Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Are there two bico tenders I missed re analysis...
My bed & isa. All in isa with the rest waiting for boom time. Lol, only been here since 2014.
Or a rollover lol...
The consultant only has/had 4.4m shares, they could have blown through them over past few sessions, the volume went up and the price stayed around the same.
We always say this stock is tightly held and moves on nothing, if that is a fact then where did the extra liquidity come from that kept the price down?
Edit - bed n isa
There is your forward sale CC
Can only post certain info on here m8.
Won't be long.
Sorry last post was for coffee cups
Where do you get this lowest pressure area from . I've looked and looked and can't find any information about drilling to find a lower pressure area
???????
At least our BOD has some serious skin in the game, they are set to make huge amounts out of this
Blue - you do have a good point here, 14 years of investing has thrown up plenty of SAIM CEOs like this other examples are sound energy SOU. UKOG and KDNC the latter is still ongoing - but they all promise ginormous riches but just over the horizon !
(Re SYME, before anyone asks, no I would never touch them with a bargepole and never even tempted)
I'd rather that than some of the snake oil salesman CEOs on Aim and other small companies with frequent RNS's full of wordy promises of future riches beyond your wildest dreams, but which are actually meaningless guff. Eg SYME.
And don't forget that the pesky LTH's pee'd off the Chairman by asking questions about the company !!
He retortedby saying " I don't need to tell you anymore and if you keep asking , I'll tell you less".
Don't forget the Concert Party - group of wealthy investors mainly CEO's family in Kazakhstan also Al Marri in Abu Dhabi, own 50% so free float is limited and when it wants to move it really can.
And large bonuses due to CEO and Chairman if market cap reaches 800m USD (around 26p/sh), so they are rather incentivised to make this work.
They are testing the third zone, assuming it flows and mud weight can be balanced they'll also flow 801, 802 or 803 and apply for another international production licence.
Sleepy, main points they own 99% of all fields ,are kazak nationals so understand the system.
Have drilled 6 deep wells, all blocked due to heat and pressure setting the drilling mud like concrete, now sidetracking horizontally each of them in turn into lowest pressure areas to control the flows
Shallow wells on 2 x oilfields same procedure, they flow easily as no heat and less pressure
Read last 15 rns
Flow rates are going to be interesting and company making, keeping our fingers crossed George
Main deep Well is going on test 08/05/24 so anytime after that
2 x shallow wells about to report 155 on mjf field and 806 on South yelemes field.
Timeline ........ haaaaaaaaaaaaaa, thats funny Ive not laughed so much in ages ... 8-)) some of the LTH on here used to go to primary school together, grown up had kids, divorced, retired and died
Interesting... Will have a further in-depth look today and make a position
Any idea what sort of timeline you guys are working with?
Oh and its potential ........... get a few deeps to flow and an outright sale of .errrr £2.25Bn 8-))
Sunbathing covered in .... AMBRE SOLAIRE Factor 300
He wasn't dead, he was just resting.....
Oh and an oily dead Camel 8-))
Continued ...........
3A Best:- 1347 sq Km contract area under the Total E+P owned Dunga field (15,000 BOPDS) up for sale
West Shalva area:- 25sq Km Exploration licence until 2029 $15m paid in 3 tranches
Additional fields:-
Nsanovskoye Field:- TBC
Tolkyn Field:- TBC
Saztobe Field:- TBC
Tasym and Bekbolat Field:- TBC
Other:-
Mineral extraction: - No details
Wind farms: - No details, wind farm project noted in the 2021 financial statement.
Caspian Explorer:- Awaiting contract details/dates 2024 contract with ENI net profit $15m
CTS LLP:- Caspian Sunrise wholly owned drilling company
Galaz field:- Sold for $100m, Of the $100 million disclosed approximately $50.4 million relates to the equity of Galaz & Co LLP, in which Roxi has a 34.22 percent interest and approximately $49.6 million relates to the assumption of shareholder loans owed by Galaz & Co LLP, of which approximately $11.3 million is owed to Roxi.
