The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
That’s a 35% increase not 135% as reported. Still good news when the gas gets pumped out and sold on the market.
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https://arkadin-event.webex.com/arkadin-event/onstage/g.php?MTID=e46465f54907e0e61ad6ac2a6c759f6d4
Glad PB are out - I'm in for another 32,368 - it's coming home! (Sorry)
https://en.wikipedia.org/wiki/Ultra-high-temperature_ceramics
Ultra-high-temperature ceramics (UHTCs) are a class of refractory ceramics that offer excellent stability at temperatures exceeding 2000 °C[1] being investigated as possible thermal protection system (TPS) materials, coatings for materials subjected to high temperatures, and bulk materials for heating elements.
http://blog.toyota.co.uk/mirai-marathon-maps-uk-hydrogen-fuel-future
Just listened to the interview, RP's excitement simply bursting out and why not, as he owns a fair chunk and will be the first to know how these events will directly affect his personal wealth!
:)
I cannot believe how quickly these guys have secured the leases, drilled the well, ok it was a drilled and plugged well but who cares, and are already in discussion with potential buyers to secure a purchase agreement!
Before these announcements we had NO IDEA that a nitrogen play existed and that it will have such a huge impact on HNR's future.
AMAZING!!!
If the nitrogen allows HNR to reduce the cost of DTU (which it will) then more operators will be happy to try it on their wells. Once we have enough feedback and positive responses (which we expect) then expect a long of queue of operators wanting some DTU action! Prices can then be raised to satisfy demand. It’s a win win situation to be in and is definitely the start of DTU uptake!
What an amazing company we have here, continually surprising us with new ventures, developments, strategic investments and slowly the jigsaw puzzle is getting solved with all the pieces falling into place!
I was able to purchase today thanks to those short sellers keeping the price down and am looking to make a significant purchase (by my humble standards!) by the end of the week.
We are expecting news on a number of fronts:
ED drilling completion due end of this week
Nitrogen lab sample report - any day now, expecting 95% nitrogen composition
News on 2nd drill on nitrogen lease
New CO2 lease - expecting lease ratification within 2 weeks, in the RNS today there were some insights into HNRs master plan:
"this carbon dioxide project, together with its recently announced nitrogen discovery, could significantly bolster the Board's portfolio of well productivity solutions and assets"
"CO2 is used in a broad range of applications, as described below, and the Board will commence discussions in due course with a range of potential end users to fund any drilling activity. Producers are often able to negotiate take or pay contracts and pricing floors to ensure recovery of their investment in CO2 supply sources."
"Highlands is advancing commercial conversations with a range of oil and gas operators and service providers to commercialize DT Ultravert technology, potentially supported by its own 800-acre low-cost nitrogen exploration project in Kansas."
I haven't even mentioned the helium project, WD and of course DTU which in my opinion is lining up nicely for commercial release shortly.
So anyone who has any doubts about where this is heading either needs to go and read the RNS' carefully or think really hard about their investment strategy.
Couple of financial reports by Ozzy registered company operating in California, who have partnered with Mr Dero Parker (owner of the operator of the leases RBD are interested in) http://sacgasco.com/wp-content/uploads/2017/03/2017.03.31-ASX-SGC-2016-Annual-Financial-Report.pdf http://www.sacgasco.com/wp-content/uploads/2018/03/SGC-Annual-Report-2017.pdf The retention of the experienced Sacramento based operating capability provided by Dero Parker’s Integrity Management Solutions, Inc proved to be extremely valuable in the drilling and subsequent testing of the Dempsey well, and various production improvement initiatives. The Peregrine acquisition, along with the acquisition of additional producing and idle wells, has added significant tangible value to Sacgasco. This approach delivers to Sacgasco critical and hard-to-replace infrastructure and access to further gas exploration prospects ranging from single digit Bcf-to Tcf-scale. The Board believes the next 12 months will be a period of growth for the business as we accelerate the development of our world-class natural gas assets in the Sacramento Basin. Sounds like a compeling endorsement to me and should hopefully provide the same level of potential to RBD as well.
Does anyone have any thoughts as to why the well was previously drilled, plugged and not produced from?
Interesting article, shows how lucrative this market could be and also could attract an early buyout if the output is good (IMHO before anyone accuses me of ramping! https://www.google.co.uk/amp/s/mobile.reuters.com/article/amp/idUSL1N10N12B20150813
I was just thinking of possible options for ITM/PHE. It does seem unlikely but ITM do need a cheaper form of electricity in order to bring their hydrogen costs down. I think the fuel station market for ITM is a niche side project (due to lack of demand) while their main bread winner will be pumping hydrogen into the gas grid for the move off natural gas to hydrogen mix for the residential market. This could also be an area for PHE to compete in. If we believe the costs are far more competitive then it's a no brainer. Talking of Nikola - I agree, it's better if Keith contacts them directly and I emailed him earlier asking if he would make an introduction. Really hope something comes out of this - could be a match made in heaven!
REDT - have a look at this: https://redtenergy.com/wp-content/uploads/images/redT_energy_product_brochure_feb18.pdf