RNS today Another excellent RNS this morning. The future is certainly looking interesting. ATB WR
Kuwait "8 years is more than adequate to deliver. . . At this point, expectations should be “managed”. " A tad unfair I would say . . I think it’s been agreed that no-one saw the Maersk fiasco coming and everyone was hugely disappointed re KSA I agree it’s been a long time but MSAR wasn’t the first attempt at emulsified fuel and imo it was always destined to be a long and difficult road to ‘deliver’ market recognition. Sure the company can be criticised for their lack of business acumen but they never lost faith in their product, it hasn’t gone away or been proved to be unsuitable - in fact through their continued development it is now far more refined and pertinent, as is the company as a whole, than it has ever been before. I see more positives than negatives - now more than ever and personally I blame AIM for their usual ridiculous share price fluctuations and unrealistic expectations. I bought into QFI at 19p late 2014 after seeing 40p + too soon as it turned out - but Rome wasn’t built in a day and it probably took more than the 5 years that I’ve been a shareholder but that time has allowed me to get my average right down and I was more than happy to top up again yesterday - that’s my managed expectations! Each to their own and good luck whatever you decide. Norris 107
Kuwait The delivery from Hartley’s (c/o QFI) has been “imminent” since 2011. 8 years is more than adequate to deliver. At this point, expectations should be “managed”.
Kuwait But surely now, this must be good news for QFI and the winds of change should billow those sails so we can travel northwards. Yes indeed - won’t it be great to be out of the doldrums!
Kuwait Hi Tot - 'Time will tell but I would agree with that this is ‘indeed good news and a big box ticked’. I totally agree:- terence.mcguire: Hawazin is an investor and provider of expert services to the oil and gas industry in Kuwait, owned by Ahmad Al-Otaibi and Faisal Al-Kharafi, and is a major shareholder of Petroleum Dynamics Oil & Gas (PetroDyn). In my day one couldn’t operate in the Middle East without a local partner - it’s still a prerequisite but they weren’t always relevant to the business and often were essentially just a means to an end i.e. the partnership was often a one sided affair with the local partner having little or no input apart from helping to comply with local trading laws and taking a sizeable % of the profits for doing so. The local partner we had for the American Company I worked for was nothing but a constant drain on our resources - I suspect that can still be the case but for me it’s good to see that Hawazin appear to be a very proactive, established and well connected operation - potentially an excellent knowledgeable local partner . Norris107
Kuwait This is very good news indeed given that the agreement to use Aleph as an intermediary was only signed just over two months ago. If our man in Morocco can do something similar we certainly have reasons to be cheerful. Tot
Kuwait I’m reluctant to say this…again. But surely now, this must be good news for QFI and the winds of change should billow those sails so we can travel northwards. Mr P RNS Number : 2911Y Quadrise Fuels International PLC 08 May 2019 8 May 2019 Quadrise Fuels International plc (“Quadrise”, “QFI” or the “Company”) Agency Agreement with Hawazin Regional Trading Company and Memorandum of Understanding with Hawazin and Aleph Commodities Limited for Kuwait Quadrise is pleased to announce that the Company has entered into an Agency Agreement (the “Agreement”) with Hawazin Regional Trading Company (“Hawazin”) and a corresponding Memorandum of Understanding (“MoU”) with Hawazin and Aleph Commodities Ltd (“Aleph”). Hawazin is an investor and provider of expert services to the oil and gas industry in Kuwait, owned by Ahmad Al-Otaibi and Faisal Al-Kharafi, and is a major shareholder of Petroleum Dynamics Oil & Gas (PetroDyn). Ahmad Al-Otaibi, has significant experience in the oil and gas sector in the Middle East and is President and CEO of Petrodyn. Faisal Al-Kharafi is on the Executive Committee of M. A. Al-Kharafi & Sons (a multinational trading company with annual sales of over $5 billion) and Chairman of Al-Kharafi Construction KSCC. The Agreement defines the structure through which Quadrise and Hawazin will work to combine their expertise on an exclusive basis to fast-track MSAR® projects to long-term commercial agreements for the production and supply of MSAR® technology, services and fuel in Kuwait, a country covered by both the Co-Marketing and Project Development Agreement (“CMPDA”) with Freepoint Commodities LLC (“Freepoint”) announced by Quadrise on 30 November 2018 and the Kuwait Services Agreement with Aleph announced on 26 February 2019. Fees to Hawazin under the Agreement are success-based commissions, related to a sliding percentage of gross sales received by Quadrise in Kuwait from the provision of MSAR® technology and services. Hawazin has first right of refusal for any in-country subcontracting or support services required by Quadrise on the basis that their proposal is competitive to the alternatives. The term of the Agreement is 18 months from signature and will automatically renew for similar periods unless terminated by either party or superseded by another agreement. The MoU with Hawazin and Aleph sets out the principal terms and conditions on which Quadrise, Aleph and Hawazin are willing to negotiate binding agreements in order to facilitate MSAR® technology and fuel projects in Kuwait, and the underlying principles on which definitive transaction documentation will be based, subject to contract. The MoU is evergreen, unless terminated by mutual agreement. The signature of the Agreement and the MoU is the first of the defined activities in the agreement with Aleph Commodities that