RE: OOR technology16 Feb 2026 11:37
Courdelion I am not an expert but have several holdings in oil companies. I watched the Buccaneer's CEO's video and read their RNS and he says that the result is "phenominal". The process relies on introducing organisms into the water which results in easier flow of trapped oil to the wellhead. This process will work only where the organisms are suitable, but Buccaneer has other opportunities which may be appropriate. B makes $40/50 per b and the operating cost reduction forthcoming by the process should reduce this amount. Still a pilo,t so we must be a bit cautiou, but I have always thought that Hunting is a well-run company and this development gives me more encouragement. PS neither the CEO nor the RNS mentions Hunting, only "the service company".
T