Tomco Energy Share Discussion Threads

[goulding1215] 28/6/2021 09:27

Good summary Vauch.

[vauch] 28/6/2021 09:15

Well a lot of info will be out on the 30th
Petroteq bidder.
Greenfield 6 month extension.
Feed Study.
Quadris investor presentation.

[wilson2] 28/6/2021 09:09

And rmart sells

[wilson2] 28/6/2021 09:08

Tomco is finished, it will never get a share price higher than this, and like eventually will die

[goulding1215] 28/6/2021 09:06

Late June/early July. These things never appear exactly as forecast, but in that time/scale when it arrives it will Make for good reading.

[hotfinance14] 28/6/2021 08:38

Goulding :

The FEED study will be finalised following the Company's and Greenfield's review with the third-party verification exercise on the process also nearing completion, with all planned on-site activities having been undertaken. It is therefore currently anticipated that the FEED study and the third party verification work will be finalised by early July 2021

[lopodop] 28/6/2021 08:25

Fingers crossed! Why - Investors are realistic and intelligent. No evidence to lift the share value. More doubts than assurances. Another dreary week for Tom has begun. More investors will drift away.

[goulding1215] 28/6/2021 08:05

PQE working overtime with good news for Greenfield on MSAR. Agree with rmart hoping for flow of good news. Pre FEED should should be reported at end of June (this week)

[talais] 28/6/2021 07:51

Oil at $74.20

[talais] 28/6/2021 07:32

Might get rns before presentation. Gla

[ducky fuzz] 28/6/2021 07:27

Such as ..

[rmart] 28/6/2021 07:26

I am very hopeful the start of some very nice news flow will start this week. Fingers crossed

[busamitch] 28/6/2021 07:16

They've got an investor presentation on Weds so may get a few more snippets:

[talais] 28/6/2021 07:16

https://twitter.com/PetroteqI/status/1409201888248184832?s=20

[rmart] 28/6/2021 07:07

From QFI today.

- Utah - Greenfield samples taken and should be shipped to Quadrise this week. Once received at QRF, confirmatory Proof of Concept testing should complete within 3 weeks for both MSAR(R) and bioMSAR(TM)

Utah

As previously noted, the Commercial Trial Agreement ("CTA") with Greenfield covers testing at the Petroteq Oil Sands Plant ("POSP") located at the Asphalt Ridge Facility in Utah, USA, which is managed by Greenfield. The first phase of the CTA ("Phase 1"), for which Quadrise is being paid $150,000, includes:

-- Proof of Concept ("POC") formulation and test work at QRF using oil samples supplied by Greenfield.

-- Loan of Quadrise MSAR(R) commercial production equipment, test equipment and supply of additives.

-- Supply of specialist services and personnel for the commercial scale demonstration trial to produce 600 barrels (100mt) of MSAR(R).

The POC formulation and test work, originally scheduled by the client at the end of 2020, was reliant on representative heavy oil samples being received at QRF. These were unfortunately delayed due to various external factors affecting the start-up, commissioning, permitting and operations at POSP.

These issues have now been resolved and Greenfield have indicated that samples have been taken and should be available for shipment in June 2021. Once these have been received at QRF, we expect the confirmatory POC testing to be complete within 3 weeks for both MSAR(R) and bioMSAR(TM).

Pending the successful completion of the POC testing, Quadrise will work with Greenfield to review and advance fast-track plans to complete Phase 1 at the earliest opportunity. The objective is to progress to commercial MSAR(R) production at facilities capable of treating 10,000 barrels of oil per day ("Phase 2"), including a conditional MSAR(R) licence to Greenfield subject to commercial agreements.

[wilson2] 27/6/2021 09:12

January 4th that' when it was going to 10p remember that ducky

[ducky fuzz] 26/6/2021 21:49

Soon be Monday .. and I'd like to think a nice positive RNS.

[busamitch] 26/6/2021 16:57

Lost73
@Lost7310
Are you guys doing any work in the Canadian oilsand areas?

4:41 PM · Jun 26, 2021·Twitter Web App
PetroTeq Energy Group
@PetroteqI
·
3m
Replying to
@Lost7310
Hello Lost73 the plant is currently in Vernal in Utah processing oilsands

In Utah the oilsands is oil wet in Alberta Canada the oilsands are water wet, but the patented technology CORT can process both, but are not currently in Canada as the plant is applying a 30 day prove run.

[busamitch] 26/6/2021 16:39

99% Recoverable solvent?



"PetroTeq Energy Group
@PetroteqI
·
1m
PetroTeq Energy Inc.

In Process of recovering oil from oilsands and expanding production capacity at Asphalt Ridge.

Low cost operations with largest expense the Solvent which is 99% recoverable which is reusable in process.

