Member Info for Torreaguas

I get it, you are desperate for MSAR to be used. If it is then fine, if not then fine.

Oil of sufficient quality and quantity has now been produced by the POSP to enable an initial shipment of 250 barrels of oil to be made.

Again, I agree we need the facts of the quality NOW being produced. I think you are going off the process BEFORE all the improvements were made.

That tells me that at the time they contacted QFI they assumed they would need MSAR, now they have just stated they have sold 250 barrels of oil and in the same announcement there is no indication of the samples being send to QFI. Although in the news article on pro active it mentions them.

Look, I am not too bothered either way, if MSAR means more cash per barrel then great. If not then they must have sorted the issues themselves, also great.

The main thing is the process is a success and we are producing and selling oil and sand. All I want to know is for how much ? This will be revealed in the feed that is due in July. Which brings another point. If the feed study is being completed by July how can it include msar as no trial has been done with it?

Yes Helpful, I remember reading that and they have fixed the issue I believe?

I am awaiting news on the quality of oil produced. i do agree it needs clarification. I am only saying that 'Maybe' the improvements to the process have made it a much better quality.

They have already taken an initial load of 40 tonnes and is anticipated to take a further circa 500 tonnes of processed sand over the coming weeks

Light, Sweet Crude Oil NYMEX (1,000 USbarrels;c /barrel) 68.18

Brent Crude Oil NYMEX (1,000 USbarrels;c /barrel) 70.94

Salinger, you are missing the point though. Whatever they get for the sand is a big bonus. Even if it is $47 per ton, on top of $70 for the oil it is equivalent to $117 for each barrel of production.

the latest price i can find was Sept 2020 at $47 per ton, the price is down considerably due to the pandemic.

Where do you get your price from Salinger? Do you have a link?

I would be more than delighted if the get the equivalent of $150 to $200 per barrel of oil produced including the sand.

Helpful, do you know the price they will get (approx) for the No 6 ?

I think I will take the word of Helpful because of the detailed information.

So each barrel of oil produced gives sand valued at around $100? that is a very nice amount of money with the oil.

Salinger I am not saying the sand is worth more than the oil. I am saying that the oil + the sand is probably generating a very good average price per barrel which means the addition of MSAR may be more hassle than it is worth?

We just have to wait and see but in the meantime we are now producing and making income which is a great result.

Maybe the sand is the key to the new process and success. Maybe they are happy with the quality of oil as they now have the sand income too?

why would they be selling the oil now if they need MSAR ? surely if MSAR were to give them a better profit they would have waited?

Maybe they have found their own way to produce the same quality?

A sufficient quantity and quality of oil has so far been produced so that an initial shipment of 250 barrels can be made.

https://www.proactiveinvestors.co.uk/companies/news/950987/tomco-energys-greenfield-venture-reaches-key-milestones-in-utah-950987.html

Salinger, it is clear you are a qfi holder and fair enough. You want tom to include MSAR, well if they do, great, if they decide not too they must have found their own way to produce saleable oil at site.

We will wait and see.

https://www.proactiveinvestors.co.uk/companies/news/950987/tomco-energys-greenfield-venture-reaches-key-milestones-in-utah-950987.html

Subject to the pilot results and the FEED, Greenfield will develop a new 10,000 bopd plant – comprising two 5,000 bopd trains – utilising design improvements and knowledge gained from the POSP pilot.

10,000 bopd at $90 including sane = $900,000 per day ! Yes PER DAY.

Market cap under £10m is laughable.

Well there you have it direct from the horses mouth.... no lease yet, 'expected' AFTER LAND SALE.

NO PLANNING PERMISSION YET. ' site planning in progress'

#CRCL #Nickel #Energy #Storage #Battery
?????????????? ???????????? ?????????????? ??????????????
• Option to Lease expected shortly - post land sale
• Grid connection secured and extended
• Site planning in progress

At least we got the current position out of them, albeit via a tweet.

Seems like they do not need MSAR