Member Info for dai2belts

@DJ, your a farm machinery man, it seems they use hydraulic gearboxes as PTOs ?

They never said which component, only its related to the engine, provides power to the rig, and is in the Main carrier..

Interviewer for some reason prompted a question with " in the engine"... did they say mechanical too ?

The manual gear box powers the wheels, I dont believe it provides power to the rig via a pto..

The manual gearbox is connected via a clutch to a hydraulic drive

In the spec listed with the carrier components, and directly driven from the engine is a hydraulic gearbox(splitter/pto) with 5 pads or mountings for outputs to power hydraulic drives..

So that is a possible common point of failure for the whole rigs hydraulic power, other than the engine, or fuel pump or key

Me, I am a bum, and gambler, I keep a seat warm and lose money

I bet, its a harsh environment, probably dusty too...

Long shot here being QED...

Price was nearer 2p june, with a little help from news flow to get the funding through, so x3 to recover

April to May about 1.4p, x2 to recover

Market is showing no confidence in getting over the line with the Morocco trial with 3 component failures so far which I suspect were all the pump, and a failure to progress all other news... makes you wonder why MSC supposedly bought that ship and had it fitted out for testing..?

Sounds like 3 pumps..

............................

1st pump, not named as the fault..

May,,, whilst running at 100% a mechanical component in the PHU(pump, heating unit) failed "progressively"

June,, The previous demonstration test at the client's site in Morocco was paused after a mechanical component in the ""fuel delivery system failed progressively.""

..............................

Aug, Test recommenced, 2 more pumps..

Combustion at 100% unit load was achieved, but unfortunately it was not possible to complete the test at full load due to a "progressive" decline in fuel pump performance. The pump was replaced with an identical spare unit this week, but similar performance issues were experienced at full load, indicating a design issue with the pump units at high pressure.

......................

Now they have a different design of pump....

If this stage passes it will lead to another phase of testing, which supposedly will lead to commercial contracts...

So if this pump holds and the test passes there could a sustained rise as speculation kicks in they can get Morocco over the line.. or just the relief of not having a 4th pump failing

So worth watching for a successful update,...

That job, you certainly earned it :)

@Tro, not sure I would describe you as hot, but the rest fit lol

I thought you might mean that, ..

It amazes me how they can get those pipes to drill vertically down, then run horizontal for thousands of feet..

Must be some forces in play especially around the bend

I thinks its about 1200m, maybe 1100m not sure..

and those seismic maps depths are shown in milli-seconds, unless stated otherwise, so we can only estimate from those

I believe it was Mike who designed the phase 1 open hole drilling program, then it was to be an exploration well followed later by an appraisal well if successful.. This time they must have the casings ready for production testing..

I doubt it, but wonder if they have the perforation equipment at hand...

Mike said in once they log the well and determine a discovery they will case it to surface,

Incoming news will be He1, on restart of drilling, probably have the traders looking to pick up again sub 4.5 looking to sell at 5p for 10%..

88e has just dropped below mid to buy 0.324p, will it go as low as 0.32p, bid ticking up to 0.35, offers a sell

https://invst.ly/11pd-5

Have they actually highlighted any targets, other than stating the karoo..?

LBE HNW TR1 today, increased their holding from 6 to 7%, so added about 570,000 shares, maybe picking £10k here and there.. lunch money for him

LBE just 56m shares too, big RBL from JV..

Maybe its worth list shares with news coming up, I think BCE might have a pump going in reading the BB, seen a mention of 900 bopd, with a MC of £23m today.. not sure about debt..

Should look at what LBE has coming up, 17p MC £10m,

What news is pushing the price for BCE ?

I think they are going on the chart, as I was using it as a guide for a bounce...only a couple were automatic trades..

the BB is just bickering about OMJ, guess who ?

Are you still holding 88e?

Tro, Was that cnbc ?

Looked like it clipped 25%, just need Mischief to say he sold the peak...

28p was available for 16 seconds, from 1st buyer

Were buys, a whole load of buyers on 28p, so traders are watching like hawks

https://invst.ly/11pcbu