Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Pah lse delete my buy post if you like, perhaps I guessed to bear to the truth, someone dropped a 100k at near a 52 week low, smart move not!
Still think my 700k warrants will get in the money, Rhino don’t start getting paid to 60p and those guys a lot smarter than me!
Martin doesn’t work cheaply, but if someone f up (geodetic)he would find it
GPS antenna positioning
Ok, just spent an hour on the phone to my friend in Vancover, one of the worlds top hydrographers, he’s come up with a few suggestions,
1) Check Geodosy of both seismic survey and drill rig positioning
2) Magnetic declination
3)Antenna positioning , has it been changed whilst drilling : port to starboard side.
4) Tail bouey error
http://www.geodeticsolutions.com/
The above company is run by a guy called Martin Rayson, brain the size of a planet worked with him in Africa, writes seismic programs for surveys etc, anyway, my friend and him, made a lot of money sorting problems for Pensoil and then a super major ( kept missing drill targets) Sound familiar?
His words were ( we made them literally millions)
Martyn has built his company on just such occurrences.
No offence Private Grass but my friend says your talking the perverbial, you’ve probably worked for him by the way if you ever worked for shell or BP as he had the contract to supply hydrographic surveyors in the N sea before he sold they company.
Obviously I’ll pass the suggestions on to ADV management
Maybe so, but maybe just maybe ,everyone isn’t as competent as yourself private grass.
Hello my name is #########I currently hold approximately 25m shares in ADV. I hold a BSC in Ocean Exploration/ Hydrography from Plymouth university, and have worked in the seismic industry on land offshore and in the TZ throughout East Africa.
Ok introductions out the way, obviously disappointing results regarding the recent drill, my question to you is this, was the original seismic survey shot in a local datum? If so are we using WGS84 for the current positioning of the I’d imagine Jack up?
Obviously my next question to yourselves and specifically the hydrographer responsible for the positioning of the Jack-up, has the conversion been done correctly?
I’d strongly suggest we need to start checking this as a matter of urgency, as I’m aware of several instances of this occurring, if you need help, I can put you in touch with one of the best hydrographers in the world, he’s a personal friend, and although he currently works in the fibre optic cable space, his industry experience is second to none.
I fail to see how an attic of oil on seismic data can just disappear, and I strongly suggest we need independent verification of rig/ jack-Up positioning.
If a get a reply I’ll post it here as soon as.
Has to be worth re shooting a square km or 2 of seismic, I don’t believe that the original seismic is so poor that it’s identified an attic of oil that didn’t even exist, imho it’s there, however, we obviously have a conflicting error between our current data and actual geology, mind you that’s got me thinking about the datum the original seismic data was shot in, has the conversion to gps84 been done correctly if so, because if we haven’t are we drilling where we think we are!
It would be a unforgivable error, but it’s happened in the industry on several occasions, I’ll email the company and see what they say.
Anyway fingers crossed all.
Robbed from Parob on other BB
Some were wondering about the 15M trade and whether it was a buy or sell.Align Research just posted this on twitter:The 15m print at 0.6255p was us putting our money (as ever) where our mouth is in these buying the stock. At this market cap ahead of a new RNS the risk/reward we see as skewed to the upside. We were bidding for more actually but not filled.Bodes well for today together with closing price action yesterday.hTTps://twitter.com/alignresearch/status/1484422614277836802?s=21
Well, well, well, pardon the pun, but what do we have here then!? Bad news imho would have been dropped today via RNS imho, this is starting to look as though it’s better then we were first lead to believe, could be a big winner.
Well money where my mouth is, I’ve loaded 10m down here, on my previous experience in the field, let’s see.
Don’t be so sure regarding the sidetrack, many moons ago I worked for a oil and gas company, black marlin energy, we had a similar problem with a well on an island called songa songa, we placed an air gun beside the well and recalibrated given the already drilled geology as ground truthing , it’s not a seismic survey over hundreds of square miles and wouldn’t take long, and didn’t take long in that instance.
Anyway eventually the well did come in, and I believe wentworth operate the well, we also did the seismic at Mtwara where I believe they have more gas wells.
Anyhow Goodluck, and remember anyone stating opinions as fact on these BB isn’t sat with the relevant data infront of them, there certainly wasn’t enough information in yesterday’s RNS to have anything other than an opinion, on the next operations at the drill site. Gla
Definitely not disappointed with my buy of 600,000 barrels of oil in the ground for £39k
Keep selling, but don’t come back here in a couple of weeks spouting if only I’d held! Dyor
So currently I hold approximately 0.5% of the share capital of copl, using 1.3 billion barrels by my math that attributes 6,632,653.0 barrels of oil to my holding, I remember when iog had a similar disparity between share holdings and reserves, it didn’t last, and it won’t at copl .
Nowhere near value yet!
Hasiba I’ve taken friggin 900k yesterday and today!
164m shares in issuance, where an earth are they all coming from?
Always tomorrow and I do like round figures.
