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So am I. This is very good news. If we just signed an agreement with a sales outfit, I would have said that was very good also. But the two companies clearly have a deployment and a customer in mind, and this release will be followed by a contract for the deployment. The terms of which will be outlined in the forthcoming agreements they talked about. The MOU, and a collaboration agreement in June 2024.
As investors, what we want to see is a deployment, good data, and then a contract to outfit the line with AOTs. The release today shows a clear path to this. This is important:
Fantastic.
“Subsequent testing by ATS in September 2014 demonstrated viscosity reductions of 8% to 23% depending on flow rates and crude oil types in transit. In its summary report, ATS concluded that i) data indicated a decrease in viscosity of crude oil flowing through the TransCanada pipeline due to AOT treatment of the crude oil; and ii) the power supply installed on our equipment would need to be increased to maximize reduction in viscosity and take full advantage of the AOT technology. While more testing is required to establish the efficacy of our AOT technology, we are encouraged by the findings of these field tests performed under commercial operating conditions. We look forward to further development and commercialization of our technology.
Let me be clear. I am disputing your claim that the SCIENCE behind the AOT can't work because of some law of nature known only to you and that crude oil is non polar. If the AOT reduces viscosity but fails as a commercial product that means the science was good but the engineering was flawed. This test proved the science and failed the engineering. The viscosity reduction proves your theories to be wrong whether or not the test as a whole was successful. “
You are most welcome As I See It.
More than anyone, I always look forward to hearing your opinion, and reading your occasional posts. So anytime you feel up to giving these guys the business, please do so.
Let's hope QS gives us some good updates moving forward here. I think they will.
Once AGAIN, As I See It shows Sano the door and proves him wrong. Proving that a little common sense and paying attention is all you need to see past the BS that Sano and others continues to put out here. Bravo, As I See It.
A big thank you to As I See It for straightening out the facts (again) and shining light on one of the several liars here.
I rarely check into this board anymore, but how many times will the facts be twisted to into lies? Well it appears quite a lot. I for one am thankful there is someone with common sense, and enough interest to call out these lies.
QSEP makes it clear that the potential customer/parter has seen enough to move forward. At the end of the day, that is what's important. They are obviously satisfied in the results they saw. The test they did for them was pivotal in that both parties are ready to take things to the next level.
If you are a basher, then you don't want to believe the CEO and think he is lying. IF the CEO is not lying, then watch out above because this is going to get interesting. Obviously, I do NOT think the CEO is lying.
I am excited to see what this will be. The CEO is saying the potential agreement is larger in size than TransCanada was. Will it be a larger pipeline? A larger dollar amount? A greater number of AOT's? I don't think what we will see in January will simply be QSEP talking about some potential opportunities, although I hope we will see that also. Based on the updates, I think it will be more material.
The more interesting aspect to me is, will we be able to put numbers on it. What will a potential deal look like? How much revenue could it potentially throw off? How many units will potentially be utilized? What are the growth opportunities with this potential parter?
This will really get exciting if we can put some numbers on it and the stock will likely take off hard if that's the case.
This board matters not. All the battling back and forth is really meaningless. If you are really an investor of any size, you are not relying on a message board for your information. No basher or bull on any message board can keep QSEP from doing well or poorly, it will be in the filings, the PR's and the stock.
Years ago I came to learn that the only power any basher or anyone else has is only what you give them. Now, since QSEP is doing better and getting closer to potentially being successful (once again), they are getting louder and louder, and posting more often same as they've done in the past. Ask yourself why. Why do they appear to be getting more desperate? The obvious answer is they are afraid of being proven wrong. If QSEP is proven successful, they will be made to look like fools. And fools they shall be.
No it is not. Money in the bank is not cheerleading. I 100% agree.
QSEP has gone from sub .10 to $2.00, and up and down a 1000 times between .03 and 1.00. Only ignorant idiots assume no one makes money on a stock that moves that much.
Ignore these morons. Money talks, BS walks!
We will see about that.
And I think you have me confused with someone else. I’m not commenting everyday about Gallagher. But I know he has worked wonders with the AOT just from reading the updates. He has fixed many of the design elements and fixed the short issue they were having. I think he’s an excellent engineer with a perfect background for AOT working for TransCanada and many other large pipeline companies.
