RE: Positivity17 Jan 2021 19:39
Does anyone know any reason this technology won’t work for TOM (Greenfield)? The more I read the more convinced I am that this method is not only going to work, but potentially revolutionise and clean up the oil industry? If this works, then TOM’s at £6m market cap will be the steal of the year? I know it needs money to get it up to 10,000 boe per day, but I remember ten years or so ago being at RKH, which had a discovery in the middle of The ocean 100s of miles away from anywhere, with near £2/3bn capex required and it exploded from 30p to £6 in just a few months. TOM is a different proposition, and to me with so much more potential.
https://petroteq.energy/technology/oil-sands-extraction
Closed loop technology in this space is amazing, I think this is just the beginning . With $20/25 cost per barrel, which is expected to be reduced further, and with huge potential from the clean sands produced as a byproduct, I think we are onto something amazing here.
Time for me to top up I think, having only really dipped a toe recently. Onward and upwards