RE:RE:RE:Mozambique Fuel Marking Contractfrs: Maybe no one asked Ringert but ... Mozambique back of the envelope:
EUO’s potential royalty revenue from this Mozambique contract might be around $350,000/yr.
This is based on the historical fee per liter marked and daily oil consumption of around 24,000 bpd.
Reference:
https://www.siliconinvestor.com/readmsg.aspx?msgid=30971468&srchtxt=tanzania Plus an unknown one time Xenemetrix equipment sale value which will not be all that material.
Anyhow, nice that they finally got a contract but it won’t make much of a difference to EUO’s P&L.
In general terms, each and every one of these contracts keeps getting kicked down the road for obvious reasons ... Existing well connected “beneficiaries” of the status quo keep fighting losing the “golden cow”.
How many times have the Philippine and other fuel marking contracts been kicked down the road?
SICPA may eventually reap a lot of benefits but will EUO given the time limitations?