Member Info for WongaFC

Oil price futures up another 13/14% today, (possibly on the back of vaccine news suggesting a road back to near normality and increase in demand for oil) is in sight.

Surely this is good news for QFI in that their potential commercial partners can increase their margins further from a higher oil price? Might it also make further investment funds easier to come by when/if the "profitability" case is improved?

I know the BOD have failed to land a commercial contract while the oil price has been over $100 a barrel, but surely this is good news????

Markets and oil price significantly up on vaccine news

I think that is the most likely scenario Indigo

And China are leading the world on investment in renewable energy. They just don't shout it from the rooftops!

Not won yet and even if he did, I would suggest he is more likely to be focused on solar, hydro and wind, than cleaner oil???

That's my buy order for 550,000 shares at 2p been fulfilled.

https://content.equisolve.net/petroteq/media/a9bc1245c1b816150e14fa309f4aa53c.pdf

Hadn't seen this before, (may have been posted earlier on here?) page 15 brings in the MSAR angle, a good easy to understand document for potential investors to comprehend. Sounds like Morocco will beat Utah to the punch tho???

Surely you mean to the MOUn BP?

If not OCP then who?
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San Leon Energy/Mountain West Energy

Some common denominators there???

Furrylugs:
The 10,000 bpd is the targeted oil production. This would require mixing with MSAR, so would need the equivalent of 4,143 barrels of water (29%) and 143 barrels of the "secret formula" chemical additive (1%) per 10,000 barrels of oil from the ground, producing 14,286 barrels of MSAR.

I think!
Or it may be they are looking to produce 10,000 barrels of MSAR per day with the same 70% Oil, 29% Water 1% Chemical ratio

OHS
OCP seemingly have processes which use a lot of oil??
If so, using MSAR might offer them cost savings and improve their "green" credentials.

Same could be said for any user of oil I suppose???

Interesting piece OHS and the Moroccan client might well be OCP, however, for your hypothesis to be accurate, QFI would need to partner with ADNOC to produce the low sulphur fuel.

My reading into this could be that OCP are planning to use MSAR to reduce their costs in mining the phosphate, to which they add sulphur to produce their fertilizer???

Might be nothing to do with OCP however....

Where the share price will go in the coming weeks is anyone's guess.

FWIW, I hedged around 25% of my stake to cash around 3 weeks ago, in the belief the price would drop below 2p again, (I have limited buy orders in place at 2p and 1.9p) . So far, the price is holding up not too badly, all things considered. A drop to 1.4p or rise to 3.4p in the next week would not surprise me, such is the unpredictability in the "quiet periods". Either way, I still believe there is the potential for plenty of upside to come over the next 12 months.

A lot of investor focus is being taken to the ESG sector, focusing on companies likely to do well as the global push toward renewables gathers pace. While the demand for oil remains, the MSAR case is compelling, however, as many have said on here, contracts/bulk production/profits need to happen soon or, (if you'll pardon the pun) our ship will have sailed...

Let's hope so BP, my confidence is waning

As ever, the above B/O spread is a nonsense. Ichecked on HL a few minutes ago and could buy at 2.66p or sell at 2.57p. Much tighter than you would be led to believe if taking a cursory glance!

Could try this???

https://www.investorschronicle.co.uk/shares/2018/11/09/the-truth-about-market-makers/

Glad to hear your positive news BP and all the best with your recovery.

46 Gillingham
"MexPete I would rather keep the BOD incentivised"

Would a 50% salary reduction until commercial contract signed not "incentivise" them to get the first one over the line?

Sure did, Boyporche, sold same amount on latest drop from 3.7p spike in case it fell to below 2p again. Happy with apparent stability and re-bought accordingly.
Take care...

Another 500,000 buy today