Member Info for sn88

Just an aide-memoire:

'MAC2 have already received the required operating permits for installation of Quadrise equipment and have prepared the site. Following signature of the Project Agreement, final work to enable Quadrise equipment to be delivered to the MAC2 site can now be completed, enabling the Trials to commence before end Q1 2025. ' (RNS 24/11/2024 - over 14 months ago)

Over 7 months since we had any sort of business update. No AGM in 2025. What's the board doing?

Thanks Vince, much like the rest of the team driving commercial growth then. Trying to go from £0 to £1

Do we know we've employed a BDM?

17p? Chance would be a fine thing.

If you liked it at 3.5p, you'll love it at 1.9p.

come on Peter

£5m? You definitely overpaid dfg :D

Ignoring world politics, let's talk Quadrise politics.

What are peoples expectations / hopes for next week? On a personal level, I'll be extremely disappointed but ultimately not surprised if we're sat here this time next week with the tumbleweed passing by as further company stated timelines pass without comment.

Might genuinely go sub-2p the way this is continuing to fall day on day

10m buy.

What would be the strategic sense in a further funding event? If it makes sense to confirm that company officials lied regarding any further funding requirements through to revenue and alienate investors further then yeah, it sounds good, sign me up!

Extra-heavy oil doesn’t need more infrastructure - it needs a smarter approach. 💡

🔥 In the U.S., an independent operator faced ultra-viscous extra-heavy oil that simply wouldn’t flow with artificial lift until THOR was deployed. By delivering controlled downhole heat right at the perforations, THOR unlocked production from 0 to over 60 bopd, enabling reserves to be booked, field development to proceed and generating ~$1.7M+ additional revenue per well with break-even in under 30 days.

Read the full case study here: https://lnkd.in/eTDdZEjd

Just like in Venezuela, it’s not the resource that’s the barrier it’s how you access it. THOR’s targeted, low-carbon thermal approach is the future for extra-heavy oil recovery.

IMO, Peter should hold an investor call in Feb if there's no RNS'able news in January.

Peter didn't have to state his targeted timelines for MSC & another trial but if those self imposed timelines haven't been met, that'll be twice he's given investors timelines (first being his first IMC - Oct'25) and subsequently not met them. Not putting him in the JM/AM bucket just yet but silence won't help the cause 4 months into his tenure.

Before anyone shouts me down, I am only going from the information contained on the Utah permitting site, linked here:

https://oilgas.ogm.utah.gov/oilgasweb/live-data-search/lds-well/well-lu.xhtml

Their wells are shut in according to Utah DOGM. If QED haven't got them already then I doubt they'll be getting them anytime soon

I think the SP rising on anticipation/excitement of potential news has long since disappeared with QED. The continued failure to achieve company stated timelines has put an end to that.

As many have said previously on here; the SP will rerate once that news lands and the starting point, whether 2p or 3p is neither here nor there.

All of the below SPAC arrangements are ultimately irrelevant to TOM. TOM were afforded the use of the existing AC Oil lease within the sale to TSHII back in Aug-24 (prior to the merger in Mar-25).

Since the firesale of the only asset the company held, it's been company silence and refusal to even complete the requisite governance of a PLC.

Someone's had enough this morning. 25m sell

Still waiting for a 2025 AGM!

It's transpiring that nothing is either easy or quick with QED.

6 months since the Sparkle trial, no signs of commercial supply agreement/permitting?