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that video is from 2018 ... since then its been shut down multiple times to redesign the system
since the last re-engineering, they have yet to announce 250 bpd per 12 hr shift for any consistent length of time
I agree that there might be some further modest upward movement in the near term ... and the good news, I think, is that after the 18 month/mass production start ... this will likely go much higher than $3. It's a game changer with unlimited application for both small and large scale markets :)
I agree ... better to have strong institutional interest (as per recent activity after KOL event) than here but I think it'll still be a year or so before this stock really takes off
I reckon you'll need to watch quite a while longer ... this won't go far until actual mass production which is slated for 18 months or more out
What's missing is verifiable news of actual production of oil ...
UTOilMan ... thanks for the link to a 6 month old post ... some good things have happened since then.
Agreed, the massive dilution has/is hurting all us longs
I would note, though, that Blyumkin's shares (he's bought all along the way) are also suffering just like everyone else's
By end of next week, the plant should be running two 12 hr shifts and steadily increasing bpd produced. There's at least a little redeeming hope in there somewhere, eh.
Agreed. Purlucid alone posted a $700k profit last quarter, up from $100k the previous quarter. With Eureka coming on line, possible PFS for Driftwood and results of gold drilling in Fran property, etc., etc. increasing share price should be on the horizon with a steady uptick thereafter
Is that the best you can do? An old March 2018 essay? How about the recently activated Form 10 filed with the SEC??
License sale is very nice but share price appreciation awaits word that PQE itself is actually producing 1,000 bpd ... and is on track to multiplying that system
Great news! Isn't it amazing that another company would agree to pay so much money to a "scam" outfit? https://ceo.ca/@nasdaq/petroteq-announces-technology-licensing-agreement.
You still can't/won't answer my question, eh!
OK, so be it. :)
I get it! YOU can't answer my simple question: What must Petroteq do for you to acknowledge its legitimacy as a company?
nice obfuscation ... the latest video bears none of those qualities
so once again: what must Petroteq do for you to acknowledge it's legitimacy as a company?
well then, what definition of 'scam' are you working with?
Or, to put the question another way, what must Petroteq do before you will acknowledge it's legitimacy as a company?
Curiously, you admit they were producing since you note production stopped ... the video identifies how and why production will now increase ... so not a scam company but the pace of development certainly is frustrating
Nice video out this morning ... with a news release that explains yet another delay in production; two steps forward, one step back. Who knows, they might actually start producing steadily in the next short(-er) while?
https://ceo.ca/@nasdaq/petroteq-invites-shareholders-to-follow-the-molecule
With announced closing of pp for listing of MGX-R, it should proceed to dividend distribution and market trading within the next week or so!
Would like to hear update on their production rate. Last MD&A report (April) indicated that they could lose (or need to renegotiate) their lease if they weren't producing 80% of DQA of 1,000 barrels/day by July 1.
Not sure where you're looking ... an acquaintance of mine from the area just told me "I can report that the plant is running...since my last visit they’ve added lights presumably to run a night crew. The front end of the plant has been streamlined to feed straight from the crusher up the conveyor. (This just from my view from the road, I’ve been watching the evolution of the plant for more than a year now)." This seems to be in line with recent company reports.
500 bpd and counting ...
https://ceo.ca/@nasdaq/petroteq-energy-announces-continuous-production
an exciting year is unfolding ... producing 350bpd now, 1,000 by end of March and 4,00 by end of year ... and here's the link with more info https://content.equisolve.net/petroteq/media/a9bc1245c1b816150e14fa309f4aa53c.pdf
What fun, actually, to see the recent rise in share price and how "sensitively" some people react to any good word on this company
Just curious: What share price, if any, would mean this company is legit and not a scam?
It already files the appropriate SEC forms, etc. So if it gets to 50c or $1 or [name your number] will you agree it's the real deal?
A comprehensive overview of what some call this "scam company" can be found in this recent filing with the SEC:
https://ir.petroteq.energy/sec-filings/content/0001213900-19-002047/f1012g2018_petroteqenergy.htm
let's see why they just halted trading ... you might be right, or not!
my understanding is that MGX-R will trade on the CSE, but US holders of MGX will also get the proportional dividend shares based on previous MGX share amounts.
I'd love to hear something about Driftwood ... PFS was supposed to be ready quite some time ago
Likewise, I'd love to hear update on the Purlucid system that was supposed to be build/installed in Jan ... and whether the future plants are on schedule.
Nothing's for free ... except maybe your continued scam sentiments :)
Zacks has initiated coverage of Petroteq! target price $1.45 ... nice summary research report even if nothing new ...
https://s1.q4cdn.com/460208960/files/News/2019/Zacks_SCR_Research_02042019_PQEFF_Ralston.pdf
Petroteq has an MOU with QEM.AX in Queen'sland Australia. Anyone know of any others?
I doubt any material movement in share price will occur before the AGM (Jan 15?). Until then, we'll keep getting almost daily updates about operations on the myriad projects, but I doubt any of them will be sufficient to change the landscape. The early lithium play has been announced, the bigger projects in other lands will take time, the geothermal doesn't even have contracts in place, MGX-R requires shareholder vote, as does getting rid of Bruner and all his nastiness, the gold play is still mostly just a dream, magnesium awaits a PFS and huge infrastructure development before it turns dollars, etc., etc.
Interesting report, both for what it says and doesn't say. The prospect of 4,000bpd by 3rdQ 2019 is great, but they failed to note if/how much we're actually producing right now. If sp is to rise sufficiently for NASDAQ listing on its own (no need for 1:5 reverse split) you'd think we'd already be on the rise due to increasing revenue ... but all we've seen of late is more shares-for-debt and pp which dilute sp. All in all, an interesting but not very helpful report.
and the evidence you have to support your claim is ...???
report from person traveling to Salt Lake city
... thought about visiting the plant while looking a hiking trails in the area. I contacted Investor Relations and I'm at the plant right now and it is a lot larger in person than in the pictures and there is around 30+ people working at the plant. The process appears legit and I asked about the delays to scaling up the number of barrels per day and learned that there is alot to the process including getting hooked up to a new three phase power line which is six miles away. Currently, the electricity is generated onsite. I'm looking at the oil sand which is solid black just like you dumped oil on sand except it appears dry. I think as the volume of bpd goes up this thing could take off for real.
200 bpd are already being produced ... though I agree the reverse split is not likely to help sp in the longer term
What part of these financials display "grooming"?
are you suggesting that Petroteq is the company in question? If so, do you have any evidence of this, other than that they produce crude oil?
Has anyone heard the date in Sept for the official commissioning of the Asphalt Ridge plant?
Anyone know anything about how Petrobloq is coming along? At one point they said the Asphalt Ridge oil would be sold etc using the new platform ...
Also, Pteroteq owns 47% of Accord Energy ... but I can't find any info on them. Anyone else know what's going on there?
Nice 20% bump today!