RE: Petroteq on Seeking Alpha14 Oct 2020 23:58
Petroteq held its gains to 0.1p after new vision update and quad "all going to plan" investor update too. Directors bought at 3, 5 and 8p. Last of equipment must have arrived by now as they said mid October. If they get near 400 to 500bopd, and of premium grade, this will be 2p ca. 20million. Theyll be games with project finance of 180mill I'm sure but when were talking 30% profit on about 130 million per year at 10,000bopd, 20mill mcap looks cheap. I knows we have partners taking cuts but ffs ukog was 100mill and even now about 20mill on dubious 500bopd. Get that machine switched on and see what we get out. Enough rambling