Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Bit of despondency here on a blue day, building on yesterdays surprising blue day (in spite of Bond conversion RNS.)
FWIW. Further indications that the GGS is working, can be found by the amount of flaring currently going on.
Eazy is quite right to highlight sustainable increases in Opex for the additional injectates, but for me the interesting (comforting) point is that the amount of gas flaring now is extremely low.
Previously there was one well in May 23, that flared $230k worth of gas, and produced about the same value in oil sales .
That same well in the last reported figures, show a negligible amount of flaring. But similar value oil sales.
(Flaring Factoid Pilfered from Bob on Telegram ;-)
Regarding waxing being a specific issue for COPL, I understand that waxing is common place globally, and there are techniques to manage them. (Perhaps a bit more pressure will simply blow the wax out...) COPL has already invested in mobile equipment to manage build ups.
Lots of us happily invested (just) for 5kpd, and I am pretty sure with the new Capex installed and Opex in place, a clear pathway to that point can be found.
Most 'Post Atomics', never invested thinking we would buy out CUDA so, "painfully" soon. Nor discover a billion barrels, nor sign an LOI with an oil major.
(Pre Atomic investors are on another pathway)
GLA
Did you notice when you click on QTR reports, when the tab opens take a look at the name that appears in the Tab header page...
https://www.canoverseas.com/quarterly-reports/
Hello M8,
Will be sad to see you not posting any more. I guess the time is right to hang up the keyboard and do other more interesting things.
I for one have valued your posts and tips over the last couple of years.
YOU ARE SIMPLY THE BEST.
Stuart.
Quite a telling post from Trans earlier Ashwaldo, seems to confirm my own belief in what his purpose is?
Transhaven
Posted in: AFC
Posts: 865
Price: 16.00
No Opinion
RE: Someone wants our stock!! Today 08:57
Oh come on everyone knows the LSE has paid shorter crews.....
;)
By the sound of the shrills, means Positive Pressure is being built day upon day.
(Think we are at 4mcf+ currently and building...)
VERY, Expensive flaring has all but been halted, which, imho has to be 100% attributable to the new GGS operating correctly.
Some other peeps fishing for the deeps.....
Despite the travel advice it does not prevent you from going there...
"flying to the airport at the Unity oil field (South Sudan) and then crossing the border by land to Heglig in Sudan. The above map (which should be treated as an historical document) indicates the location of these fields"
Judging by his travel itinerary, it seems like he was fairly determined to get to Sudan for some reason....
What could it be for....as you say its no holiday destination!
(I Don't suggest throwing the kitchen sink at this, but if he pulls it off, the SP will go stratospheric.
So the crypto element seems to have been pushed into touch until after they secure the PSA.
The important element regarding negotiations with Sudan to reopen restart oil production are still very much on.
Important to note that this company is "the only one in town" negotiating.
This being the case signatures should be forthcoming....
Tomhuk.
What was striking from that interview was, "we’re the only game in town". Regarding negotiating with local Sudanese gov.
These fields /resources were previously run by major oil companies in the past before "the troubles". Producing 100k+ per day.
No Crypto... :-((
Just OIL :-) at $80 per barrel....