QS Energy Inc (QSEP)

[mr_sano]

Don't forget about the new storage facility to house all the AOT units NOT deployed or in some strange limbo-land. Interestingly Qsep has yet to report that the KMCC rig has been returned after 4 years of nothingness. They acknowledge the contract is in suspension and no payments made yet they continue to milk the story like the are about to move it or use it somewhere else. The last Q repeats this smokescreen pattern while management claims it is now open and transparent. LOL!


"Kinder Morgan has expressed interest in AOT operations at one of their heavy crude pipeline locations subject to results of other AOT demonstration projects and has provided the Company with additional crude oil samples which have been tested at Temple University for future test correlation and operational planning purposes. The Kinder Morgan Lease is currently in suspension and lease payments have not yet commenced."


BTW...terms of KMCC lease made it clear KM needed to pay for this demo. Even if AOT did not work.