I think he is pretty amazing actually.
Sounds to me like you know absolutely nothing.
Amen. Bravo. So have I. Soon I will be a QSEP millionaire, with over a million in profits as I already made over half of that.
This time I’m holding for dollars, and will not sell a share until then as I have no risk.
You won’t make any money listening to losers.
You make the most money in stocks when they go from bad to better. I think QSEP is about to go from bad to great. Let’s see. If you believe anything the CEO has to say then that is about to happen. I went in on the .03 offing pretty heavy and I am now one of QSEP top 20 shareholders. With my gains I have zero risk.
You can sit all day talking BS on a message board but never put your money where your mouth is. Some have been running their mouth for 20 years but have they made any money while doing it? Of course not! It’s all just ego and verbal BS. Money talks, BS walks.
Good luck to you and all QSEP shareholders. I think the next few months will be very interesting.
A great comparison to QSEP is biotech.
Biotech companies do advanced research studies for their drugs and then apply for FDA approval.
If during the trial phases they get results that are less than expected, the stocks tank, but the company does generally not go out of business. They regroup, redirect and go back to the trial phase. A lot like QSEP makes design and engineering changes before going back out into the field and trying again.
If the biotech company gets good results on ensuing trials, their stock skyrockets. If QSEP gets a contract it would instantly validate the technology and the stock would skyrocket on speculation, simply because of the potential revenue it could generate. Very similar to a biotech company.
Having bad trials or tests are not the end of the line. Biotech cos have proven that. QSEP has indeed proven that over the many years it has continued to survive, much to the chagrin of the bears.
QSEP might just knock the bears out if they get a contract. Wouldn’t that be something ;)
Long.
If there is ANYONE on here who has been perpetually wrong Sano, it is YOU.
FACT: As I See It has proven you wrong on EVERY point you’ve ever made.
The beauty of investing in stocks is that companies can get it wrong. They can be wrong, many times, and in the end be RIGHT. Often times, that is what investing is.
QSEP can test many times and not get a contract. Yet finally test and get a contract and win huge for investors. They only have to be right once where it counts, and shareholders can win huge. This is what you discount time and time again incorrectly on QSEP. And why you are perpetually wrong.
This will be my only response to you until QSEP has won and gotten a contract. Which I think will be sooner than later.
How miserable must your existence be to want to sit on a penny stock message board every night and over the holidays in your free time to get your entertainment.
Sad.
Volume is picking up a bit.
Will be interesting if we see a leak of potential news on the partner’s side. May get a lot more volume.
I would not be short.
QSEP up nearly 100% from a few days ago.
.032 to .0579
Amazing how quickly momentum and sentiment can turn around.
It’s so obvious who QSEP delivered an AOT to, yet it seems some can not understand simple english.
Take a guess.
My comments below had serendipitous timing. I had no idea an update was coming.
This update to me is extremely positive. Read the last paragraph. Now there are multiple customers back at the table again as I suspected. And the partner deal they are working on is larger, I suspect much larger, than TransCanada. And it seems to be happening soon.
The TransCanada contract that skyrocketed the stock was for about $12,000,000 in annual revenue (I think, don’t quote me on that). How big is this one? I think it could be a lot larger.
TransCanada I think took close to a year to get done. This one I think was in the works well before we learned of it if the CEO is now saying January.
I think QSEP is about to repeat a TransCanada scenario similar to last time when we saw the stock skyrocket. Especially if the revenue and size of the deal this time is much larger.
Long
I agree. Taking a lot longer than expected, and the wait has been hard, but I’m very hopeful that a deal with the partner/customer is still very much on the table.
We’ve seen these deals take many months. TransCanada took forever. I can’t remember how long but it was many months. I think the exact same thing is happening here. TransCanada was supposed to be a large deal, and according to the CEO this deal is supposed to be bigger than TransCanada.
Long.
Bravo. It shows we should all do our own research and not take any one person’s random opinion as fact. Again, bravo. I particularly liked this part of what you included:
“Heavy and extra-heavy oils are expected to become an excellent alternative to conventional oil in the future, but the complexity of their composition makes their flow under natural conditions —without flow assurance problems extremely difficult—.”
Funny, it seems AOT could be in heavier demand as time goes on.
Well said Sir.
