Member Info for Tobythedog

46G

After 13+ years as a shareholder and participating in several of the fund raises I've joined you in writing to Peter expressing frustration, annoyance and disappointment at the never ending jam tomorrow statements he, Jason and others have pedalled for years . Whilst I can understand the recent MSC delays caused by war in the Middle East that does not explain all the previous delays in this project nor the lack of progress with other major projects - OCP, Valkor and Sparkle. These delays are unacceptable. They need to get at least one project over the line now.

Punter 1234

What on Earth is that all about? Not QED. Are you okay?

46G

This perfectly sums up my views. The Board need to be given very clear and regular messages that we need to get deal(s) over the line now to generate income; and more tales of jam tomorrow just won't cut it.

Is there a scenario where the continuing hostility in the Middle East spurs our various potential customers, clients, and suppliers into action and short circuit or even bypass some POC and LONO testing and/or reduce protracted negotiations and go straight to commercial supply. Obviously this is wishful thinking on my part but wonder if others are thinking the same? Thoughts anyone?

Vince

Absolutely agree with your coments. It's shocking that all these senior BoD members can repeatedly make "imminent" type comments and acknowledge "the time is now" but never deliver, and Peter is just as bad with the end of January target. Enough is enough. Of course there have been obstacles along they way but they are paid big Bucks to sort out these problems. They must deliver now!

From the little news I've seen so far Trump is going to seize many of the Venezuelan oil fields and give them back to the original operators. They will inevitably want to expand the expansion of these heavy oil deposits which as we know from the past are ideally suited for MSAR/BIOMSAR. Has anyone got any thoughts how this might play out for Quadrise in the long term? Also what are short term implications - will it further depress the price of oil and in turn make potential users delay decisions even further? Would be good to hear PI's thoughts on this. Thanks

Sn88 & monkeymo

I take both your points and agree from a UK cultural perspective, but this is aimed at a predominantly US audience so probably pitched correctly for that market. Just my thoughts.

Asimpleinvestor

So all a bit of a red herring on both counts really.

It requires "......colder climates, the fuel becomes too viscous to pump or atomize efficiently" and "... ultimately, they issued a LONO upon completion, indicating they were satisfied that any issues encountered were minor and resolved".

Do you really think that these two items are issues that are holding up progress in any way?

Asimpleinvestor

You say that MSAR needs heated tanks. Once again I've never heard that before. Is this really the case? I always understood that was one of its benefits that it did not need to be heated . Please explain. Thanks

"but it’s worth remembering that their initial trial was confined to a single engine type under a specific operating profile. In that test, the alternative fuel caused liner deposits and fuel‐system wear, which explains exactly why the programme hit those mechanical snags and was paused".

Am I missing something here? I don't recall there being an issue. Can someone please explain or put this to bed. Thanks

Advertising for this post is certainly positive, but I just council some caution here. This will most likely be contingency recruitment, meaning QED do not pay upfront and the agency concerned have paid the advertising costs. It's also possible that QED are trawling the market in the expectation that Panama/Honduras goes ahead - it does not mean that it definitely will go ahead. So it's a positive signal but be a bit cautious. As an ex HR Director in the O & G industry I can assure you that not every job advert results in a position going ahead to be filled.

Hotfinance14

I've absolutely no idea on that score. It depends on too many unknown factors such as when they started the search; how tight the spec. for the position is; feedback from search consultants as to level of interest in the marketplace; the salary package on offer; what if any more information QED can disclose to potential candidates etc

I'm certainly very unhappy that that the BoD have repeatedly failed to meet their own timelines on almost every commercial project. I'm amazed they keep repeating the same - over promising and underdelivering mistake time and time again.

As a retired HR director and consultant that operated in the upstream O & G industry I agree with DevonianExile. We are talking probabilities here, but three months to appoint an new CEO would be considered quick and 6-9 months far more likely in my view. With any extended notice to the current employer on top of that.

Both

Thanks - all the delays/changes/poor quality samples etc etc across all the projects is extremely frustrating.

46G

Did we not also hear around December 2024 that QED staff were on site in Morocco and that testing was about to commence "imminently"?

Surely to goodness QED can get one of these major milestones across the line. Like the majority I'm very frustrated with all the false dawns and excuses. I'm now 73 and wondering if I'll ever see a commercial supply agreement for MSAR/BioMSAR before I fall off the perch.

... and how would you know that interviews are being held today? Do tell. If you want us to believe it give us an insight.

So now it is a "strong sell". Very curious!

SC

Well I for one hope the moderator does the same with your latest post. Are you OK? Please stop this constant stream. We are all tired of it .

Reading between the lines here I consider this to be very positive. I believe for whatever reason (NDA?) QED cannot say anymore at this time on the progress of several projects but are keenly aware that shareholders are extremely frustrated by the lack of news especially when so much was promised for announcement in Q2. This says to me that Phil has been appointed to a roll-out position and signals that all is well but is slower too materialise than previously anticipated (yet again and again!). As always we long suffering shareholders will just have to wait it out. I hope its not much longer.

Barking

I see you have 19 likes for your last message. I'm one and very much agree. Am rather fed-up waiting for tomorrow which never comes! I hope I'm still vertical by the time QED finally comes good. Been here 12+ years and I know there has been progress but its been glacial. Come on guys - extract the digit and give us some positive (contractual) news.

Barking Crazy

The 55 day SMA of volume is currently 3.74M with 1.99B shares in issue. In the last 3 months the daily volume has fluctuated between 0.76M and 12.25M so in my view it's impossible to infer if he sells out or not.