ReGen III Corp V.GIII

50 M CAPEX REDUCTION COMING WITH A SMALL DELAY

[Coralin]

It looks like the partnership with Oiltanking could generate savings in upfront capex of around 50 M USD. Reducing the expected overall capex from 180 to 130 M USD.

As stated by Mr Clarkes in a previous news release , this will be to the benefit to all GIII shareholders by reducing to the maximum the possible dilution be it on the private company level or at the public company level.

Nothing less than an excellent move from this management team even if this could come with a small delay of construction and production of a few months.

All the rest is noise Mr Schoener or Mr Freezer.

[Marphine]

Thanks Coralin. The partnership with Oiltanking is indeed a very important step in de-risking the project, and it creates enormous opportunities in the future (Oiltanking owns and operates 45 terminals in 20 countries). GIII shares should be much higher now already based on the OT and BP partnerships. I think 5$ is a minimum after the financing of the USGC re-refining facility is ok. Any idea

[Coralin]

NOT IF BUT WHEN I think GIII recently adapted the content on their website regarding the Texas project , and the choice of words does not leave any doubts about the outcome ; The project will be located on a brownfield terminal site in Texas City that is owned and operated by Oiltanking North America, and will make use of extensive infrastructure already in place. https://www.oiltanking.com