Petroteq Energy Inc V.PQE

RE:All eyes on Automation and NASDAQ

[BlueMetal75]

I agree completely. Except I don't belive we'll reach 1,000 bbls by year end; I think it will come by end of 1Q2020. In any case, we're only talking a couple month's difference. But I would be very happy to see steady production (and sales) in the area of 500 to 600 bpd by year-end.

Dont forget, per David Sealock, it's not the oil production per se that is going to skyrocket our value as a company. It is the subsequent reserve report, where we quantify and assign value to P1 and P2 resources, using industry standard accounting principles. Don't forget, between Asphalt Ridge and PR Springs, we've now locked up 170 million barrels of resources! We just have to prove we can produce those resources, which is the whole point of the Asphalt Ridge production plant.

Also, we have been promised a conference call in December. It's about time for the company to set the date for it, and make that known to investors.

Everything is looking really good. I only have one big concern at present - how does the company plan to pay for the 3.000 bpd expansion at Asphalt Ridge? If it's by dilution (esp if the share price is anywhere near current levels), this will be absolutely devastating to us long-suffering PQE shareholders. So I'm hoping they're waiting for the steady 1,000 bpd that they can show to the banks and other financial institutions - then hopefully they can borrow the money (on good terms) for the expansion. It would be much better for us investors if they use debt to pay for it, rather than dilution. I hope to ask them about this on the conference call. 

Remains exciting! Good luck to all longs.