Member Info for Rewhbe

@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.

@JoeYangtze

I have no problem with your post but it may help others, who don't follow on Advfn, if you repost the Damac derails on here. Then it would be clear what you are referring to.

Many thanks

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.

Care needs to be taken when looking at the Twitter feed maintained by Petroteq shareholders rather than Petroteq themselves.
I have been looking at the stated reserves in the official figures and I think things may be a little different. In the Tri state area of Colorado, Wyoming and Utah there are 3 oil bearing basins. In total about 4.2 Billion barrels of oilsands, not all of this is retrievable and I think some suitable for surface collection and some mined. The Uinita basin has about 1.4 Billion barrels and Petroteq stated in 2018 they had 87 Million of recoverable oil in their leases and I think they have increased their land since then.
Tomco have a number of leases in the area in their own name. I think it maybe 7, I don't know how suitable these will be for CORT. There is also Greenfields acres and separately the Valkor acres purchased in April.
I could not find any mention of a 300% increase in reserves, although there are several mentions of improvement in oil recovered.
I am really only interested in Tomco's and Greenfields performance and future. The FEED study should give us accurate figures shortly.

Sorry, Should have said QFI have a JV with MSC ( not Shell) to try BioMSAR in their ships

@Orslega
Connection to Shell interesting. Shell are working with MSC on Biofuels in shipping. QFI have a JV with Shell to try BioMSAR in their ships. Greenfield are to trial the production of MSAR, if the samples sent to QFI are OK. At the last QFI update the Chairman mentioned there were other things happening in Utah but was not able to comment further. All that's needed is a local supply of Glycerin to replace the water content in MSAR and you have Low Sulphur BioMSAR.
Good food for speculation

@colins

I first became aware of QFI as a result of a buy recommendation in "The Investors Chronicle" a number of years ago. The price then was about 9p. It went up to the 40s before falling. At 32p it appeared in a list of companies that could be 10 "baggers" in the same publication. I have a figure of £3.20 as my sell price.
Approximate figures, but while I have held I have seen fluctuations from 9p to 45 to 3 to 6 to 3 to 14 to 1.5 to 6 to 4 to 6 to 2 to 6 and now back to 3.2p.
Thanks to the fluctuations my average price is very reasonable. A "10 bagger" is no problem but I will wait to see if the I.C. forecast happens.

Parmxz
Maybe a typo,
They were UNABLE to file form 10-Q .

Agree on great news coming in but I think your wrong on buys/sales. Look at prices not color, the 3M buy may be a sale and the reason the price is down on the day.

All the necessary links to the information are on the QFI Media Website. Better to get the definitive answer than opinions on here.

QS
Everyone has their own way of investing, understanding value and what moves the SP.
With the number of shares in circulation no moves I make in the market or say on a BB will have any effect on the SP.
I read all I can on the shares I invest in and often come to different conclusions those being stated on the BBs. Good sources for me, which I'm sure you may use as well are the LSE BBs for Tomco and QFI, the media sites ( including RNS's) for the same
Cos plus Petroteq. I also follow the QFI Forum plus others.
My view on a realistic SP is probably different to you. My belief in what may move it in the short term is different to yours based on what you say. I don't have a target holding. Not sure what you mean by quantifying, de-risking and volitility trading free shares. I may be doing it but don't know if it's the same as you.
Tomco has been very volitile this year the lowest I recall is.40 and the highest at least .89. By simply buying below .45 and selling at .6 I am up over 100% so far this year. I have a buy order in now and if the SP falls enough to trigger a buy, then I will put in a sell order. I expect at least three things to happen in the remainder of the year which will effect the SP, so I think there will be more volitility. We all make our own judgements, maybe my next call will be a disaster but that will be my fault.
In 18 months I agree the SP will be very different, It's how it gets there is what I spend my time trying to understand.

Maybe spotted all over not just the middle!

JY ,
As suggested I have reread the RNS but it seems to me to say negotiations are progressing not that they are complete. Is there a further update?

As well as the update on the agreement with Petroteq to operate the plant for the next 6 months. The DOGM cessation order was lifted until the 30th June and operation of the plant is subject to Petroteq submitting a complete Notice of Intent before 1 July, satisfactory to the DOGM.
Hopefully we should hear about both of these shortly.
Any thoughts on Valkor only discussing 6 months for continuing plant operation rather than 12. What happens at the end of this year?

No, just been there before this.

Nowhere has it been said that MSAR will be shipped from Scandinavia for the LONO trials. Sufficient has been produced there for the trial in Morocco.
The decision on where to produce for the LONO trial has not been announced.

Also, while we know the type of vessel, we don't know which vessel or the route. These will be advised by MSC and are necessary when deciding the refinery where the MMU will be installed.
We know it is the north Atlantic but it may be Hamburg New York for example, which may not make CEPSA a good choice. On the other hand if it is running out of the Mediterranean then CEPSA is ideal and will also be right for the Morocco trials.

180 bpd is the rate at which they have tested the plant not continuous running. There will have been inspections and checks on the plant each time the rate is increased.