Member Info for GraphiteTech

For the pedants previous post should say paid for their share of Deloro.

Mayan have paid for their percentage share of AR surely that’s a Deloro issue. Really any see why you should be concerned though either way. Best advice I could give you is to concentrate on your own affairs.

Great to see the ‘chuckle brothers’ double teaming it on a lovely Saturday afternoon on a share neither have any financial interest in.

Little petal seems even more angry this afternoon than yesterday. Let’s talk when the RNS comes out. Like I say have some herbal tea and just chill out a bit you aggressive little man.

Clear conscious PMSL. Getting a tad desperate, very hate filled and vindictive. Some would say even bordering on libel. Watching you chumps squirm next week will be great.

I know who I would pay attention of, an oil industry professional who works on fields like ours in the USA or a pair of negative troll bashers.

https://www.epa.gov/sites/production/files/documents/21_McCurdy_-_UIC_Disposal_508.pdf One zone in our well holds a higher water cut than the other which is the more prolific production zone. Likely the combined water - oil barrel ratio could be around 3-4x water to oil from the overall production of the well. My 25-45 cents per barrel of water injected into a SWD well is correct and that is what the company will be doing. So $1 per barrel produced or a bit more. WTI @ +$67= NO PROBLEM.

You tell me, the water recording was only given from the single zone if you recall which was the lesser of the two. Like I say you do not have long to wait, lets see and we can have a nice polite chat on Monday. ------------------------ Restoration of production at the Morris1 Well at the Stockdale Field � The Well produced a total of 74 barrels of crude oil at an average of approximately 4 barrels per hour during an 18 hour period over three days � Following restoration of the Well's electric infrastructure, water handling is being added to enable continuous production � Follow-up testing has confirmed significant reservoir pressure at the Well with the static fluid level measured at 110 metres from the surface � As the reservoir is a fractured carbonate, production at the Well is to be optimised to deliver the average field level EUR of over 80,000 barrels per well via an acid stimulation � There are 10 wells within the Stockdale Field suitable for work over; the Morris1 Well being the first well expected to recommence production on the Field

Eddie Gonzalez, Managing Director, said: "The Morris#1 well at Stockdale provides a live example of our strategy to acquire underperforming assets and enhance production by applying new techniques and technologies. Our proprietary technology identified a new formation from which the well is currently producing at a rate of 16-18 bopd. We expect to build on this following acid stimulation and, once the salt water disposal well is brought online, commence production from the Lower Anacacho, which tested over 74 barrels in an 18-hour period. Production from both formations, in our view, will result in a strong and sustainable well and we intend to replicate this across the portfolio of existing wells at Stockdale to build a low cost highly cash generative platform.

It could 3-4x max the amount of barrels of oil produced, could be less we don't know due to not having the well result. Wait till the RNS comes out and we can chat then, I am sure all the detail you crave will be in it and at that stage we can decide if its a problem or not. I can assure it is no problem

Just for example. Sale price per barrel. $67. Lifting costs $20. Margin (net Back) $47. My (little or nothing costs) 45 cents. Cost's if it is been trucked and treated at a water disposal plant $2.50 per barrel. Overall effect on the situation from either scenario---Not a lot. Give it a rest please, I am trying to be civil and engage you in a polite friendly way and you just come back with abuse, are you okay?

Don't get all upset and angry now. I said little or no cost to dispose of our water. I consider sub 50 cents in the region of 25-45 cents to be 'little or no cost', even at $2.50 per barrel and that includes trucking which is a major element its not exactly a problem when WTI is at $67+. Really not sure why you get so angry and aggressive wanting to see the negative in everything all the time is not a good emotion. Have some nice herbal tea and reflect on the fact that the disposal of the water from the well has been well considered, a strategy has been put in place and it holds little effect the commercial production of the well. Hope that's okay and you can accept the point made above in good faith.

Wait and see petal.......

Lot going in Utah BT.

Yes great that the company have the tech and capability to re-work a well that had been dormant for twenty five years that they picked up for next to nothing. Sign of a skilled operator. Thanks for highlighting that point Upside, good man.

From an industry source using a 'in house' process like Mayan intend on a relatively small scale albeit. 'Excluding outlays for its homegrown recycling system, Apache says it costs 29 cents a barrel to treat flowback water. That is a fraction of the $2.50 per barrel it costs to dispose of water using a third party'. Third party relates to trucking and disposing at a treatment centre rather than underground placement in a neighbouring depleted reservoir which they are doing.

My research and contacts which I would add are likely much better than yours Mr Labrat say the costs to dispose are around 25-35cents per barrel of water. Like I said insignificant, a little like the majority of de-rampers on this board.

The previous poster is indeed correct the cost of trucking water and disposing of it can be expensive. He also knows that the company to get around this issue have leased and are putting in place a Water Disposal well on site that all the surplus water will be disposed into at little or zero cost. Got to try harder that than.

That you will, soon be out in the open for all you good boys to read in all its glory. Can we all eat some humble pie then if we have been sat on the other side of the fence.

I am still going for a Friday release by end of week. Last day today to buy Mayan shares at these levels? If David Kahn’s chemistry kit worked it could well be. The stimulation is the most important part of the process and companies strategy. Chemicals they are introducing down hole lower the API make the oil less viscous and it flows easier. That’s the business model. If it works and I think it will you have a different animal on your hands. Not only an oil producer but one whose doing it with disruptive tech. Sets us apart. Don’t underestimate the significance.