People will take positions...5 Sep 2018 17:21
Before the weekend as ongoing news is due: see link below.
'Potential for production and cash flow from Trinidad in the near to medium term'
With regards to the CO2 supply contract, how does this aid Predator Oil and Gas Holdings?
The bottom line is on CO2 enhanced oil recovery, you can’t run operations without CO2 or a supply of CO2. So, through this contract, we’ve secured Trinidad’s entire current surplus amount of CO2 which I would say puts us in a really dominant position to do CO2 enhanced oil recovery in Trinidad.
Without the CO2, you can’t do CO2 EOR operations so that’s why the supply contract is critical and effectively cornering the market for CO2 puts us in a very very strong position.
What are the benefits of accelerating the C02 EOR pilot?
Accelerating project means that we can get approximately a 5-fold uplift in production rates and cash revenues compared to the same amount of investment in infill drilling or drilling two infill wells.
So, again that’s a fairly compelling commercial argument for investing in CO2 EOR because we uplift the production rates and indirectly therefore uplift the cash flow that we can get out of the wells.
https://www.directorstalkinterviews.com/interview-predator-oil-gas-holdings-positive-results-corrib-south-dwarf-everything/412755942