$pqe $pqeff $oilsands #pqe #pqeff #pqcv"

[talais] 26/6/2021 13:46

Valkor and Petroteq have entered into a technology license agreement.Leveraging CORT: Opportunities beyond Asphalt RidgePetroteq has recognized further CORT growth and value potential beyond oil sands production by PetroteqValkor and Petroteq have entered into a technology license agreement, which provides for Valkor to pay Petroteq a license fee of US$2,000,000 per oil sands plant in two payments with 50% payable at the start of construction of a plant and the balance payable upon first production. Valkor shall also pay Petroteq an amount equal to five percent (5%) of net sales from production at a plant.Valkor, together with its joint venture partner, Tomco Energy plc, have upgraded Petroteq's existing oil sands plant to increase plant capacity and reliability for continuous operations at up to 500 barrels per day as part of a larger FEED study for a proposed commercial scale 5,000 barrel per day plant design. This design could be utilized for an expansion of Petroteq's existing oil sands plant to potentially up to 5,000 barrels per day and for other similar plants worldwide.TomCo is a UK listed company that, together with Valkor, has established Greenfield Energy LLC to seek investment opportunities in the oil sands sector. Greenfield is funding the current upgrades to Petroteq's existing oil sands plant. Upon successful completion of the testing of the upgraded plant and FEED study, it is Greenfield's intention to offset upgrade costs against the US$2,000,000 fee that will become payable by Valkor to Petroteq pursuant to the License Agreement as described above.

[talais] 26/6/2021 13:46

Valkor and Petroteq have entered into a technology license agreement.Leveraging CORT: Opportunities beyond Asphalt RidgePetroteq has recognized further CORT growth and value potential beyond oil sands production by PetroteqValkor and Petroteq have entered into a technology license agreement, which provides for Valkor to pay Petroteq a license fee of US$2,000,000 per oil sands plant in two payments with 50% payable at the start of construction of a plant and the balance payable upon first production. Valkor shall also pay Petroteq an amount equal to five percent (5%) of net sales from production at a plant.Valkor, together with its joint venture partner, Tomco Energy plc, have upgraded Petroteq's existing oil sands plant to increase plant capacity and reliability for continuous operations at up to 500 barrels per day as part of a larger FEED study for a proposed commercial scale 5,000 barrel per day plant design. This design could be utilized for an expansion of Petroteq's existing oil sands plant to potentially up to 5,000 barrels per day and for other similar plants worldwide.TomCo is a UK listed company that, together with Valkor, has established Greenfield Energy LLC to seek investment opportunities in the oil sands sector. Greenfield is funding the current upgrades to Petroteq's existing oil sands plant. Upon successful completion of the testing of the upgraded plant and FEED study, it is Greenfield's intention to offset upgrade costs against the US$2,000,000 fee that will become payable by Valkor to Petroteq pursuant to the License Agreement as described above.

[talais] 26/6/2021 13:06

https://d1io3yog0oux5.cloudfront.net/_37644aa4f7f795dc6cbcc2fe2184d3de/petroteq/db/227/3165/pdf/Petroteq-Presentation-2021.pdf

[talais] 26/6/2021 13:05

RE: FULL WTI PRICE PAID26 Jun 2021 12:36That alone should push the sp, and reading a report on the website states with this process there is no decline in production, if the plant products 500 bopd it will do this year in year out . So it is very simple to work out yearly profit, that also will make it easier to set up a debt facility. not like in and oil and gas well, where you get about 60days down time and decline in production.https://d1io3yog0oux5.cloudfront.net/_37644aa4f7f795dc6cbcc2fe2184d3de/petroteq/db/227/3165/pdf/Petroteq-Presentation-2021.pdf

[talais] 26/6/2021 12:36

FULL WTI PRICE PAIDToday 09:18For all the doubters about the oil quality.SHERMAN OAKS, CA / ACCESSWIRE / June 17, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") ??(TSXV:PQE; ?OTC PINK:PQEFF; FSE:PQCF), a ?company focused on the development and implementation of its proprietary oil-?extraction ?technologies, is pleased to announce that the oil produced last week at Asphalt Ridge (the "POSP") Petroteq's oil sands facility was sold and collected by a buyer last Friday as expected. The buyer was only able to load 200.52 barrels of crude, owing to trucking weight limitations. The buyer paid West Texas Intermediate ("WTI") pricing of US$70.91 per barrel for the 10.2° API heavy sweet crude oil produced by the POSP. Transport costs of US$13.00 per barrel to the refinery in Nevada reduced the net realized price to US$57.91 per barrel.So there we have it, we get full wti price less shipping costs. I would bet on higher production the shipping cost will be a lot less.Wti now $74https://ir.petroteq.com/news-presentations/press-releases/detail/381/wti-price-paid-for-the-first-truck-load-of-oil-produced

[talais] 26/6/2021 12:36

FULL WTI PRICE PAIDToday 09:18For all the doubters about the oil quality.SHERMAN OAKS, CA / ACCESSWIRE / June 17, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") ??(TSXV:PQE; ?OTC PINK:PQEFF; FSE:PQCF), a ?company focused on the development and implementation of its proprietary oil-?extraction ?technologies, is pleased to announce that the oil produced last week at Asphalt Ridge (the "POSP") Petroteq's oil sands facility was sold and collected by a buyer last Friday as expected. The buyer was only able to load 200.52 barrels of crude, owing to trucking weight limitations. The buyer paid West Texas Intermediate ("WTI") pricing of US$70.91 per barrel for the 10.2° API heavy sweet crude oil produced by the POSP. Transport costs of US$13.00 per barrel to the refinery in Nevada reduced the net realized price to US$57.91 per barrel.So there we have it, we get full wti price less shipping costs. I would bet on higher production the shipping cost will be a lot less.Wti now $74https://ir.petroteq.com/news-presentations/press-releases/detail/381/wti-price-paid-for-the-first-truck-load-of-oil-produced