Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Discovery of commercial oil fields comes down to luck. The good indications are often there aplenty but there are a host of other considerations and very few drills actually make it through to becoming commercial , which is why you should first expland what you have first , and then branch out.UKOG seem to have done it the other way round
How explosive is hydrogen gas? - Chemistry Stack Exchange
Now while the explosive limits of hydrogen in air range from about 18 -- 60 % the flammable limits are from 4 -- 75 %, in oxygen the limit of flammability goes all the way from 4% to 95% read: for practical purposes, hydrogen in oxygen is always at least a flammable mixture. For comparison, gasoline in air is flammable roughly between 1.5 - 7%.
I don't think it will ever be general, the stuff is too explosive.Fair enough most people with treat it with caution but that still leaves millions out there who don't care a toss about regulations or are sometimes just too lazy to implement them.More likely it will be used by larger professional organisations ,not everybody ?
And neither should we Ocelot , we and SS and you, will probably be well out of shares well before UKOG;s green ambitions make a positive impact in company accounts .If you excuse the language hydrogen storage means absolutely sod all to the share holders in here at the moment !
Despite the assurances from Ocelot (UKOG ?) and the many learned assurances on here, it must be remembered that the big oilies daily grind through statistical and technical data and possible profitable ventures. They pay millions for this kind of advice, and industrial espionage which, in the end, pays off . Presently ,too, oil has become a world wide political football, which to them means if they can secure something that is not likely to be impacted by the Russian war, then they would jump at it .UKOG will have been subjected to investigation , probably several times, by these companies . In a way they are, therefore, doing our work for us. The present indications are that the oil industry does not rate UKOG's likely profitability , and if they don't, then who am I ! (Or Ocelot)
It is not so much the size of the perforations but the presence of oil we are looking for .Probably increasing the size of the perforations is just one of those hope against hope manoeuvres of a discredited theory . Anyway, as far as I can see, they have exceeding the time that would be required to conduct further testing and their silence is deafening .However, one can construe to announce it is non commercial may create a clamour for resignations as well as the sp dropping further to the point of non-recovery .With the money they have wasted in Turkey, that could have made improvements at HH and Areton sounded more hopeful than Turkey anyway !
Hey that is interesting stuff ,nice to see a real expert .It has never looked very hopeful in Turkey , there are other working fields nearby I believe and if they thought there was oil just over the horizon they would have been there already ! ? Probably the best future for UKOG is a few resignations at the top !
If there was oil there under pressure , then it would have come into the drill pipe through any hole regardless of size .Logic would suggest that if they need to make a larger hole , it would be for oil to trickle in . There maybe something in another strata deeper down .Anyway, no need to go to all that expense, tell SS, I have a couple of cans in the garage he can have !
Gas is not new.I owned a car for 10 years because it ran on LPG, at roughly just above half the price of petrol (i.e. about 60 pence per litre, when petrol was about 110 pence per litre. Environmentally LPG is a much cleaner burn as well . I gave it up a few years back because LPG providing garages were gradually becoming harder and harder to find .It cannot be because of car performance because I could always switch it to run on petrol at the touch of a button and, incidentally, LPG only gave 5% less, in performance terms.i.e. 95 instead of 100 MPH (big deal) So if people were that not really fused about the price they were paying for petrol ,were they. So will they be keen on hydrogen ?
But if a professional organisation is prepared to back UKOG for £3m then they would have done their homework and assessed in depth that they could expect to get their money back. It is, in MYOP the first time that I have seen an outside source express confidence in UKOG
An outside professional organisation that would stand to lose £3 million if they get it wrong, has assessed UKOG's future and they have concluded that they can loan £3 million to them with a reasonable chance of getting it back, with interest