Member Info for EmeraldCarrots

be coming along nicely. I presume this tech way of getting the oil from shale will be the most environmentally friendly way at fields with a certain type of shale/oil.
All IMHO.

more than expected, yet the oil price thus far has moved lower. I find it amazing considering Trump froze a load of venezuelan assets yesterday so their problems exporting just got a lot lot worse. Then we have Iran. The market will do the right thing in time i think. IMHO we have got to be going back above $63 at minimum.
All IMHO.

If this is another unexpected crude oil draw then the market will move up............ give it time.
3 reported large draws in a row can't be ignored with Venezuela and Iran oil now just about out of the picture.
All IMHO.

But what crude draw was expected/forecast?

Hello. What's this 1.2 to 1.5 billion barrels of oil "they own", you say. I say that cannot be correct as the market cap is under 7m. With all due respect that seems to be a ridiculous ramp if ever there was one. Possibly illegal too.
All IMHO.

announcement next I presume. This method would have many environmental advantages over the other dirty shale oil methods I believe. I mean you either transport tons of the shale away process it then bring back the shale (so huge lorries, process facility i presume would burn gas to heat up, or some sort of chemical to release the oil), or in-situ which uses mostly gas I believe. Using electricity has got to be more environmentally friendly on would have thought. I guess this method will in time be used at suitable oil fields. I think it will become one of the many ways shale oil is extracted. Proving this up would mean the end of Tomco as in we would bet bought by BIG oil. Current market cap under £6m. Prove it up and what would we get? I guess........... £40m. £40m = sp of 30p plus....... 5 fold ish. PLEASE ANNOUNCE FIRST OIL!!!
All IMHO.

API and EIA reports indicating massive oil stock drawers. Trump has now embargoed Venezuela so oil output from there to get even worse. We have the USA crippling Iran oil exports. We have Libya seemingly a war zone and thus oil exports badly affected. Then we have USA and China in what seems to be a trade war.............. but I suspect an agreement will happen eventually. I believe the API report is due out our time 9:30 this evening and I for one will be watching!!!
All IMHO.

so sp starting to rise on day when FTSE is down 2.3%.
All IMHO.

it's up to $62.84. Was $64 ish before the Trump induced dive.

weeks of large oil dryws in the USA? We are talking North of 15 million barrels here if memeorey serves.
Iran oil export has crashed due to USA as we know. Venezuela appears to be some sort of "basket case" and Libya is too busy fighting. No. My view is it is these reasons. My be wrong. We will see next week.
All IMHO.

brent is at $64.96 as I type this. We have the over supply theorists and the under supply ones.
Personally I think the Iran/Libya/Venezuela missing oil is/will affect the market.
Others think that is what comes out the back of cows.
I think the over supply rumours are what comes out the back of cows.
LOL!
All IMHO.

So does the market think Iran/Venezuela/Libya are the main reason?
If so the price of crude will rocket.
We will see what the judgement is hopefully soon.
More large draws next week and we will have blast off I think, if it does not happen before!
All IMHO.

EIA crude report 8.49m barrel DRAW. Forecast was 2.7m.
Thus I expect the price of crude to increase.
PMO shares should follow.
All IMHO.

Fingers crossed for a massive draw!

Correction.

The API report last night was I think a draw of about 6m, expected about 2.
Last weeks high draws reported on both API and EIA were put down to the hurricane the prev week.
If the EIA report later is a big draw then the hurricane theory will be out thw window and brent on it's way to $70.
All IMHO.

News expected soon regarding the Byotrol surface cleanser trial in the USA at around 250 "Target" supermarkets.
Incidently I was in "Pets at home" yesterday here in the UK and there are loads of Byotrol badged products. They have 370 stores I see.
Interesting times.
All IMHO.

Target. News due any day I think. Fingers crossed.
All IM HO.

I'm thinking the sp should rise soon as the field test personel arrive this week and then the testing starts. Seems likely to me the sp will start to improove soon. We will see.
All IMHO.

That seems to be about right. Next Thursday is the 1st of August. I believe the team arrive next week and the test will start I presume the following week as they said "early August". Makes sense to me. Interesting stuff this using microwaves to heat the oil up.