Member Info for White-Wolf72

Taken from June RNS.

Under the JV Agreement, Valkor has granted a licence to Greenfield, for the use on all future plants that are majority owned and operated by Greenfield in Utah, to its existing Intellectual Property ("IP") and knowhow for the processing of oil sands into heavy fuel oil. All modifications and improvements to the IP developed by Greenfield, including in relation to the upgrade of the POSP, will belong to Greenfield, which the Board of TomCo believes will allow Greenfield to develop its own oil sands plant, subject, inter alia, to identifying a suitable location. Greenfield will seek to identify and secure suitable locations in Utah for a commercial scale (up to 10,000 barrels of oil per day ("bopd")) oil sands plant.

Hi 600 yes I think you are correct. From what I have read Tomco have already decided on the position for a plant on their land.
Also building plants for other companies will be on a royalty/license agreement.

Simple Agm just 5 straight forward resolutions

1. To receive the report of the directors and accounts of the Company for the year ended 30 September 2019, together with the report of the auditors thereon.
2. To authorise the re-appointment of BDO LLP as auditors of the Company.
3. To re-appoint Stephen West who was appointed by the Board and retires pursuant to the Articles and who, being eligible, offers himself for re- appointment as a director.
4. To re-appoint Alex Benger as a director of the Company following his resignation by rotation.
5. To re-appoint Malcolm Groat as a director of the Company following his resignation by rotation.

Nothing to effect SP

It has been mentioned on this board previously that now the Greenfield JV is agreed and there is money in the bank that this should already be 1.5 pence + and I agree. You only need to look at the fundamentals and whats to come.

If you where to compare to the mkt caps of other oil or even mining exploration companies my opinion is that it should be between 5 to 10 x what it is at present. Once we receive news from the feed study then I can only imagine what this could go to and hence why I am invested in this stock.

But this is Aim after all and fundamentals and sentiment don't always go hand in hand which is why I think this is currently so undervalued.

Hopefully we will get some news on the progress of the POSP which will change peoples sentiment and they will start looking at the potential value of the company and then we will see where it takes us.

Well a quiet day on here today, but at least a positive finish into the weekend and hopefully a good start on Monday.

Have a good weekend all and stay safe.

Hi Rob95, yes you are correct. Valkor is a private company so you can't trade them.

I mention Valkor for research purposes as they are part of the Greenfield JV with Tomco. People should see what Valkor can do and have done to understand what they bring to the table with Tomco with their engineering skills and licensing.

Yes agree.

Looks like a sea of red but I think everything over 0.71 are buys. Hopefully a bit of extra buying this afternoon and it will hold or rise a little for a decent finish into the weekend.

Mr_O

This is not a standard oil exploration company Tomcos' leases have already been independently reviewed (see Tomco website) and they are sat on up to 2 billion barrels of oil in shale and oil sands.

What they are now trying to prove is the scalability of the Petroteq POSP plant through the Greenfield JV with Valkor.

As other on the board have stated this could be up to 10,000 bopd per plant and they will be looking at building more than one plant.

As always DYOR and invest on your findings not other peoples opinions.

I personally believe this is a massive opportunity for investment at these levels. But this is my personnel opinion and not advice.

As mentioned research Tomco, Petroteq, Valkor and Quadrise to give yourself a solid background on the potential.

Also look at Petroteq, Quadrise fuels and Valkor.

I put a small £650.00 buy through HSDL to try and wake things up, but it's not showing. Very strange and quiet.

NT to sell now

Dummy sell showing at 0.68.

Latest buys at 0.71 are buys judging buy the movement in the L2 order book.

A notice which is required when a share holding crosses the threshold of 3% in a company to become a significant share holder.

Not sure there will be a TR1 as most shares are now being held in Nominee accounts according to the updated share register.

I think the rules don't require a TR1 to be issued, but could be wrong.!

NUMBER OF SECURITIES IN ISSUE
Capital Structure

Number of AIM Securities in issue / Issued Ordinary Shares
669,134,235 ordinary shares of no par value.

Warrants in Issue
274,291,515 warrants with an average weighted exercise price of 0.01 pence.

PERCENTAGE OF SECURITIES NOT IN PUBLIC HANDS
Number of shares not in public hands: 3,133,603 (0.4%).

SIGNIFICANT SHAREHOLDERS AND PERCENTAGE HOLDINGS
(Those holding in excess of 3% of the Company’s issued share capital)

SHAREHOLDER

HOLDING

% COMPANY

JIM Nominees Ltd 67,471,275 10.08%

Hargreaves Lansdown (Nominees) Ltd 57,076,807 8.53%

Barclays Direct Investing Nominees Ltd 55,451,632 8.29%

Interactive Investor Services Nominees Ltd 53,588,442 8.01%

Hargreaves Lansdown (Nominees) Ltd 43,883,962 6.56%

HSDL Nominees Ltd 43,542,588 6.51%

St Anns Sq Nominees Ltd 37,501,800 5.6%

Hargreaves Lansdown (Nominees) Ltd 32,539,626 4.86%

Interactive Investor Services Nominees Ltd 31,667,991 4.73%

Vidacos Nominees Ltd 26,291,050 3.93%

HSDL Nominees Ltd 21,806,689 3.26%

Can sell £20k in one go so maybe someone loading up again this morning.

