Member Info for Biginersguide

Purchasing a land oil rig requires extensive due diligence across the equipment's condition, the underlying legal/mineral rights, and environmental compliance. Buyers must conduct rigorous physical inspections, legal title searches, and operational audits to mitigate risks.Essential pre-purchase checks include:Mechanical & Equipment Integrity: Complete function, pressure, and load testing on critical machinery. This includes the derrick/substructure, drawworks, mud pumps, and power systems.Well Control Equipment: Exhaustive inspections of the Blowout Preventer (BOP) stack and control systems to ensure compliance with API standard 53 and local safety regulations.Land & Asset Rights: Verification of surface and mineral rights, operator information, and the terms of existing land agreements.Legal & Financial Audits: Review of past liabilities, outstanding royalty payments, and joint operating agreements (JOAs) to ensure the asset is free of unexpected debt.To manage the massive amounts of data in these transactions, buyers frequently utilize Oil and Gas Due Diligence Checklists or hire specialized Rig Inspection Services to minimize costly oversight.

Best wishes on a full recovery Kaeren

Surely B S would have had insurance to cover the drill string snapping?

I'm a new Investor in Thor, and I see there is a requirement to select the dividend currency.

Can any Lth explain how this is done?

For large-scale helium handling, including recovery and liquefaction (like what a company called "Helios" or similar might do), companies commonly use oil-injected screw compressors, favored for their efficiency with helium's small molecules, or specialized gas-tight piston compressors (like Sauer or Bauer), known for extreme reliability and containment, while emerging tech points towards magnetic bearing centrifugal compressors for future efficiency. The choice depends on purity needs (oil-free for cryogenics) and scale, but screw and piston types are mainstays for preventing leaks and managing heat.

Common Types for Helium

Oil-Injected Screw Compressors: These are popular for helium because the injected oil seals gaps (preventing helium escape) and cools the gas, handling its high compression heat effectively.

Gas-Tight Piston Compressors: Brands like Sauer and Bauer offer these, known for robust, leak-proof designs crucial for rare helium, making them reliable for industrial and research uses.

Scroll Compressors: Used in smaller or specific systems, they offer a compact, efficient way to compress helium, with designs adapted for shipboard or specialized liquefaction.

Why These Types Work

Small Molecule Handling: Helium's tiny size means compressors need extremely tight tolerances or oil sealing to prevent massive leaks.

Heat Management: Helium produces significant heat during compression, requiring efficient cooling, often via oil or inter-stage cooling.

Purity: For applications like cryogenics (liquid helium), oil-free options are essential, necessitating advanced oil separation or alternative designs.

Future Trends

Centrifugal Compressors: High-speed magnetic bearing centrifugal compressors are being developed for even greater efficiency, especially in large-scale systems, aiming to solve ultimate oil contamination issues.

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I can't check what the amount was but from memory I think £186.000.

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Think this might have caused the rise.

bg

I see that Qube-research-technologies-limited.html closed their short on the 4th July.

Can anyone explain the prices and the time for the three late trades from yesterday

My thoughts on the deal are that cash must be part of the the terms due to this statement in the RNS.

Completion is contingent inter alia on Pleaides completing a current fundraising round.

BG

Hi duffs55

I have just looked at your satellite link on my 23 inch monitor. and have a very clear image of the whole site.

The flare in my opinion is quite large.

Strange after all the sells. are the MMs accumulating ?

I did a top up today at 18.9 p

Released today on most big news sites

Had to wait 5 minutes on NT to buy on Ha

I see this tender offer as just another Share Buy back under another name. They are reducing

The number of shares by $100m possibly in a very short period, Not from the open market but from investors.

Can someone advise me how to filter WhiteNight. I enter his name as spelt but the software changes the spelling to Whitenight so I keep seeing his posts.

AGM to be held at 9.30 on 15/12/2023

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Looking like an after hours Rns now.

BG