We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Quadrise Plc | LSE:QED | London | Ordinary Share | GB00B11DDB67 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.0775 | 4.77% | 1.7025 | 1.655 | 1.75 | 1.705 | 1.555 | 1.555 | 5,618,547 | 16:35:03 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | 0 | -3.09M | -0.0021 | -8.10 | 25.41M |
From Apr 2019 to Apr 2024
TIDMQFI
RNS Number : 8730E
Quadrise Fuels International PLC
13 February 2015
13 February 2015
Quadrise Fuels International plc
("QFI", "Quadrise" or the "Company")
Statement re Share Price Movement
The Company notes the fall in its share price today. The collapse in the oil price since Q4 2014, and related uncertainty in the energy sector, has clearly affected investor sentiment. While this has limited longer term relevance for the leading Quadrise projects and their prospects, this has understandably concerned shareholders. The continuing volatility of global crude oil prices has caused instability across the industry and consequential extensions to decision making processes.
As previously noted, the Quadrise MSAR process adds value in refining by replacing high value distillates (principally diesel) with water and chemicals to create a substitute for conventional heavy fuel oil. The economics are therefore driven by the price difference (spread) between heavy fuel oil and diesel, not by the underlying price of crude oil.
Whilst the spread between heavy fuel oil and diesel has narrowed, the economics of MSAR production in qualifying refineries remains sound. QFI is in advanced discussions with several refineries who see significant opportunity in producing MSAR despite the 60% fall in the price of crude oil.
Pressure on refinery margins combined with the fall in oil prices have led to a large number of oil industry project cancellations and delays in capex related to diesel refining capacity. This could be beneficial to QFI as a reduction in future diesel supply capacity should lead to an increase the spread between heavy fuel oil and diesel and consequently improve the economics of MSAR production.
A more comprehensive operational update will be provided to shareholders shortly.
Quadrise Fuels International Plc +44 (0)20 7031 7321 Ian Williams, Executive Chairman Hemant Thanawala, Finance Director Jason Miles, Chief Operating Officer Nominated Adviser Smith & Williamson Corporate Finance Limited +44 (0)20 7131 4000 Dr Azhic Basirov Ben Jeynes Broker Peel Hunt LLP +44 (0)20 7418 8900 Richard Crichton Ross Allister Alastair Rae Public & Investor Relations Pelham Bell Pottinger +44 (0)20 7861 3232 Philip Dennis Rollo Crichton-Stuart
This information is provided by RNS
The company news service from the London Stock Exchange
END
SPMEAEADFSFSEFF
1 Year Quadrise Chart |
1 Month Quadrise Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
