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mr_sano

01/23/21 11:29 AM

#51029 RE: Flubug #51028

Well they are supposedly in the business of facilitating pipeline flow so less pipelines is not a good thing especially they have been unable to deliver a viable product for two decade while cooking off $100+M in executive comps and bloated overhead...Meanwhile Comrade Biden will pretty much put an end to the Oil and Gas sector so we can go back to relying on foreign oil soon and fighting wars again. Say good bye to $3 gas! Fracking companies will be the first to fall.

zerosnoop

01/23/21 7:08 PM

#51031 RE: Flubug #51028

Not at all. The company hasn't been involved with Keystone for many years now. Plenty of other pipelines QS are targeting, including the current oil partner they are testing with at the moment.

Our demonstration partner has indicated their continued interest in our AOT technology and may consider installation and operation of a new AOT demonstration project if our operational issues can be resolved.












zerosnoop

01/23/21 7:13 PM

#51033 RE: Flubug #51028

Lets not forget the new markets QS can target other then pipelines as per the EVIDENCE from the latest update below

we plan to build smaller scale test units which could be commercialized for new markets such as truck, ship and rail crude oil offloading. These smaller-scale units would allow us to test different materials and different design concepts at a much lower cost than full-scale testing and development. Although the crude oil midstream pipeline market would remain our top long-term target, parties both domestically and internationally have expressed interest in the potential benefits in truck, ship and rail offloading. As noted in an article titled “Crude Loves Rock’n’Rail – Heat It! Bitumen By Rail (Part 2)” (Fielden, Sandy. 2013b. RBN Energy LLC. www.rbnenergy.com/crude-loves-rocknrail-bitumen-by-rail-part-2), there are costly challenges to transporting heavy crude oil by rail. In his article, Fielden estimates heavy crude costs $5.00 more per barrel than light crude due to its high viscosity; an added $3,000 per railcar load at an average 600 bbl/car. While the midstream pipeline market is likely our largest target market, there has always been a plan to expand the application base on our AOT technology. Given the reduced cost, and shortened lead times associated with smaller equipment, we believe these markets should be strongly considered.