Between having spoken with individuals that worked directly on the field tests, and all of the data the company has published I have absolutely no doubt the AOT works to reduce the viscosity of oil at the viscosity readings the company has published.
Well said. I can’t answer the first part of that question pertaining to the when. After speaking with the CEO I can say I have hope it will not take long. The second part of your question I believe I can answer although things can always change. To produce units I believe they will likely take on a partner who will do the production for them.
Nice move. I bought some as well. I'll keep adding as long as these sellers continue to be foolish. Now sit back and wait for the CEO to execute which I believe he will.
Hah, Manster. Too funny.
Thank you Truth Of The Matter, kind of you to include me on your esteemed list.
I really like how you have used the opportunities to buy shares. Similarly, I recently re-invested a healthy sum into an offering last year based on Cecil and Gallagher's progress and improvements. Cecil knows QSEP inside and out, he knows what needs to be done to make both QSEP the company, and QSEP the stock a success. You and I are 100% on the same page when it comes to QSEP. No doubt it's taken fortitude to wait it out, but I think those that do will be handsomely rewarded. If QSEP sells the AOT in any way shape or form, or if they prove commercial viability in any way the value of the company imho will double triple quadruple, you name it. It's taken a long time and a lot of screw ups and learning to get to this stage, but I do think Gallagher has got it right. For me, despite the design flaws the AOT has been shown to reduce the viscosity of oil again and again during many tests. Excellent results, beyond what even the company had hoped. I have no doubt the AOT works and the tech is sound. But it has had design flaws. Once those are fixed imho it will show excellent results.
I absolutely think QSEP is back on the road to commercial viability given recent announcements. I have made a lot of money in the past with this stock, and I really think it is about to happen again. So I too would like to thank the babbling babblers for some great opportunities. I think .055 or a $20M valuation is dirt cheap if they get just one order, prove commercial viability, get a partnership, or really if anything for this company goes right. I think Cecil has the motivation and drive to get this done. So I think the things they are working on right now are important. Otherwise Cecil imho would not have said this publicly:
You are spot on here, absolutely. After I read a similar statement by you a long time ago I have inquired more about it over time. I found out the reason why they went midstream vs. a smaller pipeline was that at the time there was a lot of shareholder pressure to go for the midstream market. Those conditions do not exist now.
I absolutely believe that if QSEP's AOT were tested on a smaller oil pipeline 4 to 6 inches as you suggest, the commercial adoption of AOT would have occurred years ago. The KM condensate line aside.
I have gathered (thoroughly) that it's not much of a difference at this point. As most of the design changes that Gallagher has implemented I believe will solve the previous design problems. If the hydrostatic test is any indication of the results the AOT will get from the next set of data points (and of the results of Gallaghers design changes), I think we will see just how thorough Gallagher has been.
Well Done Sir. I find the accusation there is no proof in and of itself completely absurd after clearly referencing an actual photo that alone proves the AOT was returned from China. As if photographic proof was not enough, which is simply ridiculous.
Par for the Course! As one would say!
I 100% concur with you AISI, as I too spoke to the company and that same individual you are referring to who provided 24 hour round the clock security on the AOT while it was in China. It was also widely talked about at the shareholder meeting I attended in the United States that there was round the clock security.
In general there is a lot of hate directed at this stock. To me in a way it confirms that QSEP has something that has the potential to be very valuable should the tech be confirmed.
I am very bullish on these shares right now having come back down from .15 and I have been buying. I have spoken to many people and I honestly have no doubt the AOT works. I have no doubt that large oil companies will buy many units should QSEP get any sort of sales contract or partnership for the AOT. There is solid evidence to support the potential demand which I have listed here many times.
QSEP got to $2.00 on mere speculation of a sales contract with TransCanada. If QSEP sells just one unit the shares are extremely undervalued as one unit will ultimately equal large sales contracts. A field test or partnership with a signed contract will instantly make these shares more valuable. I think Cecil can get all of this done and my confidence in him is high. He has already gotten QSEP far with a potential partnership and LOI pending. AOT has gotten excellent viscosity reduction readings on previous tests. I think Gallagher has made the right improvements and corrections so that the next time AOT is on a line it will hit the ball out of the park.
