Member Info for wellsite

Updated cashflow plot. Losses are << DSM PSA, plenty of cash.

Is if wasn't for

"short term lockdowns and other COVID-19 disruptions in some of the growing markets for Fruitflow in the Asia Pacific region, leading to more erratic demand in the short term"

Could have been in profit

https://postimg.cc/BPFpMcWP

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anto
CCS is bloody simple. The amount of CO2 you can get in is equal to (in reservoir conditions)

Aquifer water volume x pressure increase x (compressibility rock+ compressibility of water)

Pressure increase usually limited to fracture gradient. However, the rock will experience thermally induced fractures (CO2 is cold) at lower than formation fracture gradient. Throw in a bit of mineralization and dissolution to make in immobile, job done. Don't know what all the fuss is about myself

thx anto.
it is worth noting that CS007 purposefully includes the Boulton field. Operated by Harbour, like us, not mentioned in Endurance spiel. Boulton was doing double what Schooner was when closed (20 MMSCFD vs 10 MMSCFD).

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anto
not for the first time, I assure you
humour me - how will you, me, and ghost get the value from Schooner ? Why can't we know the value now ?
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BB
You might be right, but the supplier contracts would be as useful to BH as they are to PXS - as presumably PXS would operate as a subsidiary to BH in europe if they took us out. ......

Beginning to think IF has treated DSM very well. We didn't have to give them the patent (their track record with FF ain't good) and the income from existing DSM clients may become relatively small very quickly - given "significant multiples of existing" still being used. Sign of a good businessman

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anto
Cochran has lost us all money. You are inferring he's made us money.
As the Schooner is out with control of the administrators, why can't he update us all now ? I am obviously missing something.
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Krusty
following on from gixer's comments, worth bearing in mind some in the tomato industry have been trying to get a piece of the FF action for many years, and so far failed.
https://www.tomatonews.com/en/the-tomato-foundation-health-claim-project_2_360.html
Puts us in a good bargaining imho
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(U R probably right about the sp though)

Question is what will DSM do with their shareholding now ?
Will Frederic offski ?
Will SL come on board ?
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IF has pulled off a blinder here !!

BB
looks like loose ends and tidy up ready for BH to make their move to me
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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/

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https://tachra.com/en/vestolux

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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https://flyfit.com/

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.
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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..

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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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