Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
can some one explain why they keep on about drilling the penny stone and wingfield when you read below that they have already with drawn oil from them back in the testing days please read below if you have had oil from each why the need to drill or some one just stirring as usual.
further information on wressle
the wressle-1 well was drilled in 2014 and tested in 2015. during testing, a total of 710 barrels of oil
equivalent per day were recovered from three separate reservoirs: the ashover grit; the wingfield flags; and the *****tone flags. in september 2016, a competent person's report ('cpr') provided
independent estimates of reserves and contingent and prospective oil and gas resources for wressle of
2.15 million stock tank barrels classified as discovered (2p+2c). further development of wressle,
including producing additional reserves existing in the *****tone flags formation, is expected in the
future.
Wish my finger would do what the mind is thinking.
2.4 million barrels at 100 dollars is 240 million but at 75 dollars 180 million UJO's share 40% equals 72 million less the 17 million all ready in bank leaves 55 in the future at 75 but if it stays around the hundred then lots more in the coffers of UJO and any new money will be added on when time comes
Sorry I got this totally wrong the Wressle well with 4.4 million barrels estimate at 200 dollars a barrel worth in total 240 mollion dollars at 75 a barrel worth 180 milllion dolats that means Ujo share total over all 72 million dollars at the 75 a barrel leaves 55 million to come could buy out its self Three times with spare to run the business what more could you wish in a company .
For all those Nay and no Sayers here is the situ as so far Wressle was estimated 2.4 million barrels in situ. And from Feb 2021 at 500 barrels a day only 500000 out to date so on the estimate, that leaves 1.9 million to go and other prospects still bubbling along until the ones in power say no so here we hang with good prospects of getting another 30 million plus just for UJO out of Wressle and still some left in the well. cannot fault the business. Roll on some more good news on the way putting the nays out to grass.
S750 yep your right i had a bus ride just to give the liver a break in salou that a nice place and just the right week Blighty is rank since last Saturday but then ai will have to return this Saturday and turn the heating up haha no more chess gin tonics so back to realitiy hey
Too manny gin x tonics that should have said i just seen my years gas burnt off and when I am home it will cost a fortune to heat my place so why is being british costing so much can we not ha a happy medium and let the people live a little
Hey Phoo I am here in Tarragona spain and just watched my gull w
inters gas being burnt in hours with 4 flues st first blast why are the english saving it and for w
hat the rest of the world is burning it double fast we-are being taken for mugs as normal
Looks like this will fo a good job and get the mo
st out of the ground.
When there isn’t enough ground pressure to propel the oil to the surface, an oil pump manually pumps liquid out of an oil well. Oil transfer pumps are powered by a motor that generates vertical motion to drive the pump shaft, referred to as a ‘walking beam.’
Oil transfer pumps are generally utilized in onshore regions where there is a lot of oil, but the ground can’t get it out, and, depending on the depth and weight of the oil, these pumps may deliver one to ten gallons of petroleum with each stroke.
Positive displacement pumpCorken’s positive displacement sliding vane pump cutaway
Positive displacement pumps, unlike centrifugal pumps, do not require impellers to move the fluid. Instead, they use spinning or reciprocating elements to drive the liquid into a contained space.
This design provides pressure, which causes the liquid to flow to its intended location, to push fluid into a confined compartment utilizing spinning components. Positive displacement pumps are designed to transport very viscous liquids at a lower flow rate but with a much higher pressure.
Egdon bought out trading under new name have gorgotton just look for ujo new jv boys
Just a few more weeks and with a 400 barrels a day into ujo coffers what a prospect 400 plus a-day at 100 dollars a barrel any one good a mental sums something like 40 000 a day over the mil in under a month what is not to like just got to get rid of the
whinges on here climate buts and like wise we cannot survive without oil it is not about petrol oil keeps the wheels turnings other wise we a
re all toast or holy ghosts.
Get a grip the RNS says clearly
The operations are scheduled to take approximately three weeks and production from Wressle-1 is expected to be reinstated during late September N the meantime any thing can happen we have to put the plan in and also have a. Fall back if problems occur that is normal in life so why can it not happen to or at Wressle everybody is not foolproof we are all human and prone to errors.
Just wait and see what the next two weeks bring.
Same old whiners on here day in day out and they probably do not have a cent invested in the company.
the company is making money and a sizeable profit on its investments to date
there is a few more possibilities in the pipe line but the downers can not help showing us how the feel.
Oil is here to stay for a long time it is just not petrol only product, otherwise we may have to go back to coal foundries and cast iron pipes. The Gas is better than Coal so the world savers will have to make a choice die in the cold or survive in the warm. or pay a fortune for whatever is out there so only the rich will survive puts us back in the 1800's or further.
What the Greenies have to Offer death by freezing and lack of food. no other Help.