Member Info for Salinger

You can’t prove you’re a holder any more than I can “prove” you’re not. What we can see is posting history and yours speaks for itself. I can make my own judgement based on that information.

Frankly, you've been apparently miserable for so long it asks the question why are you a holder. Long term holders all get frustrated but don’t rubbish and ridicule as consistently as you do.
I am quite happy with my assertion, you’re not a long term holder, most likely a trader trying to benefit from the SP swings QFI very kindly offer.

Did someone stand on a dog turd and bring it into the room? Funny smell in here.

Barking, you’re no shareholder, we know that. Instant expert, you’re a clown with no idea what you’re talking about.

LONO will take 6 months max on the Atlantic route as advised burning msar 24/7. MSC are not Maersk and the world has changed since 2014.

“ The output is not bitumen, it is close to but not bitumen.”

Maybe you should tell Mr Stapleton it’s not bitumen, he seems confused.

“PQE has already stated that production costs are less than $30 a barrel all in.”

You’re confusing production costs with transportation costs. The $30 covers the cost of processing the bitumen sands but not the solvent used to transport.

These are basic points of fact not opinion. Maybe send GS an email for confirmation. ??

Smoke and mirrors Toby. What the RNS doesn’t tell you is the “oil” pumped into the tanker was diluted with solvent to get it up to WTI standard.

The cost of this to PQE is probably around $15 per barrel, so the msar proposition in Utah is unchanged and why the samples are being sent to the UK.

The product is bitumen, it cannot be pumped and stored like normal oil. To get rid of it they dilute the bitumen with solvents used in the process, historically that amounts to around $15 per barrel.
$57 minus $15 means PQE (or whoever operates the POSP) receive nett income of $42 per barrel.

This is your reality and why they’re sending samples to QFI. MSAR production does away with solvents and instead of selling your oil to the refinery you sell what is now fuel to power and industrial users and perhaps shipping companies for bunkers.
Low sulphur fuel oil sells for around $75 per barrel, so you can why QFI fit in with their longer term plans.

No worries Rob, I know you’re a genuine poster and meant nothing by it. My comment was more a reaction to the general attitude that exists on some chat boards (not ours usually)where anything short of 100% positivity combined with closing your mind to alternatives, is the norm.

You only have to read the Tomco board to find exactly what I mean. Mis-using data to create ridiculous profit/income levels to ramp the SP. I can’t abide that BS.
Pointing out the facts makes one the enemy, which is fine as I maintain truth hurt nobody in the long run.

I obviously hope you are correct, for me the whole project becomes real when we have a trial customer, and being America market forces should decide if it succeeds.

Greenfield would be the fuel producers, we get a royalty per tonne.

No, we licence our tech to Greenfield and we provide technical support for quality control, but Greenfield have responsibility to find end users. Yes, QFI have been in discussions with them about target markets, but ultimately were still in the same boat of having the potential to produce fuel but no recognised buyers as, at present, an msar market does not exist. It’s been the chicken and egg puzzle we’ve had from the outset, refiners see the plus but who’s going to buy? It’s a tough puzzle to solve and yes, I do think having low sulphur msar is an extra carrot for potential users.
My hope is that they have an idea where to put it, why bother trialing if they don't? I live in hope but it’s never been clear to me where the end market is, specifics not generalised comment.

Greenfield have zero experience as fuel producers, much less than QFI so I’m not too confident they have what it takes tbh. It’s the one area of the Utah project that’s never been fleshed out. Jason said once that there’d be “no problem finding a market for Utah product”. Great, like where? An example perhaps? Given our history that sort of comment begins to sound like wishful thinking.

Getting a customer is not contingent on whether the fuel works or not, we’ve known it works for years but still have no customers.
I question why stating a fact makes anyone negative. It’s the single most important fact about QFI, we have no customers, yet, which is why I’m still here.

I think when they identify and make public future customers for Utah msar, then we are talking major developments. At the moment we are still a company with a fuel looking for end users.

It’s a 100% certain that QFI can make MSAR from Utah bitumen. The only issue has been getting an oil sample that is clean enough, ie sufficiently free from clay sediments and process chemicals. It seems from what QFI have said, these samples should meet that spec.

The trial should be straight forward as a proof of concept. I should imagine the 100 tonnes produced will be burned at the POSP as part of the test as this is likely an integral part of future planning.

I think you’ll find Petroteq own the POSP and the technology so any regular income for Tomco will, at best, be a small share of the total. This is a pilot plant, utilised as a proving ground for the technology and to aid design of the new 5k plant Greenfield have in mind. So forget this plant as regular significant income for TomCo, that comes a long way down the line in 2024 when the new plant hopefully starts production.

Sounds like samples are on their way. We should hear about PoC plans late June/early July at latest given they need a few weeks to test the oil.

Do people not know what a rollover is? Well, this is one, and they’re really not hard to spot.

600 barrels is the proof of concept test. The samples we await will be tiny by comparison, perhaps 100 litres or so.

Definition of a deramper? Not a ramper, simples.

No such thing as cheap Hydrogen. It may be an abundant element in the universe hit it takes energy to release it from other molecules like water.
Before the industry uses such fuels they will need transition fuels for decades. Enter msar and BioMSAR and any similar fuel that can catch the eye of shippers.

“I think you could go away for 5 weeks instead of 5 days and not miss anything.”

Yet you’re still here Victor.