Member Info for Torreaguas

getting ready to push past 3p now ..

and this presentation was only a few days ago so is up to date. It must mean in my opinion that MSAR is a must for the new operator. time will tell but if so then the SP here will be well into double figures IMO, DYOR etc.

thanks for that link foxm, having read it a few times and looked at other articles I am betting that MSAR will be a condition for the new operator.

Looks like Msar has to be included in the tenders . Great news.

https://geology.utah.gov/resources/energy/tar-sands/

Utah’s oil sand deposits contain 14 to 15 billion barrels of measured oil in place, with an additional estimated resource of 23 to 28 billion barrels. The estimated/measured oil-in-place resources of individual deposits range from 100 million barrels to more than 22 billion barrels.

Another thing to consider. If the trial is a success, how many licences will Petroteq sell to companies wanting in on profitable oil sands and so will QFI as they would all need msar. There are billions of barrels in Utah oil sands..

A very good move to change the licence to Greenfield instead of Valkor. This means that when Greenfield have finished the test at the Petroteq plant and move on to their own plants Petroteq will also want a MSAR licence if they want to continue using it on their proopsed 5,000 bopd plant and any future ones. Double the money for QFI.

“I am excited by Petroteq’s proprietary technology for extracting oil from oilsands without the use of water and without the need for a tailings pond, unlike the technology currently applied in the Canadian oilsands,” said George Stapleton after his recent visit to the Petroteq plant just outside Vernal, Utah. “The plant upgrades now underway will inform the design of our proposed future 5,000 bpd facility.”

The trial of MSAR in Utah (after successful tests in the UK) is only going to produce around 600 barrels of MSAR fuel.

"· Supply of specialist services to assist Greenfield in completing the commercial scale demonstration trial to produce over 600 barrels (100 tonnes) of power grade MSAR®. "

Then it is on to the commercial agreement for the 10,000 bopd. So the MSAR test will last for just a couple of days. Fast moving stuff here subject ot the tests in the UK being positive.

i think we can expect more news on this pretty quickly. Petroteq had stored product on site in Utah so I suspect this was already on its way to the UK for QFI to test.

They would annouce success on this prior to going to Utah imo.

yes, i was just frustrated.

- Proof of Concept formulation and test work at the Quadrise Research Facility using oil samples supplied by Greenfield.

Brilliant, so they have no need to go to Utah to prove Msar works on this product. That is fantastic.

Today please .. happy days.

another rns this week on utah/morrocco/ecuador/ksa and we could pass 3p with ease imo.

struggling for sellers now. 2.3p on offer...

In the proactive report it says....

Quadrise pointed out to investors that it now has over ten years working in the KSA and it is poised to progress its first regional commercial implementation

'pointed out to investors'? That sounds like a tip to me. I have a feeling more is to come on this very soon.

Well, I expected more than that.

I really thought the paper going on the website was an indication of a contract. Maybe it is and it will come later in the week?

I hope it’s just not a case of MK having nothing to do in lockdown so he does a write up and calls it a white paper!

I know from my time in TOM that they are planning multiple 10,000 bopd plants should the first be a success. With MSAR I am sure it will be and that means the better a deal MK does now the better for the future of Qfi. Maybe that is why he is playing hard ball.

And they NEED MSAR ! big profits ahead here for Qfi

more than your brew, best end to a week for ages, news next week imo.

looks like something is brewing, sp moving upwards..