Member Info for Upside

So you do not regard the state of Utah as a reliable source? Have you even read the mining plan?

Graphite.....My arguments are backed up by links to government documents and state approuved applications. All your counter arguments are based on company announcements and paid for promotional carp. Clearly the market is sat on the sceptical side of the fence with the likes of labrat and myself. Until you can provide some actual proof that any of the projects are actually profitable I will not take any of your ramping seriously.

If you bother to look for and read the patent for the process as held by MCW. You will notice that it is a dual solvent solution and is infact very similar to a prior patent using pentane and acetone held by Exxon. The big question is if this is so good and so cheap why has Exxon never bothered to develop it and instead is now drilling fast declining shale wells in the permian at 11 million a pop.

Labrat.....The scale of the mine needed and the massive investment is as usual being totally ignored......https://fs.ogm.utah.gov/FILES/MINERALS/PERMITS/047/M0470089/2016/Incoming/12192016.pdf

https://mobile.twitter.com/zenithenergyltd/status/985499087846944769?p=v

Yes but which RNS the one thats gives actual sustained flow rates from the wells or the one that explains how they are going to pay for Ashphelt ridge.

So far it looks very much like a replay of Shoats Creek.

Graphite....you conveniently forgot to include transport costs for the crude. A typical 20% royalty burden and 10% severance tax.

Agree. We have enough exposure in central Asia. Indonesia sounds like a better deal.

It is also of interest that the Morris 1 well was drilled and completed 13/06/1990 and ceased production 31/01/1993.

Acidizing tends to increase overall flow rate oil and water. The other question is what's the pressure differential between the upper and lower zone? Combining the flow can have unforseen consequences. We shall see.

26/03/2018 HURRICANE UK SKANDI FEISTEIN PSV PSV 4 WELLS FIRM + 5 WELL OPTS SUPP. PBL.........http://reports.platou.com/Pages/NorthSea.aspx

Looks like the company is finally coming of age. Took them a while to realise that no production is better than production at 99% water cut. Looks like the serious increases will only be realised by drilling new wells but they are almost in a position to do just that. All in all a good update but the SP is going nowhere until the market is informed about acquisition funding.

10,000 barrels produced cost of goods sold as stated in MCW 2016 accounts $1.4 million. That was ofcourse before they got thrown of the lease for not paying the rent.

Mo allowable is monthly allowable based on a 31 day month.

Good news Pergerson energy llc is now P5 active. So data is starting to become available. The monthly allowable for each well is listed and makes for very interesting reading. List arranged in Alphabetical order by field...... http://www.rrc.state.tx.us/media/21882/oilsch6.txt

https://srsroccoreport.com/biggest-breakthrough-energy-investor-warning/#comments

In addition well head price will not be OPEC basket price. It may also be the case that it is a distressed sale.

I have become increasingly concerned about the delays experienced in Azerbaijan. However looking at the wider oil market I am convinced that a rapid increase in price is on the way. For all the focus on US shale production the rest of the industry is doing very little to arrest deline rates and lack of exploration success means few projects that can be fast tracked when the stock piles are drained and they are being drained at an alarming rate. So perhaps this is the end of the window to snap up cheap assets, if this can be done with sensible financing and minimal dilution it might just might make Andrea look like a genius.

Down hill since then. Think I will watch and wait.