Member Info for sn88

Very disappointed reading that RNS. Whilst there's talk of progress being made, no real progress has been made bar a 2 day trial in the year since the last AGM. Everything else pushed into 2026.

Need to start delivering. Can't keep bleating about how the team has grown and we've got the team to now deliver whilst also saying we're very small and it's difficult. Something has to give

IMO we need something tangible before Christmas as everyone knows nothing of any worth happens in January. We then realise that we've entered a period of stasis where the last 'news' was the completion of a 2 day Sparkle trial conducted 6 months prior in July-25.

Agree, Barking. That's why I omitted to include Peter in my last comment . It's not an ideal situation for him to be walking into. Hoping that he can set the record straight regarding the matter and what's come to pass since the last AGM. From his first IMC, I am of the belief that he's the one to deliver for us.

RNS's detailing MSC agreements this year

24/03/25

Work is now well underway to prepare the Quadrise trial equipment ahead of installation and commissioning at the MAC² terminal in Antwerp, Belgium in Q2 2025. In parallel, bilateral agreements between Quadrise, and Cargill and MAC² respectively, are expected to be concluded soon.

10/06/25

The expected bilateral agreements between MSC and Cargill, and Cargill and Quadrise, to initiate the commercial-scale marine trials are now in near final form and are expected to be concluded soon. Following signature, the trial equipment will be installed and commissioned at the MAC2 site in Antwerp, ahead of the commercial-scale marine trials commencing in Q3 2025.

18/08/25

The bilateral agreements between MSC and Cargill, and Quadrise and Cargill (the "Agreements"), remain in near final form, as announced by the Company on 10 June 2025. The Company has not received any adverse feedback from the relevant counterparties, and their internal processes remain ongoing, albeit slower than anticipated

29/09/25

While agreements between MSC, Cargill, and Quadrise have taken longer than expected to finalise, discussions are progressing and remain constructive.

Now.. (appreciate we will have on record on Friday) we cannot say much otherwise we'll jeopardize negotiations. Looks like we're further away from an agreement than we were at the start of the year OR we're in exactly the same place as we were at year end '24 and AM / JM have been telling investors big porkies

A reminder that the SP went up some 260% from the date of the AGM to year end last year.

This time next week Rodney, it could be a very different atmosphere in here.

There can only be so much progress made that's not an RNS'able event for a company without revenue

It's happened already based on the website information here - spoke on Tuesday

https://www.altfuelchem.org/workshop-sessions

Might get criticised for this opinion but that presentation looks a bit Year-10 GCSE IT project.

Still, gets our good name out there. Speak well, Jason.

By my calcs, TOM need to give notice of AGM within the next 2 weeks to have one within 2025 or face potential legal consequences

"The THOR system has operated in both HSO wells with heavy oil successfully being produced from each one, something that has not been possible with other methods., Cavitas Energy has supported us in person, remotely and via their remote monitorying and control system during the well operation and have worked collaboratively to ensure the THOR system and the well is protected and providing optimal performance."

https://www.linkedin.com/posts/cavitas-energy-limited_receiving-feedback-from-one-major-operator-activity-7396849744603410432-X7Eh?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAefksIBRP4zxzdtLahU_3Tu4yzb8-xQEos

I think it's news to us that they've now downholed the 2nd well. Hopefully the samples are now on the way to QED and Valkor commence the remaining wells in Q1 2026 and our MMUs / revenue to come Q1-Q2

What, no? Where did I say Peter doesn't know? I'm asking for my benefit

It does.

On a separate note, and this is coming from someone who doesn't know how long these deals typically take, when could we expect a commercial deal on Sparkle? We're ~4 months on from successful trial. I was hoping/anticipating that this would be a quick one to get over the line?

What an odd take HF14, there's moaning for lack of progress which is understood if not a bit repetitive and then there's that take. JM being invited by the US Department of Energy to consult can only be a good thing for the company!

Focus Motor Yachts instagram (@focusmotoryachts) have recent posts in the last 2 weeks showing the Focus 3X ported in Fort Lauderdale.

Post 29/10/25 - 'Join us in Fort Lauderdale for exclusive sea trials of the Focus 3Z with Yacht Creators. Experience the performance firsthand'.

Not sure if this is OUR yacht but it's a Focus 3X that looks ready to be undergoing sea trials

You would like to think that the implied success Cavitas (THOR technology) have had in unlocking the wells means that the samples will finally be of sufficient standard to test. I'd be concerned for that project as a whole if Valkor who have been drilling/trying to make those wells work for nearly 2 years still can't provide something sufficient at this stage.

Not linked to QED but TOM (yuck) in late summer said that Valkor were intending to drill 4 more wells between now and Q2 2026 so one could suggest that the samples will be of sufficient quality and it'll full steam ahead..at some point in the not too distant future!

What's also being forgotten / plainly ignored is that PB has 46m shares at 5p in the back pocket.

He could have quite easily sailed off into the sunset (pun intended) without the need to get involved with QED. Now, those performance options twinned with his contacts and CV could very well create generational wealth for his family.

I'm willing to give him longer than 6 weeks in the job before writing him and the company off.

'Signatures within 2 months' is now 18 business days btw everyone.

Not long to wait for Peter to either deliver on his statements or be in danger of over promising like AM / JM have for years

Bid is as it has been all week for any significant volume (.525)

Where's this information?

On a personal level, I'm slightly disappointed that 5 weeks into Peter's tenure we have yet to get anything over the line. There was a significant step change in tone at the ICM so, I'll be bitterly disappointed if the AGM comes and goes without a commercial sparkle agreement / MSC signature / a another shipping trial and everything gets moved into 2026.