Perhaps a telling point for me is GBP haven’t released a RNS stating it notes press speculation regarding the shell energy drill off Namibia, imho this is probably why, GBP as we speak are in farm out discussions with Shell, I mean if you’d just struck billions of barrels of oil wouldn’t you try and secure the blocks surrounding the discovery before announcing it to the market?! I know I would, grabbed a few million on that basis, now I’ll just sit and wait, won’t be long. Aimho
You get more bees with honey then you do with vinegar Tony.
Oil And Gas Discoveries Plunge To Lowest Level In 75 YearsToday
Much to the celebration of environmental "activists" and the chagrin of anyone applying common sense to the argument of why gas prices are so high at the moment, the world of oil and gas discoveries has run bone dry.
Oil and gas firms are currently having their worst year for new fossil fuel discoveries since 1946, a new report from Quartz revealed this week.
The industry is set to discover 4.7 billion barrels of oil this year, marking the worst performance in 75 years. The ratio of "proven reserves to production" is now at its lowest level since 2011, according to data from research firm Rystad Energy. Large discoveries have typically account for most of the world's new reserves, the report notes. 40% of all petroleum discovered has come from just 900 oil and gas fields, Quartz writes, stressing the importance of these new discoveries for the industry. Once discovered, existing wells then begin to deplete. In fact, global oil production declines by about 7% per annum without additional investment in existing fields.
B ut not only have there been no major new discoveries, cash for reinvesting in new supply is reportedly "scarce". Cap Ex at oil and gas firms has been slashed due to the shockwave Covid send through the industry.
The API told Quartz: “The industry was in a survival mode throughout 2020, reducing its capital expenditures to match with low cash flows through the 2020 covid-19 recession.”
Peter McNally from research firm Third Bridge, commented: “The companies are being run to generate free cash more than growth.”
The continued supply crunch, coupled with "re-opening" demand rising, could continue to push up prices into next year, the report says. "The next two years could require nearly all of the world’s spare oil production capacity," Quartz concluded.
https://www.zerohedge.com/markets/oil-and-gas-discoveries-plunge-lowest-level-75-years
Oil And Gas Discoveries Plunge To Lowest Level In 75 YearsToday
Much to the celebration of environmental "activists" and the chagrin of anyone applying common sense to the argument of why gas prices are so high at the moment, the world of oil and gas discoveries has run bone dry.
Oil and gas firms are currently having their worst year for new fossil fuel discoveries since 1946, a new report from Quartz revealed this week.
The industry is set to discover 4.7 billion barrels of oil this year, marking the worst performance in 75 years. The ratio of "proven reserves to production" is now at its lowest level since 2011, according to data from research firm Rystad Energy. Large discoveries have typically account for most of the world's new reserves, the report notes. 40% of all petroleum discovered has come from just 900 oil and gas fields, Quartz writes, stressing the importance of these new discoveries for the industry. Once discovered, existing wells then begin to deplete. In fact, global oil production declines by about 7% per annum without additional investment in existing fields.
B ut not only have there been no major new discoveries, cash for reinvesting in new supply is reportedly "scarce". Cap Ex at oil and gas firms has been slashed due to the shockwave Covid send through the industry.
The API told Quartz: “The industry was in a survival mode throughout 2020, reducing its capital expenditures to match with low cash flows through the 2020 covid-19 recession.”
Peter McNally from research firm Third Bridge, commented: “The companies are being run to generate free cash more than growth.”
The continued supply crunch, coupled with "re-opening" demand rising, could continue to push up prices into next year, the report says. "The next two years could require nearly all of the world’s spare oil production capacity," Quartz concluded.
https://www.zerohedge.com/markets/oil-and-gas-discoveries-plunge-lowest-level-75-years
Much to the celebration of environmental "activists" and the chagrin of anyone applying common sense to the argument of why gas prices are so high at the moment, the world of oil and gas discoveries has run bone dry.
Oil and gas firms are currently having their worst year for new fossil fuel discoveries since 1946, a new report from Quartz revealed this week.
The industry is set to discover 4.7 billion barrels of oil this year, marking the worst performance in 75 years. The ratio of "proven reserves to production" is now at its lowest level since 2011, according to data from research firm Rystad Energy. Large discoveries have typically account for most of the world's new reserves, the report notes. 40% of all petroleum discovered has come from just 900 oil and gas fields, Quartz writes, stressing the importance of these new discoveries for the industry. Once discovered, existing wells then begin to deplete. In fact, global oil production declines by about 7% per annum without additional investment in existing fields.
B ut not only have there been no major new discoveries, cash for reinvesting in new supply is reportedly "scarce". Cap Ex at oil and gas firms has been slashed due to the shockwave Covid send through the industry.
The API told Quartz: “The industry was in a survival mode throughout 2020, reducing its capital expenditures to match with low cash flows through the 2020 covid-19 recession.”
Peter McNally from research firm Third Bridge, commented: “The companies are being run to generate free cash more than growth.”
The continued supply crunch, coupled with "re-opening" demand rising, could continue to push up prices into next year, the report says. "The next two years could require nearly all of the world’s spare oil production capacity," Quartz concluded.
https://www.zerohedge.com/markets/oil-and-gas-discoveries-plunge-lowest-level-75-years