Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
my take on events are that the flooding is working well.it appears to be better than expectations.to me it suggests a relist price of around 1.2p.as i have a free ride,sitting tight for african oil.nice problem to have. aim being aim,the first week of trading will be volatile to say the least.common sense says cover or recoupe your hard earned initial investment,then decide when you buy your new kitchen or whatever. the new car is a couple of years away.good luck all
poylmer flooding of the minnelusa in the powder river basin showed low gas -oil ratios with oil in the 18-40 api range.the characteristics of the oil had lower than average recovery efficiency or recovery factor.
cationic anionic polymer was used for 5 years.all 4 wells responded.the incremental oil recovery from the polymer flood was
248,500 barrels at a cost of 0.95 dollars per incremental barrel of oil recovered.
th enhanced oil recovery institute ,supported by wyoming state financially is designed to work with wyomimg oil producers to increase oil production ,and as a result, increase tax revenues of the state.large resources of stranded oil is recognised.eori primary application is to look at pressure depletion.methods to enhance production creating secondary recovery using nitrogen injection (no chemical changes in rock induced) enhanced oil recovery in the tertiary involves the change of the chemistry of the system ie co2,polmer,methane,asp microbial or thermal (steam)
eori states, using eor technology could inhance wells and could total more than 1 billion barrels of additional production over the next 20 years.
in 2019 737wells drilled in wyoming.
369 (50%) found oil
271 (37%) found gas
97(13%) dusters
chance of hitting a find 87%
there are 25,455 wells in wyoming. 35 operational gas plants provide 97% of the states needs.
oil production accounts for 2% of usa total.oil production in wyomimg is expected to increase this year to meet an increase in demand.
good question.10p? well the company has re invented itself.ido believe we have been taken for a jolly by jp traynor bm etc?however the assets have not gone away.1 pound per tcf ,long gone.20p .............maybe. shumberlie have not bailed .....yet