Member Info for Sarir

Start of Production testing to commence around next Wednesday, so maybe they have already seen positive signs during the commissioning stage

Confident late Friday afternoon statement that from Petroteq

Totally agree elir71
Greenfield are controlling the commissioning and operation of the POSP at the moment and they would not be happy with any news being released by Petroteq prior to a official RNS.

Next week should be the start up of the plant when commissioning completed, that will most definitely happen, I would expect very little movement in the SP as it is expected, when we eventually get the results of the test further down the line, then the SP will move, depending on the outcome, it will be up or down, I’ve personally been involved in many large projects around the world and knowing the background of Valkor I would have thought there was a high possibility of success due to there experience and knowledge of the POSP, only in my opinion GLA

Colin
The Commissioning of modified plant started on 2/12/20 and startup estimated to be around 16/12/20

Four TR-1 RNS announcements today, is imo very positive and does show confidence GLA

Just after 7am in UTAH and they did say the 30 November, so maybe we will get some news today.

Nice to see the MSAR equipment is ready to be shipped to site, not sure if this has been manufactured for this trial, or it is off the shelf equipment, anyway if all goes to plan Q1/21 sounds good to me GLA

Same to you missilee
I’m for sure holding, it’s a no brainer at this price, bought some more yesterday, interesting times now, the JV with Valkor is what I like, good look mate.

As predicted by missilee on Wednesday, spot on

Looks like this is being held back

Approximately 3 times more buys than sells I would say.

Some rather large trades from earlier in the day appearing after hours.

Interesting read
https://www.edisongroup.com/wp-content/uploads/2020/11/Quadrise-Fuels-International-The-clean-solution-to-a-global-problem.pdf

You have a very strange investment strategy in Tomco gaf, your comments are very negative and for someone that would like a return on there investment, I find it most peculiar

Jyoti1
My advice to you would be to read the most recent Tomco RNS releases, there is also lots of good information on the various websites of Tomco, Valkor, Petroteq and Quadrise, plus several interesting reports from Proactive Invester.
You will then know what is going on and also see that the BOD bought in with shares a lot higher than the present price GL

While looking through the Valkor website last night, I came across this paragraph and it was interesting to see, during tests, that they have already produced up to 300bopd with no sulphur content, I believe this is just one of the reasons for Valkor to negotiate a deal with Tomco.

In 2018, Petroteq entered into a management services agreement with Valkor, to bring Valkor’s process engineering experience in to help the design process. The work began with a redesign of the back end to increase reliability and capacity, resulting in a 12 API, ultra-low BS&W, heavy oil product with almost no sulphur. Further work continued through to the end of 2019, to improve the middle section efficiency for sand and oil separation while reaching steady production at rates as high as 300 bopd.
In order to complete the necessary upgrade to the POSP needed to be able to demonstrate its commerciality, as well add the Quadrise MSAR process, and to be able to run the necessary tests, Valkor has taken over the management and operations of the POSP under the Work Order. Any IP developed as result of the upgrade and from the tests to be run will be the property of Greenfield.

Agree elir71
I would have thought there was an opportunity to send samples to QFI, prior to the upgrade of the POSP, hopefully they will be delivered soon after re start up on the 30 November, a successful MSAR outcome would be a major positive to this project

Placing to raise funds as we all know causes concerns for every investor and I completely understand these concerns and comments mentioned recently with regards to Tomco’s past history.
The reasons for the placing for me, is the most important factor, I have been invested in various Aim companies that have continually raised funds through Placing, just to survive and pay the BOD rather large salaries and bonuses.
I look at this recent Placing with the comments that the funds will be used to further the future plans of Greenfield energy, purchase the various licenses, complete the upgrade and to obtain the competence persons report to demonstrate the commerciality of the POSP process, leading to a suitable site and obtain the necessary funds.
The big plus in my opinion is the JV with Valkor, as they will for sure be pushing all the right buttons.
Interesting times ahead

I think they just tweeted early in November, so any day now