(Alliance News) - Quadrise PLC on Monday said its full-year loss widened as expenses grew, and warned investors that there was uncertainty over the firm as a going concern. Read More
Quadrise PLC - London-based residual oil technology that produces synthetic heavy fuel oil MSAR - Provides an update on its fuel trial in Morocco, saying it remains "in close touch" with the client and notes that the client team and operations at the fuel trial site were not directly affected by the recent earthquake. Says it continues to monitor the situation closely, with a Quadrise team now on site installing and commissioning the replacement pump. Says the trial will re-commence at the next available client production window, which is now estimated to be early next month. Read More
Quadrise PLC - London-based residual oil technology that produces synthetic heavy fuel oil MSAR - Provides an update on its fuel trial in Morocco, saying it remains "in close touch" with the client and notes that the client team and operations at the fuel trial site were not directly affected by the recent earthquake. Says it continues to monitor the situation closely, with a Quadrise team now on site installing and commissioning the replacement pump. Says the trial will re-commence at the next available client production window, which is now estimated to be early next month. Read More
Quadrise PLC - London-based residual oil technology that produces synthetic heavy fuel oil MSAR - Says site licence agreement with Valkor Technologies LLC for heavy oil project in the US state of Utah now is conditional only on Valkor's receipt of project finance of at least USD15 million. The comment by Quadrise comes after a decision by the Utah Board of Oil, Gas & Mining on Wednesday last week to not grant a unitisation request by Valkor. This would have treated the pilot drilling area as a single unit with closer spacing of wells. Valkor says the regulatory decision doesn't harm the primary project site development plan, nor its ability to raise finance. With a drilling permit expected to be issued by the Utah Department of Oil, Gas & Mining in early September, the financing is the only remaining condition for Quadrise to award the conditional site license to Valkor. It expects Valkor to start heavy oil drilling activities in the fourth quarter of this year. Read More
(Alliance News) - Quadrise PLC on Thursday said it is yet to find sufficient evidence of an oil deposit to support the unitisation plan as part of its project with Valkor Technologies LLC in the US state of Utah. Read More
Quadrise PLC - London-based supplier of MSAR and bioMSAR emulsion technology, fuels and biofuels - Updates on its fuel trial in Morocco. Says combustion at 100% unit load was achieved, but adds that it was not possible to complete the test at full load due to a progressive decline in fuel pump performance. Notes the pump was replaced with an identical spare unit this week, but similar performance issues were experienced at full load, indicating a design issue with the pump units at high pressure. A replacement pump with an alternative design is being sent to Morocco for installation later this month. Trial is now expected to be completed in early September. Read More
Quadrise PLC - London-based residual oil technology that produces synthetic heavy fuel oil MSAR - Open offer of shares at 1.25 pence each gets acceptances for 67.6 million shares, 38% of the 175.9 million shares on offer, raising GBP840,000. Together with its share placing at the same price, Quadrise raises GBP1.9 million in total. The cash will be used to progress operations and active projects and strengthen its balance sheet, the company previously had said. Read More
Quadrise PLC - London-based innovator and licensor of residual oil technology, which produces the synthetic heavy fuel oil MSAR - Says it has conditionally raised gross proceeds of GBP1.1 million. This is after a placing of 88.0 million new shares at a price of 1.25 pence. Expects to raise up to GBP2.2 million in additional gross proceeds via the launch of an open offer to qualifying shareholders. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
Quadrise PLC - London-based innovator and licensor of residual oil technology, which produces the synthetic heavy fuel oil MSAR - Intends to conduct a placing of 140 million shares at 1.25 pence to raise no less than GBP1.0 million. Also launches open offer to shareholders of up to a maximum of GBP2.3 million. Says fundraise is to progress operations and active projects and will strengthen its balance sheet. Read More
(Alliance News) - Quadrise PLC on Thursday said that its paused project in Morocco will resume "at the next available opportunity", following the arrival of its necessary parts and spares. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More
(Alliance News) - Quadrise PLC on Monday said it reached a site licence and supply agreement with Valkor Technologies LLC for the use of its MSAR and bioMSAR technology at Valkor's heavy oil asset in Utah. Read More
(Alliance News) - Quadrise PLC on Thursday announced a joint development agreement with BTG Bioliquids BV to use fast pyrolysis bio-oil technolgy as a cost-effective and renewable fuel source in its bioMSAR solution. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
Quadrise PLC - London-based innovator & licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR - Says first phase of engine testing with Vertoro BV joint-venture confirms material improvements in efficiency and emissions reductions with bioMSAR fuel. Says it has produced stable blends of bioSMAR containing up to 40% of Vertoro's crude sugar oil, which shows energy efficiency improvements of 7%, resulting in reduced fuel consumption and lower carbon dioxide emissions. Quadrise and Vertoro have been working together since September last year to develop a cost-effective supplement or alternative to glycerine in Quadrise's bioMSAR fuel. Read More
Quadrise PLC - London-based innovator & licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR - Says the industrial demonstration test has started this week in Morocco in line with the client's production schedule. Says the personnel at the client site confirms the MSAR and bioMSAR fuel quality and fully commissions its pumping and heating unit at load. However, says while running the client's initial unit warm-up sequence using MSAR fuel, a mechanical component in the PHU fails, which had reduced the "available unit load achievable from the Quadrise burner". As a result, Quadrise says it is unable to finish the testing during May as originally planned. Says the parties agree to pause the trial. Read More
Quadrise PLC - London-based innovator & licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR - Provides update covering progress on each of its key projects. In Morocco, says the industrial demonstration test is now scheduled to commence in May. Upon success, the parties will enter discussions for potential commercial supply, with a view to signing a fuel supply agreement in the third quarter. Adds discussions with third party fuel suppliers for the proof-of-concept and letter of no objection trials on board the MSC Leandra are progressing positively. Says the intended outcome of these discussions is to conclude a tripartite agreement between the supplier, MSC and Quadrise as soon as possible. Further, in Utah - Quadrise and Valkor are finalising terms for the supply of a licence, services and manufacturing unit to enable Valkor to produce MSAR and bioMSAR for the first project, and conditional sub-licensing of the technology for other heavy oil projects in Utah. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Quadrise PLC - London-based innovator & licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR, formerly known as Quadrise Fuels International PLC - Says new company name "Quadrise PLC" has now been formally registered at Companies House. The change of name took effect on Tuesday. The company's ticker has also changed to 'QED' from 'QFI'. Read More