In aggregate the share of the $100 million disclosed attributable to Roxi is expected to be some $28 million.
CASP, well it drills holes and extracts oil, transforming from an explorer to production, see below ....
Caspian Sunrise Summary.
BNG:- 1561 sq Km contact area, 40 Km from Tengiz (Nearology)
MJF:- Shallows Export licence to 2043
141:- Spud 2015 depth 2500m Sidetrack commence Dec 2023 27m of stuck pipe
142:- Spud 2015 depth 2500m Dec 2023 new sidetrack, 3 intervals, 1 now flowing at 160 BOPDs
143:- Spud 2013 depth 2750m Tender for pipe lines to GZU Oct 2023
144:- Spud 2017 depth 2750m up to 700 BOPDs 7mm choke
145:- Spud 2017 depth 2750m Workover failed Feb 2024
146:- Spud 2017 depth 2750m
150:- Spud 2019, 1st infill well, up to 500 BOPDs
151:- Spud 2020, 3rd infill well, to be re-drilled horizontal
152:- New well planned as a horizontal drill
153:- Spud 2020 depth 2503m Workover in prog was producing 830 BOPDs 8.5mm choke
154:- Spud 2021 depth 2548m, up to 645 BOPDs
155:- Spud expected Nov 2023 completed Q1 2024 TD 2400m now at 1000m 25/3/24
South Yelemes:- Shallows Full production/export licence to 2046
54:- Soviet sub economic 30BOPD workover Q1 2024 2000m targeting Dolomite
805:- 160 BOPDs sidetrack Dec 2023, 2222m targeting Dolomite
806:- Workover Q1 2024 2000m targeting Dolomite was flowing at 150 BOPDs with 807
807:- Workover Q1 2024 2000m targeting Dolomite
808:- Spud 2017 3200m 6 intervals potential new structure, drilled to 3070m, inconclusive testing, high water saturation, 2 shallow intervals of interest not yet tested
Yelemes Deeps:- 36sqKm Salt layer typically 3000m – 3500m
801:- Sinopec drill, spuded Dec 2014 Drilled to 4950m/5050m? Jul 2015, now blocked, waiting for rig
802:- Stuck pipe , work halted Total depth 4200m flowed at 700-900 bopd 100m earlier than expected looking for partners
803:- Spud Dec 2023 target depth 4200m TD Mar 2024 at 1250m 25 Mar 2024
804:- New well planned
Airshagyl deeps:- 58sqKm Salt layer typically 3700m – 4000m
A1:- Maps only
A2:- No mention on any maps (Possibly old Soviet era well)
A3:- Maps only
A4:- Maps only
A5:- Blocked, 63m interval flowed at 3800 Bopd 19mm choke for 15 days Dec 2017, flowed at 1500 Bopd 12mm choke Feb 2019 for 40 days. New sidetrack from 3769m to 4405m Nov 2023
A6- Drilled 2015 to 4516m Repair required Q4 2023
A7- Paused at 2150m to be continued to 5300m Q1 2024 interval of interest at 4000m
A8- 3 oil bearing intervals, now abandoned
A9 New well planned to find perimeter of Airshagyl TD 5300m targeting Jurassic prospect
A10 New well planned
Block 8 Deeps:- 2823sq Km contract area, cost $60m from future production at $5 per barrel waiting for licence, owned by Procyon investments (Member of the Oraziman family)
Well P-1:- Drilled 2016 Depth 4203m, P1+P2 Combined 110 BOPDs did flow up to 800 BOPDs, Sholkara structure
Well P-2:- Drilled 2019 Depth 3449m Sholkara structure
AKD-4:- Reached target depth 3922m prep for testing Nov 2023 Akkuduk structure
T-2D:- Reached 3408m target 3500m prep for testing Nov