Member Info for Tuckman

I would also hope that Pemex, Mexico is high up the list. With the financial and environmental issues they have over there Basic MSAR should be an ideal fit and much easier to incorporate into a system chain IMO. I would also say IMO they need MSAR more than any of the below sooner rather than later and would hope the company with Redliner are very active on selling their product and solution to a very big problem Pemex have.
Looks like we still need many boat loads of patience and hopefully some good fortune for the signing of that first contract.

Thanks Foxm for the links. I like the bit `are planning several commercial MSC container ships`
Sounds to me more than 1 or 2?
We patiently wait on news.

We have already been through the KSA issue and time but the difference notably with Mexico is that they are nearly forced to use MSAR for both the costs and environmental issues. If Mexico does take off KSA and others IMO will study and no doubt follow. It may be years away but yes as we all think if we can deliver a few blueprints in Marine Power and Industry, the snowball effect will follow! These next 6 months are super critical for the company to get that traction started.
Great debate and research guys thanks, keep it going :)

Salinger I would class your posts as positive from my point of view , if you interpreted my post as that I thought you were negative, then I apologise. However sadly due to the past we have yes negative posters on here who actually have a fact that we have not yet signed a commercial contract. History is there for all to see, we can only hope the future is a lot more positive but all posts must taken at some value even the crazy ones!

There has been a general selection of very good posts positive and negative from many contributors looking at all potential angles. As stated many times before September could be our defining month only if they can deliver, we still remain patient. The proactive video yesterday again a strong signal that all is going very well. We should be in for a raft of news over the next few months which could certainly develop the SP accordingly but as well all know, the devil is in the detail and until they let the cat out the bag we must just hope the projects deliver as good as we hope they can. I am quietly confident but again no expectations no disappointments from me until those RNS’s come through. But keep up the debates on both positive and even sadly maybe negative!

IMO delusional, paid, non holder etc etc. Who on earth would buy or recommend a company that has failed and lied to shareholders for an ever increasing length of time now. We all took a P1 failure and lost money, warning signs were there but covered over with mis leading statements.
You seriously are either an extremely bad investor, sorry no gambler and should do yourself a favour and clear off until the dust settles and the company can deliver accounts.
If this does fail who are you going to blame next?
Seriously big warning signs all over this, be very careful

We simply just don’t know what is going on behind closed doors, Fuel production is from an outside agency, they could have issues. Hopefully with a mini MMU we can address the external factors in the future but at the moment all is going to plan unless we are told otherwise. Basically we have to let September reveal all I hope on all 3 projects. I can only hope they all proceed to whatever the next stages are and we edge ever more closer to those commercial contracts.

After 3 months, are they happy? End of year target 1000-1500 so is this a success or not? I think the market is saying what it thinks.

Commencement of the Drilling of Saffron-2 Well
· Drilling of the Saffron-2 appraisal well in Trinidad and Tobago has commenced as scheduled
· The Saffron-2 well has two primary objectives:
o To provide immediate production and cash flow
§ A successful Saffron-2 could produce between 200 to 300 bopd, resulting in US$1.8 - US$2.6 million p.a. of net cash flow to the company
o To inform the most efficient way to develop the Saffron field
§ Internal estimates are that in a success case the Saffron field is capable of producing 1,000 - 1,500 bopd by end 2021, providing a cash flow run rate of US$8 - US$12 million p.a.

Well as far as I am aware they stated Q3 for the trial for Morocco, until they say anything else I am expecting it done before end of September, maybe email IR and ask them if they are still on track?

I doubt there will be a long delay at all, but nice to think that the 13th September is a big shipping week and although not expecting any news we can certainly hopefully see more media from QFI on the shipping front! Hope the video is a good one and hope for a strong media push. News with MSC would go down very nicely as well! Please please not wanting too much :)

The gift that keeps on giving. Very sad but this is now a going concern, they really do need to get the books in order and start from scratch. Massive wage cuts , complete change not a puff pastry jobs still for the boys. Accounts still to come and massive dilution on the cards.
At least some will be happy with this and try and spin a positive.
What if any person would advise to buy this at the moment!

Expect to be complete by end of August. That’s next week and no doubt any little road bump might have occurred in these times! September for me, no need to rush just as long as the results are perfect.

This will never be over until we are bought out! :) :) IMO you can take the mileage this has already done and at least double or triple it! MSAR applications and potential bio adjustments could play a major part in the next stage of a more enviro friendly planet. Can we just get the ball rolling first!

Just have to wait on all fronts for what is the next move. Hopefully Christmas will be a good one this year :)

Fully sold or partial sale? Any partial sale will bring in cash and also offset required amount needed for next stage. Just how much for what percentage? Defo Russian IMO always has been but I thought it would have been done and dusted in Q1, how very wrong I was.

No IMO no news until September,
An extensive programme of testing on the sample received will now commence at QRF, which we expect to complete by the end of August 2021.

Unless they release some preliminary results which I doubt, but not this week or next but hopefully early September a vast array of results and hopefully a very positive outcome. It’s what happens after the results for me, what will the MMU do?

Well whatever happened this morning has developed into a little more volume and a slightly rising SP, it’s nice to see but again without the ever missing news it’s probably going to drift back. Something surely must be going on in the background, I know it’s Russia but something must happen soon.

Yes but as we know we are waiting patiently for news on many fronts. How much value add will obviously depend on what and how items are released. We could be undervalued / overvalued who knows!
I am going for we are undervalued and that September /October will be value add. This share can drift up/down on very little volume and no doubt people will want that 6p attacked again soon.
Utah first set of test results should be by end of month maybe :)

It is simply not accurate but provides a range. I can sell over 600k at 4p right now.
There is no panic, it has been like this for ages and is not going to change. Simple dummy trades at instant times gives instant prices if shares are either available to sell or someone wants to buy them. If not then the price has to be negotiated.

Fully agree Salinger , the last lift to the 6p area was due to the 3 month timeline of the MSC first stage target IMO. Nothing happened and we drifted as those people left the building. We are now IMO building for Utah test results , end of month, chambers mid September, Morocco any day update and bigge MSC maybe end Q3.
With solid news on all these fronts why not 10p+ by year end! Forward solid progress especially MSC is a must though. We could be back at 6p month end but without progress I bet we drift back down. Solid news for a higher range of SP cycle needed

Yes this delay is getting right on my nerve end. Whatever is going on is not adding value to the companies reputation. I can understand that it is only a small amount of fuel and we may not be a priority but I only hope that if it goes on much longer then they could even have the portable mini MMU up and running to create the fuel on site and as a back up plan. As we are in the dark over many items yes there could be an RNS tomorrow with a green light but one can only hope that if/when we get the big boys/refiners involved with MSC then these little issues of small production will be a thing of the past and there will be substantial big hitters leading the way with some clout.
As always patience is required. The communications from QFI may be sub standard but the product is a special one. I might not be happy at the darkness of comms but I will not care if they deliver commercial agreements :)