Member Info for VINCE72

Woke up this morning and was pretty livid at reading the RNS. Wasn't able to attend AGM or watch the IMC presentation due to work, so had to wait till I got home.

So got home and was dreading watching the IMC.

However, I think it was an honest, open and fair assessment of current events. I could sense frustration in JM with regards the glacial pace at which things are moving. I think we can push things back roughly 6 months as was mentioned by one of the attendees at the AGM.

So I am hoping good things will happen in 2023, not committing to will happen, but wasnt as downbeat as I thought I might be.

But the board are now fully aware of shareholder frustration and hopefully will take that onboard and keep it in mind for future reference.

Not the AGM we were expecting but still in it for the win, unlike England who as usual are totally shambolic on the pitch.

https://www.arubatoday.com/aruba-successful-in-bid-to-purchase-heavy-fuel-oil-from-ecuador/

https://mexicobusiness.news/oilandgas/news/pemex-exports-increase-12mmbd-september

As previously reported by MBN, PEMEX planned to decrease its exports and refine more in the country, as well as simultaneously drop its fuel oil production by 2H22. Nevertheless, the NOC’s mission appears to not go as planned. According to SENER, PEMEX’s fuel oil production from August to September was the highest recorded in the past five years. Fuel oil stock reached 1.015MMb in the last week of August. The previous five-year peak for September was recorded in 2021, when inventories totaled 912Mb. This comes as demand reaches its lowest level since SENER began recording this in 2018. At the same time, PEMEX continues to export the lion’s share of its production, a move backed by recently soaring oil prices.

PEMEX furthermore reported that fuel oil sales in the internal market represented 65,000b/d.

Certainly brought more to the conversation than you have simpleinvestor or maybe another alias of Saville mchaggis. Either way Hondo not overly concerned about some amateur psyche evaluation from a random keyboard Jeff.

Nope not at all haggis. Never saw you put IMVHO at all in any of your posts. Your posts always come across as condescending and sanctimonious to anybody who has a difference of opinion apart from your's. You do post some good points, but its lost when you start to get on your high horse and start trying to preach.

A positive assumption you are making haggis, with no facts to back it up. Exactly the same kind of thing you constantly pull people up on if they are on the reverse side of the coin.

https://shipandbunker.com/news/emea/499835-maersk-executive-raises-methanol-supply-concerns

I find this incredibly funny and just goes to show Maersk never learn from their mistakes. Commit yo build 16 methanol fueled ships and then be concerned whether those ships will have enough fuel to power them.

Lucky they are going for duel fueled at some point common sense may prevail and they use BioMsar. What total ass clowns run this company.

We have been told that Msar had been produced and was on its way, so I find it hard to believe that the Msar part of the trial hasn't started and possibly been completed.

As for the BioMsar part that may have/ have not started yet, but fingers crossed should be completed before the AGM.

If nothing has started then yes, the doubt about Morocco surfaces again.

https://www.ekathimerini.com/economy/1197212/industry-turns-away-from-natural-gas/

Data compiled by Greece’s Environment and Energy Ministry that Kathimerini had access to reveal that the use of fuel oil in the first nine months of 2022 increased 29%, after falling 4% in 2021 and with a pretty steady downward trend in recent years

Think everybody wants something solid to chew on. We've had nibbles alluding to what may happen, but its now time to start the Main course. Let's get 9n with it.

https://shipandbunker.com/news/world/312050-dhl-takes-on-60-million-litres-of-biofuel-from-goodfuels

https://splash247.com/triple-acquisition-takes-msc-buying-spree-to-250-ships/

https://shipandbunker.com/news/world/874603-worlds-largest-shipping-company-msc-sees-cii-cutting-boxship-capacity-by-7-10

An even bigger incentive to get the show on the road.

Morocco to me just looks open ended through the whole of 2023.

https://twitter.com/QFIPLC/status/1587375170737655809?t=T28Uoy4hsXz2uIS-R3mP3w&s=19

https://www.washingtonpost.com/politics/2022/10/28/this-oil-refinery-poses-major-environmental-justice-test-biden/

Defo rule out Limetree Bay as the Caribbean refiner. If it was that opportunity is dead.

https://oilprice.com/Energy/Energy-General/Repsol-Parts-Of-Europe-Are-Running-Out-Of-Diesel.html

The perfect storm has arrived.

https://wp-quadrise-fuels-2020.s3.eu-west-2.amazonaws.com/media/2022/10/264071-Quadrise-AR-Web.pdf

With thanks to lobsterman1965 from the Forum.

PharoahRoacher knows his stuff with regards the oil industry, if i am correct in thinking of the same person, Anybody from the forum knows that. So what SB tells you and what he means should be interpreted quite liberally.

Great Post Pharaoh. Its pretty obvious to most that the Utah product won't take part in the MSC trials at the beginning and more likely the latter end, if not a consecutive follow on later on nxt year.

Like I stated in an earlier post, for me its important to get into the local markets, to prove scale up and continuity of supply as well as a base from which to say this stuff works.

Mining operations and especially those coal fired power stations ( Hunter, Huntington operated by PacifiCorp) who can then be a showcase for low carbon, low Sulphur Msar.

Whats your thoughts ?