From the recently released video of last weeks O&G conference. At abut 19.5 minutes from the slide labelled Serenity: - 13/23c-10 well encountered a sequence of Captain and Coracle Sands - oil confirmed in the interval from 4047ft to potentially 5252ft TDVSS 165 TVD sands in total - Nett oil interval in the Captain sands was 10ft of high porosity (30%) sand and thicker than in the up dip Tain discovery - Consistent with i3e's expectation that the Captain sands thicken to the West of Serenity (as demonstrated by the 150ft of sand seen in the offset 13/23a-7A well situated to the west of Serenity) and if connected to Tain, represents an oil column of 622ft TVD in the Captain sands alone.
@Richken - "clones" of the ELIDZ electrolyte plant making electrolyte using BMN produced Vanadium oxides is very feasible. I thought you were suggesting some kind of just add water "cup-a-soup" type system which I think is less feasible.
just to qualify my last post - you need to remember that there is more to producing electrolyte than just dissolving Vanadium salts in Acid. Whilst the chemistry isn't complex (as I've said before), you still need to effectively - pre-load the charge. So even if you were able to e.g. produce a just add water "mix" you would still need to activate it to make it useable.
@Richken - I don't think the current set up lends itself to "dry mix" production. A just add water variant is the Vanadyl sulphate. If I had to get cheeks - I might say that this is something more likely to be manufactured in the Vanchem chemical plant than the ELIDZ electrolyte facility
@BBN - I don't mind delay. The further down the track BMN are in putting in place the key elements that will underpin their tender commitments (ELIDZ, Vanchem etc), then the more robust their case. You might in a cheeky moment say the Esko process is waiting for them...….
The UET demo battery does more than just showcase UET - it acts as a proof of concept for VRFB more generically. Therefore, whilst I don't disagree that we will likely see UET/BE partnering up to bid on the Eskom batteries, I wouldn't discount other VRFB suppliers also bidding with BMN beneficiated Vanadium electrolyte as part of the tendering process. There is after all plenty to go around.
Norway’s sovereign-wealth fund is embracing renewable energy and winding down fossil-fuel investments. The Scandinavian nation’s parliament voted on Wednesday to instruct its $1 trillion fund to pull an estimated more than $13 billion from oil, gas and coal extracting companies and move up to $20 billion into renewable-energy projects and companies, representing around 2% of the fund. (June 2019...…..)
it's never been a clever business strategy to try and sell widgets if you can't make and supply widgets. If you make what goes into widgets, make the widgets and have an organisation promoting the use of widgets...….. then you know what comes next ….
heartily agree @fatbanker. I suspect just like BMN have been working to secure their position to Tender for the Eskom contract, so others have been working with BE to be in a position to secure the Electrolyte contract.
@BBN - all the infrastructure essentials are already at the ELIDZ - electric, water, drainage, roads etc. That tender has been out months (last updated 17th October) https://www.l2b.co.za/Project/Vanadium-Electrolyte-Production-Facility/22815 by the time the Turnkey provider is chosen it could all be in place. I calculated a Feb21st date when I first read the Tender this morning.
I've put in chemical system pilot plants (akin to the electrolyte plant) in 6 weeks never mind 6 months. Granted it then takes another 4 months to qualify and get going properly, but easily doable. It is very very simplistic chemistry plus effectively a VRFB membrane set up.
stretching that tenuous analogy a bit further...…. you could buy the kit to open a micro-brewery and get it installed and working very easily - it's all of the shelf. Well look closely at the ELIDZ plans - that is a modula design. 4 micro-breweries if you like all in one shed. So not overly complicated to set up