post it is likely that the post you are commenting on and linked to has a title unconnected to the subject.
If people added a new title instead of just putting up thoughts on a new subject as a reply to the last post on the BB it may become clearer.
Then again, maybe some people don't know Tomco, Valkor, Greenfield and Petroteq are different companies.