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Many thanks Mr Magoo do your guidance..... a good read indeed :)
Same
Hi magoo, I’ve registered with Finncap but unable to find the note ?
Magoo - are you able to post a link for the finncap note ?
Hi Daz
I'm not too sure what you mean Daz?
As I've pointed out before when the WTI was around the $60 Prd stated that the Pilot was viable only with the use of Fram's losses against spt tax. With the price lower and the budget for CO2 injection lower it may still be viable. Cerp though will only start gaining after about 85days of oil production.
Prd geologist has stated that the best reservoir for CO2 is the Herarra 2 sands and will achieve 50%+ of the recoverable reserves, so 890,000 minus about 10% unachievable = 800,000 in half = 400,000 barrels. This would give Cerp a revenue of £1.2m pa for only 3 years
This estimate is a high guess estimate so my figures will probably be lower
What I am trying to get over is Cerp would be better off with the sale and use it on a more profitable project. The CO2 supplies are restricted to what's left after export.
Bonasse gives revenues at today's WTI of about $45 per barrel
Innis gives revenues of $25 at today's prices.
$4.2m would fast forward a number of projects :-
Saffron development
Middle Cruse additional well
Follow on Bonasse well
Suriname EWT
South Erin project ready drill
Bringing all these forward then the sp might get to the new Finncap level of 12.5p
ATB:))
TXP May go up in about a year once production facilities are installed and they meet their licence commitments.
Upto 2018 Trinidad was the worlds leading manufacturer of ammonia, recently being overtaken by Russia.
Ammonia is mainly used for Potash production and urea.
Trinidad exports most of its ammonia to South east Asia.
There are a few different processes for making ammonia but basically extracting Nitrogen from the air and hydrogen from methane gas. The bi product from the hydrogen process is CO2.
Trinidad produces 5.2m tonnes of ammonia which means it produces 15m tonnes of CO2 most of which is exported not a great deal of it is used for EOR.
The problem Trinidad has it can't get enough methane gas for the ammonia plants and in 2004 a ban was imposed on anymore plants.
The large oil companies are not interested in finding the numerous small pockets of gas known to exist off the east coast.
I can see a large market here looming for hydrogen technology produced by electrolytes using renewable energy with no carbon emissions
Trinidad could then regain its top spot status