Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Speel. I have never professed to hold inside information.
But data on WYOG does strongly indicate new GGS is working as it should.
Now working, oil production can be ramped.
If being positive about your investment, and wishing the sp to rise gets .e into the ramping team then I do not mind being the biggest ramper...
Looks like Uncle Tom and Garry fisherman are on overtime here.
Mr Ts predictions (and others) are of course dependant on the start of increased pressurisation. What is clear to me is that increased pressurisation has started and critically flaring has stopped.
If you wish to factcheck then look at the published data on WYOG site.
So the clear inference is that GGS is working as it should. Beyond this it's simple combination of physics and chemistry to increase oil production.
MrT, liking your "Lint" analogy, but prefer if the word started with Cu..
Chin Chin from Berlin...
Nice Post Mr T.
It will be nice to hear some official clarification on current and future status. Given the flaring rates are minimal and the injection rates increasing can only mean production is on an upward trend.
Fin no need to perpetuate mindless thread topics...
Another good thread regarding other companies investing and proving up large oil discoveries in PRB, being surpressed by puerile posts...give it up ffs!
Interesting that PMEs ate also being discovered in PRB Stas.
Could COPLA also go into mining ops???
It heartens me greatly to see that flaring excess gas has almost completely stopped.
This infers that the new GGS is fully working, if it was not working then the volume of flared gas reported each month would continue to run into many $100k per month.
Last reported period it was negligible!
Just increase the pressure as planned, and more oil flows...
Is that fracking simple?
Are you feeling the pressure building Gregorio...
Gas gathering Sytem seems to be working well. Injection rates up and almost no flaring of excess gas.
Next thing you know we will be over 2kpd. And into going concern teratory....
Hope your short burns that little ass of yours!!
"The guy has zero credibility and anyone defending him is suspect."
Is this a quote referring to Trans?
If so I agree with it. He's not invested, probably sold out at 1.5 and crying every day since....
For general consumption these were the dates of previous production updates
August released on 2nd October (35535)
September released on 30th October (34438)
October released on 22nd November. (33903)
November could be released anytime from 2nd of December to end of December.
GGS fully installed, Injection rates increased to 4mcf/day, and importantly flaring is now almost negligible.
I am confident that November production will show further improvements, and as the injection rates increase to 8mcf/day we should reach beyond previous highs using the old under spec GGS system.
Lets see????
Agree with the frustration BB, however I would welcome the slightly cautious initial ramp up in order to maintain H+S credentials.
But all seems to be going well. Flaring is now almost negligable so no wasted cash burning excess gasses. All are being captured and re injected saving us millions of £ per year.
It will be a great day when we hear that bond interest is being paid with cash rather than shares.
Maybe that day is not so far off. I think the target is to get to 8mcf injection, so we should see some significant uplift in production.
And with OPEC expecting to deepen production cuts can only help with price of oil.