MOU with Merlin Energy Resources



Things are definitely on the up:


Ive just posted this on LSE
Just thinking about the current funding. The last funding was short of the goal (£500k) and no II came on board with any sizable stake. Not a lot has changed from an investment point of view with regards to the risk so will they still be having the same problem with II? What they maybe trying to do is encourage all there new MOU partners to take a stake. If they were doing this and were successful, it may de-risk the investment for the II. I’ve mentioned before VLS did this in July with both BA and Shell adding £2.8m to there £7m funding


More from QFI website on just what our Upstream opportunities are and what work has been done previously in proving upstream capability of the technology

Click on option 3