Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Slowly…… climbing to the day’s high.
Strong afternoon ahead
if we make just 8 with 2 compressors that will be a huge bonus for the share holders , next month is the one to watch
If we expect delivery of the 2nd compressor in early Dec. 2 questions for any engineers on here:
1. The sidetrack should be complete before 9th December. Can we install and commission the 2nd compressor whilst the final works are been completed on the sidetrack.
2. How long does it take to install and commission the 2nd compressor.
noel I now it's confusing, but if you just remember that bumfluff = bs lol, the space left for a 3rd compressor is the booster incase pressure drops in future
BF, I understand your conservatism but GL has just specified 'up to 12mscf by January 2023' so that is now what the market should be expecting. Q1 could be 31st March which is 3 months further out.
I can concur that the 2nd compressor and Booster compressor are different items.
SORRY - read BV as BF !!
BV. - RNS does say :
“Second Compressor, Side Track and Booster Compressor”.
Bottom wiper wrong again, the booster is the 3rd compressor to be used in the future if the pressure drops, try harder lol!
we will be massive cash cow come Jan 23. that is the simple summary. 6p or 10p plus. Take your pick.
I wouldn’t want to be out over the next 4-months.
Noel: The "Booster Compressor" IS the 2nd Compressor. It's not an 'additional' item above and beyond the anticipated Dual Compressor capability due for January.
In addition, after reading the RNS more closely, GL states Side Track will be 35 days..... BUT he also says there are additional tasks to compelte....hence why it will be more like going towards 50 days for getting 2nd Compressor actually fully working.
So we can expect additional flow rates around Q1'23
I wouldn’t want to be out over the weekend.
The RNS forecast of 6mmscf/day (1.87Mtherms/month) from say mid October will be enough to cover the Q4 hedge (1.75Mtherms/month).
The H1 2023 hedge at 10.5Mtherms + 2.25Mtherms (deferred) will average 2.125Mtherms per month hedged - which will be easily covered by the anticipated increase in production from 2nd compressor and Sidetrack.
Maybe as high as 12mmscf/day = 3.733Mtherms/month.
Then there is to come the “booster compressor”
What’s not to like??
I have used the gas prices from the ice.com, the flow as published in the National Grid report and the same underlying figures from Angus' Valuation Report as previously stated in the thread 'Flow for yesterday' (on the 23rd). For clarity, gas prices are not published for Saturday or Sunday so to plug that gap, I have used the Friday figure.
The point I am trying to address was that raised by WG and that Mercuria could hold us to the gas prices for the days on which production was missed. There have been no details shared for the nature of the deferent but this is a possibility.
The period up to and including September 2nd saw us build up a potential shortfall of £9,324,358.
I was going to share the figures for revenue we have generated since production started but I realised I massively undersold us, so I'll tidy them up.
Despite the number above we are looking in good shape, in my view.
I'll share all of the figures I've used for info/verification purposes once I've sorted them out, so you lot can mark my homework!
Another positive is that,we already have all the infrastructure in place also got storage facilities.
And as per RNS, we are already selling gas!!!!!
What not to like here??
Let the mms settle their books.
Once mms have settled their books,this will start moving again!!
Or has it started already?
Fire away Howey
I have done some work on calculating the potential impact of Mercuria imposing the gas prices applicable on the days where production hadn't started or has missed the hedged amount.
Is anyone interested in what I have found? It feels a little less relevant in light of the RNS this morning.
This one well is enough to take our mcap above 100mil. And we will be drilling more soon!!
Dyor,hold tight.
GL said he won’t sell but I’m sure certain companies could be looking to tempt him after this RNS
With nord stream problems,gas prices are expected to go much much higher.
And this little gem will be thriving along!!
Cheers.
The hot news is
The side track is expected to be spudded around 20th October with drilling operations expected to have a duration of no more than 35 days excluding well clean up and completion work. Simultaneous operations are permitted but we have allowed for two twelve-hour shut-in periods during this period to undertake critical works and enable certain equipment to be moved on site.
24 hours combined shut in required as precautionary. Not 2 months. Big difference and huge news.
Obviously the 'up to 12mscf' comment refers to the sidetrack being successful but it does look like it's more of a case of when and not if for the 2nd compressor so 7-8mscf it's certainly doable in the near future.
Great news. Also looking to crank up to 6 in October which looks like full capacity of the compressor but again great news and this delivers some unhedged receipts.
It's going in the right direction and so is the SP now.
Anyone care to speculate as to what a successful sidetrack might bring in, production wise?
Progressing nicely...12mmscfd by Jan just as gas prices really take off.Some juicy profits coming our way!