Thank you for clarifying AISI and Myrka, and clearing that up. I know investors like myself that bother to look here appreciate that. Even though to be honest, none of us should really bother to look here.
I honestly think that with the changes Gallagher has implemented, when they test AOT next they will knock it out of the park.
I will add that:
1. TransCanada saw validity enough in the science to put time money and engineers into it.
2. The Chinese Government saw validity enough in the science to put time money and engineers into it.
3. Kinder Morgan saw validity enough in the science to put time money and engineers into it.
4. Cenovus Energy saw validity enough in the science to put time money and engineers into it.
5. The current oil company and new potential partner that is looking at AOT and possibly about to sign a Letter of Intent, sees validity and credibility in the science behind AOT.
I know that the current company looking at AOT did thorough due diligence on the science behind AOT. Fluid Dynamics Expert Christopher T. Gallagher, PhD, was obviously instrumental through this process. Over his career, Dr. Gallagher has brought multiple technologies to the international market, has worked and sold products and services in many countries, and has deep expertise in addressing flow assurance and the complexities of heavy crude oil transportation for one of the largest oil services companies in the world. One of which was TransCanada. From 1996 to 2010 Gallagher served in a variety of roles with Baker Hughes, most recently as Vice President of Technology for Fluids and Chemicals managing a team of 100 scientists and engineers, where he oversaw a variety of product platforms including drilling fluids, reservoir fluids, fluid environmental services, production optimization, integrity management and flow assurance. Dr. Gallagher holds a Doctor of Philosophy in Chemical Engineering from the University of Notre Dame, a Master of Science in Chemical Engineering from the University of Notre Dame, and a Bachelor of Science in Chemical Engineering from the University of California, Davis. He has authored 10 patents and numerous publications in the fields of fluid dynamics, chemicals, as well as oil and gas technologies.
This guy knows his stuff.
Chris Gallagher had this to say about AOT:
They will not pay those fees. Cecil has already been talking with them about it and working it out. They will never pay anywhere near those fees. Temple is their partner and will work with QSEP in a way as not to hinder the potential success of the company.
They only get paid if QSEP is successful, it's as simple as that.
Using Temple to proclaim doom and gloom is a false narrative.
They said they data was good. Everyone knows the data was good. The quotes we’re cited here a million times. I’ll find it and cite the quote again.
The data was commensurate with the lab test, which we know were good from a previous release.
Yet another data point that tells me AOT works.
I don’t think so. The very fact KM was interested, and willing to test and to pay the rest of the expenses including engineers, materials, the cost of using the pipeline etc tells me that this is the 2nd major Fortune 500 oil company interested in testing AOT. It tells me they would have been willing to sign a contract to pay handsomely for AOT if the test was satisfactory to them.
To spell it out for you. It means that should any other test actually work, the likelihood of a fully executed sales contract is very high.
The data on the condensate line was good. And that is amazing considering it was on CONDENSATE. Which is basically a diluent, and not a heavy crude oil which AOT works better on. The data was commensurate with the lab test, which we know were good. Yet another data point that tells me AOT works.
“The operative word “if” pretty much nullifies any positive take anyone could possibly glean from disclosed results. Both TCPL and KM failed. It is also false to say that KM paid for “all” expenses to test.”
Not true at all. In my opinion the test was a success, because they got GOOD DATA that showed us all that the tech works.
I care how much TransCanada paid, and the very fact they paid. Yes, TransCanada paid to test AOT. That’s a fact. And that’s important because it shows that a major Fortune 500 oil company with one of the most prolific pipelines in the northern hemisphere was seriously interested in the AOT. It also proves they would have paid millions to use the technology.
Companies don’t just want to “put something to rest.” That’s nonsense. Multiple oil companies genuinely want AOT to work, and they want to help QSEP to get it to work.
“But this is gaslighting, because the test failed miserably and the unit simply didn't work so who cares how much TCPL wasted just to check it out and put it to rest. “
“There was a reason why Kyte pulled the plug at the PRCI early..”
I don’t think so. What I know, is that there was a ton of rust, and debris and material that made the pipeline unusable for testing. That’s why Kyte took QS off the PRCI line. Not the reason you describe. I don’t really care what some guy at the PRCI supposedly claimed. I’m confident in what I heard from the horses mouth. Period.