If this was any other oil company sitting on this much oil what price do people think this sp would be at.
Once they prove the up scaling of this plant Is achievable this sp will rocket.

I think a lot of people were expecting a quick profit and got bored waiting.

The Company believes that the low sulfur content of Petroteq’s Heavy Sweet Oil, provides it the potential to reduce refining costs and is an attractive blend component ?for refiners, which generates a more valuable product for the Company, increasing our ?net margins and netbacks on a per barrel basis.?
Foreland Refining Corp., an affiliate of MC Oil and Gas, which has purchased oil produced ?from the Plant since approximately December 2018, has delivered the oil to its Eagle Springs Refinery ?located in central Nevada for reprocessing into naphthas, diesel, gas oils, and asphalt. ?Foreland has reported to Petroteq that, during this period, the quality of their ?refined products has improved – specifically, base sediments and water have been ?reduced to below 4/10 of 1%, and, in response to Foreland’s request ?Petroteq’s oil has produced less naphthas and more asphalts. In addition, Foreland ?has reported that its production has become more consistent.

Petroteq believes that ?its technology can produce a relatively sweet heavy crude oil from deposits of oil ?sands without requiring the use of water, and therefore without generating ?wastewater which would otherwise require the use of other treatment or disposal facilities which could be ?harmful to the environment. Petroteq’s process is intended to be a more environmentally friendly ?remediation technology that leaves clean residual sand that is free of hydrocarbons, and can be returned to the environment, without additional remediation.?

According to Alex Blyumkin, Executive Chairman of Petroteq, “The Company has been working ?with our engineering partners to improve production levels while still maintaining our ?high quality oil. We have also been conducting engineering and process testing that is ?critical in moving us toward our target expansion of 4,000 bbls/day in capacity. The ?work carried out this last month has been extremely beneficial in terms of increasing ?productivity and is expected to enable us to achieve actual production closer to our current ?nameplate capacity of 1,000 bbls/day. I would like to personally acknowledge the ?workers onsite who have carried out this remarkable achievement while working in ?what can only be described as very cold and inhospitable weather conditions in ?January and February.”?

Petroteq news from March.

SHERMAN OAKS, Calif., March 02, 2020 (GLOBE NEWSWIRE) -- Petroteq Energy Inc. (“Petroteq” or the “Company”) ??(TSXV:PQE; ?OTC:PQEFF; FSE:PQCF), an integrated oil ?company focused on the development and implementation of its proprietary oil-?extraction and remediation technologies, is pleased to announce that after a scheduled ?temporary maintenance shutdown in January 2020, during which various process ?improvements and adjustments were completed, it re-commenced production at its ?Asphalt Ridge facility located in Vernal, Utah (the “Plant”) and since re-commencement ?on February 19, 2020 has produced approximately 1,900 barrels of oil thus achieving an average ?daily production rate of over 300 bbls/day on a continuous basis. The maintenance ?shutdown allowed the team to make adjustments and complete installation of critical ?additional equipment. Furthermore, Valkor Engineering used this time to run a testing ?regimen on the plant which will provide the final data points needed for a proposed ?expansion of the Asphalt Ridge Facility to up to 4,000 bbls/day of capacity.?

The Company is further pleased to report the following:?

?The technology at the Plant is flexible enough that it can produce a wide range of different characteristics of oils, which enables the Company to cater to the specific needs of its customers.
Due to the high ?quality of oil produced at the Plant, the Company’s sweet heavy oil is being ?sold at West Texas intermediate (WTI), less the cost of transportation with no further deductions.
Based on the Company’s ?current production rate of 300 bbls/day and production costs of approximately $30-$32 per barrel (inclusive of the costs of all plant expenses), the Plant is currently operating on a break even basis.?
The Company has received a payment of $96,500 from the State of Utah ?County Roads Department for delivery of heavy unrefined oil to be used in their road ?paving operations. In addition, the Plant has received an additional purchase order for ?a further $250,000 of the same product from the same state agency.
Additional staff training has been completed at the Plant in anticipation of implementing dual shift operations as a result of anticipated increased ?production resulting from various engineering improvements at the Plant.
With the International Maritime Organization’s new low sulfur fuel regulations (IMO ??2020) becoming effective on January 1, 2020, the Company is focusing on producing a high ?quality sweet heavy crude oil consistent with refiner and customer demand. Petroteq Heavy Sweet Oil has an American Petroleum Institute (API) gravity in the range of 14 to 20 and a sulfur ?content of less than 0.5%?.