Hydrocarbon Dynamics Limited (ASX:HCD) Releases March 2025 Quarterly Report
Sales and Orders
Hydrocarbon Dynamics Limited received approximately $165,000 from a repeat purchase order of HCD Multi-Flow from its Dubai-based distributor, Sichem LLC. A similar sized order is currently being considered. In the Cooper Basin, the company quoted around $240,000 for a repeat order to address seasonal paraffin issues. Additionally, HCD sold several drums of HCD Multi-Flow to a Californian company for testing, with potential expansion to 150 wells if successful.
Operational Developments
HCD continues several sales and trials for its products and technologies across Australia, the USA, and Malaysia. Successful viscosity reduction and API increase tests in Kuala Lumpur have led to commercial discussions. Advanced discussions are underway for supplying HCD Multi-Flow to offshore platforms for pour point depression and paraffin inhibition. The North Sea application on a platform experiencing severe paraffin deposition is set to resume operations in mid-April.
Financial Performance
At the end of the quarter, HCD had $687,000 in cash reserves with no debt. Post-quarter, the company received $165,000 from Sichem. Related party transactions included approximately $104,000 in royalty payments and $45,000 in directors’ fees.
Exploration & Corporate Activities
HCD continued assessing opportunities in upstream energy and broader energy sectors, including energy security, technology, and storage. The company is exploring options to finance its existing chemical business through joint ventures and private equity.
Laboratory Testing
COA testing confirmed that the HCD Multi-Flow product stored for three years still meets or exceeds quality specifications across all five tests.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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