That is completely untrue. QSEP and TransCanada tweaked it until they got good results on viscosity reduction when it was working.
GOOD DATA.
High viscosity reduction numbers. This was published in the 10Q. This is one of the biggest reasons I think AOT works.
The problem was that it shorted out.
And we know what the company just came out and said.
THEY FIXED THE SHORT PROBLEM.
Bet against AOT at your own peril.
TransCanada PAID QSEP $60,000 just to test AOT.
Kinder Morgan PAID expenses and covered all costs to test AOT.
TransCanada signed a contract to potentially pay $60,000 per month, per pump station.
That contract if executed would have been worth $12,000,000 a year to start. And that would have been the tip of the iceberg.
QSEP got to $1.00 on the TransCanada contract. Remember that. And that was after all the bad CEO’s and craziness.
MANY major oil companies have shown interest in AOT.
MANY continue to show a strong interest.
Oil companies will continue to work WITH QSEP to get AOT right. Clearly, even though three oil companies have done tests to check the viability of AOT without results it has not put off the many other oil companies who need the technology to solve real world pipeline problems. And every oil company that has tested with QSEP is still in communication with them monitoring their progress. Keeping an ever watchful eye on a technology that could help them solve real problems they have.
It’s should be clear and obvious at this stage that a failed test is not mean the end for QSEP. Oil companies will continue to test and work with QSEP to get AOT right.
TransCanada will be back.
Kinder Morgan will be back.
Cenovus will be back.
They will all be back if and when AOT has a successful test and efficacy has been proven.
And they will be placing orders. Big orders. Orders that will make your head spin and wonder how this little company is making hordes of cash.
History does NOT always repeat itself. Especially in the stock market.
“If at first you don’t succeed, try try again”
I believe the AOT works.
Ok ok. I can’t believe what I’m reading. So now a contract to sell AOT is possible??!!
WHAT. THE. HELL. IS. HAPPENING.
So now, not ONLY is a sales contract to sell AOT is POSSIBLE, there is “trust much of that activity is taking place”???!!!
What does this even mean?!
have got to be kidding me. This, ladies and gentleman is absolutely hilarious!
And, it’s the biggest joke and mia culpa I’ve ever seen.
For 20 years it’s nothing but a made up law of Mother Nature, a scam, an insider enrichment scheme, a cash burn, and bankruptcy is imminent any minute now!, and a thousand other reasons why QSEP and AOT will fail TOMORROW.
And now commercial adoption could actually take place. What?
Wow. Just wow.
“No operator is buying the magic pipe anytime soon unless it’s used as some green publicity stunt to make it look like they have a first commercial adoption by a major player. I trust much of that activity is happening now”
I'm not so sure. Cecil pads the timing. The next engineering call probably already happened. Anyway that update was over a week ago now. Cecil isn't going to give updates in real time. He's knows that things always take longer so he likely won't write about something publicly in an update unless it's already happened, or about to happen. That's my thought. This isn't the same old same old.
Contract I would agree normally, but imo things will move a LOT quicker this time around once they get going, if they are actually happening. There is a plan.
In other words, other than my little trade I did I'm not actively trading this anymore. Too risky. You could wake up one day and there could be news. But, I'm secretly hoping others do sell it down so I can add at better prices.
IMO there's no more messing around. Cecil means business this time. He wants to show all his skeptics what they missed out on, and he wants shove QSEP's success in the face of those that dethroned him.
It's going to be awesome if he does.
We shall see.
Mmm. Wait, you mean just like EVERY unprofitable tech company on the Nasdaq?? ALL of which make a big fat goose egg $0, and burn so much cash that make QSEP’s 100M look like pocket change? They pay insiders through the wazoo, they pay for stock options, they pay millions to lure high engineering talent, they pay for lavish employee benefits, company cars, apartments, travel, private jets, and so many benefits and other “perks” they make QSEP look like thrifty penny savers!
SHOPIFY
UPSTART
SNAP
PINTREST
AFIRM
DATADOG
CAR GURUS
UBER only last year started making $
LYFT
NFLX FOR YEARS before they turned a profit. One of the best stocks you could have ever owned.
TSLA FOR YEARS (which only recently started to make money) also one of the best stocks you could have ever owned.
Just to name a few out of hundreds!