was announced on 26 February 2019 and precede the delivery of a commercial MSAR® project in Kuwait. As a result, Aleph will now be awarded 5 million warrants to subscribe for new ordinary shares in the Company, exercisable at any time until 25 February 2021 at a price per ordinary share equal to the average mid-market closing price per QFI ordinary share over the five days ending on and including the day after the date of this announcement. Commenting on this development: Mike Kirk, Executive Chairman of QFI, said: "We are delighted that following the signature of the agreement with Aleph on 26 February 2019, we have already been able to meet the first of the milestones by signing the Agency Agreement with Hawazin, and the MoU with Hawazin and Aleph. These will enable Quadrise to accelerate activities in Kuwait and progress towards the second milestone of announcing a commercial scale trial project in Kuwait during 2019. Ahmad Al-Otaibi and Faisal Al-Kharafi, are exactly the partners required to accelerate our progress in this important market and we are looking forward to working with them to achieve this." Ahmed Al Otaibi and Faisal Al-Kharafi of Hawazin, said: "Hawazin are pleased and honoured to be partnering with QFI for the introduction of MSAR® technology and business expansions in Kuwait. Hawazin and Quadrise have identified a number of opportunities in deploying MSAR® technology within Kuwait, where MSAR® has obvious economic and environmental advantages over existing fuel sources. Looking at the upcoming growth in Kuwait oil, gas and petrochemicals markets, and the high regional demand for fuels, we believe that our cooperation will add significant value and a footprint in Kuwait that will enhance QFI’s business in the region imminently. We look forward to working closely with Quadrise and Aleph to commercialise MSAR® in Kuwait, and we are confident that MSAR® can be a highly attractive fuel option for power, marine and upstream applications."
Am I wasting my time on QFI And . . .theausterity drive has been recently called off A new high profile NED has been announced Lots of good people that are time wasting if we are here!
Am I wasting my time on QFI N_N - There is an excellent, very informative and current appraisal of QFI in Dustofnation’s latest community Newsletter that was posted on this site ( 4 posts down from yours) :- Latest Community Newsletter: “Quadrise Fuels announces agreements in Kuwait and Morocco, following successful £1.5 million fundraising” Posted March 11 Personally I don’t think that you’re wasting your time but given " I don’t NEED to sell what miserable pickings I have left" - I don’t think you’ll be loosing much sleep either way - read the newsletter and you will see that there’s still loads of potential and grounds to be positive. Good luck whatever you do Norris107
Am I wasting my time on QFI Sagwa, I just love your way f thinking!! Thank you.
Am I wasting my time on QFI nimble nana I just set an amount I was prepared to loose and bought the amount and then left it at that if it goes it goes if it comes in it comes good alls good with the world I never invest where I have no control over I like quadrise product but I have no say in what happens that’s why I sleep well at night night night
Am I wasting my time on QFI I have been out of touch for some time, and rather given up on these for the last couple of years. I don’t NEED to sell what miserable pickings I have left, but am I really wasting it here? I am not looking to invest in an other share on the Stock Market. Finished with all that.
New Director Might there be a director dealing somewhere in the last two days significant transactions? Or is it all OO stock going into ISA’s?
New Director Norris107 “Apart from any defining RNS the next real personnel significance will be, imo, is when we see the company start recruiting again as we did just prior to the Saudi episode.” Norris, I firmly agree and we are ‘recruiting’ This is not a menial secretary that we are ‘recruiting’ though (no disrespect to any secretarial types out there, my company secretary is one of the highest paid officers in the company) This is new NED. One that we certainly did not need four months ago, whilst we were on an austerity drive. It’s happening Norris, now at last, this chap is garnering support in all the right places. His resume tells me that he knows where oil is sold in its various guises(which is important when your product is new so customers get why) who to sell it to, he specialises in Far East, and Far Eastern corporate funding. He knows what makes a market and how to exploit it to best advantage. That just leaves when? I reckon our man is here for early in the piece when the experience is needed to get us over the line.
New Director Hi Fillpot - the ‘day in the life article’ was a long time ago but there’s no doubting his record and experience - my initial reaction was to question his age but as others have noted over on the Tapatalk site, he’s not likely to want to put his good name / reputation to a dead or dying duck - so lets hope he’s not broke and wants to go out on a ‘high’ with his name linked to an ecological milestone. With so many opinions out there and as yet nothing publicly concrete who knows what his defining role will be - again it’s been along time since his BP days and as NED to QFI I doubt that he’s here to get the party started and assume that he’s disclosed that he can bring something significant to the party when it gets going. Whether that’s to address something specific I guess only time will tell. Apart from any defining RNS the next real personnel significance will be, imo, is when we see the company start recruiting again as we did just prior to the Saudi episode. But your right Mr Sanderson seems to be a ‘good egg’ and was recruited at Easter - lets hope he’s worth his fee! All the best one and all Norris107