Member Info for sn88

Why's the bid dropped on here to 3.01 vs 3.45p elsewhere

Https://www.linkedin.com/posts/cavitas-energy-limited_thor-utah-developments-in-extra-heavy-oil-activity-7367132563204743168-j-xx/?utm_source=share&utm_medium=member_ios&rcm=ACoAABYqEIMBzS8bScRXw6ldfC_IYZ5YUEdorb0

🔥 Mission: Complete a THOR installation in a challenging well with extra-heavy oil where conventional methods were not viable.

🔷 Unlocking Potential: The operator sought to trial THOR’s thermal heating technology to significantly improve recovery rates.

🏆 Success: Deployed remotely from topside, THOR delivered optimal performance, enabling oil to flow more freely compared to traditional steam methods.

What do we think??

Jack, I imagine it wouldn't have even registered a blip on their respective radars

Https://www.linkedin.com/feed/update/urn:li:activity:7338659572372410368?utm_source=share&utm_medium=member_android&rcm=ACoAAAefksIBRP4zxzdtLahU_3Tu4yzb8-xQEos

Hopefully that link works, see the slides at the end of that presentation

Very speculative but from the posts by Valkor on LinkedIn and the materials posted by Cavitas, it does look a lot like HSO 8-4 well, Crownos.

Obviously no proof of that, just comparing topography of the background

We know how attractive our lease is to those in the region.

Market cap of £1.5m vs £billions in the ground.

A pragmatic JV could see this absolutely fly.

Must be AGM time in September? Could be an update there

I still have a sneaky suspicion we'll get notification of a new CEO before the end of the month.

The advertisement for the position on Spinnaker was removed late last week

Why would other shipping companies not act on their own behalf's in time to meet the 2028 deadline?

Other shipping companies aren't going to be sat around for the next 3 years watching MSC and QED play footsie under the table. They'll be exploring their own options

'trial has to start sometime in the next 12 months'

we were told in March that it would be starting in Q2 2025! I shudder to think that we'll be sat here in 12 months time in the same position (on marine)

Personally, I think we get news of the incoming CEO next

I'm hoping that they can spur on the outstanding projects by year end.

Going to need to raise some more funds sooner...

more staff with the same revenue

Purely on speculation that they're no longer publicly advertising the CEO role on with the premier maritime recruiters in the UK could suggest that CEO news is also imminent

From the Cavitas video, I think it's the HSO 8-4 well (from the hills in the background), previously posted by Valkor engineers on linkedin (also liked by Cavitas employees)

Speaking from both sides of your mouth there faceman.. QED have completed a trial in todays news release which is on the way to commercial revenue. They haven't conducted it for the sake of it?

The current SP is below the placing price and people were moaning that QED should have had a placing at 5p

That moaning was BEFORE we had a completed trial.

And yet people are still moaning.

I don't understand what people want, it's laughable?? Progress in the company and an opportunity to top up at 50% discount of what people wanted the placing at.

Just to confuse/excite matters further

The CEO job posting on Spinnaker (specialist maritime recruiters) that has been on there since the the RNS back in May is now no longer up / being advertised

Bad news in the sense they are delayed but confirmation that neither are as a result of QED doing (MSC / Utah), so it's a matter of slipped or over enthusiastic timelines.

The fact they have got Sparkle over the line is a huge boon and both MSC and Utah (as and when they do come) will be transformational.

I think we might have a big end to the year (all in my opinion)

Why would the SP drop over 20% off of the back of that update?

Good that they've given us an update, it was well overdue and goes some way to providing reassurances on each project.

Stocky was right with the Sparkle trial - good research and sounds like pending full results was a success for all. A brilliant piece of progress by the company.

Hopefully the down hole heater has unlocked the wells in Utah as posted last week and whilst none of that is our fault, has slowed momentum somewhat. Hopefully we can get some money out of Valkor this side of the year and kick on next year.

Less said about MSC the better, I think that's a matter of 'this time next year, Rodders'.

I like it