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Date: Wed, 20 Oct 2021 14:21:11 -0700
From: "directory@aicenergycorp.com" <directory@aicenergycorp.com>
Subject: Re: "mass balance" related information update timeline is
 unrealistic
Thread-Topic: Re: "mass balance" related information update timeline is
 unrealistic
In-Reply-To: <00aa01d7c5f4$87cead40$976c07c0$@keitu.com>
Message-ID: <440B66B1-C7AD-0A46-A847-2AA26AB956AA@hxcore.ol>
References: <00aa01d7c5f4$87cead40$976c07c0$@keitu.com>
To: Kathleen Spilman <kspilman@keitu.com>
Cc: "'Kris Keller, P.E.'" <kkeller@keitu.com>, 
	'Fred Chen' <fred.chen9@yahoo.com>, 'Bob Chen' <bchen@aicenergycorp.com>, 
	'John Lee' <jlee@aicenergycorp.com>, 'My John Melk' <jmelk06@yahoo.com>, 
	'Roger Grimes' <rgrimes@aicenergycorp.com>, 'Phillip' <pstack@keitu.com>, 
	"directory@aicenergycorp.com" <directory@aicenergycorp.com>
Content-Transfer-Encoding: quoted-printable
Content-Type: text/html; charset="utf-8"

<html><body><div dir=3D"ltr" style=3D""><div>=0A=
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    	<div dir=3D"ltr">Kathy&nbsp;</div><div dir=3D"ltr">Thank you for your =
reminder, we will have a meeting with RDS tomorrow morning, after which Rog=
or will make plans based on your suggestions<br></div><div dir=3D"ltr">Than=
k you for your reminder. &nbsp; We will contact you before work tomorrow &n=
bsp;(CST)<br></div>=0A=
    	<div id=3D"ms-outlook-mobile-signature"><div><br></div><div style=3D"d=
irection:ltr">All My Best</div><div><br></div><div style=3D"direction:ltr">=
Renee =E2=80=9CSnow=E2=80=9D Melk</div><div><br></div><div style=3D"directi=
on:ltr">AIC Energy Corp.,</div><div style=3D"direction:ltr">dba: SAFuels X<=
/div><div style=3D"direction:ltr">2840 S Jones Blvd, Suite 1</div><div styl=
e=3D"direction:ltr">Las Vegas NV 89146</div><div style=3D"direction:ltr;tex=
t-align:left" dir=3D"auto">Office: (702)685-1118</div><div style=3D"directi=
on:ltr">Direct: (702)508-1908</div><div style=3D"direction:ltr">Email: smel=
k@aicenergycorp.com</div><div><br></div></div>=0A=
    </div>=0A=
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=0A=
<div>&nbsp;</div><hr style=3D"display:inline-block;width:98%" tabindex=3D"-=
1"><div id=3D"divRplyFwdMsg" dir=3D"ltr"><font face=3D"Calibri, sans-serif"=
><b>From:</b> Kathleen Spilman &lt;kspilman@keitu.com&gt;<br><b>Sent:</b> W=
ednesday, October 20, 2021 1:54 PM<br><b>To:</b> 'directory'<br><b>Cc:</b> =
'Kris Keller, P.E.'; 'Fred Chen'; 'Bob Chen'; 'John Lee'; 'My John Melk'; '=
Roger Grimes'; 'Phillip'<br><b>Subject:</b> "mass balance" related informat=
ion update timeline is unrealistic<div>&nbsp;</div></font></div><meta name=
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</o:shapelayout></xml><![endif]--><div class=3D"WordSection1"><p class=3D"M=
soNormal">Please, I need to offer some perspective=E2=80=A6.</p><p class=3D=
"MsoNormal">&nbsp;</p><p class=3D"MsoNormal">I do not believe that it is re=
alistic to expect that my staff can go through over 1200 pages / 290 MB of =
data that constitute the mass and energy balance (that was so big that Roge=
r had to bring a thumb drive with it to our offices only this past Monday) =
and develop case specific utility and feedstock specific data for 9 or more=
 specific phases of operation in 48 hours and get updated numbers back to y=
ou for contract negotiations this week and updated financials.</p><p class=
=3D"MsoNormal">&nbsp;</p><p class=3D"MsoNormal">Not to mention that we did =
not receive the process flow diagrams from Haldor Topsoe for the most impor=
