Member Info for sn88

With all of the shifted Q2 timelines, we should arguably be getting a bit of bumper news every ~2 weeks through to Q4 from now

And not a funny one

We said that the last time and the time before that

They gave us a full business update 5 weeks ago. I don't think we require weekly updates, we're all adults here.

Granted, having a quick re-read of said update; the company uses 'expected' in all project updates for Q3 or reliant others to achieve these timelines so I wouldn't be surprised if all of these are once again missed.

Last time I looked, April, May and June are part of Q2.

Why haven't they delivered? Now that is a worthwhile question to be asking of the team.

I don't agree that Valkor sending samples is classed as a decent business update for us.

Valkors ineptitude in providing samples of sufficient quality to test is out of QED control but it doesn't make it any less disappointing for us. They drilled those wells in March '24 and still haven't got anywhere which doesn't help us in either the short or long term

I do find it concerning (own personal opinion) that in Feb we were told everything would cross the line in Q2 and subsequently those goal posts shifted to Q3 during Q2 and as we enter week 3 of Q3 next week, we're still without anything as the SP slowly drifts back to raise levels

According to some on here though, it's irrelevant whether we have a CEO steering the ship (if you pardon the pun).

Bit of a naughty ramp, this.

Or in this instance, a Dear Jason RNS.

Following up on shipwatch from June. Could someone confirm that we would anticipate agreements to be notified ~2 weeks prior to Leandra docking in Antwerp (planned for 22/07/25)? If it's not notified early next week, that would likely mean the next opportunity would be Aug/Sep? Appreciate we could be notified prior to the docking for those months, if all is agreed.

Disappointing but not unexpected SP reaction to the progress made to the end of H1.

Doesn't need much funding, especially if it's a consortium of multiple co's over these wells. Any sniff of real revenue will be transformational - do I think that's coming in the next 6 months? Not a chance!

Update from TOM which comments on Valkors plans in the next 12 months. Hopefully Valkor can finally provide us with some suitable samples:-

'Valkor has continued to progress its neighbouring project, having previously secured permits from the Utah regulators for them to drill and operate on such state lands as well as on our Lease Area. Alongside its drilling activities, we understand that Valkor has also advanced plans for its own potential future oil sands separation operation in the vicinity.

Our current objective is for drilling operations on our Lease Area to commence in the autumn of 2025. This is dependent on the Company finalising negotiations and reaching a suitable definitive agreement with Valkor, on the prevailing economic conditions at the point of a drilling decision, and on the Company being able to raise the requisite funds to participate. In broad terms, we anticipate that each well will cost in the order of US$0.8 million to US$1.0 million to drill. Our intention is that each well should be funded individually by a consortium of investors led by Valkor, with TomCo being a significant participant in one or more of such wells. All being well, our outline plan envisages our participation in four wells within the next twelve months to seek to generate meaningful revenue and cash flow for the Group from our share in each well if drilling is successful.'

So QED will continue advertising the role once it's been filled, Semaphor?

Big clap, well done

I notice the job is still being advertised by Spinnaker recruitment, so we can see that we're no nearer to finding someone to fill the position permanently circa 8 weeks on from the market announcement.

Does anyone think that we'll get sign off on any deals prior to having a permanent CEO in position? Not being critical, interested in people's thoughts.

Another few days out of the office without anything being finalised

It doesn't really matter if he said LATE or LATER in Q3.

3 months ago he said we'd have multiple trials commencing in Q2.. and look where we are

Alder have some big backing in the aviation industry, it'll be interesting to see how the joint development develops. From Alder Renewables LinkedIn a year ago:

Alder Renewables backer United Airlines Ventures recently announced $200 million in investment to fast track the development and commercialisation of sustainable aviation fuel.

In addition American Express Global Business Travel, aramco Ventures, Aviation Capital Group (ACG), Bank of America, Boston Consulting Group (BCG), Groupe ADP, Hawaiian Airlines and JetBlue Ventures, will join inaugural fund partners Air Canada, Boeing, @GE Aerospace, JPMorganChase, and Honeywell. https://lnkd.in/ggjYCBQ2

Nor-Shipping 2025, our Head of Marine, Linda Johnstone Sorensen, Ph.D.., joined other maritime industry experts in discussions centred around the urgency and complexity of maritime decarbonisation.

Upon returning, Linda reflected on key considerations that are influencing decision makers within the industry:

“With the IMO’s Net Zero Framework and upcoming MEPC resolution expected to bring emissions penalties from 2028, shipowners are facing pressing decisions.

While regulatory direction is improving, key challenges remain:

🔹Infrastructure for alternative fuels is underdeveloped, making it difficult for shipowners to commit to long-term fuel pathways.

🔹Shipyard capacity is constrained for both newbuilds and retrofits, a pressure point that will intensify as 2030 approaches.

🔹Many shipowners are seeking stronger collaboration across the value chain: from charterers and cargo interests to financiers and fuel providers.

🔹There is growing concern around supply constraints and rising costs for compliant fuels.

In this landscape, flexibility is critical and biofuels are well-positioned to support the transition. They can be used across existing fleets with minimal modification, and do not depend on speculative infrastructure.

However, not all biofuels are created equal. Variability in feedstock quality has already led to operational issues in the industry. The challenge lies not just in adopting biofuels, but in securing a high-quality, reliable supply.

This is where Quadrise’s proprietary bioMSAR® technology offers a low-carbon, engine-tested solution that supports regulatory compliance while preserving operational flexibility. It provides shipowners with a practical pathway to act now, without compromising future readiness.”

Learn more about our technology, here: https://lnkd.in/exNp-2hD

hashtag#Decarbonisation hashtag#bioMSAR hashtag#MSAR hashtag#EnergyTransition hashtag#ShipsAndShipping hashtag#NorShipping hashtag#CleanFuels

Does feel very much like we'll get back to it sometime in August now