Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
A couple of years old, but good info. If we follow anto logic then Schooner gas with be converted to hydrogen
https://expronews.com/ccs/triassic-reservoirs-back-on-the-carbon-storage-stage/
W§
hi gixer
Primary Prevention. Just noted this at DSM for 2019.
Solutions that don’t cause adverse side effects, however, can provide a new alternative in antiplatelet ingredients. Therefore Fruitflow® is a practical solution for a primary prevention-led approach.
https://www.dsm.com/human-nutrition/en/talking-nutrition/5-ways-fruitflow.html
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DP
no need to contact IF, I'm sure someone at pixxie HQ has already read our latest ramblings.
Anyway, I believe BH & A N Other (DSM ,Bayer ?) are already carving out a deal between themselves to take us out......so not sure whether IF would bother at this late stage.
W-aimho-$
gix
I like to think someone at PXS reads this board
My rant in April about how carp the website is seems to have been noted with the stuff below now removed and the narrative refreshed.
If I were running the show I would have a map showing where all the products are (made/sold/marketed, whatever is most useful) worldwide. With a bit of programming one can see evolution with time.
I would also have a map showing where FF+ is sold. Would be useful to see the impact of Brentford and Generations cup.
I don't think either would be commercially sensitive if a static map is updated say once a qtr and posted. A map of patent status could be done while they have a programmer on board.
IF needs to up his game re communication with shareholders. The excellent finds gixer is making need to be shared "officially" as to tbh statements like Primary Prevention need to be explained as they can impact share price..
W-feeling-confident-$
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BTW
I think IF should refresh our website reflecting all the progress (or just drop the section)
https://www.provexis.com/fruitflow/chinese-market/
https://www.provexis.com/fruitflow/asia-pacific-market/
It's easy if you aren't accountable to shareholders !!!!!
Quite clear AC read P20 & 21 of report and said I'm having some of that
https://s3-eu-west-1.amazonaws.com/assets.eti.co.uk/legacyUploads/2016/04/D16-10113ETIS-WP6-Report-Publishable-Summary.pdf
BC36
Development Cost
The development of the offshore transportation and
injection infrastructure is estimated to require a capital
investment (including Pre-FID costs) of £669m (Real, 2015
or £209m PV10, Real, 2015). Full lifecycle costs including
OPEX, decommissioning and site monitoring are estimated
to be £1609m (Real, 2015 or £269m PV10 - 2015). Levelised
unit costs are estimated at £12.33/T.
gh
I'm no fan of AC, his ethics fall short of what I would have expected.
I have written off my not insignificant investment.
TE was a bad move, the abandonment liabilities that came with it are way too big for a small co like HNL.
However, AC was not to know where the gas price was going. His business plan was to offload the "chronic" gas business (and abandonment liabilities) and move into renewables using his HALO offshore vehicle with Schooner.
All the big boys are moving into renewables (Total/BP/Shell/Equinor/Repsol).
Gas is now back in favour - I'm sure the REPSOL board are kicking themselves over Anchois/Rissanna .
Given the first gazette for HALO offshore is out we should know pretty soon - then we all celebrate or mull over a class action
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an
the wells were designed and drilled without high pressure CCS in mind. Same as all legacy wells throughout the UKCS.
Abandonment design needs to take CCS in mind now. Not a show stopper, just a risk to be mitigated.
The wells to watch out for are the 60's early 70's exploration wells.......
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anto
who is liable if legacy wells leak CO2 - Endurance or DNO ?
The development wells probably have very little cement across the bunter. They will probably have to punch a few holes in the 9 5/8 casing and perform a cement squeeze up behind 9 5/8 to the next casing shoe so that the bunter formation is completely covered by cement (usual abandonment is set a few plugs above reservoir interval and put a 1000 ft or so cement plug inside casing). This will add significant cost and operational complexity. Even after this an isolation is not guaranteed for low viscosity CO2. This is one of the major hurdles for saline aquifer CO2 where formations are being pressurized up.
Other isolation technologies are evolving. e.g.
https://www.aubingroup.com/products/well-technology/xclude/
May help but wouldn't rely on it.
Now the good thing is these wells are not owned by HALO
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ant
DNO bought Faroe who acquired Schooner in 2014
https://www.offshore-energy.biz/faroe-acquires-operated-interests-in-ketch-and-schooner-fields/
This is pure speculation. Schooner is unusual in that it is a carboniferous gas field with low recovery. It is plausible that since CoP there has been some repressurization of the production drainage volumes from the poorly connected areas. The current well abandonment ops shall provide updated reservoir pressures.
https://mem.lyellcollection.org/content/52/1/226
The low net-to-gross reservoir consists of discrete, low sinuosity fluvio-deltaic channels evolving upwards into an aggradational, distal fluvial fan setting, dominated by braided channels. Fault compartmentalization and variable sandbody extent mean that reservoir connectivity was a key subsurface uncertainty. The Ketch and Schooner fields gas-in-place estimates at development approval of 956 and 1021 bcf are now modelled as 581 and 654 bcf respectively. This reduction is due mainly to remapping (Schooner) and revised reservoir modelling reflecting production experience. Generally poor reservoir connectivity is demonstrated by the lower connected gas-in-place volumes, estimated at 351 and 481 bcf respectively, based on production data. Field recovery to cessation of production in 2018 was 263 (Ketch) and 310 bcf (Schooner) or 75 and 64% of the in-place volume connected to production wells. Topaz has 139 bcf gas in place, with recovery of 10.4 bcf from a connected volume of 14 bcf, equating to 74% recovery of connected volumes or 7.5% full field recovery.
I see nothing to suggest DNO have changed their minds on anything. Agree HALO are a thorn in whole Endurance plan that needs to be pulled
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anto
when a licence holder goes bust the licence, and all liabilities, reverts to the previous holder. DNO were the previous operator of block, so presumably has reverted to them. That said HALO is still P2578 equity holder according to these data
https://itportal.nstauthority.co.uk/information/licence_reports/databycompanyandblock.html
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https://expronews.com/ccs/southern-north-sea-to-become-the-main-ukcs-carbon-store/
Nice map showing Endurance and new licence round areas
anto
nope.
However, I know there is a lot going on behind the scenes in the CCS world
- I won't elaborate as I do not know what is in public domain
(I have heard nothing about HALO though)
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If there is value in Schooner, then I don't see how the directors can keep it without sharing with all shareholders. Dealing with someone who has blatantly fcked over shareholders would not sit comfortably with Bernard " Mr social media" Looney nor Equinor. It wouldn't take much of a campaign to embarrass all the Northern Endurance participants ........ e.g. with accusations of collusion with AC in fcking us over etc.......so find it difficult to think this is AC's plan
W-wait-and-see-$
anto
don't disagree, likely to be a major hub. Just announced licensing round has acreage to the North, looks like Cygnus area and the production acreage Neptune gave back.
https://www.upstreamonline.com/energy-transition/uk-launches-first-ever-carbon-storage-licensing-round/2-1-1237194
W-I-still-think-AC-is-uninvestable-regardless-of-what-happens-$
anto
stop it. If AC were doing his job properly we would not be in administration but coining it in
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