The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Can someone explain how there we only 3,760 million shares sold on Friday but 14,857 million were bought??
(I may not have got all the shares sold yesterday on the LSE Web site!)
In 2007, when the shale revolution was still in its infant stages, the U.S. oil and gas industry was already producing more than 20 billion barrels of waste water per year, according to researchers at the Argonne National Laboratory (“Produced water volumes and management practices in the United States”, 2009).
The industry’s daily output was 5 million barrels of oil, 67 billion cubic feet of natural gas, and 55 million barrels of water, according to federal government statistics.
Argonne estimated that more than 7.5 barrels of water were produced for every barrel of crude, and 260 barrels of water for every million cubic feet of natural gas, based on state and federal records for onshore oil and gas production.
If offshore production is included, the figures drop slightly to 5.3 barrels for every barrel of crude and 182 barrels for every million cubic feet of natural gas.
But all these numbers are likely to understate the water-to-oil and water-to-gas ratios, since some of the most important states, including Texas, did not report their production statistics in sufficient detail to compute ratios accurately.
In 2007, when the shale revolution was still in its infant stages, the U.S. oil and gas industry was already producing more than 20 billion barrels of waste water per year, according to researchers at the Argonne National Laboratory (“Produced water volumes and management practices in the United States”, 2009).
The industry’s daily output was 5 million barrels of oil, 67 billion cubic feet of natural gas, and 55 million barrels of water, according to federal government statistics.
Argonne estimated that more than 7.5 barrels of water were produced for every barrel of crude, and 260 barrels of water for every million cubic feet of natural gas, based on state and federal records for onshore oil and gas production.
If offshore production is included, the figures drop slightly to 5.3 barrels for every barrel of crude and 182 barrels for every million cubic feet of natural gas.
But all these numbers are likely to understate the water-to-oil and water-to-gas ratios, since some of the most important states, including Texas, did not report their production statistics in sufficient detail to compute ratios accurately.
Drilling into the TOROK zone, which should take 2 to 3 days, could be very interesting. There is oil everywhere on our site. We have found oil in the NANUSHUK zone, and now we are looking at TOROK. I am sure we will find oil there as well. Will it be enough to make it viable, well who knows? If the seals on this zone are intact and the oil has not migrated elsewhere, we may have a very good result. Any play with oil is a gamble and this drill has all the making of an exciting ride. Good luck to you all.
88 Energy had a post this morning that we had passed the first level where we would hope to find a whiff of oil, prices went down as you would expect. Later in the day the prices rallied. I can't prove it but I don't think we will be in the area where we could get a sniff of oil until late tomorrow or the next day.
I don't know why people can be bothered to spread lies on these boards, they must need a life , as to making money buggering about I just don’t get it.? I can understand if you have a small pot of money and your trying to make it grow, the reality is the odds are against you in most cases. Strangely enough I think that we have a very good chance of hitting the big time on this one. The odds are better that a Casino but unfortunately the odds are still not great, but this could be life changing. Good Luck to us all!!
I have heard on the grapevine that they have demolished the old Zephyr Cams building on the roundabout near Lowestoft. I used to own it along with a buisness partner, had many years of great fun there and used to go to Southwold often for dinner and to entertain customers. Great place to visit especially in the spring.
Will we be entering the SEABEE TURBIDITES late tomorrow or is it the day after?
Jon, if you play with the big boys in the American Markets, then hustlers, cheaters and low life have made buying and selling shares and options into a profession. They even have slots on prime-time television peddling their garbage, fleecing beginners and the unwary. It’s an art form.
In the UK we have our fair share of hustlers, and we have a really fast way of loosing all your money by being lulled into “No Tax to PAY on Winnings” with Spread Betting.
The hustlers on London South East are so obvious that I am sure even the beginners with this share cannot be fooled by them.
Normally I would not touch shares like this in a million years, but I already had money on this share from Puntland, because it was worth nothing, I just forgot about it. RMP sent me a review of what there were doing first the fiasco of old oil wells in California and then recently the news on Alaska.
Having read everything, I could find on Alaska, Great Bear etc I upped my share holding immediately after there was an announcement.
It’s a bet, but it’s a bet that could change your lifestyle. But don’t whatever you do blow everything!!
Thanks boom.boom. for explaining the difference.
OSH paid $3.10 per barrel that is now down to $1.30 following further exploration and development. Fact.
Can you show me where this was posted. Seems a large drop.
Thanks
OSH paid $3.10 per barrel that is now down to $1.30 following further exploration and development. Fact.
Can you show me where this was posted. Seems a large drop.
Thanks
http://www.ottomanenergy.com/site/PDF/2741_1/Winx1DrillingUpdate
I expect that they don't down tools for the weekend!!
I think we are ahead of schedule on the drilling and we might get to our first target Sunday/Monday morning.
Fingers crossed,
Good luck to all of you who are still holding shares.
Armstrong got paid 3.1 $ per barrel in the ground, but it was thought that he had sold to low. Reason was he needed more cash to buy more acreage where he guessed there was more oil to find. I don't think he needs the money anymore he just likes finding oil! 75p was my estimate if oil was found.
Surface casing has been run to ~2,500ft, as planned Drilling of intermediate section scheduled to commence the week beginning 25 February 2019.
Looks like it will be 26th or 27th for the dril to reach first target.
My quess is RMP will hit 75P if it finds oil and .75p would be the in the ground value to RMP.
Not long now and whilst this is a gamble you wont get odds like this at any casino!!
I agree, this is the best chance any of us have had with RMP. Much as I don't warm to Bandy, I will buy him a bottle of champagne if he pulls this off.
I agree, this is the best chance any of us have had with RMP. Much as I don't warm to Bandy, I will buy him a bottle of champagne if he pulls this off.
As to price when we find oil it's $3.10 a b
I agree, this is the best chance any of us have had with RMP. Much as I don't warm to Bandy, I will buy him a bottle of champagne if he pulls this off.
I normally post on Red Emperor that’s where I have my shares.
I look to 88 Energy for a reasoned view on what’s happening with the drill.
But today the site has been taken over by a bunch of idiots, what’s going on with this site?
It’s bad enough having idiots at Red Emperor, I thought you at 88 Energy were more intelligent?
Very disappointed.
A lot of people have have sold on the SPUD. They have mentioned it on this site before, and true to word they have sold. Price is now looking very good, Time is running out and we will know the outcome on the 26th Feb as they appear to be ahead of schedule. Can't wait for the result!!