Member Info for WongaFC

My guess is "Heavy Sweet Oil" will be a subsidiary of Valkor, set up specifically to progress their oil sands venture, leaving the parent company to concentrate on their engineering business.

Early am tree shake, low volumes and big spreads tell me there's few sellers out there!!!

At this rate we'll be lucky to get an Alpine A110...

As pointed out on one of the PQE discussion forums, this bid was initiated prior to feed study completion and 3rd party verification of process. Also, the oil price was around 25% lower at the time of the offer and general consensus seems to be the oil price is likely to rise from here, potentially to over $100/barrel in early 2022.

There could be some way to go with this and the BoD response will be very interesting, especially given the disparaging remarks made by Viston regarding the BoD and company in general.

Pre-Market indicators suggesting a 200%+ uplift for PQE shares today.

All positive for the future of oil; sands story and I'm sure we'll catch up here eventually.

It would appear a company called "Viston" is behind the offer for a controlling interest in Petroteq, with their offer paying a huge premium on SP. Given the potential importance of MSAR/BioMSAR to the tar sands story, we shouldn't be far behind in gaining associated traction???

https://www.petroteqoffer.com/wp-content/uploads/2021/10/Press-Release-Oct-25.pdf

Was planning to sample it with a slice initially, do a trial on taste, consistency, blood sugars etc. Depending on successful results, I may try a bigger slice next summer....

I've been told my cake delivery is imminent!!!

From a few months ago but remains relevant;

https://www.worldoil.com/magazine/2021/august-2021/columns/executive-viewpoint

That RNS is a bit concerning. If they have the will, getting to Morocco should not be an issue, especially as the client is probably the Moroccan Govt!!!

Reads to me like they're getting their excuses in early for further delays on this project, possibly getting the fuel manufactured???

I'd like to think they are already there preparing the site for the trial. If not, I read from that story they could go via France or Spain??? Need to get a shifty on if not already there...

Very quiet here today so I thought I'd post a youtube link I came across on a Petroteq chat post. A bit long-winded, (apologies) but it certainly backs up my view that the need for fossil fuels, especially oil, is not going away, regardless of how government rhetoric and environmental demands would have us believe.

https://www.youtube.com/watch?v=yTJfeLoDJjc

Thanks again 46G,

A timely reminder of the projects and potential over the next 12-18 months. I'll be happy if the SP gets half way to your speculative suggestions. Retirement in January 2023 sounds like a plan...

Agreed! Let's hope the over-zealous tree-huggers don't bo11ox things up for us there!!

It's all very well for developed nations to drive towards greener energy solutions but there are others for whom the economics will not stack up. Mexico is the perfect example. They have a glut of crude oil but import gasoline. Oil is a large part of their economy and will remain so. They need solutions to use their oil reserves more effectively to reduce the need for imports. They like other less-developed nations, are a great fit for MSAR.

Don't think it's anything to worry about DPS. If anything it further cements MSCs commitment to reducing emissions part of which is the BioMSAR option.

I remember hearing Bud Darr speaking as part of an online discussion as to the way forward for shipping. He was very much of the opinion, it will take many different solutions and a combination of alternative fuels are likely to play a part in the future of shipping.

Some fuels are more advanced than others and the use of oil is not going to end for decades IMO, so while even greener options are developed, BioMSAR provides a big step in the right direction for shipping emission targets.

"This time next year Rodney......"

I thought the consensus of speculation was the Morocco client being OCP?

Their main business is phosphate production. Is cement another string to their bow, or have I missed some sleuthing which might suggest another company altogether???

Apparently Petroteq has issued approx 50 million shares in debt for equity arrangements, where the price was below the minimum acceptable to the index. Seemingly this can be done if permission sought and given prior to the transactions, which did not happen in this case.

Not only has this been a corporate faux pas by Petroteq but there must also be a failure at TSX for failing to spot these discrepancies at the time. Sound like it's taking a lot of unraveling and while the SP has been suspended in Canada & Germany for nearly 2 months, it has still been trading in US.

Nothing emerged so far to suggest it has affected the Uppgard client's proposed buy-in, or indeed to indicate the "offer" is any other than genuine. However, for the first time today, the value of the PQE shares in my SIPP is listed as n/a.

I'm not overly concerned long-term as I believe the CORT is a very valuable asset which will eventually end up in the right hands. Were the Uppgard client's offer be withdrawn, I might feel less assured!!!

It is nice to think if KSA or Maersk came calling they'd be told "get to the back of the queue!"