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Yes, at stockdale with a natural flow rate from one formation of around 16-18BOPD, once the upper and lower formations are comingled we should be into the 20's pretty comfortably. Then its time to implement the second phase of the plan and David Khans know-how. I know that implementing the processes that Khan brings to the table has shown 4 times improvement in lab settings and at other oil fields similar treatment has resulted in 3 x uplift in production and a steady state of production not too far off that. Completion of comingling of zones and David Khans treatment I would expect over 50bopd, and quite possibly 75bopd. This would indeed be the proof of concept that Eddie is striving for and what is in store for not just the Stockdale field but also Forrest Hill. There are many naysayers still, my money is on Eddie and David to deliver. Its easy to forget that there are now a number of wells which will be available to go after with this respect.
"Petroteq's oil from its oil sands is a high quality heavy crude oil with low sulphur content, low heavy metal content and no waxes or paraffins. With high concentrations of the very valuable diesel fraction hydrocarbons and aromatic hydrocarbons, the quality of Petroteq's oil meets all refineries' specifications and quality requirements." IF you are familiar with oil projects in the US (and I am in in the Rockies where the pipeline is) , then you will understand that a 10% discount is the norm. Standard practice. How else do the pipelines make money to maintain the pipeline. The rest is normal business as a back stop. Do not see what the big deal is, seemingly a lack of understanding, nothing more.
Donavan Cameron, Firebird's president said, "Petroteq's oil from its oil sands is a high quality heavy crude oil with low sulphur content, low heavy metal content and no waxes or paraffins. With high concentrations of the very valuable diesel fraction hydrocarbons and aromatic hydrocarbons, the quality of Petroteq's oil meets all refineries' specifications and quality requirements."
Someone having kittens again. I guess the next month will only show who is right and who has done their homework. Ratty Tragic calling short 0.3 and yet MYN are doing the walk. Good times.
The asphalt Ridge project and Ip is held in the company that Deloro own a percentage of and therefore MYN. Quite simple. Eddie and Dave sorted MYN out, Dave is connected to all of MYN, Deloro and Petroteq. The timing of the deal is great for MYN just as oil starts it�s upswing from the lows. Interesting that the temple mining lease also known for uranium and Vanadium, they used to dig it out with pick axes lol
There is only a handful of ROKE tools in the world and MYN has one of them for Forrest Hill and Stockdale. This fact alone tells you Eddie isn't sitting on his hands, there is a lot going on at MYN. It's the little details that seem to go over the head of some trolls and Asphalt Ridge would only have ever been a pipe dream for shareholders such as MYN's if it wasn't for Eddie and Dave, let alone at such a great price. You wait to see what others are going to end up paying to enter this asset. You really need to look at not just the asset at Asphalt Ridge but also the GREEN technology. I feel that not many have noticed the fact that the oil sands technology does NOT require air pollution permits. SAY WHHAT??? yes people, the authorities as well as industry experts are now realising the credentials of both the asset and what the technology brings. Look at all the environmental problems surrounding oil sands all around the world such as Canada for starters. It is not easy to satisfy the authorities regarding green credentials so this is in fact an enormous step. The technology is indeed included in the deal and if you do your homework (which doesn't just include keyboard warrior status) then you will be surprised and comforted. The last four years has been a coming of age for Petroteq and MYN are going to ride the coat tails as the exposure of what they are capable of becomes apparent to the world. GLA.
Nice update, expect Forrest Hills update not too far away. Keep on posing Tragic, been doing great since 0.3 :-)
Wasting your time! Focus on what�s going on with the assets
Doing nicely!
Progressing nicely! Good stuff Eddie
Yep its difficult, blockchain baby!
ONL hold 18% of ADVFN = approx. �2m. Capped at �1m. Now changing to a blockchain company!
That's the wrap!
The deal hasn't suddenly stopped. Yesterday RNS poorly written but confirming the actual suspension date due to enquiries. It is, as stated, in last weeks half yearly. Taking longer that's all
the rto will result in a strike price for the asset. GW in at 0.13.......sets a bottom. All you need to ask yourself is do you think the incoming asset is a good one. Uk onshore gas look at his private companies just saying!
any consolidation will be dealt with as part of the rto. You wont lose anything, the share price and number of shares owned all change by the same factor
The things to consider are this 1) GW has �480k invested at 0.13 2) GW could have paid himself the �480k out of the placing money, but he didn't. WHY? 3) GW put INFT on the clock of his freewill. WHY? 4) GW has stated Uk Onshore Gas, now where would he know or get this asset from? 5) GW salary in terms of other AIM companies is shoestring. WHY? the answers to the above are pretty dam obvious. Its all been about conserving INFT as a shell to put an asset that he has into INFT. The cash has been held in the company for the very same reason. Now why are people deramping the heck out of this to the death? The answer is they are sick puppies. Self gain and they actually think GW will complete the RTO. They however want in as cheap as possible. That isn't a ramp, just a reflection on the team effort to get people to sell this down hard. GLA!
And that said poster, he is ahem, naughty, to be very polite!
Its make your mind up, are you in or out? There are a number of people deramping the hell out of this, Ask yourself why?
High grades 3300g/t gold 900g/t silver 28% Zinc 20% lead 7% copper It's ridiculously good. Are there any companies on AIM with those high grades?