tant case i.e. 100% jet operation (which Kris already took care of requesti=
ng =E2=80=93 we will have apparently tomorrow)</p><p class=3D"MsoNormal">&n=
bsp;</p><p class=3D"MsoNormal">If it is of any comfort =E2=80=93 of the two=
 items Kris and Phil have checked, Kris=E2=80=99 ballpark estimate of the u=
tilities for the SMR have been off by less than 5%</p><p class=3D"MsoNormal=
">&nbsp;</p><p class=3D"MsoNormal">Feel free to call and discuss with me.&n=
bsp; I will still be in the office for the next 90 minutes.&nbsp; We are wo=
rking hard to resend to you as much as we can of the data, contracts, paper=
work, reports etc. that has been requested of me or my staff in the last 24=
 hours to you from our files.</p><p class=3D"MsoNormal">&nbsp;</p><p class=
=3D"MsoNormal">Kathye</p><p class=3D"MsoNormal">&nbsp;</p><div><div style=
=3D"border:none; border-top:solid #E1E1E1 1.0pt; padding:3.0pt 0in 0in 0in"=
><p class=3D"MsoNormal"><b>From:</b> directory &lt;directory@aicenergycorp.=
com&gt; <br><b>Sent:</b> Wednesday, October 20, 2021 12:58 PM<br><b>To:</b>=
 Phillip &lt;pstack@keitu.com&gt;<br><b>Cc:</b> 'Kathleen M Spilman' &lt;ks=
pilman@keitu.com&gt;; 'Kris Keller, P.E.' &lt;kkeller@keitu.com&gt;; direct=
ory@aicenergycorp.com; Fred Chen &lt;fred.chen9@yahoo.com&gt;; Bob Chen &lt=
;bchen@aicenergycorp.com&gt;; John Lee &lt;jlee@aicenergycorp.com&gt;; My J=
ohn Melk &lt;jmelk06@yahoo.com&gt;; 'Roger Grimes' &lt;rgrimes@aicenergycor=
p.com&gt;<br><b>Subject:</b> Re: Questions about Trenton 2+2 Financial Assu=
mptions</p></div></div><p class=3D"MsoNormal">&nbsp;</p><div><div><div><div=
><p class=3D"MsoNormal">Phillip</p></div><div><p class=3D"MsoNormal">Not no=
w ,We can make a one-time modification after the "mass balance" related inf=
ormation is updated.</p></div><div id=3D"ms-outlook-mobile-signature"><div>=
<p class=3D"MsoNormal">&nbsp;</p></div><p class=3D"MsoNormal">Thank you&nbs=
p;</p></div><div id=3D"ms-outlook-mobile-signature"><p class=3D"MsoNormal">=
Snow&nbsp;</p></div></div><div><p class=3D"MsoNormal">&nbsp;</p></div><div =
class=3D"MsoNormal" align=3D"center" style=3D"text-align:center"><hr size=
=3D"2" width=3D"98%" align=3D"center"></div><div id=3D"divRplyFwdMsg"><p cl=
ass=3D"MsoNormal"><b>From:</b> Phillip &lt;<a href=3D"mailto:pstack@keitu.c=
om" style=3D"">pstack@keitu.com</a>&gt;<br><b>Sent:</b> Tuesday, October 19=
, 2021 3:27 PM<br><b>To:</b> <a href=3D"mailto:directory@aicenergycorp.com"=
 style=3D"">directory@aicenergycorp.com</a><br><b>Cc:</b> 'Kathleen M Spilm=
an'; 'Kris Keller, P.E.'<br><b>Subject:</b> Questions about Trenton 2+2 Fin=
ancial Assumptions</p><div><p class=3D"MsoNormal">&nbsp;</p></div></div><p =
class=3D"MsoNormal">Hi Snow,</p><p class=3D"MsoNormal">&nbsp;</p><p class=
=3D"MsoNormal">For the financials for Trenton 2+2 that I am preparing, do y=
ou want me to keep the assumption that Trenton 1 will start up in May 2023 =
and Trenton 2+2 will start up in January 2024?&nbsp; Or should I use differ=
ent startup dates?</p><p class=3D"MsoNormal">&nbsp;</p><p class=3D"MsoNorma=
l">Additionally, do you want me to update the money spent-to-date in the fi=
nancials?</p><p class=3D"MsoNormal">&nbsp;</p><p class=3D"MsoNormal">Please=
 let me know if you want me to address any of these assumptions in the upco=
ming financials.</p><p class=3D"MsoNormal">&nbsp;</p><p class=3D"MsoNormal"=
>Thank you,</p><p class=3D"MsoNormal">Phillip Stack</p><p class=3D"MsoNorma=
l">&nbsp;</p></div></div></div></div></div></body></html>=

