Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
did you get that from 'oort' website that is under construction?
https://www.oortenergy.com/products
nick, it triggers me big style as i feel i am being short changed by char. for all the wordage that char have pumped out on their 3 pillars, all it amounts to is buying land in the north of africa where the population density is zero and you can buy a penny an acre. when you put an rns stating they are funding a 'polytechnic' with a company called 'oort energy' who has website that is not fully up and running, it just winds me up even more. for me the rns would have been note worthy if they had a comment from government official, but no. regarding hydrogen use and technology, we are at the early adopter phase, and 99% of what is being put out today won't be there in 30 years.
...and for those that still buy into the solar wind energy net carbon myth - if all these turbines and panels are being manufactured abroad and being installed abroad (just think nord stream), what jobs and energy reliance will this create for the uk? germany, who have the strongest ecomomy in europe, they are knackered just with trebling energy prices. it's looking great for our kids while quick profits are being made on psyence and not on science.
you can't argue against stupidy, especially when the belief system is blinded by greed.
hydrogen is a future fuel, but it's not going to come from solar panels and wind turbines manufactured in china which are fabricated using cheap labour, diesel engines and using coal - and whose 'crabon out put' is worse than buring tyres in your living room.
i think it's too early to read anything from sp - jay said that the equipment wan't fully in place on the 28th of october in latest interview. my guess is they will be getting prepared to start operations later this week/early next week and sp maybe more meaningful. i'm still of the opinion that this is a routine operation of unblocking a well with coil tubing so riding this out to the end irrespective of movement. good luck all!
i think it's going to be more and more difficult for multinationals to go into other countries and control/develop other countries energy resources - russia kicked out the majors and it's even happening the uk with cnooc - opec countries are also taking more control of their reserves and changing the deals on fields held by foriegn countries from ownership to licence holders. alaska is a safe place for the american majors to investment in, particularly when there's a chance of finding elephants that maintain reserves.
....https://www.zerohedge.com/markets/exxon-reports-record-blowout-earnings-stock-soars-all-time-high
.....exxon amassed $20 billion in one quarter.......all that money and how do you protect it from inflation....if only they there was a monster field with a ready made infrastructure feeding into the biggest available market that would look in and increase those profits....and exxon hold 36% in prudhoe bay....just need to sit tight and let things heat up.
i guess the flow rate are needed to confirm cost to bring into production - in one presentation it said that horizontal wells are projected to cost $27 million. @ 1000 bpd, they would need 150 wells, @ 2000 bpd they would need 75 wells, @3000 bpd they woud need 50 wells. flow results are going to be interesting. i'm also guessing the more wells you drill, costs will go down per drill.
it's the scalability, reduced upfront cost and almost immediate return that compares favourably to conventional offshore development producing 150k bpd which requires upfront cost of +$3 billion before any oil can be sold.....and that excludes the additional cost of infrastructure.
something to think about tonight in your dreams Jeffery Hildebrand...bp's oil reserves as a company in 2021 are quoted as 10 billion barrels...panr's field has the potential to be a king maker in the oil industry in the safest region possible serving the largest consumer of oil in the world.
https://www.statista.com/statistics/269394/liquids-reserves-and-production-of-bp/
many thanks brom, wasn't aware of that. i guess taps is another potential investor, but may not be on panr's prefered list as they have no operational experience in developing fields which is something else they are after. hilcorp and panr do look like a hand and glove partnership - my only thought is that hilcrop may not have funds to buy into panr due to outlay of buying into prodhue - it's also privately owned.
looking at all the big shareholders of prudhoe - exxon, conoco and hilcorp (operator) - all will be sat on healthy profits. i think hilcorp would be good choice of partner given they are operting the field adjacent to panr - easy access to equipment and men that could be easily mobilised in developing field - prudhoe was producing 2 mpbd - got to be plenty available infrastructure not in use now that production is 500,000 bpd. i'm also guessing communicatioin must be taking place between panr and hilcorp given that they are using pumping station to sell its oil for this test (which will be metered) so will be getting a feel for the production data as it flows.
a safe bet would be another horizontal drill - they will have a much better understanding of the reservior to tweak and optimise production for the next drill for better results and optimising costs - the 'strong' flow surprised them and now they are talking about 'thousands'....more oil produced on each drill than they were expecting combined with an increase in resources .