Member Info for thewackmiester

Thanks mmm
My mistake, thought it was the 20th of this month.

Still not long to wait.
GLA
Wacky

Morning all,
The message from Flagstaff I can believe.
Only 10 working days left until the deadline expires for the sale of Innis trinity.
Has anyone heard anything about Morocco restrictions being lifted ?

GLA
Wacky

Stocks of TikTok suitors hit. https://www.theedgemarkets.com/article/stocks-tiktok-us-suitors-hit-fears-china-block

Any thoughts
GLA
Wacky

Hi all,

I've done a bit of research to what the future may hold in T & T, from Texaco in the 1970s injecting CO2 into wells 32,33, and 34 in the forest reserve Oil Field and various areas of the Oropouche Oil Field, to the source of the CO2, (LCWI installed at Savonetta Trinidad, the first Carbon Dioxide (CO2) recovery plant using a raw CO2 gas supply )(Norsk Hydro/Yara/Massy) and how it was transported via pipeline to the Oil Fields (right-of-way still exists for a new pipeline). https://pdfs.semanticscholar.org/c4ea/f12fe4e9d6e316421310f58161ca6e543498.pdf )

I would suggest you may also want to browse through the Cerm newsletters, they are a bit glossy but they tell us where the project started, where we are going and it dont take a rocket scientist to work out where we are !
http://www.thecermproject.com/newsletters.html

I do believe it is all starting to come together and IMO from the information given to us within the presentation and the clues in the Cerm newsletters, the two future CO2 eor projects are likely to be within the Forest reserve and Oropouche Oil Fields, possibly, could also at some point the Saldado Oil Field.

" Are we finishing what Texaco started" ?

We really are at the cutting edge of a massive, possibly "Global" project.
DYOR

GLA
Wacky

I think your buddies on the bpc board are missing you chesh, you better hurry on back there, they need some guidance on the nodding donkey your bod is on about buying.
So please don’t hang about, there’s a good chap.
GLA
Wacky

Morning all,
Interesting how they termed the word eor “programmes” in the plural,
Are we looking at a three way tie up here ?
This may be aspirations on BPC behalf and in no way am I suggesting that it would be good for PRD to hook up with them, my view on BPC has not changed.
In layman’s terms the plan may be
Massy buy the fields and become owner/operator
BPC supply the manpower to do the well work overs/maintenance etc
PRD supply the technical expertise in running the well.
So who benefits
Massy have somewhere to store the CO2, profit ?
BPC are producing oil, profit for expansion plans.
PRD profit from oil sales etc, but the big bonus for us is entry straight into the Bahamas for eor with BPCs 20 years experience of working with the regulatory authorities.
We do all now know how slow they are in T&T so it may be in our interest not to tell them to go away just yet.

GLA
Wacky

The people of Trinidad have returned the sitting government as of last nights election, let the dust settle on that before we start sucking any lemons.
What a melon :)

GLA
Wacky

Morning all,
Interesting podcast from ceo Simon potter BPC.
Talking about cerp assets/projects, @3.30 into the interview he starts talking about company cash, IMO a bit of a give away how he mentions CO2 before the saffron well development.
Any thoughts ??
https://m.youtube.com/watch?v=g2I-qlOM2ls&feature=youtu.be&t=210

GLA
Wacky

I’m with you on that one Mr MM
I noticed that aswell, however not to be seen as ramping doesn’t the large estimate of TGB -2a have only a 10% cos.(prd management assessment) again not to be seen as ramping I think 10% cos is supposed to be quite good.
Perhaps GRH knows about this, would care to comment if he would be so kind.
But even so absolutely massive.
I did also notice Mr Pilbeam worked for Connoco at some point in his career.
Quack Quack

GLA
Wacky

Morning mr MM
Quack Quack to you to sir

Morning Adonis,
I totally agree with your statement, the investment costs would be enormous, logistical and engineering timelines would be challenging, have we missed this opportunity due to depleted wells and abandonment etc. I don’t know the answer to that, but the opportunity is there for eor and ccs.
As we well know times and attitudes are changing towards fossil fuels and how we look after the planet we live on.
Companies are changing there policies on how they operate and IMO that is why Massy are very keen to hook up with us, if they don’t dispose of the by product co2 responsibly from their manufacturing process in Trinidad I can see the business in a struggle to survive inline with the countries agreement with the Paris accord.
If I can see that then so can BPC and in the negotiations for Inniss-Trinity as we are not footing the bill, Massy are, I stand by my conviction that it will be sold for more than £$ 1.75m.
Co2 eor and ccs is IMO a whole new industry waiting to be acted upon, governments worldwide will be chomping at the bit to get in on the action, not fearful because of the cost to implement, but because of the jobs and the trillions in revenues it will create.
Paul and the team can see this happening, we are a part of making this happen.

GLA
Wacky

Hi all,
This is a very good read regarding North Sea eor and ccs, possible opening for us with our tech in the future ?.
6 billion barrels waiting for eor and and 1 billion tonnes of CO2 for ccs.
Great presentation and blog with Malcy yesterday. https://erpuk.org/wp-content/uploads/2015/10/ERP-DRAFT-CO2-EOR-Report-July-2015.pdf
Gla
Wacky

Hi all,
To the best of my knowledge you can use CO2 as a means to help extract natural gas from wells due to the different density’s of the gasses involved. possibly this is the Method to be used when Paul was referring to Depletion drive in connection with the Ireland presentation/rns ?

GLA
Wacky

Hi Zebra
Agreed, but IMO once the merger goes through there won’t be anything to stop the deal from being accepted On Inniss-Trinity . BPC really are trapped between a rock and a hard place and they will use the monies offered from Massy to help pay for their drill.
Good luck to them.

However Nothing can detract from the fact that we are light years ahead of cerp and bpc and are IMO ahead, of the majors in the carribean area as we have stolen a lead on eor. technology.
Considering the substantial knowledge and expertise from companies the like of BPTT that have in eor. It still does surprise me that it is prd who are at the forefront of the project and not a major.

IMO we really are onto something special
GLA
Wacky

Bit of a unique position really, because whatever the final transaction price may be (I think $1.95m) we won’t be paying for it anyway, Massy will.
Aimho

GLA
Wacky

Interesting that our CO2 and well head supplier have offices and interests in the countries which we may expand into.

Massy Wood Group (Guyana) Inc.

https://www.massywoodltd.com/what-we-do/

https://massygasproductsgy.com/

GLA
Wacky

Did anyone notice this article this morning on lse news.
LONDON MARKET PRE-OPEN: Centrica Sells North American Business.
Energy supplier Centrica is to sell its North American business for USD3.63 billion to focus back on the UK and Ireland.
Am I making a mountain out of a mole hill ?
Ireland ????

GLA
Wacky

Good morning GRH
Well said Sir,
I’m going to do some digging on Guyana, time permitting.

GLA
Wacky

Morning all,
Does anyone have a thought on who the undisclosed Trinidadian financial partner may be ?
I’m throwing my hat in the ring with Massy, our co2 supplier.
My belief is it would make good commercial sense as per Malcys comments yesterday.

“It should also be borne in mind the unique deal with a CO2 supplier who have indicated that they would like to have the opportunity to participate in other opportunities available in Trinidad and elsewhere. There is currently a finite supply of surplus liquid CO2 supply in Trinidad that needs to be directed at potentially the most profitable projects.”

Massy become the operator of the fields, they have somewhere to dispose of the co2 and possibly make a profit and we take the profits from the eor.
Win win
GLA
Wacky

Here miss
Bought 100k
Total holding 400k